GOLD - What Pawn Shops & Jewelry Stores DON'T Want You To Know! | REAL WORTH & VALUE
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- Опубликовано: 7 апр 2020
- Do You REALLY Know What Your Gold Jewelry is Worth??
Retail Outlets like Jewelry stores and Pawn Shops make a lot of money selling jewelry. This is because most people do not know the true value of their Gold Jewelry!
In this video I will teach you how to find out what your gold jewelry is truly worth and how you can beat the retail stores at their own game!
Be sure to watch the entire video to fully understand how easy it is to find out the "True Value of your Gold Jewelry".
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Simple pocket (grams)scale that works great!
amzn.to/362hlkC
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This guy is 100% pure gold himself for the act of sharing the must know information with the public concerning buy/selling ,pricing, value of gold and gold jewelry items & products etc. Standing ovation for him because of the information he has freely given out! Any where or anyone else you would definitely have to pay for it! His act of sharing is caring is priceless!
Awwww Thank you for the wonderful comment👍
YEAH YOU BEEN GETTING RIPOFF UFFF FOR THE YEARS IN THE U.S CAUSE WHAT IS THE COST OF GOLD IN COLOMBIA PANAMA AND LATIN COUNTRY THEY WAY OVER PRICED WE PAY LETS SAY 100 FOR 10KT RING YOU WILL PAY THE TRIPLE.
Seanmacattram
@@ricardohenriquez1395 I do believe, and correct me if I'm wrong, that the price of gold anywhere in the world is the exact same price. If Cuban price of gold is higher, then you made more money selling it to the Cubans. I just don't get your point?
@Unknown G shotta just currency exchange rates right?
Selfless honest and kind = rare ,we do actually have these people here in the world; Easier to find cheaters,scammers and haters.
Thank you Roy
Thank you for watching and your kind comment.👍
is it tho? really? ask urself. whats he to gain from divulging the secrets of his trade? how much of it is altruism and how much of it is for views/monetization/subs do u think?
@@elm4nsuri Your Judgements are from a place bias my friend. What's your viewpoint is what your motivation/actions are as what you'd do in his shoes. Your not open minded to really read or feel his Energies. I read people just I read your Energies now behind your commentary. Pretty much Verbatim Right? Honestly "YES!" He is retired his simple backdrop his wording is in layman's terms detailed very concise. Think before reacting sir the world & yourself will be better for it...
@@RKTreasureCenter Now understand why my insurance agent told me to get my wifes jewelry appraised before having it insured. I had a very rude awakening when they evaluated my watches..VERY subjective..😒
Boy ain't that the truth, thieves, liars everywhere
Thanks dear .. the fact that you share this knowledge for free, shows what a golden heart you have!
Thank you for your comment. It's very much appreciated. 👍
Gold is a currency. It is still by all evidence a premier currency, where no fiat currency including the dollar at it current state can match it.
I agree with you. It sure is and having watched this video thoroughly alongside considering the recent dip, I know for fact it's time to buy more. Excellent video for new stackers. I've been stacking for a while & learned from mistakes. Best suggestion I could give is to become familiar with the fundamentals and ask professionals for their opinion or better still earn passively and learn at your pace. Avoid getting in over your head
@@joecaruso06 Most people don’t plan to fail they fail to plan........
@joecaruso06 Yes I concur. The prominence of institutional or basic financial education and managers cannot be overstated. Markets are oceans not lakes. Take myself, having encountered my fair share of bad trades, I was able to realize how timing, capital, entry and a lot more are essential. Now, I have a $122k portfolio averaging a 12% monthly roi in less than a year following - Yvonne Annette Lively's guide so I do know the importance of basic knowledge and delegation.
@@Gregfreemann The Morgan Stanley investment advisor, Yvonne Annette Lively? Tate was with her on a JustFin podcast, right?
@@tommyfisher277 Just looked her up. Records are detailed but wouldn’t she sorta pricy for 12% m-roi?
I just wanted to say that it is extremely rare to find a person who selflessly shares knowledge,that can improve someone's ability to survive in a business climate that truly "chews up and spits out" honest and kind people. For once, its nice to not have to be guarded and cynical about jewelry and gold.
That's what I'm here for. Is to help and share my knowledge.😁👍
Took the words right out of my mouth! I've NEVER come across a gold/jewelery buyer that would share this knowledge - takes time and time is money. Also, the less the seller knows about it the better for the buyer. This is an excellent video! 😀
Top man
👼❤🙏
👍👍👍
My parents were into gold and diamonds. I used to hang out in jewelry shops in Hong Kong, Vientiane, Bangkok, Beirut and Amsterdam. Mom and dad used to have custom pieces made, nothing less than 18 karats but, not more than 22 karats. Though we have a piece of hand woven silk with about a 30cm x 1 miter of 24 karat beads: each of the thousands about twice the size of a grain of rice. All this sold off years ago, dad having passed a lot 21 years ago. I know quite a bit about hold and diamonds, as well as the quality and value if prescious stones. With all this said, I never had a better class or seen a better video on the value and quality on gold jewelry and metal than this one. You get an A+++ or, if if it was compared to the very finest of gold, you would be 99.999 pure! I don't consider owning anything with gold in it if it is less than 18 karats. Excellent video! Bravo! Thank you very much for this.
Thank you for your comment and for the information👍
Roy, u r worth 1000x ur weight in GOLD for the knowledge u shared in this video. I grabbed a notebook n backed up several times to correct my messy note taking & caught little comments (missed due to noise (dog barking, interruptions, etc.) Jewels that I would have missed!! Thank you for the wealth of Wisdom shared.
This guy is 99.9% gold! Sincere and honest content. We need more of this on RUclips. Thanks!!
I appreciate your comment. Thanks for watching.
Best comment. 👍
Information bandwidth is really low. Gold guide for low IQ hamsters. Rotating same obvious things over and over.
💯
I’m not aa math person...but ratio and proportion is what you’re doing, and it’s mean x extremes...easier to see if you label it in the equation!
this videos so wholesome that my heart grew by 58.3%
Lol....love it. 😁👍
I already know about gold, but I just want to say, as a gold enthuisat, That I 100% thoroughly love and enjoyed this video. I support this man's hard work & efforts to teach the common consumer
Awesome....thank you😁👍
Did anyone know that goal is a rare Element because it can only be produced during one event, and that event is a supernova explosion when the sun has exhausted all of his hydrogen begins burning heavier elements until it runs out of any elements to burn and the force of gravity is so intense that it compresses the star down to its core and a massive explosion occurs doing this massive explosion the intense pressure of gravity causes all of these elements to be spewed out into the Galaxy are nickel copper Platinum uranium and of course gold. Man has been able to reproduce gold in the laboratory however it is extremely expensive and not cost-effective when you are modifying the atomic nuclei of an atom in order to get the appropriate atomic number for gold. I won't go into the details of atomic mass and atomic weight but that's the whole point it's all about the proton neutron electron configuration of an atom which determines what element and material will be. So just what I said gold is extremely rare and that's why it has such value it's a beautiful metal and it can only be created in the heart of a dying star.
@@gordendavis3585 and that’s why it’s called gods currency
Pro tip for you old timers, take a picture of the marking with your smart phone, than zoom in, better than 99% of the loops on the market.
Great Tip!😁👍
Or farsighted
Macro
I'm 17 could u explain
Hey great tip,BUT you don't need to be old to have problems with your vision. 🤓🧐
Cant thank you enough..my Dad was known for his generosity...very inventive.helpful to others..lent money..got people jobs..housing...etc. He had integrity like you and was honest dependable..a doer problem solver...discreet. A dying breed unfortunately..hed have liked you. G
Than you for the amazing kind words. I appreciate it and your comment made my day. Thanks again. 👍
I'm British🇬🇧🇬🇧 I own 9ct Gold here I love your video, I do have to say iv even had 9ct jewellery handed down 3 or 4 life times it does not tarnish Quickly quite the opposite robust & sturdy no less.. I only have 24ct small bullion.. Alot of my Indian 🇳🇪 friends own alot of 24ct jewellery and it's forever breaking Bending, snapping beacuse of the high purity being softer
Hello British...Yes, 24k jewelry is nice and expensive, but makes for lousy sustainable jewelry. Thanks for watching and sharing. 👍
Also when I buy diamond rings I only buy GIA certificate if it's from a store with all the paperwork u get a good £800 to £900 on a £1300
i am never buying ANY jewelry the same way again! dude, you just gave us THE game!
😁👍
I’m so confused now, I’m going to take a nap and watch this again when I wake up, but only after I throw up for giving away the gemstones when I sold almost all my gold jewelry!
Oh don't think bad. Many gemstones are not worth a ton of money unless the were large and or near flawless. Many people dont know, so you're not alone. This is why I made the video. Thanks for watching!👍
@Sarah Renfrow: yes I learned that lesson the hard way too!
I was fortunate to find a very sympathetic jeweller who ""pulled my coat tail"" the same as ROY.
He told me to ALWAYS remove the gemstones before selling the gold, especially if the gemstones are genuine and worth some money. You'd be surprised and appalled at how some pawnshops get thousands of dollars when they've given you only a couple of hundred dollars for your jewelry.
Much like ROY here, he was a modest man and not a RIP-OFF ARTIST as so many pawn shops are. Good luck next time!
Most stones are really worthless to begin with so don't worry to much. Same as the gold. You paid the retailer mark up
I sold a couple of gold rings to the pawn shop that I bought off the streets...Dang!!!!
U r very honest person. God bless u.
Just remember that if your gold is a designer piece or has real gemstones. An auction or antiques dealer would probably be a better option than a gold shop.
True 👍
Great video! This guy is doing what would take most years to learn if they’re starting from scratch. Not a lot of people would take the time to teach people this kind of thing.
Thank you. 👍
I listened to this at 1.5X speed and 1) LMAO 2) had my mind blown by how much this dude knows. Favorited, for sure! I learned so much - THANKS!!
Awesome Thank You! (replied at 1.5 speed....lol😀👍)
Try .50 speed. Bro sounds like Otis Campbell! Drunk as a skunk! 😂
Katie 😊
Yh I'll speed it up too
Everyone that buys an engagement ring or wedding ring
Should watch this before they buy
Glad you watched and commented👍
Just buy silver bands and be done with it.
@@anorsegoddess9797 i guess you like paying more than something is worth.
It won't make any difference, the price will be the same. Jewelers are in business to make a profit. Commonly jewelers sell at "triple key" or three times their cost.
@@youtubecertified4643 What a piece is "worth" is what it will sell for to a willing buyer. There are basically five legitimate values for the same item. It depends on WHERE it's sold, WHEN it's sold, etc.
Awesome brother!
Thank you for sharing!
Thanks for watching. 👍
This video literally is like GOLD itself, 🤔💪💪🤯
Thank you for your comment👍
I so agree 👍
Great video thank you for educating us
😂😂😂😂😂😂👌🏾
Word
Maybe I wont feel like such a dumbass when I walk into a pawn shop. I feel like the playing field has been leveled a bit.
Thank you, Sir!
Thank you for watching😁👍
@@RKTreasureCenter
THANK YOU VERY MUCH💯💯💯
You already made the mistake by walking into a pawn shop or jewelry store to sell your stuff lol
@@alienvampirebusterswhoyoug8257 Exactly.
@@alienvampirebusterswhoyoug8257 what’s a good
Place to sell ?
"Be blessed". That is gold that can't be lost. Merry Christmas!
So much knowledge, thanks!
Glad it was helpful!
I found an old wedding/engagement ring at an out of the way Antique store. The owner sold it to me for $40.00. (Business was slow and she needed the cash.) After cleaning and refreshing the ring, I noticed small print on the inside of its band. I took it to the jeweler to get a quote of its true value. Lets just say, I had to get the ring insured due to the high value of the diamond(s) setting abd high metal/gold value! (The jeweler even offered to buy it from me! I declined.) Today, I have a beautiful ring that I now wear as my wedding ring that could be the most expensive item I own next to my house and my car! BTW, I keep an open eye at thrift and antique store.
Awesome, thanks for sharing!👍
Good for you sweetheart !!!! God bless you always 🙏 and congratulations on the beautiful ring you found ❤ this gift is far from few, is it not so impossible to find ??? Keep your eyes peeled people 👀 you just never know...
Why u lying 🤣
@@MikeMike-nf1jy ...man u stupid, why she has to prove anything to you "gatekeeper of nothing"? Ha ha...wow...she shared an experience, stop being a miserable misanthrope.
@@dacommish23 You took shit the wrong Way, You think your ass is kooool. Hell NAW Get A Life
Pawnshop will usually sell 3Xs what it’s worth. So if they’re offering you $100 for a gold piece that means that they need to sell it for around $300. Stay away from pawnshops to sell any gold piece. But if you need a quick loan that’s a good place. Loans only.
So true👍
My dad used to own a pawn/buy&sell here in las vegas and he told me that for gold they wouldnt pay more then 35-40% of what the item was actually worth.but he always would start with a 30% offer and work up to 40.its a greedy business
SkyeLee what if you sell fake jewelry?? Will they still buy it for 100??
Incredible. Thank you for the honesty bud! Subscribed!
Glad you watched 👍
Awesome info…thank you 😊
Thanks for watching 👍
I learned these things over a 5 year period.It's exactly right,and it will be worth 1000's to listen to what this man tells you.Good info,not difficult to learn.
Thank you Kelesy 😁👍
I hit the like bottom when he started talking about: take your favorite beverage...how thoughtful. Grabbed it and now gonna watch
So cool👍
Thanks RK, certainly appreciate knowing this
I appreciate you watching and commenting. 👍
I am happy to find your channel!
Thanks!!!
Thank you so much. I truly appreciate your comment. 👍
Here’s a lil info that might help you all. 😉 you can also use a magnet 🧲 to see what type of metal you have. If the magnet pick up your jewelry then you know for sure 💯 it’s ....... suspense 😝 it’s not Gold! So if it picks up your jewelry etc then it’s not gold material.hope this helps you all. When buying jewelry have a magnet great lil tool If ur at a garage sale etc.
Good comment thanks for watching👍
Exactly right luv!
Same with silver
Gold is not magnetic. ... Because solid gold jewelry is made from alloys that contain small amounts of alternate metals, your jewelry may still respond to magnetic pull. With items made of silver, but when they plate with the rhodium to stop tarnishing, they use a metal (can't remember what) in a thin layer to bind the rhodium to the silver which is magnetic.
If a magnet picks up the jewelry, it means it has IRON in it.
You never want IRON in your jewelry.
Thank you for this wonderfully informative video. I grew up in Asia and 24k gold was the only gold I knew. My parents have always told me to treat 24k gold as money. They sneer at any gold that’s is less than 24k. When I came to the U.S, I realize how popular 14k is in jewelry. I prefer wearing 14k because it retains its shape unlike soft 24k jewelry. After watching your video, I have learned that next time I go to estate sales, I will buy solid gold jewelry pieces without embellishments because pawn shops won’t give me much or anything for the stone. I also need to buy a scale so I can find out the value of my existing gold pieces, especially 24k ones that my relatives gave me as wedding presents. Thank you for sharing your knowledge!!! 🥰
Glad you watched and if you sell your 24k jewelry....get the maximum amount. 😁👍
24K gold doesn't wear well. If you wear it as jewelry alloys hold up better. Also industrial standard is+/- 0.5 k of the marked quality. Guess what side of the marked fineness you get when you buy jewelry.
@Donald, in China we care only about 24k gold, nobody wants jewelry that is less than 24k..
Jewelry are status symbols, so wearing cheap gold doesn't work, it's also very easy to spot when something is less than 24k.. So people don't like to wear it... If you're going to show off, wear the real stuff....
@@kaimanyu586 I guess I never pay attention to what people are wearing and when you're just looking at a person you can't tell the difference between real or fake. I'm not materialistic.
Almost no jewelry is made if 24k
I never knew you could find out the karat’s actual percentage of gold when you divide it by 24. This is such an informative video. 🙏
Thank you for watching and commenting.. 👍
That you for the free education. I’m a new stacker and been looking to expand into this knowledge base
There's a reason jewelry stores will take 10% down, and 0% interest for jewelry without a credit check. At 10%, you've already paid their cost.
So true👍
If you are just looking for raw material. ...... wait. Does that mean I’m undercharging?
Retail jewelry markup is generally 3x key.
The best value of gold jewelry is generally a gold chain, especially the heavier ones. Mark-up on other pieces is astronomical. You are paying for less common designs and, of couse the maker/designer has to make a buck and then the retailer is gonna bump up the price handsomely as well.
The old tricks of the 20th Century are dead pretty much. Let's put it this way, they're either dead outright or dying a slow death. Knowledge of how things are done are all coming out into the open.
The answer on the value of jewelry when you’re trying to sell it is always........practical nothing, it’s only valuable when you’re purchasing it
That's so true...😁
Is watch consirdered a Jewlery?
@@asanijahbarriwentgordon1374 yes it is.
@@RKTreasureCenter watches can Apreciate . Rolex , patek or AP factory .
Not totally true. It depends on the piece, a well made heavy piece will sell for way more than crap from zelle
Very useful info, thank you.
Glad it was helpful!
This was the first ever vid on gold i watched..very infomative, accurate and honest.
Thank you. I'm so glad you enjoyed it. 👍
Watched A LOT of RUclips videos over the years, but this is A FIRST. A BED SHEET, NOT EVEN IRONED, FOR A BACKDROP.
I know...it was an impromptu video...😁👍
I love it. Brings a sense of timelessness and added value. As if my dad or gpa was giving me advice instead of a RUclips phenom that’s just trying to upsell to a book or something. I wished all 60-90 year olds would make videos like this with good solid advice. I keep telling my mom to make seamstress and my dad carpenter videos.
@@Usatorok that would be so awesome!
The gold buyer or pawn shop, will almost always, also deduct the stone weight, or their approximation of same, from the overall weight of the piece, unfortunately reducing the offer they make on your gold jewelry. In my humble opinion, it's always best to remove any stones yourself if able, prior to selling gold jewelry for scrap prices. If you are unable to do so, ask them if they would mind doing it for you. Often they will, unless the stones are quite small, or pose too much difficulty to remove. If you have an antique, or substantial piece beset with good size diamonds or other non simulated gemstones, it may be worth your while to stop by a shop or jeweler, that deals in estate jewelry. They may be willing to give you a much better price based more on antique, maker or stone value, than precious metal weight alone. As you noted, with genuine, large, precious and semi precious stones, gemological identification and grading is a must for optimal sell price. Good, informative video. Thanks for sharing.
This is a very good comment A+. 😁👍
I was going to ask exactly the same question, as I saw the measured weight was for gold ring plus stone.
A
* a CARAT
GlO GlOR GOlD
Hello how many gold have scarp gold from components, computers, people buying that for cheap price per gold bar its a crap,or scam?
@@rubik887 it takes a ton of computer components and a lot of work to get a little gold.
Ty this was very informative
Thanks for watching and your comment. 👍
Outstanding! Thank you for the information!
Thanks for watching 👍
The man is so honest. The first time I enjoyed a video. He explained it so well
Awesome Comment! Thanks for watching and the kind words👍
regardless on whether you have knowledge or not, never ever sell anything to a pawn shop, ever. unless you want to get ripped off.....
The first rule. Know Gold.. Gold is real money.. Thanks for the info..
Thanks for watching and commenting👍
Roy I really enjoyed this video! I subscribed!
Thank you. Glad you enjoyed the video. 😊👍
Thanks. Learned a lot. Subscribed
Awesome, thank you!
Great sense of humour. Great teaching skills. Great content. Greetings from Poland 🇵🇱
Thank you for watching!😁👍
An honest man earning an honest living and educating others. Good guy!
Thank you Will. I hope to keep educating the best I can.👍
Great information, thank you
Glad it was helpful!
Thank you! Very informative and charitable of you.
Glad you watched 👍
This video is a gem itself! Thank you for the lesson.
So glad you enjoyed it 😁👍
This vieo is worth Gold.Thank you Roy.
I own a 30g 18 k gold necklace that I purchased in Italy back in 1989. Using the provided calculations, I determined that the gold value of the necklace to be $1332 at today's gold spot of $1841. And here I thought the value was around $50. Thank you for the education. Now how much the pawn shop will offer is a totally different subject. Thinking 50% of value at best.
Try different places and take as much as you can get, or sell it online yourself.
If you're just looking to get rid of it for a better price than a pawn shop will offer, look at coin dealers. Those guys will usually pay around 70-80% of spot, whereas pawn shops are like 30%. Plus it's super easy, you just bring it in and they test it and weigh it, and pay you cash.
You can check silver gold bull, a bullion dealer which publishes current market prices by the gram. You can select your country’s currency to get the gram price. Then multiple it by your chains weight once converted into the proper weight.
@@FishyFun57
I'm in the UK so that's useful thanks.
@@caseface5494
Fabulous info thanks.
Thanks for this info all in video.
Thank you for the (Super Thanks) support and for watching 👍
Great video 💯👍🏽👏🏽thanks.
Thank you 👍
One of the best lessons of beneficial knowledge I've seen in a while ; interesting and looking forward to watching more related videos.
Thank you Anthony for watching and leaving a comment.😁👍
Pretty good explanation of how to calculate gold value. Generally you should expect 50% to 75% of the actual value from a buyer or pawn shop. 80 to 90 percent of the jewelry taken in are scrapped and sold to a refiner at around 90% leaving the pawn broker or buyer a small profit of 20% or so.
Very true. Thanks for watching commenting and sharing.👍
So rings with real diamonds, like the ones in this video, would be good for full value then? As the buyer may also profit well from the diamond.
@@tomiadventures In ref to your question about diamonds. A diamond buyer will currently pay $85 to $110 a carat for clean mille. There is not much of a market for used diamonds between .20 ct and .45 ct. There is a market for diamonds at .5 ct on up. The real market for diamonds is 1ct above for clean, well cut, colorless, round brilliant diamonds.
100% is scrapped unless you are dealing with a pawn shop, who invariable scrap most of it. The weight isn't a great indicator of value since so much is rolled gold or hollow (plus full of crud) and many alloys are bad.
You can reuse decent metal easily and if you buy a piece that is hand made odds are it's excellent metal, good as bought metal. The good stuff doesn't et melted down so much though... learn about that if you want to understand the value end of the trade.
If a buyer pays 80% he's not getting 20% profit. He'll walk away with 5% unless it's a huge business taking in $100k a day. The pieces need to be dismantles, stones taken out and the refining process is complicated with about 10% loss.
God I hope nobody who watches this video walks into my store. I'll offer them less just because of the time wasted and potential for losing money.
A gold buyer bought a shop from me and I worked next door for a year and helped strip down his stuff. I reckon someone tried to scam him once a day. They need $500k work of tech just to keep on top!
@@PlatinumRatio There is profit to be made. The small things make a difference in the profit and loss columb. The little crappy tiny stones are worth about $90.00 a ct as scrap. Your better items you will want to retail to your customers or wholesale to a jewler. You should make double key on those. Chains are a good seller. A good refiner will give you a 98% of melt value. You do lose metal in the refining process, 14K gold scrap is usually closer to 12K and 10K is closer to 8K, You have to really check your stuff coming in carefully to avoid Gold Filled, Electroplate and gas staion gold. Any item coming in that has been sized has to be counted at a lower weigth since the solder is a lower Karat weight than jewelry out. On chains you have to discount the appx weight of the latches. I also sell scrap to customers without refining at Spot Plus. Instead of getting money for metal, I usualy trade it for gold or silver bullion which I sell direct to customers. You just have to think a bit outside the box to make a greater rate of return.
Thanks Roy, great info!
I appreciate your comment.glad you watch.
Thanks for this great video! Take care friend!
Thank you!
A priceless and golden information selflessly shared to people like us who do not have even the slightest hint of what gold is.
Thank you Roy ❤️
Thank you for watching and for your comment.😁👍
@@RKTreasureCenter
Sir, I want go pawnshop buy gold jewelry then resale at a profit. No one has a video about it. Do you think it would work? What are best pieces to resell chains, rings , earrings ETC?
Really insightful video i must say. Investing in precious metals such as gold and silver is a smart financial decision, in a few years people will be kicking themselves in regret for missing the opportunity of buying and investing in gold.
@@yasminguler3865You are right!!. Considering the continuous devaluation of the usd.. buying and storing gold is the only way out of this tragedy
@@yasminguler3865 How can i get started on investing in gold, i need proper guidance on how to get started.
When I was in jewelry school my instructor always said to not sell your gold or silver. That one day that is going to be the only money exchange if the market crashed. So I wouldn’t do it just in case you need a nest.
That's true👍
if you believe gold is going to be worth something in event of market crash i have,doll house to sell you.
@@guerillachan20 i met people from venezuela that is not starving thanks to their precious metals assets... So you are wrong AF.
Excellent video. Thank you for educating us. ❤
Glad you enjoyed it!
Very informative! You are an outstanding teacher! Thank you for your v blog.
Thank you for watching and the wonderful comment. 😊
I’m only half way through this video right now and I’m mesmerized! Thank you so much for sharing your knowledge.
Thank you Cindy😁👍
This guy has a heart of GOLD.
Thankyou so much for sharing such valuable piece of information.
Thank you very much.👍
Thanks so much for this video you blew my mind up!
I'm so glad you watched. Thanks for the comment. 👍
Thanks for sharing your ideas.
Thanks for watching! 👍
@@RKTreasureCenter
Hello,
Thanks and have a blessed day.
I totally loved this video. I’m going to share it. Thks very much Roy.
Awesome!😁👍
Great and creative video, Roy! Thank you for breaking down a complex concept to a level we simpletons can understand!😉
Well thank you Denise, but we are all simpletons in one fashion or another. Thank you for being supportive!!😁👍
Thanks great content!
I appreciate your comment. Thanks for watching 👍
Great video!
Glad you enjoyed it
Thank you for sharing your knowledge and wisdom Roy!
Glad you watched👍
Great information Roy,appreciate the insights when looking for gold jewellery
Thank you Nigel👍
Just so helpful,thanks.
loved your video,,, very informative!!
Thank you for the comment and for watching 👍
Awesome video Roy! I have learned so much in 25 minutes. Thank you!
Thank you Keith👍
Thanks for sharing your time and experience with us. Really appreciate your sense of humor as well 👍
Awesome Eric....thank you.👍
Thanks very much! That is the best video I have ever watched about the value of gold rings and the value of gold.
Thank you. I really appreciate your comment. 👍
Nice. You kept me entertained. And it was informative too.
Awesome... thank you.👍
Thank you this is the most comprehensive yet understandable video which was organized in a concise manner making the information easy to retain. Thank you!
You're very welcome! Thanks for watching and commenting. 👍
Hi. Came over from Cincinatti picker. What an awesome video full of information. Going to have to binge watch now.
Welcome Debbie B. Thank you for the awesome comment and support. 😁👍
Very easy to listen to and very informative.
Thank you for the upload! 🙃
Glad you enjoyed it!
Hello sir , from all the 2 days of searching around due to I found a ring on the floor with very little bit of markings and all the testing and pointers you have given me within a matter of 20 minutes I’ve learned in total lifetime. Thank you so much and keep those videos coming because the more you teach the more I learn and the richer I get thank you.
Thank you for watching and the wonderful comment. 😁👍
I work at a gold refinery and this is a great video because it breaks everything down in the simplest of terms. The only correction I would make is saying that, for instance the 10k would be worth idk $92 right? A pawn shop would see that it's worth $92 and they would only offer you maybe half of that, and that's if they thought they couldn't get over on you. If you're a sucker, or an addict looking for a quick buck, they would probably offer you $35!! Don't for a second think that trying to bluff them with the old, I'll take it to Joe's Pawn Shop down the street will work either lol....they already know Joe's will pay you $34 and in that moment you're gonna feel a knot in your stomach because you just realized that what you are holding only has value to the people that make the jewelry! As he has stated a couple times already, you paid $4,000 a couple years ago, so you think you should be able to get at least $3,000 for it right? I mean it makes sense doesn't it!! Well, it makes sense to the people who make the jewelry, I mean it costs money to make the rings but the math you should be wondering is how much of a profit I could make, after all the costs, from having a $90 lump of gold and turning it into a ring and selling it for $5,999.99 lol. Diamonds are just as much of a loss as gold is too lol....unless it is certified, has a serial number in it and weighs more than .5 carat. I wasn't aware of any of this until I got into the business either, it's just not common knowledge and it really should be because it's damn near a part of everyone's daily routine when you think about it. A watch, a wedding ring, earrings, a necklace, we wear them everyday and it's such a routine it's not something we tend to over think on. But we spend so much money on this stuff and it has only gotten worse with rappers and celebrities making it a center piece of what they've achieved and it has become a statement that says I've made it!! But the only thing you've made it a GIGANTIC error in spending and a whole bunch of rich people richer 🤣🤣🤣🤣
Thank you for sharing such a great story of your experiences with plenty for others to read and enjoy. I agree with you.
Jewelry is a racket. Total rip off. I have a 1oz gold buffalo. It’s 9.999 fine gold, or 24k. It’s worth the spot price of gold. So if I buy a gold chain that is far less in karat weight to it, it should be cheaper than or at cost of the gold. The money you make is the karat weight you skimmed making it 18 or 14k with the chain. So basically jewelers are scum bag thieves.
Thank you for the information!
Agree. I inherited a luxury watch. It had bern bought for $4,000. I wanted to sell it and the guy said possibly $1,300.
Forget it. I'll be buried with it before I let it go for that.
@@thetapheonix Agree. I had no idea what an obscene racket it is until my jewelry was insulted by a dealer who called it SCRAP and offered me $4 for a sterling silver necklace.
Thank you. I love buying and selling gold. Also love learning about the history and various values of gold. Thanks for uploading and sharing info.
Glad you enjoyed it
was well worth watching "Thanks"!!
I appreciate your comment.😁👍
Thank you for posting this video. Learned alot from you tonight lol
Glad I could help
Such a well thought out and presented video! Excellent info, sir!
Thank you Claudia. 👍
Great video, I learned a lot and got answers to all the questions I always had about learning how to value the various carats of gold jewelry! Thanks!
Thank you Mondo 👍
Thank you. Great video
Glad you liked it! 👍
Thank you. This was so informative.
Thanks for watching. 👍
9ct gold is very commonly purchased in the UK and it does not tarnish. It's ideal for wedding rings because it doesn't wear down as fast as higher percentages of gold.
This is true.👍
This knowledge is priceless. Thank you!
Thank you for your comment👍
good info. thank you.
Thank you for sharing this knowledge bro. May you be blessed.😊
So glad you watched and enjoyed. Thank you. 👍
Thank you Roy
You’re truly a kind person.
I learned so much from your video
Thank you very much. Glad you enjoyed the content.👍
One of the BEST videos that I have seen! Thank you for sharing your knowledge in simply terms!
I hoped it helped a little.
@@RKTreasureCenter It helped a lot! You made it very easy to understand. I now feel more confident when I am out looking or selling. Thank you
Very informative!
Thank you for watching.👍
Great video! I learned so much about Gold that I never knew! I want to research more about this, thank you Roy🙏🏽
Awesome....thank you!👍