Expert Tips for Authenticating and Valuing Your Gold in Houston

by | Nov 19, 2023 | Blog

determining gold values
Gold has been a symbol of wealth and security for centuries. Whether you’ve inherited a family heirloom or are considering selling a piece of gold jewelry, knowing its authenticity and value is crucial. At Sell Gold Houston, we understand the importance of trust and transparency in the gold buying process. In this article, we’ll share expert tips to help you authenticate and value your gold before you decide to sell.

Authenticating Your Gold:

Below are several ways that should help you to determine if what you have is real gold. Sell Gold Houston is also here to help, but the ways listed below you can check from home. Feel free to contact us to help you further inspect your gold.

1. Look for Hallmarks:

Hallmarks are small markings on gold jewelry that indicate its purity. Common marks include 10K, 14K, 18K, or 24K. In some cases, gold is marked with a three-digit number: 417 (10K), 585 (14K), 750 (18K), and 999 (24K).

2. The Magnet Test:

This is a very simple test. Gold is non-magnetic. Using a strong magnet, you can test if your item is gold or a gold-plated material. If the piece is attracted to the magnet, it’s probably not pure gold.

3. The Ceramic Scratch Test:

Gently scratch your gold against unglazed ceramic. True gold will leave a gold streak, while fake gold usually leaves a black streak.

Valuing Your Gold:

1. Understand Gold Purity:

The value of gold is largely based on its purity, measured in karats. The higher the karat, the more gold the item contains, and the higher its value.

2. Weigh Your Gold:

Gold is valued by weight, typically measured in grams or troy ounces. A kitchen scale can give you a basic idea, but for an accurate measurement, professional scales used by gold buyers are recommended.

3. Check the Current Gold Rate:

The market price of gold fluctuates daily. Before selling, check the current gold rate, which is usually quoted per gram or per ounce.

4. Consider the Item’s Craftsmanship:

For jewelry, the craftsmanship, designer, and any gemstones can add value beyond the gold content.

Contact Sell Gold Houston Today For A FREE ESTIMATE

Determining the authenticity and value of your gold can be straightforward with these tips. However, for a precise evaluation, professional assessment is always recommended. At Sell Gold Houston, we offer expert appraisals to ensure you get a fair and accurate price for your gold. Visit us or contact our team to learn more about how we can assist you in your gold selling journey.