When it comes to buying and selling gold to your coin dealer, it’s helpful to understand some of the common jargon used when discussing a given item. One of the most important words to become familiar with is “karat,” which is a term used to describe the purity level of a precious metal, such as gold.
Since gold is frequently mixed with other alloys to add strength, manufacturers can declare the percentage of pure gold in a ring, necklace, or bracelet in terms of its karat value. You should know that 24-karat gold represents 100% pure gold. This can help you figure out the percentage of gold in your other pieces of jewelry. For example, 18-karat gold signifies the presence of 75% gold and 25% other metals.
You can learn more about gold by speaking with the professional gold dealers here at Coins of the Realm in Gaithersburg. To schedule a service or consultation with us, call (301) 637-6220.