Buying your gold, silver and platinum
The Gold King
IF YOU THINK IT’S GOLD IT PROBABLY IS
As long as it contains gold, sterling silver or platinum, The Gold King will pay you for it. The material’s value is based on its weight and purity, NOT its condition. We do not buy gold or silver plated material.
WE’LL BUY YOUR GOLD JEWELLERY
When was the last time you sorted through your old jewellery box?
You’ve probably got a treasure trove of broken old chains, unfashionable rings and single earrings.
While the gold price is at a record high, it’s certainly time to jump on the bandwagon.
The Gold King will convert your unwanted gold to cash no matter how broken, dirty, or unfashionable it is!
GET MORE VALUE
The Gold King endeavors to offer the highest payouts to its customers to uphold its noble reputation and deliver the highest quality experience when selling your gold, silver or platinum. Below are the live market prices for what we are paying on. Customers are urged to use this as a guide only as prices may reflect a certain degree of workmanship depending on the jewellery item. It is important for the customer to understand that our scrap prices may be lower than our actual live prices. In order to avoid confusion, please bring in your item for evaluation and clarify any concerns with your consultant.
Gold is graded in what is called the “karat system”.
In the karat system, pure gold is expressed as “24 karats” (24k). The gold content of any item depends on the proportion of gold it contains.
9k = 9/24 or 37.5% gold. Also indicated as .375
14k = 14/24 or 58.5% gold. Also indicated as .585
18k = 18/24 or 75% gold. Also indicated as .750
In Australia, as well as any civilized country in the world, legal regulations require the marking of gold jewellery to protect the public against fraud.
If, for example, the jewellery item is stamped 14k it cannot be less than 58.5% gold or the maker could be charged for fraud or counterfeiting
Sterling silver is an alloy of silver containing 92.5% by mass of silver and 7.5% by mass of other metals, usually copper. The sterling silver standard has a minimum millesimal fineness of 925.
Fine silver (99.9% pure) is generally too soft for producing functional objects; therefore, the silver is usually alloyed with copper to give it strength while preserving the ductility and beauty of the precious metal. Other metals can replace the copper, usually with the intent to improve various properties of the basic sterling alloy such as reducing casting porosity, eliminating firescale, and increasing resistance to tarnish.
When used in jewellery, platinum is commonly alloyed (900 or 950 platinum) with cobalt, iridium, or ruthenium for increased hardness. For a jewellery piece to be labelled as “platinum” or “PLAT” it must have a “fineness” (millesimal fineness) of at least 95% pure platinum. If the fineness falls below the 95% mark, it must be labelled “IRIDPLAT” which would indicate a platinum alloy with at least 10% Iridium. Platinum is graded as: 850 sterling, 900 sterling, 950 sterling, and 999, which is identified and stamped using the precious metals hallmarking system. However, Platinum 950 is the most common purity for platinum jewellery in Australia and around the world.