Gold is one of the most valuable substances on the planet, and although the exact value of it goes up and down based on market fluctuations, right now the price of gold is at all time high. If you own any gold, or even jewelry or other items containing gold, today is the time to sell it, before prices drop down again. One thing to keep in mind is that you can’t tell at a glance if a metal is gold or not, and so you might have a necklace made of white gold and not even know it. On the other hand, some items which are sold as being gold are actually counterfeit, so how can you determine if your gold is real?
Often counterfeit gold is copper, and yes, it will turn your skin green.
Most people have heard of “fool’s gold,” which isn’t gold at all but a mineral called Pyrite. Despite its name, and the fact that in its natural state embedded in rocks Pyrite does resemble gold, Pyrite’s composition does not make it a useable counterfeit for real gold in jewelry. Often counterfeit gold is made of copper, which when used for jewelry will turn your skin green. That’s one easy way to tell if a “gold” ring is fake!
If the item is attracted to a magnet, it is counterfeit.
Another easy giveaway if a supposedly gold item is counterfeit is to take out a magnet. Real gold is not magnetized, so if the item is attracted to the magnet then it is obviously a fake. This is far from the only test needed to make sure if your jewelry, coins, or what have you is actually gold, since many of the materials used by counterfeiters are also non-magnetic.
Most gold has been marked with a stamp indicating its purity.
Looking for some kind of marking on the item is a good second step, as genuine gold is often—though not always—stamped in some way. This stamp is a number that indicates the gold’s purity. Once again, though, a clever counterfeiter may stamp their artificial gold in a similar way to fool buyer’s, and so this is not a definite indicator of genuine gold, either.
If you bite gold, it is soft enough to leave tooth marks, and people have really used this method.
In the olden days, people would often bite gold, to make sure it was real. They did this because gold is soft enough that tooth marks would be left in genuine gold. Nowadays, however, we know this isn’t the best way to test gold, since gold-plated lead and other counterfeit materials may be soft enough to show tooth marks.
Check the items density.
The best way to test gold is to measure the density of the item, since gold is one of the densest of all metals. This sort of test can require special equipment or complicated mathematical equations. Rather than spending all the time trying to figure out these factors or relying on the above-mentioned tests, none of which are perfect, the best way to test your gold for authenticity is to bring it to a professional.
Les worked with Gold Buyer KC, and he enjoys sharing information about personal finances.
How Do I Know If My Gold Is Real?,