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Looking to Sell Your Gold? We Do That.
If you’re looking to sell gold in Austin — whether it’s jewelry, scrap gold, broken chains, estate pieces, or gold coins — we provide private, transparent evaluations based on current market pricing.
At KP Gems, we buy gold by weight and purity, not by guesswork. Understanding how gold is measured and valued helps you make an informed decision before selling. As a fourth generation jeweler with over forty years of experience, you can trust Kenny Phillips at KP Gems to offer you a great price.
How Gold Weight Is Measured
Gold jewelry in the United States is typically weighed in grams or pennyweights (dwt).
One pennyweight equals:
• 1/20 of a troy ounce
• 1.555 grams
The abbreviation dwt comes from the ancient Roman coin called the denarius, which later influenced early British currency markings.
Gold buyers use the troy ounce system, which differs from the standard ounce used for everyday items. Accurate weighing is essential when calculating value.
When you sell gold jewelry, the total weight is only part of the equation — purity matters just as much.
Understanding Gold Purity (Karats)
Gold purity is measured in karats (K).
• 24K gold = 99.9% pure
• 18K gold = 75% pure
• 14K gold = 58.5% pure
• 10K gold = 41.7% pure
The higher the karat, the greater the gold content — and generally, the higher the intrinsic value per gram.
However, higher karat gold is softer. For this reason, most gold jewelry is alloyed (mixed) with other metals to increase durability and strength.
When evaluating gold jewelry, we test purity, verify markings, and calculate value based on:
• Current gold market price
• Weight
• Karat purity
• Condition
• Design or resale potential
If your piece has collectible or estate value beyond scrap weight, we evaluate that separately.
How Gold Value Is Calculated
Gold buyers calculate value using:
Gold Weight × Gold Purity × Current Market Price
However, not all buyers use the same payout percentage. Transparency matters.
At KP Gems, we explain exactly how your gold is evaluated so you understand the offer clearly before making a decision.
For more information about selling fine jewelry rather than scrap gold, visit our Sell Jewelry in Austin page.
What Types of Gold Do We Buy?
We purchase:
• Gold jewelry (broken or intact)
• Estate gold pieces
• Gold coins
• Gold bracelets, rings, necklaces, and earrings
• Unwanted or inherited gold
If you are unsure whether your item has value beyond melt price, we can evaluate it privately.
Why Sell Gold to KP Gems?
Unlike mail-in gold services or anonymous storefront buyers, we operate by private appointment. This ensures:
• One-on-one evaluation
• Transparent explanation of pricing
• Fair market offers
• No pressure to sell
If you are looking for a trusted gold buyer in Austin, schedule a private consultation to have your items evaluated professionally.
Before You Sell Your Gold
Consider:
• Checking for hallmarks (14K, 18K, etc.)
• Separating gold from costume jewelry
• Bringing all pieces — even broken items
Gold value is driven by weight and purity, not appearance alone.
Ready to Sell Gold in Austin?
If you are ready to sell gold jewelry or scrap gold in Austin, we provide clear, professional evaluations in a private setting.
Schedule your appointment today and understand exactly what your gold is worth.
Gold Weight Conversions
- 1 pennyweight (dwt) = 1.555 grams
- 1 troy ounce = 31.1035 grams
- 1 gram = 0.0321 troy ounces
- 1 kilogram = 32.1507 troy ounces
Gold Purities
24 Karat Gold (24K): This is considered pure gold, with a fineness of 999 or 99.9% gold content. It is the highest quality of gold available but is also the softest and most malleable, making it less suitable for everyday wear.
22 Karat Gold (22K): This gold purity level has a fineness of 916 or 91.6% gold content, with the remaining 8.4% usually made up of other metals for added durability and strength. 22K gold is commonly used in high-end jewelry and is more durable than 24K gold.
18 Karat Gold (18K): This gold purity level has a fineness of 750 or 75% gold content, with the remaining 25% typically composed of alloy metals. 18K gold is popular for fine jewelry as it balances purity and durability.
14 Karat Gold (14K): This gold purity level has a fineness of 585 or 58.5% gold content, with the rest typically comprised of other metals. 14K gold is a common choice for jewelry in the United States due to its balance of gold content and durability.
10 Karat Gold (10K): This gold purity level has a fineness of 417 or 41.7% gold content, with the remaining percentage composed of alloy metals. 10K gold is the minimum karat legally sold as gold jewelry in the United States.
