Signet rings: Thumbs up or down?
With the current historical heights of precious metal prices, many people see selling their unwanted jewelry and other items made of gold, silver and platinum. By learning the gold marks or the signs that they are known in the trade, you will be better equipped to sell your gold. Like everything else, when it comes to precious metals, it's a good idea to know what you have before trying to sell it.
Most jewelry is labeled or "stamped" with a characteristic that indicates the purity of the material. The keyword here is the most. Some custom-made pieces may be signed or not and may or may not have the carat or purity of the material on the piece. Also, sometimes when a ring has been changed or a piece has been repaired, the labels will be removed in the finishing and not reused. So do not assume that since it is not marked it is not precious metal.
Precious metals are bought and sold based on purity and weight. Jewelry is typically made of and labeled 9k or 3.75, 10k or .417, 14k or .855, 18k or .750 or 22k or .917. This will tell the purity of your piece with 9k being the lowest and 24k being pure gold. Where to find these brands depends on the type of piece you are looking at. The rings are normally marked on the inside of the shaft or part that attaches to the body or head of the body. Bracelets, necklaces and chains will typically be marked somewhere on or around the lock area. You have to look carefully, open the locks and look at the "male" end that inserts. The earrings are tough because the marks are usually very small, but look at the stem or post. Pendants and charms will be marked on the back or the castle (that is the part that the chain goes through)
Whoever you sell your gold to first will look for gold marks to determine purity, and then they will weigh the bit. With the spot price of gold and these other two pieces of information, they can calculate the price you can sell your gold for.
Gold comes in many colors, the most common being yellow, pink and white; Sometimes you see all three in a single piece, called "Black Hills" or "Tri-Color" gold.
Just because your item is white or silver doesn't mean it's gold. If it is labeled 928 or sterling then it is Sterling Silver and if it is labeled PLAT or IRD it is platinum. Both are precious metals and have value.
So look for gold marks or signs and remember the higher the number you will be able to get when you sell your gold.