1. Tuesday it is and away we go. Quite a reversal in metals yesterday while oil showed weakness all day. There is follow thru this am with Gold up for now +2 to 1297, after falling back below 1300 yesterday. Silver is down 8 to 17.59 as it recoils from 18. Oil is weak again and down 57 to 44.21. The USD has plunged thru supports and is now at 92.21 and down 40.
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  2. Week of 4/30/16 Closing prices & Chg Over Last Wk---- Gold $1290.50 UP 60.50-- Silver $17.78 UP 88-- Oil $45.92 UP 2.19--- USD $93.04 DOWN 204 tics-- Based on near term futures contract--- At JMB Current price AGE $1359.44 (1), SAE $21.09 (20)
  3. Added Heartland Precious Metals out of OK and LA to the map, Added Texas Precious Metals, and Added Provident Metals.

10k American high school class rings

Discussion in 'PM's - Coins - Numis - Base Metals' started by Wolverine, Jul 24, 2011.



  1. Wolverine

    Wolverine Banned

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    I have a typical American mens 10k gold high school class ring from the 80's that's been collecting dust since about 88 (I'm old) and was wondering if anyone knows about how much gold is in this thing?
     
  2. glockngold

    glockngold Gold Member Gold Chaser

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  3. Irons

    Irons Deep Sixed Mother Lode

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    I got $130 for mine last winter, bought a 1/10 sunshine round with the $$.
     
  4. Somesilver

    Somesilver Seeker

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    10 karat is about 41% Gold. You need to weigh it...usually they also have some sort of stone, but I don't think that can account for
    more than 10% of the total weight. Example...total weight 20 grams, less 10% for stone, youve got 18 grams of 10 karat. 41% of 18 grams
    yields 7.5 grams of pure Gold. 7.5 grams is about 24% of a Troy Ounce (31.1 grams). With Gold at $1600, 7.5 grams is worth about $387.
    Fly by nite dealer might offer you $180 to $200. Solid dealer would probably pay $325 to $350 (spot less around 10%)
     
  5. Wolverine

    Wolverine Banned

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    Thanks for the info guys.
     
  6. still afloat

    still afloat Seeker Seeker

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    All the class rings I've worked on or scrapped had a solid shank but the top was hollow , it was then filled with a epoxy or plaster type filler and the stone then set .When sizing one I had to invert the ring in water to dissipate the heat and keep from loosening the stone.When scrapping one the owner took a hammer and smashed the top dumping out the stone and filler before sending them off, he got a higher return for the rings cleaned of the stones and filler.
    So not as much metal as most expect there to be . Cant remember what the ratio was to figure the weight that we used when buying as scrap but was pretty low that was in '99 .
     

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