Gold is one of the most precious metals in the world, and it has been prized for its beauty and value for centuries. Unfortunately, there are many people who try to sell fake gold bars or jewelry. It is important to be able to spot it so that you don't get scammed. There are some things to look for and some simple tests that will help you evaluate any piece of gold.
Conrad Morris & Associates (CMA) hosts buying events in the central Florida area, but we primarily do home visits, so our customers can sell their valuables from the comfort and safety of their own home. Senior citizens and veterans get a selling premium with CMA! We have the experience and knowledge to help you determine what your jewelry or coins are worth and how much you can expect to get if you sell. We can also spot fake gold from a mile away, so if you have questions, please contact us.
Here are a few tips on how to spot fake gold:
Check the stamp: Most real gold jewelry will have a stamp that indicates its purity. These stamps are also called "hallmarks". The most common purity stamps are 10K, 14K, 18K, and 24K. 24K gold is the purest, while 10K gold contains less gold and more other metals. If a piece of jewelry does not have a stamp, or if the stamp is difficult to read, it is likely fake.
Do the scratch test: Gold is a relatively soft metal, so it can be scratched easily. If you gently scratch a piece of gold jewelry with a copper penny, it should not leave a mark. If it does leave a mark, it is likely fake.
Do the acid test: This is a more reliable way to test the purity of gold, but it can also damage the jewelry, so be careful and consult a professional. To do the acid test, you will need a bottle of nitric acid. Apply a small drop of nitric acid to the gold jewelry. If the jewelry turns green, it is likely fake. If it turns milky white, it is likely real gold.
Do the weight test: Gold is a very dense metal, so it is heavier than other metals. If you hold two pieces of jewelry that are the same size, but one is heavier than the other, the heavier one is more likely to be real gold.
Take it to a jeweler: If you are still unsure whether or not a piece of jewelry is real gold, you can take it to a professional for them to test it - a professional like Conrad!
It is important to note that some fake gold jewelry may be plated with a thin layer of real gold. This makes it difficult to spot fake gold using the scratch test or the weight test. If you are unsure whether or not a piece of jewelry is real gold, it is best to take it to a jeweler for them to test it.
Here are some additional tips to help you avoid being scammed when buying gold:
Only buy gold from reputable dealers: Do your research to find a reputable dealer before you buy any gold. You can ask friends, family, or colleagues for recommendations, or you can search online for reviews.
Be wary of low prices: If a gold dealer is offering gold at a price that is much lower than the market price, it is probably too good to be true.
Don't be pressured into buying: If a gold dealer is pressuring you to buy gold, it is a sign that something is wrong. Take your time and make sure you are comfortable with the purchase before you make a decision.
By following these tips, you can avoid being scammed when buying gold and ensure that you are getting the real deal.
Gold Price
It's important to watch the spot price of gold when you are looking to buy or sell. CM+A can help keep you informed of the most recent movements in the price of gold. As always, we take a look at two charts to help provide some perspective on the price. The previous 30 day chart can show you the recent trends and the previous 365 day chart gives a larger context to the current trend.
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Gold Spot Price Last 30 Days | Gold Spot Price Last 365 |
CMA Is Always Real
At CMA, we take pride in our loyal customer base and high level of customer satisfaction. Conrad has been working in Florida and Indiana for over 40 years and that type of longevity only happens when you have satisfied customers. We're committed to giving you the best value for your gold, silver, coins, jewelry, and precious gems. We understand people are afraid of scams--and they should be, but you can always trust CMA! So, whether you're buying, selling, or simply curious about gold and other precious metals and gems, you can count on CMA to guide you through the complexities of this industry.
If you have any questions or are ready to explore the world of precious metals with CMA, don't hesitate to reach out. We're here to help you uncover the value of your treasures and make your journey as dazzling as the finest gems! And don't forget, senior citizens and military veterans receive an additional 5% increase in price on all sales to CMA, aside from bullion.
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