Platinum, Gold, and Silver are all considered precious metals. We use precious metals to make jewelry. The authenticity of precious metals is very important to the value the purity of the pieces. Each metal has their own units to be measured in, and stamped with the appropriate value. Precious metal stamps are a sign of prestigious jewelry, as it represents the price valued of the metal worn.
Platinum is considered to be the elite metal. It is very strong and durable, while keeping its shine. It is a higher price valued metal on the market today. An authentic Platinum stamp or mark will consist of 95 to 90 percent. The stamp is standardly issued with platinum, palladium, plating, plat., or pall.
Gold is the most popular metal. It is available in various colors: yellow, rose and white. It is a long classic over several eras and cultures of history. Gold is measured in karats with 24K or 24 Karats being pure gold. Commonly, Gold is sold in a range of purity levels. You can find it in 14 Karat, 12 Karat and even 10 Karat. Karats of gold are using a decimal figure meaning that .416 is equal to 10 Karats. Gold items are stamped with the with the numerical value and K, karat, Kt following.
Gold is also regularly used to plate weaker metals for cheaper valued items. This would be read as rolled gold plate, R.G.P.
Silver is frequently misrepresented by other metals. Many call a lot of random metals “silver” in confusion to the color resembling Silver. It is easy to mistake “nickel silver” or Tibetan Silver as real Silver. Silver is pure when it measures 92.5% pure silver. Legitimate pieces will be marked with silver, sterling, sterling silver and with a formation of .925.
Buying precious metals is a risky business if you are inexperienced. There are a lot of different components when it comes to appraising an item. We can’t take the common eye view of the piece in order to authenticate the item. At Master Jewelers we have certified appraisers within our team of experts that can help find or evaluation purchases of precious metals.
First wedding anniversaries is a day filled with just as much love as your actual wedding day. Catered to reminiscing about all the special details and love shared on that perfect day, your first anniversary is one to cherish and remember. It is an exciting milestone because the marriage is still new, and the honeymooners are learning what this new union means to them.
While there are many tokens that represent the first anniversary keepsakes, Gold is the most traditional. First-anniversary gift is usually not extravagant as the newlywed couple is commonly focused on their next step and investing in their future. None the less, the day is still one to be celebrated just like it was on the original day
Here are a few pieces of key advice to help you celebrate your anniversary in style.
Picking a gift out for your spouse is generally a task someone should do out of thought and love. While it suggests gold as a traditional gift, you must keep your spouse’s style in mind. After all this gift is to represent your love for them. What says I love you more than I know what you like. If this means getting them rose gold versus traditional gold, then so be it. Find an additional piece of jewelry like earrings or a necklace, whether it be for daily wear or a special evening wear, she will love it just the same.
Same rules apply here. Get him something that will make him smile and let him know you pay attention to him. Finding something to represent you love isn’t easy, but the thing to remember is you know him best. Gold Ring or even a white gold bracelet would be a great daily reminder of the love you two share. Don’t see a piece that comes close to your vision? You can always custom design a piece of jewelry for your loved one.
Treasuring your loved one is more than one special day. As your love reigns on so will your jewelry to paint the visual picture of your love story. Master Jewelers is dedicated to helping you celebrate your love. With years of expertise in bridal jewelry, we know our job isn’t done after you say “I Do”. Visit us online or at our Indianapolis showroom today.
Dating back hundreds, if not thousands, of years, gold has always been a valuable commodity. From the giant west coast gold rush in California in the 19th century to a long history of gold jewelry, gold has been a sought-after metal. While gold is largely seen as valuable, the valuable of gold is in flux, changing from day to day based on the market value per ounce.
If you are looking to sell your gold, perhaps in the form of old jewelry, a credible jeweler that offers a gold purchasing service is a great place to start. It is important to note that the gold may still be worth quite a bit, even if a gold chain is broken or the style of the ring is outdated. What matters most is the karat of the gold, or the fineness, of the gold as well as the weight.
Carat Weight Versus Karat
When talking gold purchasing, it is important to highlight the difference between carat and karat. Carat weight of gold refers to a unit of weight used in the measurement of gold. The unit is 200 milligrams (i.e. one carat is .200 grams, or 200 milligrams). The term karat refers to “unit of measure for the fineness of gold, equal to 1/24 part.” Both measures are taken into consideration when a jeweler is determining how valuable the gold that is being sold is. Karats will tell a jeweler how much gold and how much alloy is in the metal blend. For example, 24k gold is 100% gold, whereas 10k Gold is the equivalent of 41.7% gold and 58.3% alloy.
Pennyweight is another term you will come across when looking into gold purchasing. Pennyweight is another unit of measure when it comes to determining the weight of gold.
What goes into a price quote?
In order for a jeweler to tell you how much your gold is worth, they will have to take a number of factors into account, such as weight, fineness and how much refining the piece will need in order for it to be restored back into its pure state. The value of the gold will also be largely determined by what the going rate for an ounce of gold is.
At Master Jewelers, we have been in the business of purchasing gold from our customers since 1987. We take all of these factors into account when giving customers trade-in values on their gold. We have over 30 years of experience and make near-weekly trips to the refinery. For more information on our gold purchasing services, click here. We can connect you with one of our experienced jewelry experts to give you a quote on what your gold may be worth.
Our Master Jewelers team is here for you. Whether you are looking to sell your old gold jewelry and replace it with something new or design a custom ring with one of our experts, we will walk you through the process step-by-step. We bring years of education to the table and believe that every love is unique, and therefore, so should your jewelry shopping experience.
Before you set out to sell your gold jewelry, make sure to follow these tips to ensure that you get the best value for your cherished pieces. When you keep these items in mind, you will be able to have a better gold-selling experience.
- Know What You Have. Gold jewelry is rarely made from pure gold. Most jewelry in the U.S. is comprised of gold and other alloys. When selling your gold, you will only get paid for the parts that are pure gold. Also, keep up with the price of gold. Check out websites to give you a reference point when comparing offers.
- Carefully Determine Which Pieces to Sell. Don’t act on a whim. Most of your jewelry has some emotional value. Make sure that the sentimental value does not outweigh the price you will receive in return. Sometimes, it is best to consider broken items, outdated items, or incomplete and missing sets of jewelry.
- Find a Reputable Jeweler. Check with the Better Business Bureau or the memberships a business or jeweler may hold, such as with professional organizations. It is also important to see how long they have been buying gold.
- Protect Yourself. Before leaving your jewelry with – or shipping your jewelry to – a potential buyer, document and photograph the pieces. Check the company’s reimbursement policy in the event of a loss. If the value is significant, be sure to get an appraisal first.
- Be Realistic. For most people, selling gold jewelry will not make you rich. However, it might put some extra dollars in your wallet. Remember that you will only get paid for the amount of gold in your jewelry, minus any other processing or refining fees.
The best place to start is by visiting Master Jewelers today so you can be confident in the advice and service you receive. To learn more read Gold Buying Demystified