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 Replies: 18 / Views: 2,492 |
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Pillar of the Community
United States
3670 Posts |
Buying like that is a gamble for sure IMO, as nothing beats a nice pure gold 1/20th round, like a kangaroo or something you may find close to a C note....
Perhaps in this case or later the gamble will pay off, but I just tend to lean toward a sure thing so to speak. No chance of getting more than what you paid, but at least you know you get at least what you put in it....
To each their own, and we all gotta do our own thing, just my thoughts on the hunt for junk gold, via garage sells or whatever. I bet one loses more sweat, gas, and time looking, then what they make in profitable finds in most cases, even though many of you have found some great items....
I hope it is all real, good luck in the future hunts!
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Bedrock of the Community
United States
11951 Posts |
I agree with bmanofnbc.
When it is stamped 14KP the P stands for plum.
Plum means it is a true mix of 14 karat gold.
watch out for (do not buy)
1/10 10K and 1/20 14k these are gold filled stamps
HGE is heavy gold eletroplate
Edited by GR58
10/04/2011 11:10 pm
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Bedrock of the Community
United States
11951 Posts |
Quote:
How much in value do you think this rounds about If you weigh the sterling/925 in grams separate the 10k and 14K then weigh 10K in pennyweight (dwt) and 14K in pennyweight I could tell what we would pay not the 1/20 12K |
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Valued Member
 United States
143 Posts |
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Pillar of the Community
1283 Posts |
Scrap is bad buy unless you know enough about it to make well informed decisions, stick to coins
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Valued Member
United States
143 Posts |
Can anybody tell me what these symbols mean?
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Valued Member
United States
143 Posts |
Soooo.... are these markings good or bad?
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Valued Member
United States
143 Posts |
Can anyone give me any info on these marking please. Is it good gold or bad?
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Bedrock of the Community
United States
11951 Posts |
Quote:
Scrap is bad buy unless you know enough about it to make well informed decisions, stick to coins This is really good advice. When buying scrap gold/silver, it is not just seeing how it is stamped. I see scrap gold and silver every week that has a good stamp and test show it is not real. You have to know how it should look. You should also have a very good magnet to test it with. And you should do a scratch/acid test. |
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Valued Member
Canada
442 Posts |
If you're only keeping it for scrap, do the scratch test like suggested. Best way to know for sure.
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Valued Member
United States
143 Posts |
Well Had all the gold tested and it was a big bust. They were all plated. When buying gold it has to say KT not K. I still at least got 12 dollars for that junk. I've been doing realy good buying gold scrap till now. The jeweler went over everything that I need to look for as far as gold so lesson learned. Ya know what they say win some lose some.
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Pillar of the Community
United States
7840 Posts |
I believe that the Army Good Conduct medal (WWII Type, sewn down clasp) was not made from precicous metals. The Retired/Discharged pin (Ruptured Duck) was Gold-Filled. IMHO A good PM buy? No.  Nice historical pieces? Yes!  Edited by oih82w8
10/06/2011 10:02 am
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Rest in Peace
United States
9104 Posts |
Did they test it in front of you? All that stuff should be solid 10K, the other markings being symbols for the maker.
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Valued Member
344 Posts |
anytime you are getting multiple ounces of gold for $100 I would say to assume its fake lol.
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Rest in Peace
United States
9104 Posts |
Not necessarily. Friend of mine asked about jewelry at a yard sale, and the woman said her mom had some she hadn't put out yet.
He pointed out that the stuff was high-end, certainly worth more than 50¢ each. Dotter said that was OK, mom kept what she wanted, and she pulled the ones she liked.
Long story short, he bought the boxful for $25 and sold just the Tiffany sterling stuff for $3,000.
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Posted 10/04/2011 11:04 pm
