If you have a 14k gold chain and you’d like to know what its worth, and if you’d get good money from it if you choose to sell it, or perhaps you just want to know its worth for home insurance purposes, or anything else, read this article.
How much is a 14k gold chain worth?
Generally, how much your solid 14k gold chain is worth will depend on what you ask. The reason for this is that despite knowing that the 14k gold piece is worth something, the value of the chain in the real world will always vary.
It will not be worth its exact theoretical value and certainly not the buying price. Keep in mind that in most cases, the buying price of the gold chain is quite high because the marked price will include the profit that the shop has to make and not just the actual value of the gold.
So, just knowing that the 14k gold chain is made of 58.5% pure gold and using its weight to determine the value wouldn’t be enough. Well, knowing the theoretical value is important because it means you will not be duped or get an inaccurate valuation.
That said, if you are selling the chain to an artist, for example, who makes things out of the 14k gold or even a collector, you will definitely be offered more than what you’d get if you trade the chain at a recycling company or the pawnshop.
It’s also important for you to think of the other factors that would affect the value of the gold chain, like the size and its weight, because regardless of who you sell the chain to, the valuation of the chain is determined by these factors.
Essentially, the gold bullion bars will have a published price, but even so, the price of the gold will vary through the day, and the value of the bar, or in this case, the chain, will be determined by the spot price of gold at the time of the transaction.
This means that there is no standard price for the 14k gold chain, and because the gold chains do not come in a fixed shape, size or weight, there is really no good way to establish their exact value until these factors are taken into consideration. And even with the weight taken to mind and the value of the gold at the time, what you get for the chain is based on what the buyer is willing to pay.
Unfortunately, this means that it is not a good idea to pawn your gold chain when you are cash-strapped because you will get the lowest imaginable price for the chain, especially if the broker or the pawnshop owner sense some desperation in your voice.
At the end of the day, the market is run by the principle of a willing buyer and willing seller, and when selling the gold chain, there is no kind of external authority that is there to regulate what the best price of the chain is. Therefore, knowledge of the actual value of the gold chain will give you an edge and even bargaining power.
How much is a 14k gold chain worth per gram?
Gold is valued per gram, and in the market today, the value of 14k gold is $34.998 per gram. Use this information and the percentage purity of gold to determine the value of your 14k gold.
Just keep in mind that the value of gold is not standard, and it’s ever-changing based on changes in the market. So, once the chain is weighed, its value will be determined based on the value of gold per gram for the day.
How much is a 14k gold rope chain worth?
A gold rope chain made of solid 14k gold will be valued differed based on its length, size, and weight. This is to say that a 16-inch 14k gold diamond-cut rope chain is worth a few bucks less than a 20inch 14k gold diamond-cut rope chain – as long as both chains are of the same width.
A thicker 2mm 14k gold rope chain will be worth more than a 1mm 14k gold rope chain of the same length because the extra thickness increases the chain’s weight, and subsequently, the value of the chain.
The 14k chains range in price from about $500 to $700, depending on the weight of the chain and the market value of a gram of gold at the time the chain is valued.
How much is a 14k gold chain necklace worth?
The price of the 14k gold chain necklace varies a lot, depending on the spot market value of gold, as mentioned above. So, in the case of a 14k gold chain necklace weighing 15grams, its value will be the percentage purity of gold, which is 58.5% multiplied by the grams and the value of gold at the time. At a rate of $33.15per gram for 14k gold, the chain necklace will be worth approximately $545.4438
How much is a 14k Italy gold chain worth?
First, the gold chain would have to be verified to be actual Italian gold. As long as the gold chain is made of real Italian gold, its value will be determined based on gold’s current stock price or the spot price and using the gold’s percentage purity and the weight of the necklace, its value is then calculated easily.
Keep in mind that we are using the same valuation as gold from elsewhere because gold has a standard going rate worldwide, regardless of the place you buy it from. The current foreign exchange rate is what will determine how much you end up paying for it, and it is what makes gold from some parts of the world seem cheaper than others.
14k Italian gold is valued at $34.998 per gram. So to determine how much the gold chain is worth, you will use the current spot price of gold, $34.998 x 58.5%, x by the weight of the chain. As mentioned above, heavier chains, longer, and bigger chains that weigh more are the most expensive ones.
How much is a 22 inch 14k gold chain worth?
A 22inch 14k gold chain weighing 12grams, for instance, will be worth about or more than $638.00. Again, the weight of the gold chain is what determines the overall value of the chain in question.
How much is a 14k gold chain worth at a pawn shop?
While it’s important to know how the value of a gold chain is arrived at, and you can do it at home before taking the chain to the pawnshop, you have to know that you will not get as much as the chain is actually worth when you take it to the pawnshop.
The reason for this is that the pawnshop brokers are in business, and eventually, they have to make a good profit margin from their trades.
So, despite paying or pricing the chain by weight, they will always have a very low payout. You could bargain for a higher rate, but eventually, you will not as much as you may have hoped for when valuing the gold chain at the pawnshop.
The 14k gold chains are highly valued, and you will pay a substantial sum for a valuable piece. To have an idea of the value of the chain, you need to take into account its weight and the value of 14k gold at the time.
But this doesn’t point to the exact cost of the chain. The jewelry sellers will also include their own costs to the chain, driving up the prices. And with chains with unique designs and cuts, you are certain that the price will go up further.
So, if you are planning to buy a gold chain and want its approximate amount before purchase, determine the theoretical value of the chain then double it. The only caveat is that if you want to sell the chain, later on, you may not even get half of what you paid for.
Tiger is a fashion&jewelry lover. He is also a fashion jewelry manufacturer that help thousands of small business to grow and also do business with some big fashion jewelry brands. He is a truly metal expert and he will share some information you are looking for.