14k Gold Calculator

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14k Gold Value Calculator

(Typically 70-90% when selling to dealers)

Enter values and click 'Calculate Value' to see the estimated worth of your 14k gold.

function calculate14kGoldValue() { var goldWeight14kGrams = parseFloat(document.getElementById('goldWeight14kGrams').value); var current24kPricePerTroyOunce = parseFloat(document.getElementById('current24kPricePerTroyOunce').value); var buyersPercentage = parseFloat(document.getElementById('buyersPercentage').value); var resultDiv = document.getElementById('result'); if (isNaN(goldWeight14kGrams) || isNaN(current24kPricePerTroyOunce) || isNaN(buyersPercentage) || goldWeight14kGrams < 0 || current24kPricePerTroyOunce < 0 || buyersPercentage < 0) { resultDiv.innerHTML = 'Please enter valid positive numbers for all fields.'; return; } var gramsPerTroyOunce = 31.1035; var karatPurityFactor = 14 / 24; // 14k gold is 14 parts pure gold out of 24 total parts // 1. Calculate the price of 24k gold per gram var pricePerGram24k = current24kPricePerTroyOunce / gramsPerTroyOunce; // 2. Calculate the pure gold content in grams from the 14k item var pureGoldContentGrams = goldWeight14kGrams * karatPurityFactor; // 3. Calculate the "melt value" (value if it were pure gold) var meltValue = pureGoldContentGrams * pricePerGram24k; // 4. Apply the buyer's percentage var finalValue = meltValue * (buyersPercentage / 100); resultDiv.innerHTML = '

Estimated 14k Gold Value:

' + '$' + finalValue.toFixed(2) + " + '(Based on ' + goldWeight14kGrams.toFixed(2) + ' grams of 14k gold, a 24k gold price of $' + current24kPricePerTroyOunce.toFixed(2) + ' per troy ounce, and a ' + buyersPercentage.toFixed(0) + '% buyer\'s percentage)' + 'Pure Gold Content: ' + pureGoldContentGrams.toFixed(2) + ' grams' + 'Full Melt Value: $' + meltValue.toFixed(2) + "; }

Understanding 14k Gold and Its Value

14k gold is a popular choice for jewelry due to its balance of durability and precious metal content. Unlike pure 24k gold, which is very soft and easily scratched, 14k gold is an alloy, meaning it's mixed with other metals like copper, silver, or nickel to increase its strength and alter its color.

What Does "14k" Mean?

The "k" stands for karat, a unit of purity for gold. Pure gold is 24 karats. Therefore, 14k gold means that 14 parts out of 24 are pure gold, and the remaining 10 parts are other metals. This translates to approximately 58.3% pure gold (14/24 = 0.5833…).

How is 14k Gold Value Determined?

The value of your 14k gold item is primarily determined by three factors:

  1. Weight of the Item: The heavier the item, the more gold it contains. This calculator uses grams as the unit of weight.
  2. Purity of the Gold: For 14k gold, this is a fixed percentage (58.3%). The calculator automatically accounts for this.
  3. Current Market Price of Pure Gold (24k): Gold is a commodity traded on global markets, and its price fluctuates daily. This price is typically quoted per troy ounce.

The "Melt Value" vs. "Buyer's Percentage"

When you sell gold to a dealer, they rarely pay the full "melt value." The melt value is the theoretical worth of the pure gold content if it were melted down. Dealers need to cover their operational costs, refining fees, and make a profit. This is why the "Buyer's Percentage" input is crucial.

  • Melt Value: This is the raw value of the pure gold content within your 14k item, based on the current 24k gold market price.
  • Buyer's Percentage: This represents the percentage of the melt value that a buyer (like a pawn shop, jeweler, or gold refiner) is willing to pay. This percentage can vary significantly, typically ranging from 70% to 90% depending on the buyer, the condition of the item, and market conditions. Always shop around to get the best offer.

Example Calculation:

Let's say you have a 10-gram 14k gold chain, the current 24k gold price is $2000 per troy ounce, and a buyer offers 80% of the melt value.

  1. Convert 24k price to per gram: $2000 / 31.1035 grams/troy ounce = $64.30 per gram (approx.)
  2. Calculate pure gold content: 10 grams (14k) * (14/24) = 5.83 grams of pure gold.
  3. Calculate melt value: 5.83 grams * $64.30/gram = $374.97 (approx.)
  4. Apply buyer's percentage: $374.97 * 80% = $299.98 (approx.)

So, your 10-gram 14k gold chain might be worth around $299.98 when selling to a dealer at an 80% melt value rate.

Use this calculator to get an estimate of your 14k gold's worth, but remember that the final price you receive will depend on the buyer and current market conditions.

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