If you’re like many people, you may have some old gold or silver jewelry lying around at home – pieces you never wear or particularly like. You may have even been left some old jewelry or coins that you have no use for. It’s only natural to wonder if these items can be turned into cash for you to spend on something you will use.
Never worry – your friends here at Carolina Silver & Gold LLC are here to help you out! We’ve assembled a list of signs to help you determine if the things you have are worth real money or if you’d be better off keeping them for sentimental value. Check them out below!
For jewelry – look for a hallmark.
Real silver and gold jewelry that has been made within the last 100 years will often come with a hallmark, or even two of them. Usually one that will be marked is the type of metal – for instance, “18k” for gold or “sterling” for silver. Practically all real gold and silver jewelry comes with this kind of hallmark. The other kind of hallmark will be a manufacturer’s hallmark, like Tiffany & Co. or Cartier, or the name of a local jeweler you might not recognize.
If you suspect your jewelry is older than 100 years old, however, it’s best to bring it to us for an in-depth appraisal.
For coins – look for the date.
In general, the older a coin is, the more it is worth. Coins minted last year are worth no more than the face value, while coins minted decades ago or even centuries ago can be worth a lot more. But keep in mind that coin dates come with a few caveats. For instance, countries like Israel, India, etc. don’t use the Gregorian calendar, so you’ll need to use a date converter to find out how old they are. Also, most European coins from before the seventeenth century don’t include the date.