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Calculating Gold Value

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Author Previous TopicReplies: 6 / Views: 990Next Topic  
Pillar of the Community
Apollo's Avatar
Canada
1610 Posts
 Posted 12/25/2011  11:32 am Show Profile   Bookmark this topic Add Apollo to your friends list Get a Link to this Message Number of Subscribers
Guys, I'm sorry this is not coin related.

I've got this gold necklace, it's .375 gold (9k) and 6.3g. How do I calculate it's gold value.

Here's what I did, tell me if it's correct:

6.3g X 0.375 = 2.3625

$1600 X 2.3625 = 3712

3712 รท 28g = $137.52

Thanks in advance! Merry Christmas!
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D0ubl3Eagle's Avatar
United States
5854 Posts
 Posted 12/25/2011  11:59 am  Show Profile   Bookmark this reply Add D0ubl3Eagle to your friends list Get a Link to this Reply
The last figure should be divided by 31.1035g. The troy oz is a bit heavier than the oz that is regularly used for other things. Also check $1600 X 2.3625 calculation because I got 3780. Otherwise, the process looks correct. The number I got is $121.53.
Edited by D0ubl3Eagle
12/25/2011 12:05 pm
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macmercury's Avatar
United States
5825 Posts
 Posted 12/25/2011  12:23 pm  Show Profile   Bookmark this reply Add macmercury to your friends list Get a Link to this Reply
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coincollect1's Avatar
Canada
1731 Posts
 Posted 12/25/2011  12:27 pm  Show Profile   Bookmark this reply Add coincollect1 to your friends list Get a Link to this Reply
10Xloupe look at the amount of post you have
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Apollo's Avatar
Canada
1610 Posts
 Posted 12/25/2011  12:28 pm  Show Profile   Bookmark this reply Add Apollo to your friends list Get a Link to this Reply
Pillar of the Community
Apollo's Avatar
Canada
1610 Posts
 Posted 12/25/2011  12:30 pm  Show Profile   Bookmark this reply Add Apollo to your friends list Get a Link to this Reply
Thanks guys... (:
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coincollect1's Avatar
Canada
1731 Posts
 Posted 12/25/2011  12:48 pm  Show Profile   Bookmark this reply Add coincollect1 to your friends list Get a Link to this Reply
no problem, ill help anytime.
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