Ready to turn that old gold jewelry into cash? Rivanna Precious Metals pays competitive rates for gold rings, necklaces, bracelets, earrings, and watches right here in Charlottesville. Private, appointment-only evaluations at 1020 Carrington Place — see the scale, see the math, leave with cash the same day.
When you sell gold jewelry, almost everything that matters is decided by two things you can check yourself before you ever walk in: the karat stamp hidden on the piece, and its weight. For most rings, chains, and bracelets, the value is melt value — the price of the actual gold inside — not what the piece cost at retail. Once you understand how to read a hallmark and how weighing works, the offer stops being a mystery and starts being simple arithmetic.
Rivanna Precious Metals is a dedicated gold jewelry buyer working by appointment from a private office at 1020 Carrington Place, just off Route 29. We test, weigh, and price every piece in front of you, and we'll tell you honestly when something is worth more than its melt — or worth less than you hoped.
Pick up almost any piece of gold jewelry and look at the clasp, the inside of the band, or the back of a pendant. You'll usually find a tiny stamp — the hallmark — that tells you the purity. There are two common systems:
Be careful with letter stamps. GF (gold-filled), GP (gold-plated), GE (gold electroplate), RGP (rolled gold plate), and HGE all mean there's only a thin layer of gold over a base metal — these are not solid gold and are worth a small fraction of a stamped 14K or 18K piece. A "925" stamp means sterling silver, not gold. If a piece has no stamp at all, don't worry: plenty of older, handmade, and imported gold was never marked, and we confirm purity by testing.
Every piece goes on a calibrated digital scale and is measured in grams (some dealers use pennyweight, where 1 dwt ≈ 1.555 g). The key detail most people miss: we weigh different karats separately. Tossing a 10K class ring and an 18K bracelet on the scale together and paying one rate would shortchange the 18K, so we sort first.
From the weight, the math is the same one used across the gold trade: gram weight × purity percentage × the live per-gram spot price. A 7.5-gram 14K chain is 58.3% gold, or about 4.37 grams of pure gold, and your offer is a share of that content's market value. Because we price off live spot and explain each number out loud, you can follow the whole calculation. If you'd like the deeper breakdown of karat percentages and how spot price is converted to a per-gram figure, our main Charlottesville gold dealer guide walks through it step by step.
This is the question that surprises people most. On a standard melt purchase, the diamonds, sapphires, and other stones in a piece are generally not paid as part of the value, and their weight is deducted from the gold. It isn't a trick — the wholesale resale market for small, commercial-grade stones pulled from old jewelry is thin, slow, and unpredictable, so they simply don't carry reliable cash value the way gold does.
There's a real exception, though, and we look for it on every piece. A sizable, high-quality diamond, or a piece from a sought-after designer house — think recognizable signed work — can be worth considerably more as a complete, wearable item than as scrap gold. When we spot one, we tell you, and we'll price the piece on its full collector or resale value instead of melting it. If you have something that might fall in that category, our jewelry buyer page explains how we weigh melt value against resale value.
For melt, not at all. A snapped rope chain, a ring crushed in a drawer, a single earring whose match vanished years ago — each still contains exactly the grams of gold it always did, and that's what sets the price. We buy broken and wearable gold at the same per-gram rate. Don't throw out a kinked chain or an orphan stud thinking it's worthless; bring it in.
The only time condition changes the math is when a piece has genuine value as jewelry — an intact designer bracelet, for instance — where being whole and undamaged matters to a future wearer. For ordinary gold, melt is melt, and we'd rather you not spend a minute repairing anything before you sell.
We buy 10K, 14K, 18K, 22K, and 24K gold jewelry, marked or unmarked, and we test anything in question right in front of you.
That's it. There's no need to clean or polish — in fact, please don't, since polishing can shave off a trace of gold. Whatever your reason for selling, from settling an estate to simply clearing a drawer, the appointment is private and unhurried, and you're never obligated to explain anything or to accept an offer.
Book a private, no-obligation evaluation. Most appointments available within 30 minutes.
Straight answers to what people ask us most about selling gold jewelry in Charlottesville.
Those tiny numbers are purity hallmarks. The three-digit European stamps are parts-per-thousand: 375 is 9K, 417 is 10K, 585 is 14K, 750 is 18K, and 916 or 917 is 22K. The U.S. style stamps read 10K, 14K, or 18K directly. A stamp that reads GF, GP, GE, or HGE means gold-filled or gold-plated, not solid gold, which is a very different value.
On a typical melt purchase, no. The weight of stones is deducted and they are not paid as part of the gold value, because the resale market for small commercial stones is thin and unpredictable. The exception is a significant diamond or a sought-after designer piece, where the stone or the brand can be worth more than the metal. In those cases we tell you and price the piece on its full value rather than scrapping it.
For a melt purchase, no. A snapped chain, a bent ring, or a single earring contains the same grams of gold it always did, and that is what sets the price. Condition only matters if a piece has resale or designer value as a wearable item, which is rare. For everyday gold jewelry, a tangled knot pays exactly the same per gram as a flawless chain.
Each piece is placed on a calibrated digital scale and measured in grams, or sometimes pennyweight (dwt), where one pennyweight equals about 1.555 grams. We weigh items of different karats separately so each is paid at its correct purity. You watch the scale yourself, and we read the weight out loud before doing the math.
No, please do not. Polishing removes a microscopic layer of gold and can actually reduce the weight slightly, and cleaning makes no difference to melt value. We would rather see your jewelry exactly as it is, tangles and tarnish included. Save yourself the effort and bring it in as-is.
Yes. Between the hallmark, an acid test, and an XRF analyzer, we can confirm whether a piece is solid gold and at what karat, or whether it is gold-filled or plated over a base metal. Plated and filled pieces only contain a thin gold layer, so they are worth far less than solid gold. We always show you what we find and hand back anything that is not worth buying.
Convenient Charlottesville office location. Meet on your schedule.
1020 Carrington Place
Charlottesville, VA 22901