How to Determine if Your Gold or Silver is Real

  • By lemaster
  • 17 Aug, 2017

Before you choose to buy gold or silver, you’ll want to make sure that what you are paying for is the real thing. The same goes if you want to try to sell silver or gold. After all, the last thing you want to find out at the jewelry store is that the “gold” chain or “sterling silver” bracelet you’re trying to sell is nothing of the kind!

 

Here at Carolina Silver & Gold LLC, we want to help you make a sound investment and avoid any potential embarrassment. Here are a few ways to check if the gold or silver item you plan to purchase or sell is real:

 

1. Check for a hallmark

Nearly all real gold and silver items are marked with a hallmark, which displays the karat weight of the gold or silver jewelry (10k, 4k, etc.) This stamp can typically be found on the clasp of a necklace or bracelet, or possibly on the inner band of a ring.

 

2. Does it Sink or Float?

One way to make sure your gold or silver jewelry is real is to place it in a bowl of water. If the jewelry sinks, it is real. If it floats, it is most likely fake.

 

3. Testing with a Magnet

Real silver and gold will not react when placed near a magnet. If the silver or gold is attracted to the magnet, this means that there are metals within the piece that are not genuine.

 

4. Acid Test

Acid tests are one of the most telling tests to determine whether your silver or gold jewelry is real. However, this test could potentially damage the object. It is also important to wear the proper safety glasses and gloves. If a creamy, gray or light green color appears when the acid is applied, the item is most likely fake.

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By lemaster 08 Nov, 2017

Collecting coins is a great hobby, but if you’ve never before tried to buy rare coins, it can be difficult to know where to begin. All coins are theoretically worth something. How can you know if the coin you’ve found belongs in your collection or in the jar of loose change you keep on your dresser?

Don’t worry – we can help. We’ve assembled this list of things to look for in rare coins you’re hoping to buy or sell. With a few quick tips, you can be in a much better spot to have an idea whether a certain coin is worth your time or whether you’re better off looking elsewhere.

Date, Country, Denomination

The first thing you want to do is determine just what sort of coin you are looking at. Find out the country where it was issued, the date of the coin, and the denomination. This information is essential if you want to look up the value of the coin.

Sometimes it’s easy to find all of this information: it’s written right on the coin. Other times, you might have to do some detective work. Buy some books on different coin values, or try to do some internet research. There is a wealth of information out there; all you have to do is find it.

Condition

The condition of a coin, also known as its grade, plays a large role in determining its value. For the most part, the better the condition, the more valuable the coin. That being said, don’t try to “upgrade” your coin’s condition yourself. Cleaning, polishing, and other ways to improve the appearance of your coin can actually damage its value. Many numismatists (coin collectors) prefer coins to have their original patina.

Rarity

Generally, the rarer the coin, the more valuable it is. Even relatively common coins, like Indian Head pennies, have a couple of examples that are very rare and thus very valuable. This is where the research you did earlier to identify the coin will prove its worth.

Your Interests

If you’re starting to collect rare coins, one of the first things you find is that there are many, many possible coins to collect. In order to keep your collection to a reasonable size, it helps to narrow things down. Do you have a favorite decade or period in U.S. history? Collect coins from that era. Is there a particular coin motif or style that appeals to you? Collect coins that show that. Do you want to build a collection to pass down to other family members? Try to collect coins from significant dates in your family’s history – for instance, the years family members were born, got married, founded a business, etc.

And always remember, whether you’re looking to buy coins, sell rare coins, or simply learn more about coin collections, it helps to have a coin dealer you can trust. You can always turn to Carolina Silver & Gold LLC for help and advice. As a coin buyer and seller, we can help you add to your collection or help you get your investment to pay off. Stop by today or give us a call to learn more.

By lemaster 17 Aug, 2017

Before you choose to buy gold or silver, you’ll want to make sure that what you are paying for is the real thing. The same goes if you want to try to sell silver or gold. After all, the last thing you want to find out at the jewelry store is that the “gold” chain or “sterling silver” bracelet you’re trying to sell is nothing of the kind!

 

Here at Carolina Silver & Gold LLC, we want to help you make a sound investment and avoid any potential embarrassment. Here are a few ways to check if the gold or silver item you plan to purchase or sell is real:

 

1. Check for a hallmark

Nearly all real gold and silver items are marked with a hallmark, which displays the karat weight of the gold or silver jewelry (10k, 4k, etc.) This stamp can typically be found on the clasp of a necklace or bracelet, or possibly on the inner band of a ring.

 

2. Does it Sink or Float?

One way to make sure your gold or silver jewelry is real is to place it in a bowl of water. If the jewelry sinks, it is real. If it floats, it is most likely fake.

 

3. Testing with a Magnet

Real silver and gold will not react when placed near a magnet. If the silver or gold is attracted to the magnet, this means that there are metals within the piece that are not genuine.

 

4. Acid Test

Acid tests are one of the most telling tests to determine whether your silver or gold jewelry is real. However, this test could potentially damage the object. It is also important to wear the proper safety glasses and gloves. If a creamy, gray or light green color appears when the acid is applied, the item is most likely fake.

By lemaster 13 Jun, 2017

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.

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