16 Jul 2018
Gold is still as desired as it was thousands of years ago, and many people still prefer gold for their jewelry pieces. But many people do not know the quality of the gold they are purchasing, and that there are various types of gold plating, you can alternatively use in your jewelry pieces.
To understand the different types of gold-coating from jewelers in Salt Lake City, AAA Jewelers recommends that you need to look at the metal’s quality stamp. The kind of gold plating used is found in the initials on the quality stamp. Here are several gold plating options you will come across.
If your piece is gold-plated it means it has a thin gold layer on its surface. The base metal of your jewelry can be brass or stainless steel. For a piece to be termed ‘gold-plated,’ its gold layer should be not less than 7millionth of one inch, and it should contain more than 10K gold. Gold plated jewelry is indicated on its stamp as GEP or GP.
This jewelry is also called rolled gold-plated. It has a broader gold coating compared to gold-plated jewelry and is more durable. Rolled gold-plated jewelry pieces have more than 10K gold, but this content might be less than 1/20 of your jewelry’s weight. The underlying metal in this jewelry is stainless steel, copper or brass. The stamp of a gold overlay has G.O or R.G.P initials.
The gold content of gold filled pieces is more than 10K and more than 5% of your jewelry’s weight. With proper care, gold filled jewelry neither peels off nor flakes and is harmless for those with sensitive skin. Gold filled pieces have a GF mark on their quality stamp.
From the above options, you can now choose the right gold jewelry piece without spending too much. You also understand gold plating much better and pick the best piece for you. Get a genuine jeweler and start revamping your gold jewelry collection.
30 May 2016
It is well established by investing in gold is a good way to hedge against, and investing in gold sovereign coins is even better. Gold sovereigns in the UK have intrinsic as well as numismatic value. That is, they have value for the gold they contain, and as collectables.
Here are some reasons you should buy the 2015 sovereign, and where.
The 2015 sovereign contains gold worth £202 in today’s gold market, but sellers peg it at a minimum of £227.80. This is bound to rise because the 2015 sovereign has only the fifth depiction of Queen Elizabeth II in more than 60 years as a reigning monarch. Its numismatic value will rise as more people buy it as a collectable because the supply is dwindling. Since it is a new issue, most of the sovereigns for sale are in FDC (Fleur-de-Coin) condition. Speculators can realise a nice profit if they choose the right time to sell.
Back in the day, only dealers could purchase bullion coins like the 2015 sovereign directly from the Royal Mint for investment purposes. That is no longer true. Starting a few years back, it started selling bullion coins to anyone that cared to buy them. However, buying directly from the Royal Mint may not give you the best value. You have the assurance that the coins are genuine, but its selling prices are not the lowest in the market. You may be able to get genuine coins from reputable online dealers at better prices. Some may even offer free delivery.
Most sovereign coins sold for investment are likely to appreciate over time as long as they remain in good condition. While gold prices may fluctuate, the numismatic value of the 2015 sovereign and others of its kind are likely to remain steady. Some will appreciate more than others will, so you should do your research before making a purchase. This, together with its intrinsic value, makes gold sovereign coins a good way to invest your hard-earned cash.
The 2015 sovereign is a good example of why you should invest in gold sovereigns. Its gold and collectable value are likely to increase over time. It is a good idea to compare prices of online sellers before purchasing to get the best deal.