The prices of gold are at premium, so now is a good time to sell that unwanted gold jewelry for some cash.
There are three simple tips to determine whether your gold jewelry is real or fake. These tests can be easily conducted in your own home.
1. Markings test – Any piece of gold jewelry manufactured in the United States should have a small karat marking somewhere on the piece that shows the purity of the gold of that item. The minimum marking for gold in the United States is 10 karats, and the maximum is 24 karats (which is 100% pure gold). All you need is a magnifying glass to look for the karat stamp somewhere on the piece.
2. Magnet test – Take any simple household magnet and hold it up to the piece of gold jewelry you would like to test. If your piece is real gold, it will not attract to the magnet because real gold is not magnetized. If your piece does stick to the magnet, then the gold is most likely fake gold.
3. Tarnish test – Real gold jewelry does not tarnish even with a lot of wear over time or in areas of high friction. So if you have a piece of gold jewelry that is showing any signs of discoloration, it is not real gold.
Of course, if you are looking to cash in any gold jewelry, have the pieces appraised by a professional that is certified to do the job, and they will be able to tell you the real value of your gold pieces.
The Nate Berkus Show