Figuring gold

[mumszie]

Not long ago someone posted something on how to tell what your gold was worth. Price per gram or something like that. Anyone still have that link?

 

[Digger]

http://www.jackhunt.com/gold-calc.html

 

[finders.keepers]

and another


http://www.dendritics.com/scales/metal-calc.asp

 

[rdi]

mumszie..........here's another URL guzz posted a bit ago and is really easy to use....rdi

http://dendritics.com/scales/metal-calc.asp


finders.keepers..... beat me to the punch

 

[mumszie]

Perfect.... thanks a bunch.

 

[mumszie]

Awwww man! According to this - if I'm doing it right. The silver ring I found a couple weeks ago 925 weighs 4 gm and is only worth 2 dollars? RATS! I WANT GOLD!

 

[HalfSpeed]

Awwww man! According to this - if I'm doing it right. The silver ring I found a couple weeks ago 925 weighs 4 gm and is only worth 2 dollars? RATS! I WANT GOLD!

Silver= $2.00, Adrenaline rush= PRICELESS! Remember, this is a hobby, not a profession......

 

[mumszie]

You're right! YOU ARE DEFINITELY RIGHT. Sometimes I need a wake-up call. Thanks

 

[HalfSpeed]

haha, yeah, we all need a wake up sometimes. One of my first finds was a silver ring. Being verrrrrry new at this hobby, I was really floating until I found the same ring on e-bay.....$10 new! Hmmmmmmm. Was a great rush for a while anyway! The way your hitting the beaches though, it's only a matter of time until you hit the big ticket! Keep it up. We all enjoy your posts.

 

[finderzzs]

TO FIND GOLD CONTENT AND DOLLAR VAULE USE THE FOLLOWING FORMULA:
KARAT DIVIDED BY 24, MULTIPLIED BY SPOT PRICE, AND DIVIDED BY 20 EQUALS THE PRICE PER PENNYWEIGHT. (or 31.1 for grams)
EXAMPLE: 14K DIVIDED BY 24 EQUALS .583
.583 MULTIPLIED BY $363 (SPOT PRICE) EQUALS $212.80
$212.80 DIVIDED BY 20 EQUALS $10.64 (PRICE PER PENNYWEIGHT)
PRICE PER PENNYWEIGHT MULTIPLIED BY RING'S WEIGHT (MINUS STONES) IS THE SCRAP GOLD PRICE FOR THE RING