Precious metals are priced as $/Troy Ounce with one Troy Ounce=31.1 grams. One U.S. ounce=28 grams, so a Troy ounce is heavier than a U.S. ounce by 3.1 grams.

So what does that mean?

Let’s say you have 16 grams of 14K gold in the form of jewelry. How many Troy Ounces of gold do you actually have—since 14K gold is 55% gold content?  To calculate the answer simply multiply 16 grams x .55 which equals 8.8 grams of 24K gold (100% content) in that jewelry item. Then divide 8.8 grams by 31.1 grams (in a Troy Ounce) which comes to .28 Troy Ounces or just over a quarter Troy Ounce.

Sounds complicated, doesn’t it?

The Gold Hunter’s proprietary computer program instantly calculates this gold content figure and we actually show these figures and discuss them with you at the time of our transaction! To my knowledge we are the only gold buyers doing this for the benefit of our clients.

The Gold Hunter understands that selling gold can seem like a risky thing and that there is always the worry about whether you’ll receive the true value of your gold. Our proprietary computer program is just one of the many ways we keep our business up front and straightforward. We want you to truly understand how we calculate the value of your gold—so you know for sure you’re not being ripped off!

For example:

• 10k gold is 10/24 or 40% gold content.
• 14k gold is 14/24 or 55% gold content.
• 18k gold is 18/24 or 75% gold content.
• 22k gold is 22/24 or 91.6% gold content.

The remaining percentages of weight in the various gold karatages are alloys used to harden the gold jewelry and make it more scratch resistant. They are often added to change the color of the gold as well (i.e., copper makes rose gold; nickel makes white gold, etc.) These alloys typically include copper, brass, or nickel and have no value as they are not precious metals (like gold).