SCRAP GOLD 
Paying 98% of Spot Gold* based on these gold purity averages:
- • 40% pure on 10K
- • 57% pure on 14K
- • 74% pure on 18K
A quick note on our gold formulas:
- • Our gold formulas are based on the metal weighed on a gram scale, not a gold assay.
- • We pay 98% of Spot Gold* based on the average gold purity percentage contained in scrap gold. This means there are no fluctuations of the purity percentages of your gold, and no processing fees. For example, in a gold assay for 14K, the purity percentage can fluctuate between 53.5% and 58.5%.
- • Most 14K assays out at an average of 57% pure, so we a figure a constant 57% on your gold purity for 14K every time.
- • If you reject the offer, we will return your gold in the same condition you sent it, un-melted.
*98% is based on a minimum of $1,500 worth of diamonds. We will pay 96% if there are less than $1,500 worth of diamonds.
OUR GOLD PAYOUT FORMULAS
Here are the complete formulas* with the gold purity percentages we use to payout for scrap gold based on weighing the gold on the gram scale:
- • 8K : Spot Gold x .333 x .98 ÷ by 31.103 = price per gram
- • 9K : Spot Gold x .375 x .98 ÷ by 31.103 = price per gram
- • 10K : Spot Gold x .40 x .98 ÷ by 31.103 = price per gram
- • 12K : Spot Gold x .49 x .98 ÷ by 31.103 = price per gram
- • 14K : Spot Gold x .57 x .98 ÷ by 31.103 = price per gram
- • 16K : Spot Gold x .66 x .98 ÷ by 31.103 = price per gram
- • 18K : Spot Gold x .74 x .98 ÷ by 31.103 = price per gram
- • 20K : Spot Gold x .83 x .98 ÷ by 31.103 = price per gram
- • 21K : Spot Gold x .875 x .98 ÷ by 31.103 = price per gram
- • 22K : Spot Gold x .916 x .98 ÷ by 31.103 = price per gram
- • 24K : Spot Gold x .98 ÷ by 31.103 = price per gram
- • 900 Coins : Spot Gold x .90 x .98 ÷ by 31.103 = price per gram
*We pay 98% of spot gold based on a minimum of $1,500 worth of diamonds. We will pay 96% if there are less than $1,500 worth of diamonds.
