Never rely on a "14K" stamp, as many items are counterfeit. You’ll need:
Faster than a refiner but they take a bigger cut, usually paying you 80%–85% of the melt value. 5. Common Pitfalls to Avoid
(Spot Price / 31.1) x (Karat Purity / 24) = Value per Gram .
Profit is made in the "hunt." Look for gold in places where the seller wants quick cash: