Gold is a valuable material. However, if you need extra cash to pursue some other goals you might have, then selling off your gold wouldn’t be a bad idea.
But when you want to sell such a precious item, you can get cheated when you don’t know its value. For example, a 10k Gold at a particular pawn shop can largely differ in price from a 10k Gold at another pawn shop.
So, you shouldn’t leave this to guessing when you can know the exact price of a 10k gold. However, before getting to the conversation about the price of this material, a discussion about what a 10k gold is right in line.
What is 10k Gold?
10k Gold is the most affordable gold commonly used for engagements. Generally, Golds just like every other precious material come in a variety of purity levels.
This level is grouped using the karat system. Pure gold isn’t a decent metal for making jewelry, as we discussed in our comparison of 10k, 14k, 18k, and 24k gold.
Pure gold is delicate, bendable, and scratchable, so any ring made of it is unlikely to last very long.
Furthermore, it is also very vivid, with an orange hue that isn’t especially appealing when used in jewelry.
As a result, before gold is used in jewelry, it is almost always alloyed with other metals. The karat method is then used to classify the purity of the gold alloy.
The composition of 10K gold is 10 parts gold and 14 parts other alloys. 10K gold is typically a combination of pure gold and metals such as silver, nickel, palladium, zinc, or copper, depending on the color of the gold.
14K and 18K gold, on the other hand, are made up of 14 and 18 pieces gold. The exact proportion of pure gold to other metals has an effect on the intensity and color of an engagement ring or other piece of jewelry, giving 10K gold distinct characteristics.
Since 10K gold is less pure than 24K gold, it is less likely to bend, warp, or dent as a result of pressure or impact.
What is the Level of 10k Gold Purity?
The composition of 10 karat gold is 41.7 percent gold and 58.3 percent alloy. In several countries, 10K gold is the lowest purity level at which the term “gold” can be legally advertised and sold.
14K gold, on the other hand, is 58.3 percent pure gold, while 18K gold is 75 percent pure gold. This means that only about half of a 10K gold ring’s metal content is gold; the remainder is made up of the alloy’s other metals.
People don’t also use 10K gold for engagement rings or as high-end jewelry due to its low purity level. Instead, they use it for cheap jewelry including earrings, bracelets, and necklaces.
This is because the additional metals used to make 10K gold can cause allergic skin reactions in certain people.
What is the Color of 10 karat Gold?
10K gold has three different colors: white, yellow, and rose. Each of them has a slight different blend of metals changes the gold’s appearance once blended together.
Although there is no one-size-fits-all solution for these three shades, each has its advantages and disadvantages. So, if you’re looking for a 10K gold ring or other jewelry, it’s best to make your pick based on the one that will suit you or your partner.
Lets elaborate more the the gold colors!
Yellow Gold (10k)
This Gold color consists of 41.7 percent gold, silver, and copper. Also, some of them has about 52 percent silver and 6.3 percent copper. This means that 10K yellow gold contains significantly more silver than pure gold.
Yellow gold of this purity level, like other types of 10K gold, isn’t a popular choice for high-end engagement rings.
Instead, the lowest purity level for yellow gold offered by most reputable engagement ring vendors is 14K.
White Gold (10k)
White gold is a 41.7 percent gold alloy with other metals like silver, zinc, and palladium.
A ring or other piece of jewelry made of 10K white gold will typically contain 47.4% silver, 10% palladium, and 0.9 percent zinc, implying that less than half of the metal is pure gold.
A rhodium coating is commonly applied to 10K white gold jewelry, as it is to other types of white gold.
This coating protects the gold from corrosion and increases its durability.
There is no such thing as “pure” white gold, contrary to popular belief. The mixture of silver, zinc, and other metals used in the production of white gold, whether it’s 10K, 14K, or 18K, gives it its white tone.
Rose Gold (10k)
The composition of 10K rose gold is 20% silver and 38.3% copper. Rose gold has a warm, appealing pinkish-red color due to its copper content.
10K rose gold, like white and yellow gold, isn’t completely pure. It’s slightly more durable than 14K rose gold, and it’s popular for earrings and other mid-priced jewelry, but not for engagement rings.
Before we further let’s look at the advantages and disadvantages of 10 karat Gold.
What are the Advantages of 10K
Each of the 10k Gold colors has its own advantages.
For White Gold:
For 10k Yellow Gold:
For 10k Yellow Gold:
Let’s see their disadvantages:
Disadvantages of 10k Gold
For Yellow 10k Gold
For 10k White Gold
For 10k Rose Gold:
How much is 10K gold ring worth at a Pawnshop?
The price of 10k gold varies because there are many local pawn shops that deal on 10k gold. In the US alone, there are over 1000 pawn shops scattered in the different US States.
Visit pawnbat.com to locate the pawnshop closest to you. The site will also give you a price range for the various types of jewelry that pawnshops pay.
For instance, some pawn shops pay around $1250 for an ounce of pure gold. You can get $16.35 per gram for 10k gold jewelry, and 423.50 per gram for 14k gold jewelry.
According to redollar.com, below is an idea of how much you can get paid for a 10K gold ring at a pawn shop:
| Name | Average Pawn Shop Price | ReDollar.com |
| 10K Gemstone Gold Ring | $85.79 to $128.69 | $193.03 |
| 10K White Gold Ring | $70.02 to $105.04 | $157.56 |
| 10K Men’s Gold Ring | $135.41 to $203.12 | $304.68 |
| 10K Cameo Gold Ring | $48.69 to $73.04 | $109.56 |
| 10K NBA Gold Ring | $101.10 to $151.64 | $227.46 |
| 10K Rose Gold Ring | $62.60 to $93.91 | $140.86 |
According to Goldbroker.com, the table below is an overview of the price of Gold in different currencies as of the day this article was written:
Check it out!
| CURRENCY | PERFORMANCE | 1 OUNCE (31.1 GRAMS) | 1 KILOGRAM | 1 GRAM |
|---|---|---|---|---|
| Euro (EUR) | -0.19 | €1,444.22 | €46,432.75 | €46.43 |
| US Dollar (USD) | -0.15 | $1,723.19 | $55,401.84 | $55.40 |
| British Pound (GBP) | -0.29 | £1,235.16 | £39,711.32 | £39.71 |
| Swiss Franc (CHF) | -0.37 | CHF 1,598.32 | CHF 51,387.18 | CHF 51.39 |
| Australian Dollar (AUD) | -0.25 | A$2,224.94 | A$71,533.48 | A$71.53 |
| Canadian Dollar (CAD) | -0.36 | CA$2,169.70 | CA$69,757.47 | CA$69.76 |
| Chinese Yuan (CNY) | -0.39 | CN¥11,182.30 | CN¥359,519.29 | CN¥359.52 |
| Indian Rupee (INR) | -0.16 | ₹125,242.30 | ₹4,026,633.45 | ₹4,026.63 |
| Japanese Yen (JPY) | 0.05 | ¥187,105.00 | ¥6,015,565.44 | ¥6,015.57 |
Note, since the cost of 10k Gold varies, if a pawn shop offers you a ridiculously low price for something you value yourself, it’s obvious they’re trying to take advantage of you. You should leave and go to a different store.
Before we warp it up, let me give you a list of some top pawn shops.
Check the list out!
Reference
- https://spot4coins.com/value-of-jewelry-at-a-pawn-shop-how-much-can-you-get/
- http://www.premierpawnutah.com/pawning-jewelry-how-much-is-your-gold-worth-at-a-pawnshop/
- https://www.diamonds.pro/education/10k-gold/
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