Are you trying to sell your gold jewelry? Or are you trying to find a place to sell your gold where you can get the best deal for its worth? Whether you are buying or selling, it can be beneficial to know what you should look for if you’re buying or what a seller may look for in your jewelry. If you would like to buy gold in Chicago, you can continue reading to make sure you take all of the right precautions before investing.
Investigate Gold Purity
If you are investigating the purity of gold, you may see gold rings that are of 10K, 14K, or 18K. The K stands for karat, and it is used to represent the percentage of pure gold in your jewelry. If you see a higher number, that means it is a higher percentage of gold. This could also mean more expensive to buy or more of a profit that you could receive if you are selling. There are a few facts you should know about gold karats before looking to buy or sell. The following facts are as listed:
- To be pure gold means that the jewelry item must be 24K.
- If you are looking at an item of 18K that means that it has 18 parts of the gold, and there are 6 parts of a single or multiple other metals. This makes the piece of jewelry 75% gold.
- Gold that is commonly seen in jewelry stores is 14 karat.
- If you buy jewelry that is less than 14K, over time it may decrease in value significantly. It may be a better investment to purchase a piece of jewelry with a gold content of higher than 14K.
Become Familiar with Other Markings
Other countries may mark gold differently to express the percentage of gold. Therefore it can be essential that you understand these marking as well.
If you are looking to buy gold in Chicago, Chicago Gold Gallery may be able to assist you. Visit www.chicagogoldgallery.com for more information.
