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15 Precious Metals Terms All Gold Buyers Should Know 15 Essential Terms for Investing in and Selling Gold and Precious Metals When entering the world of precious metals, it is important to familiarize yourself with key terms that you may frequently encounter. Understanding these terms will greatly assist you in making informed decisions when investing in or selling gold, silver, platinum, or palladium. The following are 15 essential terms along with their definitions: Ingot: In the realm of precious metals, the terms "ingot" and "bar" are often used interchangeably. An ingot refers to a mass of metal that has been shaped into a convenient form for shipping, storing, or further processing. Bullion: Bullion refers to precious metals, such as gold, silver, or platinum, that are available in the form of bars, coins, or other types of ingots. Circulated/Uncirculated: Coins can be categorized as circulated or uncirculated. Circulated coins have been used as currency in public transactions, while uncirculated coins have not. Generally, uncirculated coins are in better condition than circulated ones. Proof: Coins labeled as "proof" have undergone a specialized minting process that results in a sharper and shinier appearance. Examples of such coins include Proof Gold American Eagles and Proof Silver American Eagles. Paper gold: Paper gold refers to any form of gold investment in which the investor does not physically possess the gold. Examples of paper gold investments include gold ETFs, gold mining stocks, and paper gold certificates. Spot price: The spot price represents the live trading price of a precious metal. It is determined by the price of the metal's most heavily traded futures contract at a given time. When gold is being traded at its spot price, it is referred to as "spot gold." Fineness/Purity: Fineness or purity refers to the amount or percentage of gold contained in a specific piece. It is commonly expressed as a decimal (e.g., 0.999 pure gold) or a percentage (e.g., 99.90% pure gold). For example, the Canadian Gold Maple Leaf coin has a fineness of 0.9999, indicating that it contains 99.99% pure gold. Karat: Karat is another measure of the purity of a precious metal, such as gold. To calculate karats, multiply the mass of pure gold in a coin by 24, then divide it by the total mass of the coin. Each karat represents 1/24 of the whole, so a 22-karat gold coin consists of 22 parts gold and 2 parts base metals or impurities. 24-karat gold is considered "pure gold." Assay: Assay refers to the assessment of the contents and quality of a precious metal product. If a coin or bar has undergone an assay, it guarantees that the stated amount and purity of metal are present. Melt value: The melt value represents the value of the precious metal content in a coin or bar. It is calculated by multiplying the weight of the precious metal in the item by the spot price of that metal. The melt value is also known as the intrinsic value. For instance, at a spot price of $1,200 per ounce, a 1/2 ounce American Gold Eagle coin containing 1/2 ounce of pure gold would have a melt value of $600. However, the purity of the coin must be taken into consideration, as a coin of the same weight but with lower gold purity would have a lower melt value. Premium: The premium refers to the additional dollar amount or percentage that a coin or bar sells for above its melt value. It represents the cost of acquiring the item beyond its intrinsic precious metal content. Factors such as rarity, collectability, and market demand can contribute to the premium. Buyers should consider the premium when evaluating the overall value of a gold product. Spread: The spread represents the difference between the selling price (ask) and the buying price (bid/buyback price) of a precious metal coin, bar, or trading unit. It can be expressed as a dollar amount or percentage. For example, if a coin has an ask price of $1,000 and a bid price of $800, the spread is $200 or 20%. The spread accounts for various factors, including dealer costs, market conditions, and supply and demand dynamics. Liquidity: Liquidity refers to the ease with which a particular gold coin or bar can be bought or sold on the market. High liquidity implies that there is a large, active base of buyers and sellers for a specific product. For instance, 1-ounce American Silver Eagle coins are known for their high liquidity due to their popularity and widespread recognition among precious metal investors. High liquidity ensures that you can quickly convert your gold holdings into cash without significant challenges. Mint: A mint is a facility where precious metal coins or bars are produced. Mints play a crucial role in manufacturing standardized and authenticated gold products. In the United States, the United States Mint operates several minting facilities, including the Philadelphia Mint, the Denver Mint, the San Francisco Mint, and the West Point Mint. Each mint location may produce different coin designs or variations, and these factors can influence the desirability and value of specific gold products. Numismatics: Numismatics is the study or collection of physical currency, including coins and other forms of currency. A person who collects or studies coins and currency is called a numismatist. Numismatics goes beyond the intrinsic value of precious metals and focuses on the historical, artistic, and cultural significance of coins. Collectible coins, such as the Saint-Gaudens Double Eagle and the Peace Silver Dollar, are highly sought after by numismatists for their rarity, unique designs, and historical importance. By familiarizing yourself with these important terms, you will be better equipped to navigate the world of buying gold. Whether considering premiums, spreads, liquidity, mints, or delving into numismatics, understanding these concepts will enable you to make more informed decisions and maximize your gold investment potential.

Weighing Gold So how do all these terms affect you as a gold seller or a gold buyer? What will your gold buyer tell you and why? A troy ounce is heavier than a regular ounce. Troy weights are used to weigh all precious metals. A Troy ounce = 31.1 grams and a regular ounce = 28.3 grams. The following list breaks it all down for you : 1 Troy ounce = 31.1 grams 1 Troy ounce = 20 pennyweight (or dwt) 1 pennyweight = 1.55 grams 1 gram = 0.645 pennyweight 1 pennyweight = 24 grains 480 grains = 1 Troy ounce All of the terms above may be mentioned when you’re talking about gold. The most common, however, are grams and pennyweight. You will want to be clear for yourself what the gold buyer is talking about when you’re discussing the weight of your items, and what you will be paid. All reputable gold buyers should be willing and able to give you a price per gram or pennyweight over the phone or via e-mail. Again one of the best things to do is tell the buyer the purity of your item (10k, 14k or 18k) and give them an example weight (10 grams is usually really good) and ask them how many dollars you will get for that, and simply call around until you get the best price! I am always willing to make offer if you are selling! text me or even better Whatsapp me =1-509-951-5604

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**Unlocking the True Value of Your Gold Jewelry and gold nuggets and specimens** Inquiries regarding jewelry appraisal and the worth of gold are a frequent occurrence, and individuals often wonder where they can seek an appraisal without falling victim to deception. This article aims to address these concerns by focusing on gold jewelry, assuming that readers are primarily interested in understanding their gold value and the potential returns they can expect. It is crucial to recognize that the question of appraisal might not provide the desired information. What people truly seek is an understanding of their gold's value and how much they can potentially receive for it. Let's delve into this issue and explore the process of determining the actual value of your gold. According to Webster's Dictionary, an appraisal is defined as the act of judging the value, condition, or importance of something. It involves stating an opinion about the worth, condition, or significance of an item. However, appraisals often fail to consider the raw material costs and worth of used, scrap, old, damaged, or unwanted jewelry. For such items, we need to shift our focus to their "worth." Referring once again to Webster's Dictionary, "worth" is defined as the amount of money that something is valued at, its price or cost. It represents the monetary worth of an object, often determined by market prices. Unlike an appraisal, worth is specific, lasts for a specified period, and holds a value in terms of dollars. Considering these factors, determining the worth of your gold jewelry involves various aspects, such as the price of gold or silver at the time of assessment, the market value of any diamonds or gemstones present, the cost of refining or scrapping, and potential repair expenses for reselling. Profit considerations for the company may also be taken into account. It is worth noting that certain jewelry items may fall into unique categories, such as being antique, one-of-a-kind, or rare due to the maker's distinction. However, in most cases, when people inquire about an appraisal, they are seeking to understand the "worth" of their item in the context of selling it. Appraisals are commonly used for insurance purposes, replacement values, or determining taxable worth if donated to museums. We hope this clarification helps to shed light on the distinction between appraisal and worth when it comes to evaluating your gold jewelry. If you have any further questions or require additional information, please don't hesitate to comment or reach out to us through the Contact Us page.

Karat Gold Or Gold Purity Karat Gold – what does 14 karat, or 14k mean? How is karat gold different from gold purity? I get asked these questions quite often and thought I may as well just write this article so you could read and share it with your friends. Lets start with Karats and what they are, 24 karat is 99.9 pure gold and means that something that is stamped 24k would be just that 99.9% pure, HOWEVER its very seldom you will see something stamped as 24k, you will more likely see 99.9 and it will typically be on a gold coin or bar. 99.9 or 24k gold is generally too soft for jewelry and not often used in the United States for gold jewelry. They way to understand what 10k, 14k, 18k and 22k means we will simply do some math starting with 24k and 99.9% (we use 100% for the math purposes) as the starting point. 100 divided by 24 = 4.16, this mean that each “karat” is 4.16% gold, so for 10k we would multiply 4.16 x 10 = 41.6% gold in a 10k ring, or bracelet or charm etc. In all karat type gold we have to always account for 24k, so whats up with the rest you ask? We can look at it this way, 10k gold is 10 parts gold and 14 parts “other stuff” (usually silver, copper, chrome, maybe palladium etc) and will always add up to 24k. So if we take 14k gold, it will be 14 x 4.16 = 58.3% gold, or 14 parts gold and 10 parts “other stuff”…..any questions? (see below :-))100 divided by 24 = 4.16, this mean that each “karat” is 4.16% gold, so for 10k we would multiply 4.16 x 10 = 41.6% gold in a 10k ring, or bracelet or charm etc. In all karat type gold we have to always account for 24k, so whats up with the rest you ask? We can look at it this way, 10k gold is 10 parts gold and 14 parts “other stuff” (usually silver, copper, chrome, maybe palladium etc) and will always add up to 24k. So if we take 14k gold, it will be 14 x 4.16 = 58.3% gold, or 14 parts gold and 10 parts “other stuff”…..any questions? 1k = 4.16% gold = 1 part gold and 23 parts NOT gold 8k = 33.28% gold (sometimes marked as .333) = 8 parts gold and 16 parts NOT gold 10k = 41.6% gold = 10 parts gold and 14 parts NOT gold 12k = 50% gold = 12 parts gold and 12 parts NOT gold 14k = 58.3% gold = 14 parts gold and 10 parts NOT gold 18k = 75% gold (sometimes marked as .750) = 18 parts gold and 6 parts NOT gold 22k = 91.6% gold = 22 parts gold and 2 parts NOT gold 24k = 99.9% gold = 24 parts gold and 0 parts NOT gold There is the 1906 “Gold and Silver Stamping Act” that make it mandatory to stamp silver and “gold” jewelry and in the USA jewelry CANNOT be less that 10k and be sold as “gold jewelry”. One of the major problems with the law was that there were a lot of manufacturers who would “Underkarat” their jewelry in some cases by up to 1 1/2 karats LOW (over 6%) in 1976 the law was amended to ensure that all manufacturers abide by the laws and that the tolerance can not exceed 3/1000 parts less than stamped value. A 14k gold ring from pre 1976 could in fact be as low as 12 1/2 karat

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Metal Detecting For Gold Nuggets The search for gold is one that has fanned the fuel for adventure and enterprise for many generations. It has been thousands of years since the valuable mineral has been discovered and used. Initially for adornment and as an offering to the gods and deities, it was eventually used by modern man in different applications. In today’s setting, gold is used for everything from tooth fillings, cutting equipment, decoration and as currency. Its value has continued to rise over the years. Now more than ever, gold is actively traded in the world markets and so the search for the shiny yellow mineral has become more advanced than ever. Finding a Pot of Gold Mining for gold may be an effective method for extracting nuggets from the deepest recesses of the earth, but the method had cost thousands (if not millions) of lives over the centuries. The environment has also borne the brunt of this abuse, and so alternative methods towards finding the proverbial pot of gold are being tried. One of these new methods is metal detecting for gold nuggets. Metal detecting may not be your preferred method if you’re a large company looking for a large output of gold at the end of the day. However, for small-scale operations or for people who want to try their luck at finding gold, a metal detector is a safe device to use and one that does not require a specific skill set to operate. It is also a very helpful tool for prospectors who want to first make sure that the area they are looking to mine really does have gold in its veins. Why Metal Detectors? Finding gold nuggets through the use of metal detectors is a new development in the area of gold mining. A metal detector, as you may already know, is a handheld electronic gadget that is able to sense metals and objects with metal content even if they are buried deep underground. Gold is classified as a metallic element and so, technology has been applied to make finding it easier. Metal detectors have been overhauled and made more advance so that it can detect traces of gold under tons of earth and rock. In fact, several international companies have invested their resources in developing high-powered metal detectors for this purpose. It makes the job of prospecting potential mining sites easier and gives more accurate results compared to the methods they used before. While it is true that metal detectors cannot isolate gold when it does its searches; advancements in technology have allowed companies to develop metal detectors which can distinguish gold nuggets from iron trash. There are countless metal detectors of different varieties. Each one has its own system and the feature of each one was designed for a specific use or function. Metal detectors that find gold nuggets are generally powered by electrical energy. It pushes power onto a coil which in turn generates a magnetic field. The magnetic field reacts with the metal element or material underground and the device then senses and measures the degree of reaction the object or element is giving off. For the purpose of metal detecting for gold nuggets, modern metal detectors have been fitted so that it can look for deep caches and even treasure. Other than gold nuggets, metal detectors are also useful for finding rare coins and hunting for jewelry which may have been buried in the earth or even underwater. The same principle applies anyway, since gold, in whatever shape and form is still extremely valuable. What Metal Detector Should You Get? If you’re considering getting a metal detector to find gold, you should first ask yourself a couple of important questions. First is how much are you willing to spend, and second is what is your end goal for buying one? The reason you have to set some parameters early on is because you have to establish what kind of detecting you want to do. There are people who only want to make a hobby out of metal detecting for gold. This means that the metal detector will be used a couple of times a week or only during vacation time. If this is your intention, you’re better off with an ordinary metal detector – one that is general purpose. This kind of metal detector is still effective in looking for gold nuggets. The advantage is that because it is general purpose, you can also hunt for coins and pieces of jewelry in various places. However, if you’re serious about metal detecting for gold nuggets, it is advisable that you get the metal detector which has been specifically designed for gold nugget detecting. Be forewarned though, this kind of metal detector isn’t exactly cheap, but for serious gold hunters consider this as a business investment. It does pay off in the end. Metal detectors for gold nuggets still have various types. There are metal detectors which are very sensitive and can detect even small gold nuggets buried very deep in the earth. Others are able to find gold even in very metal-rich soil. Finally, metal detectors are also classified by the size of the coil it has. The bigger the coil, the larger the electromagnetic power it releases, and the larger reaction from the metal it is able to receive and sense. Technology and Metal Detectors: Metal detectors are classified as either VLF also called induction balance and the PI technology or pulse induction. It may sound technical, but it really is simple. Induction balance has the energy in the coil going up and down, like a sine wave. This allows the metal detector to sense even small gold nuggets. The downside is that the readings can be compromised because this type of metal detector is affected by mineralization in the soil. Pulse induction on the other hand, has the energy going on and off for a brief period of time. This allows it to sense the presence of a metal or metallic mineral. This type of metal detector can sense large chunks of gold even they lie deeper in the earth. PI metal detectors are also less sensitive to mineralization and this is why more mining operations make use of this kind of metal detector.

Specific Gravity Test For Gold And Quartz Specimens: Figure out how much gold is in a quartz gold specimen. The simplest way to test specific gravity is weigh the quartz gold specimen in “air” and multiply the weight by 1.9. Then weigh the quartz gold specimen fully submerged in “distilled water” and multiply that weight by 3.1. Minus the wet figure from the dry figure and you will get a fairly accurate specific gravity for that specimen!! You can then approximate how much pure gold is in the piece by using the numbers above. (this formula assumes relatively pure quartz with no pyrites or other country rock attached and 85% pure gold in the specimen) The way I do the test is to place my regular old digital scale on the backs of 2 chairs so that I can put a piece of coat hanger across the weighing platten and hanging a string down from each end like a swing. Attach a rubber band to the 2 strings so that it will “hold” the specimen. Tare out the scale to 0.00 Attach the quartz gold specimen to the string to weigh it first just hanging “dry” Now bring a container of water up under the specimen and make sure the specimen doesn’t touch the sides or bottom of the container, you may have to place the container on some books, or bricks etc so that the water doesn’t slosh around and give false readings SPECIFIC GRAVITY: These following numbers are specific gravity of certain materials: Gold 19.32 Silver 10.49 Sterling Silver 10.36 Coin Silver 10.31 Copper 8.96 Nickel 8.90 Zinc 7.13 Platinum 21.45 Palladium 12.00 Tin 7.30 Lead 11.34 Iron 7.87 Aluminum 2.70 Quartz 2.66 10k yellow 11.60 10k white 11.60 14k yellow 13.40 14k white 13.40 18k yellow 15.50 https://youtu.be/32-PmfmqXpo

Buy Gold Nuggets Online – Learn How **Buy Gold Nuggets Online: The Ultimate Guide to Ensuring Authenticity** Are you considering purchasing gold nuggets online but find yourself overwhelmed by the thought of ensuring their authenticity? Look no further! We've created this comprehensive guide to help you navigate the intricate world of buying gold nuggets online, whether you're a seasoned investor or a curious first-time buyer. **Unveiling the Rarity and Origins of Gold Nuggets** Gold nuggets are nature's hidden treasures, cherished for their uniqueness and beauty. These semi-rare gems are considered native metals and are among the rarest forms of gold found on Earth. Geology experts estimate that a mere 5% of the Earth's gold has ever been mined, and within that small fraction, only 5% exhibits visible, native metallic characteristics. Interestingly, the majority of gold extracted from mines exists in the form of sulfides or finely disseminated microscopic particles encased within rocks. Mining companies crush enormous amounts of rock each day, utilizing chemical processes to extract the elusive gold. However, some gold nuggets, along with larger coarse gold deposits, manage to break free from their rocky confines through natural erosion. These liberated nuggets find themselves scattered across old riverbeds, mountain streams, and even desert landscapes in regions such as Nevada, Australia, and Mexico. **Insider Tips for Buying Gold Nuggets Online** Now that we understand the origin and rarity of gold nuggets, let's delve into the key factors to consider when purchasing them online. Whether you're a collector, an investor, or simply captivated by their allure, these tips will help you make informed decisions and ensure you acquire genuine gold nuggets. **1. Seek Expertise and Reputation** When embarking on your gold nugget buying journey, it's crucial to source from reputable sellers who possess in-depth knowledge about these precious treasures. Look for sellers with positive feedback and solid reputations on platforms like Google, eBay, or the Better Business Bureau (BBB). While coin shops and jewelers may not always specialize in raw or natural gold, exceptions do exist. **2. Start Small, Test the Waters** For new buyers seeking an initial foray into the world of gold, it's wise to start with smaller quantities at reasonable prices. We offer gold purchases as low as $50.00, enabling you to dip your toes into this captivating market. Our selection includes smaller gold nugget lots, weighing just over 1 gram, and even individual nuggets and specimens priced below that range! **3. eBay: A Double-Edged Sword** eBay remains a popular platform for purchasing raw gold nuggets, boasting numerous sellers and listings. However, exercise caution when navigating this marketplace, as misrepresentation is unfortunately not uncommon. We recommend conducting thorough research on the seller's credibility and reputation before proceeding with any transaction. While gold nuggets are indeed rare, small-sized nuggets can be found in quantities that closely align with spot prices (the world market's USD value for 1 troy ounce of 99.9% pure gold). As a general guideline, paying a premium of over 40% above the spot price for quantities of 1 ounce or less may not provide optimal value for your investment. **Ensuring Authenticity: Expertise and Trust** In the realm of gold nugget purchasing, authenticity is paramount. By following the expert advice outlined above, you can confidently embark on your journey to buy gold nuggets online. We understand the importance of knowledge, trust, and transparency, which is why we strive to offer an unparalleled selection of genuine gold nuggets and specimens. With our extensive experience and dedication to customer satisfaction, we are committed to providing you with the highest quality gold nuggets available. Each nugget is meticulously sourced, authenticated, and carefully curated to