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Thread: 7g Solid Gold Wedding Band

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    Default 7g Solid Gold Wedding Band

    Hello all
    Looking to sell a 7g gold wedding band. The short version is that my wife and I split. I thought I might do something sentimental with the band but I canít bring myself to keep it.

    Current gold price is all over the place so Iíd like to get $130 shipped for it. The band is completely serviceable but would need to be cleaned and polished. Itís probably worth more as scrap or for a pen maker to use for a clip or cap rings.

    Also willing to trade for a pen in the $150-200 price range. Specifically looking for a 1911 Large or Pro Gear Standard (21k nib in Medium or Broad, color doesnít matter).

    Can provide photos and a scale image of you need them.

    Thanks
    Matthew


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    Last edited by heymatthew; January 17th, 2020 at 06:12 PM.
    Three old hunters were walking through the woods one day. One looks over and says, "Windy, isn't it?" Another says, "I thought it was Thursday." The third says, "Me too! The heck with hunting, let's go grab a beer!"

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    Senior Member FredRydr's Avatar
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    Default Re: 7g Solid Gold Wedding Band

    Assuming 7.00g is the exact weight, you still need to specify purity.

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    FPG Donor ♕ Chrissy's Avatar
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    Default Re: 7g Solid Gold Wedding Band

    The daily gold price is for pure gold and is significantly different to the scrap gold price that you would be given by a bullion dealer. For 7grams of scrap 24ct gold you would be paid $262 at today's rate. That amount will change daily.

    As Fred says you need to know the purity of gold that your wedding band is made from. Pure 24ct gold is quite soft so it's not commonly used for wedding bands.

    I suggest your best option would be for you to go and get your money for your 7grams of gold then buy the pen that you want.
    Regards, Chrissy | My Blog: inkyfountainpens

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    Senior Member VertOlive's Avatar
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    Default Re: 7g Solid Gold Wedding Band

    Iím so sorry. I wish you well.
    "Nolo esse salus sine vobis ...Ē óSt. Augustine

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    Default Re: 7g Solid Gold Wedding Band

    At the current spot price ($1555.10/troy ounce of 24K gold), 7 grams of 14K gold, the type most commonly used in jewelry, particularly in the US, has a gold content "melt value" of about $204. In my experience, depending on who you sell the ring to, you might get as much as the full melt value (though most dealers won't pay that much) to as little as about $150.
    Quid rides? Mutato nomine de te fabula narratur. ó Horace
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    Default Re: 7g Solid Gold Wedding Band

    Thanks yíall. Appreciate the clarity. Anyone interested can make me an offer. I live in a really small town and thereís nobody here that buys gold except pawn shops and they are all currently paying a little under $10 a gram.

    Itís 10K gold.


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    Three old hunters were walking through the woods one day. One looks over and says, "Windy, isn't it?" Another says, "I thought it was Thursday." The third says, "Me too! The heck with hunting, let's go grab a beer!"

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    Default Re: 7g Solid Gold Wedding Band

    Quote Originally Posted by heymatthew View Post
    Thanks yíall. Appreciate the clarity. Anyone interested can make me an offer. I live in a really small town and thereís nobody here that buys gold except pawn shops and they are all currently paying a little under $10 a gram.

    Itís 10K gold.

    Sent from my iPhone using Tapatalk Pro
    I also live in a small town where gold can't be sold face to face unless directly to a jeweller. We don't have any pawn shops.
    Here in the UK we can sell gold by sending it to a gold dealer on the internet.
    Regards, Chrissy | My Blog: inkyfountainpens

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