Many people find gold jewelry or coins and assume that it is all basically the same. In fact, there is a lot of variation in gold, and it can have a huge impact on how much is paid at gold dealers in Chicago when the gold is taken in for resale. The most valuable of all the types of gold is 24 karat. This type of gold is extremely rare, and it may most often be seen in coins. Coins made from 24 karat gold may actually have a less valuable metal underneath and be coated with 24 karat gold. 24 karat gold is very soft, and when combined with its high price that means that it is not used in jewelry very often.
18 karat gold is the second most valued variety of gold, and it is often used in jewelry such as engagement rings. This kind of gold is best known for its unique color. 18 karat gold is a very warm yellow, which many people describe as a buttery shade. It is very similar to 24 karat gold in appearance, but may but a bit less yellow. The most common kind of gold that is sold today is 14 karat gold. This kind of gold is considerably less yellow than 18 karat gold, and it is harder in nature since it’s mixed with a base metal like copper.
The lowest value in gold today is 10 karat gold. It does look different than 14 karat gold, but the shade difference is not as significant as that between 14 karat gold and 18 karat gold. 10 karat gold is very sturdy thanks to its base metals, and it is thus an excellent choice for jewelry that will be worn on a daily or near daily basis. For resale purposes, 10 karat gold is still desirable at gold dealers, but it will yield a good deal less than the higher karats of gold will.
All gold should be marked with the karat, usually in an inconspicuous place on the inside of the jewelry. If you want to sell some gold to local gold dealers in Chicago, Visit Clark Pawners & Jewelers to learn more today!