We value precious metals based on the current market value. There are several types of gold and silver such as; 10k, 14k, 18k, 22k, Pure, 585, 750, 800, 925, and Sterling. These types typically identify the percentage of gold or silver in your item. For example, 14k means 58.5% gold where 22k means 91% gold. The purer your gold or silver, the more we pay. We pay up to 97% of spot value.