The difference between knowing what the karat of a gold piece is and not is essential. Whether one pursues a gold-buying career or not, it is a precious asset to know for sure what the karat of a gold piece is.
There is no doubt that if one buys, sells, deals, manufactures, and trades precious metal, knowing the karat or the percentage of gold contained in a piece is essential. However, many people will not pursue a career buying gold or other precious metal, but they will buy jewelry, coins, and bars.
More often than not, consumers think they possess pieces that are, for example, 18k, when in reality, their pieces may be 16k, 14k, or even 8k, which is very unfortunate. I have an unfortunate example of a lady client who came and sold me her gold. She told me stories about each piece and how her trusted family jewelry made every piece in the lot. All these pieces were stamped with a 14k stamp; however, when I started testing them, they were all 10k or less…
These stories are too familiar; in our experience, most people cannot identify between karats or percentages of precious metal contained within pieces. Just imagine if you could tell precisely what karat a piece is. If you own any gold, silver, platinum, or diamonds, it is crucial to know the carat of the piece and how much it is worth.
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