Gold of Texas::Tips

Gold of Texas

Helping people understand how much their gold is really worth!

Learn the different weight values before hand.

There are 3 common ways used to measure gold weight.

1. Troy Oz: one troy ounce = 1.09714286 ounces.

2. Penny Weight: also shown as dwt. 1 dwt = 0.054857 oz. and 1 dwt = 0.050000 troy oz.

3. Ounces: one oz. = 0.911458333 troy ounce. and 1 dwt = 0.054857 oz

You will find it confusing, but just remember to always stick with one method when pricing your gold.

We use ounce broke down to grams when weighing. There are 28.88 grams in one ounce.

Some important things to know when determining the value of your gold.

There are as several qualities of gold, which are described as karat weights.

For example the most common karats are: 10kt, 12kt, 14kt, and sometimes 18kt. ( There are lower karat weights)

The higher quality pieces of gold are 22kt, and 24kt. 24kt is considered 999.9 pure

To determine the amount of pure gold we simply divide the karat weight by 24kt. (24kt is pure gold)

Example: 14k ÷ 24k = 0.583 in other words a little over half pure gold.