In many countries, gold is considered portable wealth — in the U.S., not so much. While the concept may not resonate with Americans, it does in many countries including Asian and Indo-Persian countries. Gold that is 21K, 22K, 23K and 24K is often worn as jewelry. These pieces rarely sell for more than the melt value and they typically weigh in at even numbers such as half an ounce, 1 ounce and one-and-a-half ounces. Like jewelry in the U.S., they are worn for adornment; but wearers have the additional satisfaction of knowing they have something stashed away for a rainy day.
As an example, the knotted bracelet shown weighs in at 32.9 grams of 22K gold, which is equivalent to 1 ounce of pure gold. Wearers of such pieces — men and women alike — know that in times of trouble they have an ounce of gold on their wrists. Occasionally, these pieces might feature small gems; but typically the stones are faux because really, it’s all about portable wealth masquerading as jewelry. Their value rarely exceeds the value of the gold.
At the time of this writing, the knotted bracelet pictured here is valued at $1,500. The ribbon-shaped necklace with faux gemstones is exactly two ounces, and its worth is approximately $3,000. The other items are valued at $1,500 per ounce. Gold is currently at an unprecedented high, so if you have gold to sell, the time to sell is now!
If you need an appointment in St. Petersburg or Tampa, give us a call or email JeffreyPHess@aol.com. Stop by one of our locations or we will meet you at your home, bank, or attorney’s office. You’ve seen us in the Wall Street Journal, Forbes Magazine and the New York Times. We are internationally known buyers of fine gems and watches no estate too small or too large.
Jeff Hess, Owner & Appraiser. ALL RIGHTS RESERVED.
Comments, questions or suggestions for this column, please send to jeffreyphess@aol.com.
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Old Northeast Jewelers, Fine Jewelry and Watches, Buying and Selling since 1984.
