LOUISVILLE, Ky. (WDRB) — The price of gold has just hit $3,700 an ounce, making your gold jewelry more valuable than ever.
If that’s the case, why won’t stores pay you thousands for it?
The payouts can be low due to several factors:
- 14 karat gold is only 60% gold, the rest is alloy to make it stronger.
- In addition, grandma’s old gold bracelet may be gold plated, not solid gold, making it worth a fraction of what you expect.
- Some items that are stamped 14 karat are fake.
A good gold buyer will explain all these facts…