GOLD Value & Worth! What Pawn Shops & Jewelry Stores Don't Want You To Know

GOLD Value & Worth! What Pawn Shops & Jewelry Stores Don't Want You To Know - Buying & Selling

Рет қаралды 82,545

Жыл бұрын

If you want to know how much your gold jewelry is worth, or if you don't want to get ripped off when buying gold jewelry - WATCH THIS NOW!
In this video I break down everything you need to know about buying & selling gold jewelry but more importantly - YOU WILL LEARN HOW TO CALCULATE THE REAL VALUE OF YOUR GOLD JEWELRY!
In addition to that i give you some tips on what to look out for when buying jewelry to make sure you don't cheated out of your money or tricked into buying something that's not what it seems to be.
None of my content is advice. It is made for educational purposes only.
Sources & References:
Jewelry Composition Data
www.gold.org/about-gold/about....
Purity Chart Table
www.arjl.com/blog/2017/11/21/...
Information on Gold Plated Jewelry
www.wikihow.com/Tell-if-Gold-...
#gold #jewelry #buygold

Пікірлер: 380

@sanpedrosilver Жыл бұрын

Good, helpful info. Appreciate the vid. 👍🏼

@silver-en7kl Жыл бұрын

Thank you. Very informative video. Great job.

@pearlfeather9326 Жыл бұрын

What a comprehensive video! Thank you so much!

@battman2138 Жыл бұрын

Awesome video as always! Thank you sir.

@mv504 Жыл бұрын

Interesting and useful to know. Thank you.

@noicue8078 Жыл бұрын

Great video and great information. I was a screenshoting away! Thank you! 👍

@andrewridewood614 Жыл бұрын

Another great video, thank you for sharing your knowledge.

@jbgant8513 Жыл бұрын

Excellent video, I did screenshot all the information. Thanks

@Vmarigold Жыл бұрын

Very informative video. Thank you 👍

@bob.from.accounting Жыл бұрын

Thank you. This was very helpful. I like your videos.

@dc9291 Жыл бұрын

I learned a lot - THANK YOU

@szybkieiproste Жыл бұрын

Great video as always!!

@kencos8194 Жыл бұрын

Great video. Very informative. I wondered about this for a long time but never bothered to delve into it. Thanks for the information.

@therecanbeonlyonechris5019 Жыл бұрын

Don't stop B.G. You are hitting it out of the park with these videos. I've learned so much from your presentations

@gelondafranklin4856 7 ай бұрын

This content was valuable and educational. Thank you!

@frankchase9297 Жыл бұрын

I was aware of what you said, but, it was nice to see it all presented in a concise version. Thank you!

@Stax-ht9md Жыл бұрын

Great video where you again hit several areas of interest. Adjusting your buying habits is a big part of stacking... but not all changes may be welcome a year later. Which explains why I have a sterling silver sombrero.

@Garyhu408 Жыл бұрын

Very educational, thank you.

@kscoins4787 Жыл бұрын

I think you did a WONDERFUL job with this presentation. I think this is VERY valuable information that can DEFINITELY help someone not get taken advantage of. Well done sir! Stay safe and a TREMENDOUS Thanksgiving to you and your whole family!!!

@rbm8456 Жыл бұрын

Thank you for sharing,very informative! Just subscribed!

@baldguymoney5568 Жыл бұрын

Thank you!

@TheQuickSilver101 Жыл бұрын

This has a lot of great information about jewelry. I'm pretty picky about the jewelry I wear but my father inherited some and was wondering what it's worth. I'll point him at this video which should give him all the info he needs. Thank you!

@josephk6087 Жыл бұрын

Great content. Wish I had known this information years ago. It would have saved me money (currency) both buying & selling gold jewelry. Long before I started stacking.

@nicolasgilbert8850 Жыл бұрын

Love your channel. Good for the beginner. A little boring for someone with experience. Keep up the good work.

@deadlystare666 Жыл бұрын

Thank you for your research and knowledge!

@baldguymoney5568 Жыл бұрын

Cheers!

@user-oz9fs1xs9u Ай бұрын

This is great for the uninitiated, concise with good examples to calculate the melt value o unwanted jewelry. It quickly gets complicated when gemstones are set in a piece, or in a consignment situation where direct resale, or disassembly and resale are involved.

@edgarrosher3475 Жыл бұрын

Thank you , pretty good video 💯

@anthonydmorse Жыл бұрын

Very informative, excellent video...subbed! 👍

@baldguymoney5568 Жыл бұрын

Thank you Tony!

@jmaatgreen7894 4 ай бұрын

This is fantastic and so helpful. Thank you for putting this together.

@baldguymoney5568 4 ай бұрын

Glad it helped!! Have a great day.

@91aaf 4 күн бұрын

The most valuable content I've watched in a long time! thanks for sharing both buyer and seller perspectives - invaluable!

@love2rideone2 Жыл бұрын

I never get this notification glad find it but yes the information you giving is 100% accurate .

@fishsaintify 9 ай бұрын

Thanks for information it’s very helpful 👍🏻

@baldguymoney5568 9 ай бұрын

Cheers!

@wetwilly8747 Жыл бұрын

Awesome channel Bald!!!

@Nukker95 4 ай бұрын

Watched a couple of your videos on gold and silver and after this I subscribed, great content and well explained easy to understand.

@baldguymoney5568 4 ай бұрын

Awesome, thank you!

@andresjacobo1992 Жыл бұрын

Great work! Your videos always have additional helpful or interesting information that I have not seen or heard in other videos on each subject you do. That's why I subscribed.

@baldguymoney5568 Жыл бұрын

Thanks Andres. I am so happy you find my videos useful.

@sheritee7328 11 ай бұрын

Wow!!! This is the most informative video I have ever seen on gold!!! Thank you so much!!!!😀❤

@baldguymoney5568 11 ай бұрын

Glad it was helpful! Have a great Sunday!

@kita6707 2 ай бұрын

This info was, well, pure gold! Thank you. 🌟

@baldguymoney5568 2 ай бұрын

Cheers!

@thefireman285 Жыл бұрын

Excellent! Thank you.

@Tacome99 Жыл бұрын

Thank you very helpful.

@alexinanalogue2645 Жыл бұрын

So happy to see this channel's strong growth, keep up the great content 👏

@baldguymoney5568 Жыл бұрын

Thank you - I am overwhelmed by how supportive people have been. I am preparing some more ambitious content for the holiday season. I hope you will enjoy it.

@tronziebit Жыл бұрын

Very valuable information, thank you for sharing.

@haunanigilpatrick-palama4993 8 ай бұрын

You are very articulate and very very informative. I had no clue😮thank you simplified the mystery. Now a fan subscriber!! Best to you.

@baldguymoney5568 8 ай бұрын

Cheers!

@jarodcrazyindian Жыл бұрын

Excellent information.

@HeritageStacking Жыл бұрын

Another great video Baldguy! Looking forward to the video your working on as well!!!! Keep up the hard work your channel is top content.

@baldguymoney5568 Жыл бұрын

Thank you Canadian Stacker - wishing you well. I hope it hasn't snowed where you are yet.

@HeritageStacking Жыл бұрын

@@baldguymoney5568 I live in Central Quebec I have had snow for 2 weeks. I do ice road trucking in the winter and in the summer I am a white water wilderness instructor. I also run some side hussles doing snow plowing in the winter and in the summer I do firewood and tree removal services. Love your content. If you drop me a email I would love to send you some pictures of the northern lights up here. They are outstanding.

@baldguymoney5568 Жыл бұрын

baldguymoneychannel@gmail.com - would love to see the pics and share them in a video. I am from Windsor, Ontario. Cheers!

@HeritageStacking Жыл бұрын

@@baldguymoney5568 really. AMAZING. I am going up to the ice road just after Christmas. I will get you some custom video and images!

@scottschroeder1511 Жыл бұрын

Great video..thanks.

@lifechanges4097 7 ай бұрын

Ok, this is the best and most informative video on Gold I've ever seen in my life!!!! You answered all the questions I had and more I didn't know I had !!! Thank you so much for your hard work and research in making this video. I will be clicking the subscribe button and watching more of your content!! 👍🏼👍🏼

@baldguymoney5568 7 ай бұрын

Cheers! Glad you liked it.

@jameswest7945 Жыл бұрын

Good video, many people don’t have any idea how to price jewelry

@Porsacha 2 ай бұрын

Thank that was informative

@RaunakSharma-kv6my Ай бұрын

very very informative video right from the basics

@baldguymoney5568 Ай бұрын

Glad you think so!

@PmSupporter Жыл бұрын

Excellent video!!

@notacvlt9726 9 ай бұрын

Nice video on how to calculate gold value! Though most jewelry stores/designers mark up their prices so high because customers are not paying only for the gold, but the labor and expertise in turning gold material into jewelry. The better the designer, usually the better quality of craftmanship too, making it expensive.

@darrenstewart1568 Жыл бұрын

Some good, very useful information in ths video. Great work bald money guy!

@baldguymoney5568 Жыл бұрын

Thank you!

@QF1106 2 ай бұрын

New subscriber, thank God i found this channel, really help me a lot

@baldguymoney5568 2 ай бұрын

Glad you enjoy it! Wishing you all the best.

@DrPlatoman Жыл бұрын

Good info… thank you

@SilverSergeant Жыл бұрын

Great video. It's easy to get caught up in the "deep" discounts some jewelers advertise. BTW, I gave my wife a gold 20 Franc coin for her Birthday. She loved it. Yes, she is a special person.

@InappropriateShorts Жыл бұрын

She knows you’re the Silver Sargent so gold is indeed very special

@MENSA.lady2 2 ай бұрын

The new KC3 Britannia would be even better but so long as she is happy OK.

@MelvinRodriguezxTNGx 4 ай бұрын

Great Guide!!!! Thank you so much! Is this method the same for silver?

@baldguymoney5568 4 ай бұрын

Basically. For 925 silver - the purity level is 92.5%.

@reneeseaton3889 4 ай бұрын

I’m so happy to find this video. My mom, bless her heart, recently passed and she loved jewelry and I am in the process of getting ready to sell it. This will keep me informed on what is going on when trying to sell it. Thank you.

@baldguymoney5568 3 ай бұрын

Glad you found the video valuable. My condolences on the loss of your mother.

@desertfairychickres4021 27 күн бұрын

🙏🙏🙏

@2006Vantage 7 ай бұрын

Great walkthrough, thank you @Bald Guy Money How do you now factor in several small pieces of diamonds in with this.

@baldguymoney5568 7 ай бұрын

I get this question a lot - sadly most buyers will not pay you for them. They will count the weight vs the gold.

@JimmyLicari Жыл бұрын

Great video! Only thing that was difficult for me to figure out the purity level of 90% gold. It's less than 18k but more than 14k. I have a few 90% Swiss gold Helvetia coins that are .1867 of a Troy ounce. I picked those up because it's a great way to add cheap fractional gold sovereigns to your stack at a lower premium. Unfortunately I've heard that the sell back price for them is only about 90% of spot because I hear there less desirable and known. But I've never sold them before (and hope that I never have to) so I'll never really know for sure until I go to sell them. Great video 👍 happy Thanksgiving

@jessescott8106 Жыл бұрын

Just subscribed. Bald Guy Money lmao. Love the name. I just got into silver and gold. I hope to learn a lot with you.

@campbellfalls7430 5 ай бұрын

Thank you so, so much for your hard work

@baldguymoney5568 5 ай бұрын

My pleasure!

@markbarnaart2381 Жыл бұрын

Good Afternoon Bald Guy cold and snowy in SW Michigan ! Have a Great Day !

@conanthelib1 3 ай бұрын

Fantastic Sir, thank you so much. 🙌🙌🙌

@baldguymoney5568 3 ай бұрын

Cheers!

@Lucius_murrius 2 ай бұрын

In my city mostly are 35% above the market value which is pretty good deal for new gold jewelry

@CoinCollectingVlog Жыл бұрын

Great tips! 🙂

@jaydemay7 Жыл бұрын

Great content! As to stackables, I concur 100%! Only widely, recognisable mints and sovereign coins!

@oledog8391 Жыл бұрын

Nothing is more recognized than 90%. SAE are way to much these days. Save on the premiums and buy a Sigma Metalytics to test your generics.

@jaynawilliams8923 Жыл бұрын

This information is worth it's weight in gold. Thanks BGM.

@baldguymoney5568 Жыл бұрын

Thanks Jayna!

@jaynawilliams8923 Жыл бұрын

@@baldguymoney5568 😁

@attilaa2065 Жыл бұрын

Great stuff Bald Guy! I personally don’t buy it or wear. But I do enjoy sitting outside the jewelry store at the mall watching young couples shop for wedding rings. The girls face is always full of excitement while the guy has a look of confusion and hesitation on his. Whenever the wife and I drive him to town, it gives me something to do while she’s looking around.

@baldguymoney5568 Жыл бұрын

People watching at the jewelry store! Always good fun - especially when they hear the price and make the face that says "that is a big number, I guess I am going to have to trust that they're not ripping me off". Sorry about Tennessee's loss. I have some more ambitious vids coming through the pipeline for the holidays. I hope you'll enjoy them.

@attilaa2065 Жыл бұрын

@@baldguymoney5568 Looking forward to the upcoming vids, never really understood how jewelry worked , thanks for the info

@spectre9065 Жыл бұрын

I need to invest in an acid testing kit for any additional gold I purchase. One time I bought a gold chain that was signified as 24k gold, and looked like 24k to an untrained eye. I brought it to a local jewelry store and had it tested, it turned out to be 22k gold. While a minor difference in value, it never hurts to be able to verify the gold's purity yourself. Edit: A food scale will suffice if you are like me who buys heavier gold jewelry.

@truthistruth4186 11 ай бұрын

An acid testing kit won't help. You'll need a gold kt scanner gun.

@harryzero1566 Жыл бұрын

For 10oz silver I buy exclusively Royal Mint bars and coins, the designs are generally excellent. The same applies for sovereigns and britannias. BYB pours excellent product, has a very recognisable hallmark and branded symbol. He also has special relationships with many mints and precious metal foundries who provide him with their latest products to showcase.

@FlexinAntman 6 ай бұрын

Wow! I just wanna say I’ve been wanting this answered for so long! Ever since I went to Bahrain I was shocked how I thought gold was so cheap yet they’re the only ones not scamming people like in the US. I’m so glad I understand now and after buying gold in Bahrain I now feel like the con artist 😂 definitely feel great I bought it

@baldguymoney5568 6 ай бұрын

Bahrain! Great spot. I’ve been a few times - nice place to hang out.

@Jwalker0075 Жыл бұрын

Good info.

@WayneRiesterer Ай бұрын

It was interesting to make up a spreadsheet and then use this to valuate gold jewellery on Marketplace and eBay. Most items were charging over 50% above real value and in one case, 224%. Great eye-opener. Thanks for the insight!

@mrdurtydawg 3 ай бұрын

I've been trying to learn as much as I can about the gold and jewelry industry and this has hands down been the most informative video I've watched since I started my research. Thank you so much for this! This is exactly what I needed. Would you happen to know where gold chains can be purchased directly from the manufacturer or wholesale?

@baldguymoney5568 3 ай бұрын

I’m humbled by your compliment. I can’t help you on buying gold straight for the manufacturer. I think buying in Dubai is the best place to buy though.

@mrdurtydawg 3 ай бұрын

@@baldguymoney5568 Thank you!

@toeveryseason6932 Жыл бұрын

Very nice video. Good information for people to know if they're thinking about selling gold jewelry. However, it's my experience that a pawn shop, coin shop, or jewelry store will not give you much more than 70% of melt. I hate to say it, but you will be sized up when you enter and you could be offered as little as 60% of melt. I've never heard of a store offering melt for jewelry. And yes, they will mark it up to what you would see in a jewelry store when buying. So yes, they do offer 50% off their retail price and still making a lot of money. Well done video...a great introductory course into selling and buying from a pawn shop.

@rico99586 9 ай бұрын

Thanks, great video. Can you give the approximate markup most wholesalers/distributors tack on to the item they are selling to the retail store, ....before the store marks it up. Thanks. I just subscribed.

@baldguymoney5568 9 ай бұрын

Many shops have their own jewelry makers - so it doesn’t always work like a regular retail environment. That’s why I really can’t say.

@dthomas4566 11 ай бұрын

This was a great video I am about to go to work for a gold bullion and coin exchange, and this was very informative and to the point 👉☝️ thanks

@baldguymoney5568 11 ай бұрын

Fingers crossed that you crush it at the new job brother!

@dthomas4566 11 ай бұрын

@@baldguymoney5568 thanks 🙏 I have a lot to catch up to, I wish you would do just a small video on the terms and proper terminology when dealing with metals and the selling, thereof.

@baldguymoney5568 11 ай бұрын

What are you looking for in particular?

@strat959 Жыл бұрын

Very useful video, BG! It's fun figuring out what your gold jewelry is worth! I went through this process recently with a small 9.5" gold chain I bought many years ago to extend the length of the chain for a pocket watch I used to carry. I have no idea what I paid for it, but it wasn't much. I was curious what it was worth. The Hallmark says "Italy" and "417" followed by an oval symbol with a line through it. Google quickly told me it was 10K. I weighed it and did the math, but I just rechecked it again today, and that little chain has a melt value of $115 now! Not that much, but it's nice to know, and apparently Italian gold jewelry carries a premium.

@baldguymoney5568 Жыл бұрын

It’s good to know where you stand to evaluate whether you want to keep something or not. Thanks for watching!!

@POP80Y.8 Жыл бұрын

Thank you Sir, A Gift from the sky,,, Buy Buy Buy Physical, Any fiat left Repeat, They cant print Silver /Gold

@George-nn8ui Жыл бұрын

Till a reset occurs it’s best to keep as insurance till a revaluation with true value since spot price is paper price.

@crochetera 9 ай бұрын

I found your channel because I was looking for info on how to sell some old gold jewelry that I have. Thank you for sharing your knowledge. I was wondering if you have a video on how to start investing in gold. Thank you

@baldguymoney5568 9 ай бұрын

Thanks for watching. Here are some helpful links: kzfaq.info/get/bejne/kLNym5Wdv5e8pXk.html kzfaq.info/get/bejne/kNyjn5pmtbHIZI0.html

@scottking4837 8 ай бұрын

Great information

@baldguymoney5568 8 ай бұрын

Glad it was helpful!

@a-kjohansson7240 Жыл бұрын

Thank you. 😊

@abdulj2k Жыл бұрын

This is so goooood thank you bro. I brought gold today and I got it for 1.51 mark up 45 grams 22 carat

@baldguymoney5568 Жыл бұрын

151% markup is a good deal! I am very glad you have this knowledge. Cheers.

@barber9586 Жыл бұрын

Fantastic.

@NIGHTHAWK. 5 ай бұрын

Thanks for this video! I've been watching vids by other obscure KZfaqrs on this exact education. Good lookin out. From a non bald guy.

@baldguymoney5568 5 ай бұрын

Thanks for watching.

@rolandacainvlog11 6 ай бұрын

Very good explanation sir

@baldguymoney5568 6 ай бұрын

Thanks.

@kmitt6172 9 ай бұрын

nice video....thanks

@A.C._Taylor Жыл бұрын

Great advice on calculating out a commodity and helping understand a market. I like to bring cash when buying at pawn shops and especially with private sales. When I make my (lowest) offer, I lay down the cash in front of them and let them count it out. There is something psychological that takes place and more often than not, they accept my initial offer.

@baldguymoney5568 Жыл бұрын

Great tip! Agreed!

@George-nn8ui Жыл бұрын

At least before the dollar takes a nosedive for sure!

@noicue8078 Жыл бұрын

It’s like a Jedi mind trick😂

@A.C._Taylor Жыл бұрын

@@noicue8078 **In my best Yoda voice:** Take my offer you will... Refuse you cannot. 😏

@mv504 Жыл бұрын

@@A.C._Taylor Mind tricks don't work on me, only money!

@joergkalisch7749 Жыл бұрын

Super basics . But judging from the comments majority did not know this so - 👍👍👍

@swkynard 4 ай бұрын

I learned so much from watching your YT video. I feel comfortable going to place a selling my gold jewelry. I know how to figure the wt. and percentage of gold. What if you have gold chains with no indication on the K on the chain?

@baldguymoney5568 3 ай бұрын

That’s very odd - it’s likely not gold.

@swkynard 3 ай бұрын

@@baldguymoney5568 thanks

@mosilver1572 Жыл бұрын

I love Bald Guy, and Backyard Bullion.

@davidm2548 Жыл бұрын

Very interesting! The current UK sovereign is essentially "rose gold" because it is 22 carat, and the silver content was dropped in (I think) 2013. Now it is gold and copper, giving it the "rose" glow and it is quite obvious when placed alongside an earlier sovereign.

@NGRevenant Жыл бұрын

I'd argue it happened long before 2013, sovereigns haven't looked right since 1985 at least

@davidm2548 Жыл бұрын

@@NGRevenant I think the silver/copper ratio varied over the years and as long as some silver was present, the coin retained its "gold" appearance (more or less). The silver was finally removed around 2012/13, making the coin 11/12 gold and 1/12 copper.

@matthewstratford177 Жыл бұрын

The rose gold appearance actually puts me off buying the sovereign, i know its desirable and recognised, i just don't like the look 😅

@monnalitta 3 ай бұрын

thank you. for me, it was very informative. Yes, I was crazy about white gold. Now it is rose gold everywhere, I like it, too. But I have yellow gold pieces of jewelry, sparkling and very alluring

@baldguymoney5568 3 ай бұрын

I love yellow gold!

@MajorityOdion-sc4zo 17 күн бұрын

I have a sparkling yellow but there's no Hallmark , what should I do

@guru77771 7 ай бұрын

Thanks!

@campriole5410 11 ай бұрын

Great video

@baldguymoney5568 11 ай бұрын

Glad you enjoyed. Have a great day!

@C5Rose3 Жыл бұрын

Thank you! Now to figure out the weight when it has gems in it.

@baldguymoney5568 Жыл бұрын

A lot places will take it at the weight with the gem but won’t pay you for the gem. The world is an ugly place.

@sueharrison8934 Ай бұрын

This was helpful to confirm that I understand what the value of the jewelry is. However I thought you were going to also cover what to expect a jewelry store to pay you for your jewelry. Or, are you saying they should pay you what the calculated value is? One other site said to expect between 50% x 90% of the current value.

@baldguymoney5568 Ай бұрын

It varies from place to place.

@HistoricMetals Жыл бұрын

There's my favorite shirt again! :)

@gentelmenschannel5028 Жыл бұрын

We need to go and steal it from him 😉

@HistoricMetals Жыл бұрын

@@gentelmenschannel5028 I'd bet I could just barter some silver for it ;)

@maxcc9161 Жыл бұрын

I was to polite to comment on that shirt... thank god bald guy over compensates on superb content

@kathrynallard1535 7 ай бұрын

Just what l needed

@baldguymoney5568 7 ай бұрын

Glad it was helpful.

@dc-ic5lj Жыл бұрын

Nothing wrong with the video. Sounds interesting. Are you doing anything on the amount of gold unmined?

@baldguymoney5568 Жыл бұрын

Not working on that right now. I am working on some big things for the Thanksgiving and Christmas though. I really want to deliver during those times.

@dc-ic5lj Жыл бұрын

@@baldguymoney5568 i was just trying to let you know i couldn’t finish the video today. Have a great evening