Before you go to Sell Gold in Milwaukee, it is smart to educate yourself about how gold buying really works. The most important thing to know is that there are many different kinds of gold, and all gold is not worth the same amount of money. The pure form of gold is 24 karat gold, and it is very rare to see it used in jewelry or flatware. It may be used more often for the purposes of collectible coins or as a decorative layer on fine art like statues. Overall, 24 karat gold is high quality but is just too soft to be worthwhile for most applications. Regardless, it is worth the most money.
Other types of gold include 18 karat, 14 karat, 12 karat, and 10 karat. Each purity has a value that corresponds with how much genuine gold is in it. Since 18 karat gold has the highest proportion of real gold, it is worth the most. The least valuable is 10 karat since greater than 50 percent of the metal is actually a base metal rather than genuine gold. Even though 10 karat is the least valuable, in terms of precious metals it is still highly valuable. For example, it is worth far more than sterling silver is and even worth more than fine silver is.
A gold buyer will typically do two things when presented with gold for sale. First, they will perform a quick test on the metal to determine whether it is genuine gold rather than merely gold plating. Once the metal tests as genuine, the gold buyer will put the gold on a highly accurate metal scale that will reveal exactly how many ounces (and, in fact, how many tenths of ounces) that the metal weighs.
Based on the type of gold, the buyer will then make an offer. Remember that gold prices fluctuate from day to day, so don’t be surprised if an offer is good for only one day. If you plan to Sell Gold in Milwaukee, check out the site for Harry C. Glinberg Jewelers. They are experienced buyers and sellers who will give you the best deal and service in the whole area.
