GOLD - What Pawn Shops & Jewelry Stores DON'T Want You To Know! | REAL WORTH & VALUE

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!
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GOLD - What Pawn Shops & Jewelry Stores DON'T Want You To Know!
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[@rockmeroughmineralstradesa691]

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!

[@RKTreasureCenter]

Awwww Thank you for the wonderful comment👍

[@ricardohenriquez1395]

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.

[@seanmacattram9320]

Seanmacattram

[@VinnieVega76]

@@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?

[@VinnieVega76]

@Unknown G shotta just currency exchange rates right?

[@ljbull33]

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

[@RKTreasureCenter]

Thank you for watching and your kind comment.👍

[@elm4nsuri]

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?

[@dr.brandileebunge]

@@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...

[@grayman735]

@@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..😒

[@kclund1125]

Boy ain't that the truth, thieves, liars everywhere

[@svanablak]

i am never buying ANY jewelry the same way again! dude, you just gave us THE game!

[@RKTreasureCenter]

😁👍

[@khongcolong]

This guy is 99.9% gold! Sincere and honest content. We need more of this on KZbin. Thanks!!

[@RKTreasureCenter]

I appreciate your comment. Thanks for watching.

[@LuckyCharms777]

Best comment. 👍

[@cubertmiso]

Information bandwidth is really low. Gold guide for low IQ hamsters. Rotating same obvious things over and over.

[@janetcastruita275]

💯

[@kittygonzalez2827]

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!

[@vinjanderson]

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

[@RKTreasureCenter]

Awesome....thank you😁👍

[@gordendavis3585]

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.

[@Eagle-zl4gz]

@@gordendavis3585 and that’s why it’s called gods currency

[@kelseycurtis1546]

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.

[@RKTreasureCenter]

Thank you Kelesy 😁👍

[@davidbenner2289]

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.

[@RKTreasureCenter]

Thank you for your comment and for the information👍

[@sharonharris7534]

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.

[@christhomason6845]

“Let me tell you a little about my background” Wrinkled sheet 😂

[@RKTreasureCenter]

Lol 😁

[@therealrepete]

And yet. 4 years. 3million views. 114k likes! Wrinkled sheet for the win!!!

[@Nicholasxie]

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!!! 🥰

[@RKTreasureCenter]

Glad you watched and if you sell your 24k jewelry....get the maximum amount. 😁👍

[@donaldmaxie9742]

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.

[@kaimanyu586]

@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....

[@joelspaulding5964]

Almost no jewelry is made if 24k

[@kaimanyu586]

@@joelspaulding5964 in China, almost all jewelry is made of 24k gold.

[@310katie310]

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!!

[@RKTreasureCenter]

Awesome Thank You! (replied at 1.5 speed....lol😀👍)

[@dreamer1824]

Try .50 speed. Bro sounds like Otis Campbell! Drunk as a skunk! 😂

[@random4969]

Katie 😊

[@ACV-1]

Yh I'll speed it up too

[@Grimfest14]

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.

[@RKTreasureCenter]

Great Tip!😁👍

[@juliesczesny90]

Or farsighted

[@Wings_of_foam]

Macro

[@BRISKIVLOGS]

I'm 17 could u explain

[@lindacollman9278]

Hey great tip,BUT you don't need to be old to have problems with your vision. 🤓🧐

[@davidzetterqvist8746]

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.

[@RKTreasureCenter]

True 👍

[@FlagPony]

Thank you for taking all this time to explain so many details. Great job.

[@skyelee9398]

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.

[@RKTreasureCenter]

So true👍

[@EYEH8MOSTOFYOU]

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

[@giselle1245]

SkyeLee what if you sell fake jewelry?? Will they still buy it for 100??

[@mono4on]

this videos so wholesome that my heart grew by 58.3%

[@RKTreasureCenter]

Lol....love it. 😁👍

[@tofagakilifi9535]

@@RKTreasureCenter so $70.94nz per 1 gram of 14 k at $3,790.85nz spot as of 10.22 pm 15 of June 2024?

[@makingwaves1239]

Knowing the worth of gold jewelry (the metal price) is easy. 1. First you weigh it, so you know the weight of the jewelry. 2. The next you do is to find out how many karat your piece of jewelry is. - 24 karat is th same as 999 / 1000 of gold (since Gold is a soft material, you rarely make jewelry in pure gold. The jewelry is stamped with 999. - 22 karat is 916 / 1000. The jewelry is stamped with 916 - 20 karat is 833 / 1000. The jewelry is stamped with 833 - 18 karat is 750 / 1000. The jewelry is stamped with 750 - 14 karat is 585 / 1000. The jewelry is stamped with 585 - 10 karat is 417 / 1000. The jewelry is stamped with 417 - 9 karat is 375 / 1000. The jewelry is stamped with 375 - 8 karat is 333 / 1000. The jewelry is stamped with 333 The y /x notation stands for parts of gold pr 1000. Let us say you have a jewelry weighting 25 grams, and it is stamped with 585 (or 14 karat). You then divide 25 with 1000. Then you multiply that number with 585. That gives you 14,625, which means your piece of jewelry has 14,63 grams of pure gold. 3. The next you need to find is the raw material price of gold. This price fluctates day by day. Gold is bought and sold in troy ounces, which equals 31.1035 grams. The gold price when I write this comment is 1820.60 USD. 4. The next part is to find out what this metal price equals to for your jewelry. If we take 1820.60 and divide that by 31.1035 that gives us a price pr gram of 58.5 USD. Then you multiply this price again with the amount of grams of pure gold your jewelry contains. In our example this will be 58,5 x 14.63 = 855,89 USD. The example above is what the gold in the jewelry is worth if you just melt it down and sell it. But the jewelry itself can have elements with it that increase its worth above the actual gold price. It can contain diamonds or other stones, and it can be an extraordinary piece in itself. Pawn shops will never give you what the jewelry is worth, and they will grossly underbid its actual price because they want to profit from the deal as well. So if you are not in a hurry, you will probably get a much better price by selling it through other channels.

[@RKTreasureCenter]

Very good comment. 👍

[@marksoprano007]

Thank you for this information. What spots besides pawn shops and jewelry stores is the best recommended to go to to Sell jewelry?

[@makingwaves1239]

@@marksoprano007 : ... and as a side comment. When I wrote my original comment the gold was priced to 1820 USD for one troy ounce. Now the gold price is 2716 USD for a troy ounce. It is important to know what your gold is worth ... and then research where you can get the best deal if you decide to sell your gold. Cheers.

[@marksoprano007]

@@makingwaves1239 ​​⁠ very well said, yes, I completely agree. I do know what my gold is worth in grams and current market value. I think the only problem I’m having is where to go. I see some mail in places that guarantee 90 to 98% of current spot, price of gold, but I’m a little bit leery about shipping to them. I’m trying to look around, but I don’t think a small little jewelry shop will give close to 90-98% range.

[@makingwaves1239]

@@marksoprano007 : If you are not in need for the money, I wouldn't rush it. You can try to take some nice pictures of your jewelry and try some of the online market places and see if someone values the piece itself as something they will pay extra for. You can do some research to see what similar jewelry has as their asking price. Ideally you should be able to sell your gold close to or even above current raw material price. Just remember to be careful with payment/delivery since there are a lot of scammers out there and some of their methods are quite sophisticated. Where I live in the world I also see a lot of those "mail us your gold today, and we'll pay you cash in 24 hours" type of companies. Usually they rip of old grandmothers that has some jewelry in their night stand drawer and that have no clue what their gold is actually worth. If you don't need to sell, you could even think about keeping it. In the inflationary world we are living in today, the prices of about anything will just continue rising. Back in 2004 you paid 410 USD for a troy ounce of gold. When the same troy ounce is priced over 2700 USD today, it is obvious that the dollar (and every other currency in the world) lose their value gradually over time. Anyways ... regardless of what you end up with as your choice, I just hope it works out for you. Cheers 🙂

[@jmsBungz]

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

[@RKTreasureCenter]

Hello British...Yes, 24k jewelry is nice and expensive, but makes for lousy sustainable jewelry. Thanks for watching and sharing. 👍

[@jmsBungz]

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

[@GourmetTouch]

Ya what fools people can be buying pure gold 😂

[@alaa-eldin_hamdan]

Indian jewelry is majority 22K

[@johnchrysostomou9417]

Alot of Asian people in the uk own gold jewellery for the value. Not for wearing out .

[@connie3527]

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.

[@RKTreasureCenter]

This is a very good comment A+. 😁👍

[@LaHayeSaint]

I was going to ask exactly the same question, as I saw the measured weight was for gold ring plus stone.

[@jesusjjesusj4245]

A * a CARAT GlO GlOR GOlD

[@rubik887]

Hello how many gold have scarp gold from components, computers, people buying that for cheap price per gold bar its a crap,or scam?

[@RKTreasureCenter]

@@rubik887 it takes a ton of computer components and a lot of work to get a little gold.

[@sarahrenfrow9795]

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!

[@RKTreasureCenter]

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!👍

[@malaikaal-amin2706]

@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!

[@randallmccollum418]

Most stones are really worthless to begin with so don't worry to much. Same as the gold. You paid the retailer mark up

[@jazzythequeen8875]

I sold a couple of gold rings to the pawn shop that I bought off the streets...Dang!!!!

[@annevan8836]

U r very honest person. God bless u.

[@karlagarcia1851]

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.

[@RKTreasureCenter]

Good comment thanks for watching👍

[@emeraldfox7175]

Exactly right luv!

[@richardallen503]

Same with silver

[@reynolrodriguez3590]

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.

[@ginaharrison5560]

If a magnet picks up the jewelry, it means it has IRON in it. You never want IRON in your jewelry.

[@thealchemist851]

Thanks dear .. the fact that you share this knowledge for free, shows what a golden heart you have!

[@RKTreasureCenter]

Thank you for your comment. It's very much appreciated. 👍

[@stuwyatt7135]

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.

[@RKTreasureCenter]

Very true. Thanks for watching commenting and sharing.👍

[@tomiadventures]

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.

[@stuwyatt7135]

@@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.

[@PlatinumRatio]

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!

[@stuwyatt7135]

@@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.

[@Sparkjumper59]

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

[@RKTreasureCenter]

That's so true...😁

[@asanijahbarriwentgordon1374]

Is watch consirdered a Jewlery?

[@RKTreasureCenter]

@@asanijahbarriwentgordon1374 yes it is.

[@asanijahbarriwentgordon1374]

@@RKTreasureCenter watches can Apreciate . Rolex , patek or AP factory .

[@rainbowquartz9092]

Not totally true. It depends on the piece, a well made heavy piece will sell for way more than crap from zelle

[@snarky_user]

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.

[@RKTreasureCenter]

So true👍

[@gwaaiedenshaw8310]

If you are just looking for raw material. ...... wait. Does that mean I’m undercharging?

[@pinschrunner]

Retail jewelry markup is generally 3x key.

[@lawrenceehrbar8667]

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.

[@QuantumEffectResidue]

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.

[@Bianca.rantzsch]

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.

[@joecaruso06]

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

[@aliyunko9689]

@@joecaruso06 Most people don’t plan to fail they fail to plan........

[@Gregfreemann]

​ @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.

[@tommyfisher277]

@@Gregfreemann The Morgan Stanley investment advisor, Yvonne Annette Lively? Tate was with her on a JustFin podcast, right?

[@bradsandler3526]

@@tommyfisher277 Just looked her up. Records are detailed but wouldn’t she sorta pricy for 12% m-roi?

[@lynnfarley7851]

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.

[@RKTreasureCenter]

Awesome, thanks for sharing!👍

[@dianeriegel839]

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...

[@JoseGomez-wb2kb]

Why u lying 🤣

[@dacommish23]

@@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.

[@MikeMike-nf1jy]

@@dacommish23 You took shit the wrong Way, You think your ass is kooool. Hell NAW Get A Life

[@dameanvil]

00:00 👋 Introduction to gold jewelry valuation and personal background. 01:14 💍 Example of overpaying for gold jewelry and the need for valuation knowledge. 01:54 📚 Overview of video content: tips for appraising gold jewelry. 02:58 📦 Roy's experience as a reseller and eBay seller. 03:37 💡 Importance of understanding the basics of gold and carats. 04:33 ⚖ Explanation of gold purity and carat measurement. 05:29 🔍 Tools for reading jewelry markings: jeweler's loupe, magnifying glass. 06:16 🔢 Explanation of carat markings and their significance. 07:15 🌍 Difference in gold standards across countries. 08:26 🛑 Hallmarks indicating non-solid gold (e.g., GP for gold-plated). 09:59 🧮 Introduction to simple math for determining gold purity. 11:00 📝 Equations to calculate gold purity from carat measurements. 12:55 🎨 Explanation of different gold colors and their alloys. 15:31 🔄 Transition to understanding the value of gold jewelry.

[@RKTreasureCenter]

Wow. That's a lot of work you put into this. 👍👍👍👍

[@servicefortwo3063]

Haha! I should have been doing my job of saving the world but I had to put the brakes on everything just to watch your video! You sir have mad teaching skills! Society needs more teachers like you!

[@RKTreasureCenter]

I truly appreciate you comment. Thank you.😁👍

[@scrapsteenlifeintheforks1943]

I have an older family friend who I would sell gold and silver too every now and again, he has no kids and about 3 years ago brought me in and taught me how to REALLY buy and sell jewelry.

[@RKTreasureCenter]

Sounds like he was a good friend. 👍

[@willduggan6170]

An honest man earning an honest living and educating others. Good guy!

[@RKTreasureCenter]

Thank you Will. I hope to keep educating the best I can.👍

[@pabuffa]

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.

[@RKTreasureCenter]

Try different places and take as much as you can get, or sell it online yourself.

[@ABeautifulMine]

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.

[@FishyFun57]

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.

[@beepositiveforever971]

@@FishyFun57 I'm in the UK so that's useful thanks.

[@beepositiveforever971]

@@ABeautifulMine Fabulous info thanks.

[@dilligafhellno2828]

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!

[@RKTreasureCenter]

Thank you for watching😁👍

[@Cplm92017]

@@RKTreasureCenter THANK YOU VERY MUCH💯💯💯

[@alienvampirebusterswhoyoug8257]

You already made the mistake by walking into a pawn shop or jewelry store to sell your stuff lol

[@persephone2706]

@@alienvampirebusterswhoyoug8257 Exactly.

[@mad-maxx2211]

@@alienvampirebusterswhoyoug8257 what’s a good Place to sell ?

[@josearrasola7236]

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.

[@RKTreasureCenter]

Thank you for watching and the wonderful comment. 😁👍

[@vvalasek]

Everyone that buys an engagement ring or wedding ring Should watch this before they buy

[@RKTreasureCenter]

Glad you watched and commented👍

[@9999plato]

Just buy silver bands and be done with it.

[@youtubecertified4643]

@@anorsegoddess9797 i guess you like paying more than something is worth.

[@12345674309]

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.

[@12345674309]

@@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.

[@alluniquefashion6202]

The man is so honest. The first time I enjoyed a video. He explained it so well

[@RKTreasureCenter]

Awesome Comment! Thanks for watching and the kind words👍

[@jeffreyhughes256]

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 🤣🤣🤣🤣

[@RKTreasureCenter]

Thank you for sharing such a great story of your experiences with plenty for others to read and enjoy. I agree with you.

[@thetapheonix]

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.

[@rolandnioki3102]

Thank you for the information!

[@emdee7744]

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.

[@emdee7744]

@@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.

[@junkjeniusgallery53]

A magnet is a great tool for separating base metal jewelry from silver and gold. I learned this years ago.

[@RKTreasureCenter]

😁👍

[@RMSVB]

I hit the like bottom when he started talking about: take your favorite beverage...how thoughtful. Grabbed it and now gonna watch

[@RKTreasureCenter]

So cool👍

[@anthonydouglascontares3471]

One of the best lessons of beneficial knowledge I've seen in a while ; interesting and looking forward to watching more related videos.

[@RKTreasureCenter]

Thank you Anthony for watching and leaving a comment.😁👍

[@davomontgomeryda3rd]

In a pinch you could also use your smart phone’s camera to magnify the tiny markings on the jewelry... most smartphones have a built in “macro” lens/mode for taking close up photos. You can either hold the phone camera over the markings & read the markings from your screen... or if it’s difficult to hold the camera steady, instead take a quick photo and then use the two finger screen spread/ pinch to zoom in/ out on the photo you took to magnify the markings.

[@RKTreasureCenter]

Very true. Good info👍

[@sleepyclayton]

there's lots of youtuber outside sharing information but i can tell he's a genuinely nice just from watching this 1 video. subscribed

[@RKTreasureCenter]

I appreciate you comment. Thanks for watching 👍

[@codyfreddy9275]

Stopped at 3:30 good video for a beginner i feel like this is me telling my friends and family over n over again all the info on precious metals& coins etc..

[@RKTreasureCenter]

You got this!

[@AcidManProductions313]

This video literally is like GOLD itself, 🤔💪💪🤯

[@RKTreasureCenter]

Thank you for your comment👍

[@dr.brandileebunge]

I so agree 👍

[@rhum8455]

Great video thank you for educating us

[@LeonOfficialuk]

😂😂😂😂😂😂👌🏾

[@Koogz406]

Word

[@larslutton2925]

truly informative, been selling gold for awhile. I'd like to find a buyer who pays 'spot' the best we've seen is @75% or just a little higher. My greatest revelation was how little diamonds are actually worth, our buyer routinely sells 1 oz bags of small cut diamonds for 80 bucks!

[@RKTreasureCenter]

Thanks for sharing. I sell on ebay and get spot value of gold 99% of the time. 👍

[@Sorchia56]

I’m so pleased I found you!!! You are brilliant at explaining it all and a hoot as well. My Gramps taught me about gold, silver and all the gems 💎 ratings, numbers, letters, etc. when I was a wee lass. No, he wasn’t a jeweller. He, along with my Da, invested well. I was investing, through them, by the age of 10. It’s astonishing to me how overpriced jewellery is in shops let alone people pay that price!! If you know the true value, you can spend properly.

[@RKTreasureCenter]

Thanks for watching and sharing your comment. 👍

[@mturner2584]

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.

[@RKTreasureCenter]

Thank you. 👍

[@zachh2776]

Thanks for your honesty bud. Great video. I dont know if you agree, but someone once told me that you should take out any gemstones before you try to sell them for scrap because some shops try to estimate the weight of the stones and rip you off by lowering the gold weight all by assumption. He told me to have the stones in a seperate container and askk if they would be interested in the stones as well, separately. Thanks again!!

[@RKTreasureCenter]

Most gemstones are not worth much including most diamonds. You can remove them and sell the gold as scrap and then find someone interested in the gems. It can be a good way to increase your profits. Just a side note. A 1ct. Diamond weighs .002 grams so the math is pretty easy to figure if your worried about selling a ring with a gemstone pr diamond. Hope this helped and thanks for watching.👍

[@zachh2776]

Awesome. Extremely helpful info there bud.. Thank you.

[@OG_Beckie_Leigh]

@@RKTreasureCenter Thank you for responding to Zach’s comment. I was hoping the issue of how the weight of the stones might affect the weight of the piece of jewelry would be cleared up for me somewhere in the comments. So, basically, unless you know for certain that you have a high grade gemstone set in your gold piece, it isn’t really worth the effort of removing the stones from the piece. Correct? Also, another big thanks for consolidating all of this information into “cheat sheet” form. I know that the information is readily available to anyone who wants to take the time to research it. However, most people - myself included - don’t want to do the digging for it. We just want the facts that we need, and that’s exactly what you provided, sir. Your effort is much appreciated! ✌🏼💜🛼

[@philw8704]

Interesting video and good information. Don’t know which is the worst cheat, the pawn shop not including the stone value or the original store which charges 3,000 percent more than what the gold was worth.

[@RKTreasureCenter]

So true. Thanks for watching.👍

[@jamesbizs]

Why would they include the stone value?

[@stackingbarz]

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. 🙏

[@RKTreasureCenter]

Thank you for watching and commenting.. 👍

[@yateleyhypnotherapy2111]

Oh, btw, wonderful video. Absolutely loved it. I wish you could give some hints about unhallmarked gold. There’s a lot of it around too, as so many people remelt their jewelry. My mother did that constantly. So don’t necessarily throw away unhallmarked pieces!

[@RKTreasureCenter]

Good sharable information. Thanks for watching. 👍

[@PlatinumRatio]

I've never seen non-hallmarked jewellery that isn't junk metal and I've seen a lot that is fake... and I've seen 100,000 pieces go through gold buyers. It's a shock to discover how much cheating goes on with cheap sellers and 2nd hand sellers are worse. A lot of shady characters are attracted to easy money, whereas established jewellers will never chance it - not once in their whole career.

[@timduvall8482]

Best thing to do is get a jewelry acid testing kit and learn hot to scratch test the gold. I have had some pieces that were stamped 14k that were more like 8k

[@georgeecheveste6545]

This was a VERY informative video. So much information that it confused me many times. Fortunately, I just replayed that part. It does a great job teaching us about GOLD.

[@RKTreasureCenter]

Awesome glad you watched George😁👍

[@Cindy-qe5rw]

I’m only half way through this video right now and I’m mesmerized! Thank you so much for sharing your knowledge.

[@RKTreasureCenter]

Thank you Cindy😁👍

[@AV4U2]

math correction around 13 min 25 sec when calculating karat value from a 3 number stamp (625 = 62.5%) : 625 divided by 1000, then multiplied by 24 = karat value. So, (625/1000)*24 = 0.625 * 24 = 15 karat. Awesome video, the most precious video on KZbin! lol Thank you RK, you ROCK! Price of gold today hovers around $2750 a troy ounce (Oct 2024). Cheers!

[@RKTreasureCenter]

@@AV4U2 Thank you. So glad you watched. I appreciate your comment. 😁👍

[@uspockdad6429]

One hallmark you forgot to mention is GF (gold filled). It has more gold in it than GP and a bit more that RGP, but it is still not pure gold. And since the gold is thicker, it can show as gold with testing kits. This is a fantastic video though. Wish I would’ve seen this when I first started buying and selling gold 5 years ago. A lot of learning along the way, and you’ve covered 90% of what I learned along the way.

[@RKTreasureCenter]

Thanks for sharing your information, and glad you watched the video.😁👍

[@uspockdad6429]

@@RKTreasureCenter thank you for sharing this info with everyone. I’ve been watching your other videos as well. You’ve earned a subscriber. :)

[@RKTreasureCenter]

@@uspockdad6429 thank you and hello👍

[@buggsy5]

You can calculate the amount of gold in a GF item. The piece will have a mark - usually 10K20 or 12K20. The 10K or 12K indicates the purity of the gold and the 20 indicates that 1/20th of the weight is karat gold. 1/20th is 5%. If the piece is 12K, then the gold itself is 50%. So the gold content by weight of 12K20 is 50% of 5% or 2.5%. For 10K20, the gold content by weight is 2.1%. So, say you have 1 Toz of 10K20 GF jewelry and are wondering what the spot value is. If spot is $1600 Toz, then that ounce of GF jewelry contains .021 Toz of pure gold - with a spot value of $33.60. Many buyers, and few refiners, will even accept the GF items - unless possibly it is a very large lot.

[@StephanieSoressi]

I lay my bet on RK being a good guy who isn't trying to fool us with pyrite (see what I did there?) The man is simply sharing what he finds interesting & useful, giving what it is he has to give the world. It's what one does. If he ends up growing his channel to the point of financial gain, I tip my hat to him, because that's not easy (95% fail) -- and it's all the more reason to give him a listen. So why would I lay my bet that RK isn't just working the crowd? Because ironing isn't part of his stage design. All that glitters isn't gold. But a person that doesn't bother flinging glitter everywhere just might be.

[@RKTreasureCenter]

Thank you Stephanie for the kindness. I do try my best to help and teach. ( I do have to learn to iron 😁) I believe in "paying it forward"....everyone should be successful and have the knowledge to make great decisions. Thank you for watching and leaving a wonderful comment.😁👍

[@domingodeanda233]

I was always curious about Gold jewelry. It is unreal (to me) as of why people spend so much money on jewelry, I don't dig it. That was pretty damn good, thanks

[@RKTreasureCenter]

Glad you watched. Thanks for commenting👍

[@JohnJohn-zz9qt]

OMG 😲🤯 😣 😫☠🤦‍♂️ KILL 🔫 ME NO MORE TAKING 😭

[@fa9183]

To sell?

[@wildestcowboy2668]

Ole Roy is a good one, I watched this video 13 times while checking all our gold.

[@RKTreasureCenter]

Hope you have some good pieces. Thanks for watching 👍

[@zarinekhan4410]

This guy has a heart of GOLD. Thankyou so much for sharing such valuable piece of information.

[@RKTreasureCenter]

Thank you very much.👍

[@chrismalcomson7640]

Gold is almost always sold for scrap value. The money is in a small percentage of the scrap for the dealer and any intrinsic value if its something collectable... Most jewellrey is a con, you only find out when you cash it in.. Your better off taking your gold and your design to a jewellrey maker and have them make it out of your own scrap gold..

[@RKTreasureCenter]

That's a good comment.👍

[@amwinters]

Brilliant wisdom spoken n shared! Good credit coming to you sir

[@karaloca]

I wouldn’t say con exactly, someone has to produce it. So you’re paying for the artistry in making the jewellery. Of course there is bad design and great design, jewellery is subjective, like any art form. Of course the gold on its own isn’t worth as much, that’s would be simple common sense. It’s not a con, It’s just in most cases they don’t want the art, just the raw material.

[@chrismalcomson7640]

@@karaloca A con in the sense your led to believe precious metal is worth more than it is. I'm a great supporter of all craftspeople as I'm one myself. You only have to do a bit of research into mass produced jewellrey to see most of it has little artistic merit. Remember Gerald Ratner famously telling his shareholders the stuff he sold was cheap crap.. When I've bought jewellrey for my wife I've always had it made rather than buying it off the shelf...

[@dookiestain2086]

Prolly kuz they sell it to the techs that use it for corcuit boards

[@elvinaescobar]

Thank-you Roy, great explanation, i always though a Troy ounce was the same as an ounce. 28 grams makes 1 ounce of weed, I've always known that. :)

[@RKTreasureCenter]

Glad you watched!😁👍

[@donniebrasco4276]

Awesome video! Thank you for your years of knowledge. I can no longer get taken advantage of by dishonest folks.

[@joshuawilliams71]

The gold salesman face, when they see this man, pull out those foldable tools out his pocket.

[@RKTreasureCenter]

Lol😁

[@chuysontest4425]

My parents and I have been going to the same gold store since I was 8 years old, I’m 31 now, my parents taught me to always buy heavy gold pieces, Miami Cuban bracelets, chains , with NO diamonds, and to this day I have my 100 gram 10k Cuban bracelet, I bought it for 3 grand, now it’s worth 5500, my parent’s always said, “you never know when you’re gonna need money, in a bind” people who buy big hollow pieces, it’s just paper weight, they’ll laugh you out the pawn shop, I became friends with the manager of KAY jewelry store, he told me he would sell my bracelet at his store for 13 grand, he showed me one of his stores bracelets, it must of weighed 45-60 grams, I asked him how much is the price, he said $7500, I asked him how much does it weigh? , he said “oh we don’t weigh our stuff” I told him, “how do you come up with the price?” He said people in higher command decide, and everything is 10k gold unless you ask for 14k, he said that’s how they can afford to do Valentine’s Day specials and Christmas 40-60% off, cause either way they have prices so high they make profit and need 3 months store rent ,

[@RKTreasureCenter]

Interesting story...Thank you for sharing 😁👍

[@silvertrain4209]

I'd rather buy bullion.. Bars and coins.. Why stack jewelry? The mark up is insane on jewelry.. It can't compete with bullion.. You sound like you collect jewelry as some form of savings and don't know bullion exist.. 9999 bullion gold or silver much cheaper than any necklace or bracelet of the same weight.. I looked at Cuban chains.. Calculated the value according to weight.. 6 ounce silver chain was $600... I can get 20 ounces of pure 999 silver for $600... That's two 10 ounce bars.. Gold works the same way..

[@JamesJohnson-pz8pu]

Great question! I'm a gold enthusiast myself, but I appreciate the beauty of fine jewellery. Here's my take: You can wear and enjoy jewellery, but bullion is primarily for investment. With gold prices having nearly doubled in the past decade, and jewellers typically marking up their pieces by 20-35%, you could potentially buy a £1000 chain now, and even if it takes 5 years to regain its purchase price in the resale market, you've still had the pleasure of wearing it during that time.

[@Spark_Iskra_z_Polski]

Great sense of humour. Great teaching skills. Great content. Greetings from Poland 🇵🇱

[@RKTreasureCenter]

Thank you for watching!😁👍

[@Sutterjack]

Very informative - I always assumed 14k was 50% gold and 18k was 75% gold. I don't quite understand how you concluded that a pawn shop is going to give you full melt value for gold jewelry - they don't. I find you will usually get a offer of 70-75% of the melt value. Jewelers and pawn shops are in business to make a profit - not break even. That said I would expect, and not settle for less, to get full spot for 24k bars and coins.

[@RKTreasureCenter]

I was explaining what most people don't realize and that's melt value or less as you stated. Thanks for watching.

[@Sutterjack]

@@RKTreasureCenter Believe me, the information you give is excellent and exhaustive! I just was stunned when I went to sell my late mother-in-laws 18k gold (over $10.000 dollars worth) the wild price range I was offered. Let the seller beware! One mall "we buy your gold" place offered me less than half of melt! Made me angry that they clearly would take advantage of people's ignorance of gold value basics.

[@PatrickGriffithCUP1986]

That's why you find a gold buyer. There one right around where you live. They pay full spot price on the spot. They're in it for profit, too. But they're not retailers.

[@jamesbizs]

@@PatrickGriffithCUP1986 what profit is there in buying gold at the exact price that is worth

[@cynthiaa8641]

I had no idea! Learned a lot about gold watching this, Roy! Thanks for sharing your knowledge. Take care!

[@RKTreasureCenter]

I'm glad the video was informative enough that you enjoyed it.😁👍

[@franklinstephen3268]

Hello dear how are you doing?

[@realSamAndrew]

I have a few observations and probably others had the same ones, but here goes: 1. Why wouldn't the pawn shop give you the diamond value? Isn't that worth more than gold in most cases? 2. When weighing, how do you account for the non-gold parts without removing them? 3. If you calculate everything right and base it on the posted daily price of gold, don't the pawn shops actually take a retail discount? They don't buy from you at full price, right?

[@RKTreasureCenter]

Most Diamonds truly do not have much resale value. Any diamond 1ct or higher may have some and many own ships pay about 10 dollars per carat if your lucky to find one of those places. Second a diamond and most gemstones weigh about .01g per carat so it's easy to subtract the weight when weighing. Usually places don't try to separate metals to find gold content if the item is not marked. They can do a test to let them know the percentage of gold content. Also each pawn shop operates differently, but none will pay spot value for gold. I sell my gold on ebay to get spot value or higher. I hope this answers some questions.😁

[@abigailfolowoshele3527]

@@RKTreasureCenter what’s your name on eBay?

[@OnlyOneTruth25]

This is an excellent video! Straight forward, to the point and easy to understand! Could you do one on silver as well? That would be great!

[@RKTreasureCenter]

Yes a silver video is in the works.

[@MENSA.lady2]

For a beginner in this area I suggest you buy a jewelry scale. You can get one that will weigh from 0 to 100 grams to an accuracy of +/- 0.01 grams for less than £10. Maybe even cheaper where you live.

[@RKTreasureCenter]

Great suggestion. 👍

[@sherrijohnson3399]

Roy, this video was awesome 😃👍🌟🌟 I learned so much and I appreciate the tests and mild graphics. You made it very simple and easy in purchasing, valuing, examining and selling gold jewelry. Thank you so much😊👍 And you were funny too😄😄😄😄

[@RKTreasureCenter]

Thank you so much👍

[@mrtom5201]

Thank you for all the precious information you gave us with your knowledge and experience you were able to explain everything clearly. I subscribed and liked the video channel. I hope you can continue uploading more great videos like this.

[@RKTreasureCenter]

Thank you and welcome. I appriciate your comment.😁👍

[@MaJiKe]

Thanks for the 411 today (essential information) Roy. You have not a clue how much you have helped me out tonight for sure. Better late than never is what my Grandma used to say. Unbelievable the amount of dishonest people in the world today. Thankful for the very few still in this world like you. Honest, informative, interesting teachers just like you. What is it you ask this poetry's eluding too? Basically my way of expressing heartfelt gratitude. Very rare today to find a human who's true blue. Hope all happiness and love will find its way to you.

[@RKTreasureCenter]

Thank you Marilyn for the kind words. I'm glad the video was informative. 😁👍

[@masterblaydemusic7803]

Hi 👋 welcome masterblayde good life promoiton to the world 🌎 music🌅🌅🤎🍇💝💝🇯🇲🇯🇲🇯🇲🌄🌠

[@nikkis7826]

i was literally just looking at your ebay store last week. great prices. i wasnt able tp purchase anything at the time but i was watching alot of it. thank you for the video! :) i love jewelry. im a mom of three and a jewelry collector. love gold and silver. designer made jewelry. or jewelry with history.

[@RKTreasureCenter]

Awesome thanks for looking.

[@cjlittle88]

This video is a gem itself! Thank you for the lesson.

[@RKTreasureCenter]

So glad you enjoyed it 😁👍

[@RelaxingVibes202]

This vieo is worth Gold.Thank you Roy.

[@poochesworld]

Thank you for the explanation, you are so generous. And you are hilarious, I enjoy listening to you from beginning to the end of the video. :-)

[@RKTreasureCenter]

Thank you ver much😁👍

[@areciosios-e7532]

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 ❤️

[@RKTreasureCenter]

Thank you for watching and for your comment.😁👍

[@richardmartinez2973]

@@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?

[@yasminguler3865]

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.

[@nathanielgray6221]

​@@yasminguler3865You are right!!. Considering the continuous devaluation of the usd.. buying and storing gold is the only way out of this tragedy

[@cristianolopez9272]

@@yasminguler3865 How can i get started on investing in gold, i need proper guidance on how to get started.

[@marianmoses9604]

Insider tip: I have found that coin dealers and gold jewelry buyers at numismatic coin shows tend to pay the highest percentages of spot - about 93%to 97%. I think this is due to the fact that at a major coin show gold buyers are all competing with one another on the bourse floor to purchase your gold. When you can just walk ten feet to seek a better offer it’s amazing how close to spot some of these buyers can go!

[@RKTreasureCenter]

Good info. 👍 Thanks for sharing.

[@dianetodd9719]

Thank you so very much for the information!! I happened to come across some beautiful old Gold and stone jewelry ( hidden in a house that my friend and I bought) brought it to the pawn shop and they wanted to buy it and was in a hurry to buy it all for 300.00 !! So I thanked them and felt like there was more to them than trying to help me!!!! So now I will deep into search to sell it myself with out being taken!!! So glad I came across your video!!!

[@RKTreasureCenter]

Good luck to you and make a bundle👍

[@mondob2867]

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!

[@RKTreasureCenter]

Thank you Mondo 👍

[@TJ-mu6ud]

Great and creative video, Roy! Thank you for breaking down a complex concept to a level we simpletons can understand!😉

[@RKTreasureCenter]

Well thank you Denise, but we are all simpletons in one fashion or another. Thank you for being supportive!!😁👍

[@sagarverma6901]

💖💖💖💖💖 i don't have words. brother, you give me treasure of the gold industry that i am looking for a long time. Big Thanks from Canada

[@RKTreasureCenter]

Awesome Glad you watched and enjoyed 👍

[@markoutlaw35]

When you got something good you hold onto it, I appreciate RK treasure Center. I love wearing jewelry, and I like to know the quality and the quantity of the product that I buy thanks RK !

[@RKTreasureCenter]

Thank you Mark👍

[@thyslop1737]

Watched A LOT of KZbin videos over the years, but this is A FIRST. A BED SHEET, NOT EVEN IRONED, FOR A BACKDROP.

[@RKTreasureCenter]

I know...it was an impromptu video...😁👍

[@Usatorok]

I love it. Brings a sense of timelessness and added value. As if my dad or gpa was giving me advice instead of a KZbin 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.

[@roxannareneerantz638]

@@Usatorok that would be so awesome!

[@juliebarnett9812]

Low budget, man.

[@savantianprince]

You are a true educator of precious metals. What a gem of information. Thank you.

[@RKTreasureCenter]

So happy you enjoyed watching😁👍

[@m.rogers5846]

Question for Roy: I really appreciate the education regarding gold value. What should a person do with the gemstones? It sounds as if they are just a gift to a pawnshop since they don't want to pay for it (well, the total weight includes the stone). Should I remove the stones and sell them separately? I see jewelry for sale in pawn shops and I always assumed they want the jewelry intact, but if they're only willing to pay for the gold, why not remove the gems? Any insight you could provide would be appreciated by me, but everyone else would benefit as well.

[@RKTreasureCenter]

Thanks for the question. Most gemstones are not worth it to remove unless you have a bunch. If the gem is a precious diamond then I would have it appraised, but only if it is over 1 carat. Otherwise not worth the appraisal fee or removal. Talk to the several jewelry buyers to find out how they pay for diamonds. Some do and some say they do but don't. 👍

[@m.rogers5846]

@@RKTreasureCenter Thanks so much for your reply. Hope you have a great holiday. I will be catching up on your channel.

[@trishaporte]

@@RKTreasureCenterSame thing I was told by a jewelry store. Unless it’s a K or more. It’s not worth it to them to remove them so they can “resell” them.

[@RKTreasureCenter]

I would only have them removed if they are 1 carat or larger. Other than that it's probably not worth it. Talk to whoever you selling the ring to if they pay for the stones. The real truth is diamonds for instance, truly are not rare anymore....they are everywhere and everyone has them. It's all about marketing. Unless they are unique or large there is much resale value.

[@HeatherMizzell]

Sometimes I remove the stones depending what they are sometimes they are not worth the trouble I have found different people that will buy the stones in the 65 plus years I have been buying and I have sold many stones at the various flee markets you will discover different places as time goes on but this video is a very good one to watch he is very informative

[@olivertaylor8788]

Excellent lesson ..thank you for your honesty,and taking the time to share your knowledge.

[@RKTreasureCenter]

Thank you Oliver👍

[@packratswhatif.3990]

See, I really can learn something new every day ....... and that just happens to be that I am poor. But it really was a good info vid !

[@RKTreasureCenter]

So glad you watched and enjoyed!👍

[@thrillerdotta7076]

You not poor you pure at heart tht just don’t finesse folks it will come if you ask for it then put in the work when it comes 🏁🏁🏁

[@TheNurseFlipper]

Very informative Roy. Might have to watch it a few times to understand lol 😆

[@RKTreasureCenter]

Yes there is good information in this. Thank you Kat for your support. 😁👍

[@lh98]

I had a situation with a jeweler friend and this video has raised questions inside me. I have a 24k necklace that’s stamped .999 I bought in like 1999 at an Asian gold store because many of my Asian friends had these pure gold jewelry. I have a small digital scale and it weighs out at 67.7 grams. At 1700 a Troy ounce wouldn’t that be 3,696.42? A jewelry store owner I know tried to tell me it was worth something like 2,500 (it’s been years) and that I was “weighing it wrong, you have to go by pennyweight”. I refused to sell it that day because when gold was crazy high a gold stand at the mall looked at mine and said he’d give me 4k for it or I could take it to the refinery myself and get about 4,400 (apparently 10% is their margin for doing that) I told the jeweler I know that story and he said no way. Your calculation process based on 1700 a Troy ounce means 3,696.42 and back then gold was 1800-1900 a Troy ounce so I think your math is right and this jeweler friend wasn’t being much of a friend or is confused himself. Can’t see how because he has a business and lots f money. Old Jewish guy. Is he ripping ppl off??

[@RKTreasureCenter]

Pennyweight is a old way that is used today. If done correctly it will still work. This being said many gold buyers use pennyweight to make people think that they are getting the best deal when it's usually not the case. Thanks for watching. 👍

[@keithkelso9872]

Jews rip people off…it’s what they do

[@netanelostrov3425]

If you’re still looking to sell it, I’d love to buy a chain like that:)

[@HeatherMizzell]

Let’s say it is actually .999 you are right but a pawn will usually pay .65percent they are in business to make money you can’t expect them to pay you 100 percent if you want to get closer to what is worth try selling it to someone that would like a nice peice

[@lh98]

@@HeatherMizzell gold is going pretty high right now when I checked on the kitco scrap it app today it tells me it’s worth 5,786 now! Glad I never sold it. It’s def .999 gold it’s heavy and that stamp is clear as day. I’ve bitten it and it’s soft to a degree which tells me it’s pure .999 plus the Asian gold store made me an offer on it long ago too. She’s real. The question is how high will gold go??

[@sallymay3643]

Thanks 4 breaking that down i learned some good stuff & understood enough 2 know what I'm buying. GOD bless U.

[@RKTreasureCenter]

Awesome thanks for watching and commenting👍

[@Joseph-w3m9f]

The first rule. Know Gold.. Gold is real money.. Thanks for the info..

[@RKTreasureCenter]

Thanks for watching and commenting👍

[@rexrocker1268]

Retail is so overpriced... I payed a lot of an engagement ring, things didn’t work out with her. Now I have a ring and diamonds that I will be lucky as heck to get half what I paid. I knew resale was garbage, but dang... It’s just overpriced to begin with, I never would have expected to get what I paid for, but I’m scared to even see what I can get in return. Oh well, lesson learned.

[@RKTreasureCenter]

Find a diamond dealer and see what the would give you. That might offset the gold price some.👍

[@rexrocker1268]

@@RKTreasureCenter Thanks!

[@GuitarPimp01]

What I'm going to say will absolutely shock and anger you .. The diamond market is controlled and regulated by one corporation behind this worldwide scam.. Diamonds are not (rare) precious stones.. And have no intrinsic value.. You can begin your search right here on KZbin for endless content and documents exposing the truth.. take care God bless..

[@mrbriceno3949]

Just keep it for the next broad

[@karlagarcia1851]

Msg me I might buy it from you =)

[@FlagPony]

I’m giving you a thumbs up just for showing the periodic table for gold!

[@RKTreasureCenter]

@@FlagPony 😁👍

[@nicolesummers8139]

Thank you for this video it is the most informative video I found on KZbin in regards to determining value on your jewelry at home. You explained it very simply thank you again I have a question though how come when you would go to sell the ring at the pawn shop would you not get anything towards the diamonds?

[@RKTreasureCenter]

Some pawn and jewelry store will, but most will not. They are only paying for the weight of the gold. If the rings are old and worn, they will buy it and resell it or knock out the stones and sell them separately while scraping the gold.👍

[@dustinmills3785]

"Why don't people know the value of their jewelry, well the reason is, they just don't know" Thanks for that brilliant answer.

[@RKTreasureCenter]

Thank you. Glad you watched.😁👍

[@VinnieVega76]

Thank you for passing on your knowledge, so when you walk into a store to sell your old jewelry you already know the value of it and if the appraisal value comes below what you know it to be plus or minus a few bucks, then you know you're in an honest place. Otherwise say thanks, I know you're trying to rip me off I'll go elsewhere. Thanks for the video, I'm definitely going to get those numbers, because my mother wants to sell her jewelry and I want to know what it's worth

[@RKTreasureCenter]

I hope you get good money for them.👍

[@billwashington2014]

Thanks Roy! Ever since I learned the true value of gold, silver and copper, my attitude towards these metals also changed my views towards what is constitutional money. Jewelry made of these same 3 metals are the same as money in my opinion. Gold, silver and copper coins and jewelry are timeless and will always have value. Thank you for sharing your knowledge and wisdom regarding gold jewelry.

[@RKTreasureCenter]

Glad you watched and enjoyed the content.

[@nigelfletcher9231]

Great information Roy,appreciate the insights when looking for gold jewellery

[@RKTreasureCenter]

Thank you Nigel👍

[@dolphingirlcali]

Roy, I wanted to thank you so much for this wonderful video. It was clear & easy to understand. I can now sell some of my gold jewelry with some educated confidence that I won't be ripped off again.

[@RKTreasureCenter]

Glad you watched.....thank you.👍

[@Jackyorba7680]

Very educated video thank you for taking the time to teach the commen folk the value of gold .

[@roeskilove5292]

Thank you Roy! I learned this from the video. Buying jewelry retail is nuts. Sell your Diamond separately from your gold. Never sell to a pawn shop. Never buy from a pawn shop. Never enter a pawn shop or a we buy gold outlet. The Mark up on gold is 2000% Mark down is 20%. Just like cars lose value when you drive off from the dealership, so does gold when you sell it. Gold may even be worse. It’s value is already determined by a standard price. At least a car will get me from point A to point B. When he said the stone inside (perhaps it’s a 2 caret flawless diamond) has nothing to do with the value of the gold, therefore not included and a jeweler might offer you $50 dollars for it. Right then and there I said to myself. THEY’RE ALL CROOKS! Thanks for the warning Roy!

[@RKTreasureCenter]

You nailed it. Thank you, I appreciate you watching and sharing your thoughts in your comment. 😁👍

[@user-pe2di7mj2p]

Dm for more information

[@myles3605]

Respectfully speaking, there’s a lot of false statements here......buying, you can get great deals at pawn shops, retail is horrible......and selling, there’s a lot of competition, some pawn shops will pay up to %90 of spot price before losing the deal completely ....there is also no %2000 mark up on gold ANYWHERE, pawn shop or retail....

[@roeskilove5292]

@@myles3605 Sarcasm and false statements are two different things. We’re being sarcastic to the industry as a whole. It’s obvious that you’re connected to the industry somehow because your defending the crooks. lol

[@myles3605]

@@roeskilove5292 what crooks are you referring to?

[@amandapittar9398]

Mmm. My first husband thought engagement rings were very middle class. As we were poor students at the time and young ( and I was in love =stupid) I compromised and said that I would be happy with just a wedding ring. We went to choose one. I tried several, the one I loved was an 18k plain band. We put it aside, he was going to go back and buy it later. Come the wedding, it goes on my finger. At the reception he whispers in my ear, “ never take it off” how romantic I thought…. Yup. Two years later, he turned out to be manipulative & abusive. Surprise! I lost a lot of weight. One day, washing dishes my ring fell off. I rummaged about in dishwater, picked it up, dried it and there on the inside, NO inscription as promised and 9k. That’s what finally made my mind up. He’d been lying from the start. Be warned.

[@RKTreasureCenter]

Ohhhh that's terrible. I don't even have the true words to say. Thank you for sharing.