Sell gold – Learn how to sell gold

Specific gravity test for gold

Specific gravity Test for Gold and Quartz Specimens: Figure out how much gold is in a quartz gold specimen. The simplest way to test specific gravity is weigh the quartz gold specimen in "air" and multiply the weight by 1.9.  Then weigh the quartz gold specimen fully submerged in "distilled water" and multiply that weight by 3.1. Minus the wet figure from the dry figure and you will get a fairly accurate specific gravity for that specimen!!  You can then approximate how much pure gold is in the piece by using the numbers above. (this formula assumes relatively pure quartz with no pyrites or other country rock attached and 85% pure gold in the specimen) The way I do the test is to place my regular old digital scale on the backs of 2 chairs so...

Continue reading

weighing gold

Weighing Gold

Weighing Gold So how do all these terms affect you as a gold seller or a gold buyer? What will your gold buyer tell you and why?  A troy ounce is heavier than a regular ounce. Troy weights are used to weigh all precious metals. A Troy ounce = 31.1 grams and a regular ounce = 28.3 grams. The following list breaks it all down for you 1 Troy ounce = 31.1 grams 1 Troy ounce = 20 pennyweight (or dwt) 1 pennyweight = 1.55 grams 1 gram = 0.645 pennyweight 1 pennyweight = 24 grains 480 grains = 1 Troy ounce All of the terms above may be mentioned when you're talking about gold. The most common, however, are grams and pennyweight. You will want to be clear for yourself what the gold buyer is talking about when you're discussing the weight of your items, and what...

Continue reading