Update on gold ring.

[detector dave]

I found this gold ring the other day and posted it. It does not have the gold stamp on the inside so I took it in and they said it was 10k and only worth $47.00 at todays gold price. I think I will give it to my step daughter Candance scene there is a C in the middle. think for readin this post. PS I thaught gold was worth lots of money!!!!!

 

[Evan/tn]

nice ring and keep it for her

 

[testing123]

This is a really 'quick 'n dirty' value check

7.85 grams of 10k gold = roughly 3.27 grams of pure gold (7.85 x .4167)
Troy ounce is 31.1 grams. 3.27/31.1 = 10.5% of an ounce of gold.

As of 8/20/09, gold is about $940 an ounce. 10.5% of that is $98.70 in its most basic sense.

I believe that should be roughly its "scrap value"

 

[curbdiggercarl57]

Aside from debating the value of the gold in the ring, my name just happens to begin with the letter "C". Your step daughter will soon be driving you crazy, me, I'd keep posting congratulatory comments on all your future finds. Would look great on my pinkie. Pinkie-Bling.
Carl

 

[CRUSADER]

This is a really 'quick 'n dirty' value check

7.85 grams of 10k gold = roughly 3.27 grams of pure gold (7.85 x .4167)
Troy ounce is 31.1 grams. 3.27/31.1 = 10.5% of an ounce of gold.

As of 8/20/09, gold is about $940 an ounce. 10.5% of that is $98.70 in its most basic sense.

I believe that should be roughly its "scrap value"

Well that makes sence, as most dealer types will only give half value. Lets face it they are a business, not a charity(bills to pay, wages etc,,,)