Gold question???

I was given 9g of old broken gold for a gift. It is two 10k gold bracelets and a 22k gold ring that weighs 1g. I originally thought they were worth 50-80 dollars. I took it into Oliver鈥檚 jewellery (In Toronto for those of you that don't know) today and he estimated it at 150-200 dollars! He has a horrible attitude, and I know that he estimates everything low to try to rip people off. I doubt it but is there a chance that he was trying to rip me off and it's worth more than 200 dollars.

Well, it isn't necessarily a "rip off" but something called business.

After he gets your stuff, he's got to figure out what to do with that costume gold (10k bracelets, that's not a lot of gold).

Second, there may be some antique value or something in which he may or may not be able to fix it up for sale.

Third, there is the attitude problem which is probably seated in the notion that he is essentially serving as your pawn broker instead of selling valuable jewelry to real, paying customers.

Fourth, there is a hefty mark-up on jewelry. It tends to sit a while, which is to say the money is doing nothing except looking pretty in a display case until someone buys it. This is coupled with the sometimes maticulously careful work of making metal into something pretty. Your clerk may have been wondering if it was worth the work.

Finally, have you seen the price of gold recently? If you come back to buy the same stuff, it will cost you more than triple I expect (see 4).

Here is a calculator that a dealer might use. You can assume it is the absolute most you will ever get. You just need to know the weight and the carrot.

http://www.jackhunt.com/gold-calc.html

get a second opinion.

You will have to work it out. You might find some clues on http://www.shareworld.co.uk/articles/gol...
If my calculations are correct i make it us$128, but I cannot imagine a dealer giving you too much.
8g of 10/24=3.33g
1g of 22/24=0.917g
Total 4.25g
That equals 0.136641 oz
At US$939 oz
Value=US$128
Less dealers profit.