Featured image from Pixabay
Some people believe that anything made of gold or other precious metals is worth a lot of money and hold equal value. If you believe these statements to be true, then you may be surprised to learn that some pieces you own are actually not very valuable at all. However, here are a few tips to help you assess whether your pieces are valuable or not.
Judging Items Made of Gold
There are two main factors that go into determining whether an item made of gold will be valuable and how high its value might be:
- Purity
- Weight
It may seem obvious that the more an item weighs, the more valuable it is. However, sometimes that’s not the case. Some of that weight could be due to other materials that your object contains. Thus, reducing its value. Depending on the materials that are combined in your piece, the process of extracting the gold for refining it might also be difficult.
RELATED ARTICLE: AN OPPORTUNITY IN KIDS BOOKS
The Case of Dental Scrap
One less known situation where you can be absolutely sure that the gold used will be authentic, pure, and valuable, is in dental scrap. Dentists often require a valuable metal when installing restoration work due to its resistance to corrosion.
If you are a dentist, you can take dental scrap to a company like Muzeum Dental Refining. They specialize in extracting and refining precious metals to have the materials stripped and recycled to make them valuable for resale.
Selling Gold for Cash
Are you are facing financial difficulties and looking for a way to make cash in a hurry? One of the best ways to achieve this goal is to sell your gold items you have. Unfortunately, while pure gold is precious, not every item is equally valuable in itself.
It will also help if you are wary about whether you’re selling your pieces to someone who will properly assess its value or try to take advantage of you. In the case of selling dental scrap, for example, you’ll want to work with a company that provides an analysis of your gold to you, so you can be sure you’re getting a fair value in return.
RELATED ARTICLE: DIVIDING BUSINESS ASSETS WHEN GOING THROUGH A DIVORCE
Fool’s Gold
The purity of gold on objects like jewelry, coins, and bullion are usually imprinted somewhere on that object. This allows for a quick, accurate reference. If this isn’t the case, you might just have a object covered in decorative gilding.
Any items you own that only have a gold leaf or paint covering may contain actual gold. However, they contain very little of it and aren’t very valuable.
When you’re selling anything made of gold, you’ll want to ensure that it is valuable. So, make sure you are working with a company you can trust to provide a fair deal. In the case of dental scrap, contact the company in advance to determine whether they provide an analysis of metals.
RELATED ARTICLE: WHAT IMPROVES THE RESALE VALUE OF A ROLEX WATCH?