Gold, gold, gold! Uncover the true nature and hidden value of your old gold

Are your old gold jewelry, bars, and coins just sitting quietly in a drawer, gathering dust? Don't underestimate them! Every piece of old gold may hold unexpected value. But to successfully monetize these "old treasures," you first need to understand their true nature—the type, purity, and potential value of the gold. Today, we'll be a gold sleuth and take you on a journey of discovery!

More Than Just Sparkle: A Look at Common Types of Old Gold

There's more than just one kind of gold ! Common used gold on the market varies greatly depending on its purity and purpose:

• 24K Pure Gold/999 Gold : This is the purest form of gold, theoretically reaching 99.9% purity or higher. You'll see "999," "999," or "999.9" stamped on gold jewelry, bars, and coins. With its soft texture and golden hue, it's a popular choice for traditional jewelry and investment bars.

• 916 gold (22K gold) : 91.6% pure gold, with the remaining 8.4% made up of other metals (such as copper and silver). Due to the inclusion of these other metals, 916 gold is harder and suitable for creating jewelry with a more distinctive design and greater wear resistance, such as many karat gold pieces.

• 18K gold : 75% pure gold, with the remaining 25% being other metals. This metal is one of the most commonly used in the jewelry industry because of its high hardness and malleability, allowing it to be crafted into a variety of intricate designs and colors (such as white gold and rose gold). Despite its lower karatity, 18K gold can also offer greater design and brand value.

• Gold coins and bars : These are typically high-purity gold and are primarily intended for investment and preservation. Their value is primarily determined by their gold content and less by processing costs.

Understanding these basic classifications can give you a preliminary understanding of the old gold in your hands.

Sharp Eyes: Tips for Preliminary Identification of Old Gold Purity

While professional appraisal is essential, there are a few tips that can give you a rough idea of ​​the purity of old gold :

• Check the markings : This is the most direct way to tell if a piece of gold is genuine! Most legitimate gold jewelry or bars will have a purity mark, such as "pure gold," "999," "916," or "18K." Gold jewelry in Hong Kong often has a small stamp on the metal surface.

• Color : The purer the gold, the darker and more golden it is. Karat gold can vary in color due to the addition of other metals, such as white gold appearing silvery white and rose gold having a pinkish hue.

• Magnetic test : Pure gold is not magnetic. You can place a strong magnet near old gold. If the gold is attracted to it, it is likely not pure gold or contains a lot of other metals.

• Weighing : Gold has a higher density, so an object of the same size will be much heavier than other common metals (such as copper and iron). Weighing it by hand can provide a rough estimate.

Keep in mind that these tips are for reference only; professional gold identification requires specialized equipment and experience . If you want to accurately assess the value of old gold , be sure to seek help from a professional recycling agency.

Why is professional identification important?

The old gold in your hand may not just be gold jewelry. It may:

• Inlaid with gemstones : The value of diamonds, jade or other gemstones usually needs to be assessed separately and will not be included in the gold recycling price.

• Specific brand or design value : For some well-known brands of designer K gold jewelry, the recycling price may not only be calculated based on the purity and weight of the gold, but also take into account its market liquidity.

• There is craftsmanship loss : old gold jewelry will wear out during the wearing process, resulting in weight loss; some jewelry with special craftsmanship may also have some craftsmanship loss deducted during recycling.

Therefore, entrust your old gold to a professional recycling agency like Hong Kang Trading Company . They will use sophisticated testing equipment, such as spectrometers, to accurately determine the gold's purity and consider all influencing factors to provide you with a fair and transparent recycling quote. Let your old gold realize its full value!