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How Much Is A 10k Gold Class Ring Mens?

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Deborah Mann Profile
Deborah Mann answered
This depends on a number of things, such as how much it weighs and what the current price of 10K gold is.

  • Weight of the ring
Men's Class Rings usually weigh between 12 and 22 grams, so the first thing that you need to do is to weigh yours. It is possible to get scales that use these tiny measurements.

  • Price of gold
This can change on a day to day basis so you will need to check what the price is. This is particularly true if you are planning on selling the ring because naturally you want to get the best possible price for it that you can. Here is a site that may be useful to you: http://www.goldprice.org/scrap-gold-price-calculator.html.

  • Gold weights
Gold is sold by the weight and it is not unusual to hear the price being quoted per ounce. This can be misleading for someone who has never bought or sold gold before because the ounces that gold merchants use are actually troy ounces and these are a different measurement than traditional ounces.

Of course, if you have measured the ring in grams because this is a more precise weight than fractions of an ounce, you will also have to convert your grams to a troy ounce. There are many conversion calculators on the Internet so you should find this easy to do.

  • Gold dealers
If you do want to sell this ring, or any other gold, make sure that you do some homework before you do. There are many reputable buyers of gold; both on the High Street and online but you must remember that they will want to make a profit on the gold that they buy so do not expect to get its full value. Luckily this is a competitive market so you will have lots of buyers to choose from.
Rose Henderson Profile
Rose Henderson answered

That is a bit of a vague question. You can almost assume a 10k gold ring will be over $100 at least though. There are plenty of other factors that go into the equation. How big is the ring, how much is gold worth at the time, and how much of a demand there is at the time.

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