When it comes to the value of gold, you’ve got a lot of options. You have to think about what it is you’re trying to do, the way you’re attempting to do things, and how this will impact so many different choices that you make.
Gold is usually measured in the form of gold hallmarks. What is a gold hallmark? What does it mean? What makes a gold hallmark what it is? Well, to try and help you figure out exactly how things work, we’re going to take a look at what a hallmark actually is.
What is a Hallmark?
Okay, so what is a gold hallmark? Well, the gold hallmark is something which is basically an authentication system. Gold has to be tested before it can be sold commercially, because it has to be authenticated as being genuine gold. This means that all gold has to be legally certified before it can be sold on the market.
Basically, what this hallmark does is confirm that the precious-metals content of the item in parts for thousand is correct according to recognised industry standards.
Legal Requirements
When it comes to hallmarked gold, it’s a legal requirement in the UK to do so. The hallmarks don’t confirm quality, so much as they sort of tell you about the metal composition itself.
The big problem that a lot of people face is that you can’t tell how much gold is in a certain piece of jewellery without getting it authenticated. You can’t work it out by touch, or by site. This means that a hallmark is the only way to define the carat of a gold, and you cannot sell it for more than it is.
Where Can Gold be Hallmarked?
When it comes to getting a hallmark for gold, you have to apply for the privilege. You can do this by going to one of the four different offices located in Sheffield, Edinburgh, London, and Birmingham.
It is important to understand that gold has a hallmark, because this will influence how you sell it. It’s important to make sure that you know what the carat of your gold is before you attempt to sell it, because this will heavily influence how much you can get, and what you would need to then define it as when trying to sell it.
In conclusion, you do have a lot of different options when it comes to the gold that you sell. Gold hallmarks are designed to make sure that you can understand the value of your gold, and it is important for you to get the best possible options and outcomes. Be wary of any gold that doesn’t have a hallmark, because it may not be worth as much as you think it is, as this is the authentication for genuine gold. Something which doesn’t have it may well be of a lower quality or a false approximation, which wouldn’t be ideal for selling either!
