The meaning of gold stamps
It’s difficult to assign a cash price to something that has sentimental value. Although it may seem difficult, it isn’t impossible for jewellers and blacksmith’s Jewellery is often sentimental; it may have been a gift, or a reward to yourself, regardless it can cost a small fortune. Letting go of property is always difficult, and even harder when it is jewellery. The secret is in the gold stamps on the inside or back of your gold. Letting yourself be in the dark about this can leave you vulnerable to being catfished and undersold. With all the jargon about carats and karats are they different how is it spelt? What’s the truth and what is its meaning. Shine a golden light onto the matter so you can too.
Gold can come in an assortment of stunning colours. This means that it’s been alloyed with other metals to give it its distinct hue. For example white gold 75% gold 25% nickel and zinc. Different colours indicate different alloy mixes of a variety of metals and percentages. Purity pertains to the percentage of gold within your jewellery. Gold can never be 100% pure because it is too fragile, but the closer you can get the better.
Karats and carats. What’s the difference?
Like purity, karats are a measurement of gold content in relation to other alloyed metals. It is not to be confused with the term “carat”, which is a unit of measurement for gemstones. Gold is special because karats are exclusive to measuring gold content, no other metal like silver or platinum. The highest karat value is that magical value – 24K. All other karatage values are seen as a fraction of 24 parts. So, if you gold says it is 18K it is made up of 18 parts gold and (24-18 = 6) 6 parts other metals. Both purity and karatage are indications of the fineness of the gold.
Knowing your gold’s fineness means you won’t get finessed.
You’ve probably heard about karats, but the lesser known mystery pertains to the 3-digit numbered stamp. It is fundamentally an indication of fineness in a unit of measurement known as ‘millesimal fineness’. Where karats are made up of 24 parts, millesimal fineness a fraction out of 1000 parts, and that’s why they never reach 4 digits – if you recall, gold can never be 100% pure.
So for instance 18K is 18 parts in 24 of pure gold or 18/24ths or if you multiply 18/24 X 1000 you get 750 (750 parts per 1000) or 75% gold. To illustrate, if your gold ring has the stamp 625 on it, simply divide it by 1000 and multiply that answer by 24, it will give you the karat: 625/1000 x 24 = 15k. All roads and codes therein lead to back to gold content. Is your jewellery festooned to its core in aspirational regal 24k magic?
That being said, everyone knows that gold connotes wealth and other sentimental value but that doesn’t necessarily mean all gold contains equal monetary worth. The first step to selling your gold is to knowing it, give liquid finance a call and we’ll make an appointment to meet for your free evaluation. Demystify the golden stamps on the back of your jewellery. Turn your unwanted jewellery to the cash you need to buy the freedom you deserve while staying safe at Liquid Finance.
Liquid Finance gives free evaluation’s for gold and jewellery and provides a safe environment for selling. They will help demystify the golden stamps on the back of your jewellery and turn unwanted jewellery to cash.
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Get a FREE EVALUATION and turn your unwanted gold, diamonds and jewellery into cash, to buy the freedom you deserve. Liquid finance offers a safe and private environment for you to sell your unwanted diamonds, gold, platinum and other jewellery.