Found in storage unit! Need info...

Sleuschen

Newbie
Nov 25, 2022
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Going through boxes out of a storage unit I find a single ring that is marked "ARTCRAFT 10K P" on the inside of the band. It's stones are gone So once I get it weighed I'll update that on here but anybody have any idea what could possibly be worth? There is placement for the one big stone and then two smaller stones next to it. As well as what would be the best place to take this to get the most amount of money out of it?
 

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FC-Treasure

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Sep 9, 2011
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Northern VA
10K gold is currently valued at $22.41 a gram. This is known as the "spot price". So a baseline value is $22.41 x # grams. If you sell to a gold buyer they will pay you under spot. If you sell on eBay, then you might get closer to spot, but then you have to pay fees. I personally consider gold rings without stones to be scrap unless they are special in some way. (yours is not in my opinion)
 
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Sleuschen

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Nov 25, 2022
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The letters KP stand for karat plumb. These letters indicate that the ring in question is guaranteed to contain gold that has a purity grading equal to or greater than the amount stamped, which is 10 karat in this case.
Thank you, I think I understand the karat marking well enough. However I have not ever heard of nor seen "ARTCRAFT" on anything and didn't know the significance of it... and honestly am more interested in possible value after I weigh it. 😁
 
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Sleuschen

Newbie
Nov 25, 2022
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6
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  • Thread starter
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10K gold is currently valued at $22.41 a gram. This is known as the "spot price". So a baseline value is $22.41 x # grams. If you sell to a gold buyer they will pay you under spot. If you sell on eBay, then you might get closer to spot, but then you have to pay fees. I personally consider gold rings without stones to be scrap unless they are special in some way. (yours is not in my opinion)
Thank you for the info that's very helpful!
 

ticndig

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Have you tried a magnet on it ? I found a ring marked 18K , took it to the pawn shop to sell for beer money and the ring jumped onto the guys magnet , man looked at me like I was trying to get over on him. so me being a smartass asked the guy how much is he going to pay for it. his reply was I'll give you full value which is nothing. I don't think you're looking at much money , take it somewhere local and you'll get a little spending money.
 

cudamark

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Artcraft is probably just the company who made it. Maybe a take-off on the more popular Art Carved.
 

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