Gold Parties

Host a “Bring your Bling” Party for you and your friends.
It is a fun way to have friends over for an evening or afternoon, and your friends will leave with money, instead of spending it!

Gold is at record highs now. You and your friends Earn money for your unwanted gold and estate jewelry! It’s easy… do you have the following? Unwanted, out of style gold, broken or missing pieces, brooches and pins, kinked chains, class rings, cuff links.

At NovaGold parties, gold is professionally tested and weighed in front of you. Our prices are better than any other gold buyer in the area! Certified gemologists are on site with our gold testing equipment to analyze your jewelry.

Call today to arrange a gold party at your home or office. Gold parties also make great fundraisers for your school, charity, church or synagogue. A portion of the proceeds can be donated to the charity of your choice.

The price of gold tends to rise when the economy is doing poorly. Over the last two years, gold prices have risen about 70 percent. Gold has been recycled since ancient times. Once gold comes out of the ground, it never goes back in. It's used over and over again.

The kind of gold you can sell ranges from inexpensive gold trinkets to dental gold to solid gold coins and fine jewelry.

What happens to the gold I am selling?
Gold is sent to a refinery, the gold is melted down and extracted from the hardening agents and resold as gold bars.

The gold content of jewelry is indicated in karats. Solid gold jewelry is 24 karats. Some jewelry has less gold content and more of other metals and hardening agents. Gold buyers will only pay for gold.

Generally, the gold content of any piece of jewelry will be marked on it somewhere on the inside of a ring or bracelet and on the clip of a necklace or the back of an earring. For instance, a 14-karat piece of jewelry may actually have "14 karat" inscribed on it in tiny lettering or the lettering may say "14/24" or "14K."

The less gold content, the less money it will be worth to melt it down. When you buy jewelry in the store, you are paying for the design and craftsmanship, as well as any precious and semi-precious stones that may be a part of the piece. A beautifully designed piece of jewelry may have more resale value as used or "estate" jewelry than it will have as recycled gold.

Dental and Other Gold
Dental fillings, gold teeth, bridges and crowns are usually 16 karat gold and can be resold as well. Some dental gold contains platinum as a hardening agent, and that has a separate and often greater value. .

Valuing Your Gold
It helps to have a clear idea of what you're selling. Pure gold is 24 karat, but most people's jewelry isn't that pure. So you have to figure out how much gold is in the item you want to sell and multiply that percentage by the value in pennyweights. Use the chart below to do the calculations.

Karat	Percent
24	100
22	91.7
18	75
14	58.3
12	50
8	33.3
6	25
1	4.167

Source: The World Gold Council
Most gold transactions are conducted in pennyweights, with 20 pennyweights, or DWT, equal to 1 troy ounce of gold.

Go to the World Gold Council, an international organization of mining companies, for the current price of gold. It fluctuates constantly, so what you see there is unlikely to be what you'll be paid for your gold, but it will give you a ballpark figure. The Gold Spot Price is in troy ounces. If gold is selling for $1,000 a troy ounce, divide the $1,000 an ounce by 20 pennyweights, and you end up with a value of $50 a pennyweight.