14K Gold Price Today
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The 14K Gold Price table above provides the current, live-updating 14K Gold Price, including the price per ounce, troy ounce, and kilogram.
What Is the Price of 14K Gold?
The price of 14K gold relies heavily on two factors: the weight of the piece and the current market value (spot price) of gold. The global spot price of 24K gold serves as the measure against which all gold sales are based.
Since 14K is only 58.5 percent pure, its melt value is lower than the spot price. To find the value of 14K gold, you multiply the current spot price per gram by 0.585. The resulting number is the melt value of 14K gold by gram, and the foundation for every offer a buyer makes.
Gold trades around the clock, with prices changing throughout the day. Any current value should be based on the live spot price. For this reason, 14K gold calculators based on live numbers, as well as live-updating tickers, are helpful. They provide the most up-to-date numbers so sellers know what their gold is worth before entertaining offers.
When selling gold jewelry such as chains, rings, bracelets, and earrings, people often check the 14K price per gram to gauge the value of their pieces. This value, called the “melt value,” provides a baseline, but it is not the amount any buyer will pay. It simply indicates the value of the gold in a piece based on its purity and weight.
14K Gold Melt Price
The melt price of 14K gold is the value of the gold alone, assuming the piece is melted down and refined. It reflects only the precious metal content, not stones, design, or craftsmanship.
Melt value is helpful because it gives a baseline for what a gold item is actually worth as raw material. Every buyer, whether at a pawn shop or online, references this number when creating an offer. It’s important to understand that the melt value is just a starting point; buyers will only pay a percentage of that price. The business must cover refining and processing costs, so it factors them into its offers.
Next, learn how to calculate the melt value of any 14K gold item using its weight, purity, and the live price of gold.
How to calculate 14K gold price
To determine gold’s value, three pieces of information are necessary: its purity, weight, and the spot price of gold. Using these numbers together, anyone can determine the value of the pure gold in an item.
Because 14K gold is 58.5 percent pure, only that percentage of the total weight counts as actual gold. Sellers can use ounces or grams to determine weight, but since 14K gold items are typically jewelry, grams make the most sense.
Here is the calculation:
Purity x weight x spot price = melt value
Let’s use a 14K gold chain weighing 10 grams, with gold priced at $130 per gram, and plug those numbers in:
10 x 0.585 x $130 = $760.50
This gold chain’s melt value is $760.50. Now the seller knows what they have and can go into negotiations prepared.
For those who don’t want to do the math, use this 14K Gold Calculator.
14K Gold Calculator
Current Market Value:
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Average Pawn Shop Offer:
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Alloy’s Estimated Offer:
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585 gold price explanation
Gold hallmarks are stamps on jewelry that indicate its purity. A 14K gold stamp is not uncommon, but the 585 hallmark is less so. In gold terminology, “585” refers to the metal’s fineness, measured on a scale of 1,000. So 585 means a piece is 58.5% pure, therefore, 14K.
From a pricing standpoint, 585 gold is the same as 14K because they both contain the same percentage of pure gold.
Live Prices for Common 14K Gold Jewelry
14K Gold Bracelet Price
14K Gold Earrings Price
14K Solid Gold Chain Price
14K Gold Ring Price
14K Gold Brooch Price
14K Gold Charm Price
*Prices shown reflect the live-updating melt price for each item. Please note that when selling gold, gold buyers typically pay only a percentage of the melt price to cover their operating expenses.
Selling 14K Gold: What to Expect
When selling 14K gold, it’s essential to understand how buyers price their offers and the factors that drive those prices. Offers will always be based on the melt value, which, as mentioned above, depends on the purity, weight, and spot price of gold.
Most buyers will not pay the piece’s full melt value. Every buyer category, whether local or online, needs to factor business expenses into its offers to account for profit margins. Because those expenses vary, so do the prices offered.
Offers for 14K gold vary due to:
- Weight: A heavier piece will be worth more because it contains more gold.
- Purity: Stamped pieces are easier to evaluate accurately and require less invasive testing.
- Gold market: Fluctuations in the gold market mean prices also fluctuate.
- Buyer type: Depending on the buyer, they may purchase only for melt value or for resale. Each uses different pricing models.
Given the many factors affecting price, two buyers evaluating the same piece may present very different offers. Sellers first need to determine what they want from a sale: fast cash, an easy process, or the highest price. From there, they need to understand the value of their gold. With that knowledge in hand, they are better equipped to select a buyer who meets their needs.
Selling options
Pawn shops:
For sellers with 14K gold who need fast cash, a pawn shop is a popular destination. Most towns have at least one, if not more, making it easy to get to. However, pawn shops are notorious for paying lower than most other gold buyers.
How much does a pawn shop pay for 14K gold?
Our study shows that pawn shops typically pay between 20% and 60% of the melt value, with an average of 40%. While it may be the perfect choice for someone who needs money today, pawn shops aren’t the right buyers for everyone.
Jewelers:
Jewelers are in the business of selling gold jewelry, but some may also purchase gold. In cases where a jeweler buys gold, they either buy it for the melt value to melt it down and create new jewelry or to resell it. For this reason, it’s essential to know what type of buyer you are dealing with.
Sellers who have a piece that is still in style or comes from a well-known designer may have good luck selling to jewelers who purchase for resale. Depending on the demand, a piece could command more than melt value. Keep in mind that jewelers have access to brand-new jewelry at cost, so when purchasing for melt or resale, offers must account for this.
Online marketplaces:
Sellers who want to get more than the melt value of their piece can try online marketplaces. These platforms are best for high-demand or designer pieces. While they have a broad audience reach, there are some downfalls to consider.
For DIY selling websites such as Poshmark or eBay, sellers must handle the entire transaction themselves, from taking pictures and listing to shipping, authenticating, and answering buyer questions. This option is excellent for someone comfortable with that process, but for someone who hasn’t done it before, it can be overwhelming. Not to mention, some fine jewelry listings sit for months before finding a buyer.
If a seller has a high-end piece, they can consider using concierge services such as The RealReal or Vestiaire Collective. These are completely hands-off for the seller as the company takes care of everything. The downside to services like this is that the fees can really eat into profits.
Local auctions or consignment:
These platforms are another option for someone with designer or in-demand jewelry, as they can fetch more than the piece’s melt value. Consignment can mean a piece sits for a while before a buyer snaps it up, though. And both options incur substantial fees.
The Alloy Market:
We offer a straightforward way to easily sell your gold for the highest price from the comfort of your home. It starts with requesting a free Alloy Kit, which we ship right to your door. Inside, you’ll find a postage-paid parcel to pack your 14K gold jewelry in. Drop it at your local FedEx, FedEx Walgreens drop-off location, or schedule a FedEx home pickup, and we’ll cover tracking and insurance.
Once it arrives at our location, our team of professionals tests it and sends you an itemized, guaranteed offer. When you accept your offer on any business day before 5 PM, we issue your payment the same day. If you aren’t happy with the offer, we’ll ship your items back to you at no cost.
Alloy doesn’t care about the condition of your items. In fact, you can send in broken or damaged gold and still get paid! Our offers are based on the melt value of your piece, determined by live market values. We also have a highest price guarantee. If you have a valid offer from somewhere else, just let your Alloy Advisor know, and we will meet or beat it, but never over spot.
The Alloy Market Wants to Buy Your 14K Gold
Request a free Alloy Kit, ship from home, and receive a same-day offer after evaluation.
How to keep yourself safe when selling gold
Selling gold can be tricky because not all buyers are the same. Some can be shady and aim to take advantage of sellers. Here are some tips sellers can use to ensure they are working with a trusted gold buyer.
- Ask friends and family for recommendations. Do they have a trusted gold buyer?
- Read online reviews from trusted websites like the BBB or Trustpilot.
- Online gold buyers should be able to provide an up-front estimate without requiring sellers to send their items in for evaluation. Even better, find a company that offers self-service tools such as the calculator above.
- All companies should be able to provide their minimum payout based on the market price. Sellers should know what they will take home from a sale.
- It should be easy to find out who is behind the company. They should be open about who runs the business.
- Reputable online buyers will have a physical address, not just a P.O. Box that anybody can set up. Even better, they should allow visitors to their physical address.
- Companies should provide an itemized offer so each item is outlined, rather than a bulk offer for multiple items.
How to avoid low offers when selling gold
Knowledge is power when selling gold. Here are a few ways sellers can protect themselves from getting underpaid:
- Know the melt value of the pieces before getting quotes. This number provides a baseline and makes it harder for buyers to lowball.
- Separate items by karat. Different karats have different gold quantities, so they will need to be evaluated separately. Do not allow buyers to assess them all together, as they may base the offer on the lowest karat.
- Weigh your gold at home. A simple kitchen scale is perfect for evaluating your gold jewelry.
- Compare multiple offers. Offers may vary dramatically, so it’s best to get 2 or 3 before deciding. Make Alloy your final stop to take advantage of their highest price guarantee.
- Avoid high-pressure buyers. Some locations may pressure sellers to accept an offer before they’ve had a chance to compare other buyers. Stay away from these types of places.
- Be sure to understand any fees. Any buyer charging evaluation fees, handling fees, or unexplained deductions is signaling that their payout will likely be lower.
- Request transparent communication and documentation. Trustworthy buyers offer a clear breakdown showing karat, weight, and payout for each item, rather than a lump sum.
Armed with this information, it should be easy to select a buyer who is both trustworthy and meets the seller’s needs.
Sell Your 14K Gold with The Alloy Market
If you want the easiest way to sell your gold for the most money, consider selling to The Alloy Market, a nationally recognized precious metal buyer recommended by the likes of CBS, Yahoo, U.S. News & World Report, and many more. Unlike most gold buyers, Alloy offers minimum payouts and provides upfront estimates to keep the process as transparent as possible.
The team at Alloy has worked hard to bring integrity to a business that desperately needed it, and we think our customer satisfaction rating demonstrates that commitment.
Request a free evaluation kit today to get started and join the thousands of happy customers.
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If you have 14K gold that you’d like to sell, consider doing so with Alloy. We offer a transparent and easy process from start to finish.
Join the countless others who have made The Alloy Market the premier destination for selling gold online.
Getting An Estimate For Your 14K Gold Is As Easy As 1, 2, 3!
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14K Gold Is As Easy As
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