How To Evaluate Gold

Table of contents:

How To Evaluate Gold
How To Evaluate Gold

Video: How To Evaluate Gold

Video: How To Evaluate Gold
Video: How to value your gold in three easy steps 2024, May
Anonim

Gold is an essential element of the world financial system, because this metal has many areas of technical application, and its reserves on Earth are small. Therefore, buying gold items is a safe investment of your funds. However, it should be understood that jewelry gold is an alloy of metals, its main components are silver, gold, copper. The fineness of gold refers to the percentage of this precious metal in the alloy. If you decide to value gold, here are some tips.

How to evaluate gold
How to evaluate gold

Instructions

Step 1

It is difficult to evaluate gold on your own, so for an accurate estimate of the cost of gold jewelry, contact a specialized institution or a pawnshop - a type of credit organization that issues loans secured by property, including jewelry. Here you will receive an oral consultation or, if you wish, a written opinion with photographs. An accurate assessment is possible if equipment for diagnosing gold items is available, therefore this way is the most acceptable.

Step 2

If you decide to independently evaluate your gold jewelry, take a look at the sample. In Russia, for jewelry gold there are established tests of 375, 500, 583, 585, 750 and 958. The presence in the alloy, for example, 75% of gold corresponds to the 750 standard. The higher the purity of your gold piece, the more valuable it is. The trade mark on the inside of the product indicates the manufacturer, the date of production and, of course, the sample. The value of a product also depends on its weight. The greater the weight of the item, the more gold it contains, which means that it is more valuable.

Step 3

Take advantage of expert advice to evaluate the gold ring. Throw it on a flat, smooth surface from a height of 10-15 cm. If the ring, after touching the surface, bounces with a melodic ringing, then this product is of high quality. If, accordingly, it falls muffled, then it contains a seam from soldering and represents a lower cost.

Step 4

Gold comes in different colors: yellow, white, pink, and even black. It depends on the addition of certain elements to the jewelry alloy. Remember that the fineness of gold does not affect its color, which means that its value does not depend on color. The most popular in recent years has become white gold - a jewelry alloy with the addition of palladium. Products made from such an alloy are considered a sign of prestige and denote belonging to the highest class of jewelry.

Step 5

If you are the owner of gold bars purchased from a bank, to evaluate them, you must also contact the appraisers who will carefully assess the condition of the bullion.

Step 6

When evaluating a gold coin, consider the numismatic value of the coin. Consultations of numismatists will help you with this.

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