How do you realize if gold jewelry is real?
♫ Saturday, July 2nd, 2011In the United States, anything that is not at least 10 karats (42 percent gold) cannot be legally sold as gold. Anything that you purchase that is real gold should have the karat amount stamped into the jewelry. On rings, the stamp will be on the inside; and on necklaces and bracelets, the stamp will usually be somewhere on the clasp.
If the jewelry you are purchasing doesn’t have a stamp stating that it’s 10k, 14k, 18k, or 22k, chances are that it isn’t real gold.
If the jewelry is stamped and you still question whether or not it is real gold, you can take it to certain jewelers to find out whether or not it is real gold. A jeweler will be able to perform a chemical test or look at the piece under a jeweler’s loop to determine the quality of the piece.
If you’re thinking of purchasing a piece of gold jewelry and something is making you question whether or not it’s real, it’s probably best to pass and find another piece that you can feel confident about.
The best way to tell the purity of gold is by purchasing a Nitric acid test kit; such a kit can be found on sites like E-bay for under $30. It will cover karats ranging from 10 karat to 22k karat, as well as silver & platinum! Markings on a piece are usually completely useless — the amount of jewelry that’s improperly marked is absurd. If you’re not buying from a reputable jeweler, I strongly suggest using the Nitric acid test kit.
Turn Gold Jewelry Into Cash
♫ Tuesday, June 1st, 2010You may have seen some of the recent advertisements online and on television for websites that offer to buy your old gold jewelry for cash. You may be wondering if these cash for gold offers are legitimate and, if they are, how the system works. The good news is that such offers to buy old jewelry for cash are totally legit. The reason there has been such a proliferation of companies and websites offering to buy consumer jewelry is simple. It has to do with the cost of gold. The fact of the matter is that gold is a commodity that is sold on commodity markets everyday. As such the price of it can go up or down over time. Now, what has happened is that the price of gold has skyrocketed in the past ten years due to a number of reasons. Because the price of it has become so high, it is highly profitable for companies to buy gold jewelry so that they can melt it down and resell it on the open market.
What this means for you is that your old jewelry has never been worth more than it is today. You may be surprised to learn that gold is currently selling for more than $1,000 an ounce. This means that old gold pieces, which can be melted down for their gold, refined and sold, are extremely valuable. Hence you have seen the proliferation of these gold buyers. It may not have made much sense to buy gold jewelry from ordinary people when gold was selling at $400 an ounce, but now that gold is selling for more than $1,000 every body is making a lot of money. Therefore, if you have old gold jewelry you can make a nice amount of money by selling it to one of the gold buyers either in your area. The important thing to realize is that the price of gold is always fluctuating and there is no guarantee that the price will remain high, so if you have been thinking about selling some gold jewelry for quick.