Purity Tests That Enable You to Get the Highest Price for Gold Mississauga

Trading in gold is one of the most lucrative businesses nowadays. This has led people to assume that you are inevitably guaranteed the highest price for gold Mississauga in your trade-in. Various factors will, however, determine how much you will get for your gold. One of the often misunderstood ones is the purity of your merchandise. The following are the techniques used to assess the purity of gold and set its price.

Visual Inspection

There are specific hallmarks of gold pieces that denote information on their quality and manufacturer. While the hallmarks are at times faked, gold traders look for discoloration along the edges of your items. A discolored item indicates that the piece is not solid gold but rather a gold plated one. Other than visual inspection, your buyer might use a magnet though this is in no way a definitive test.

Nitric Acid Test

This test is used to indicate the composition of your gold. The piece will be placed in a container then a few nitric acid drops added to it, and the reaction noted. Solid gold neither fizzles nor discolors when in contact with an acid. Any fizzling or discoloration of your gold shows the presence of other metals and will thus mar your odds of getting the highest price for gold Mississauga.

X-Ray Fluorescence

Most dealers use this test since it is the most reliable. The gold sample will be bombarded with x-rays, then the results analyzed. X-ray fluorescence works on the principle that different elements generate different wavelengths when exposed to x-rays. If your piece thus has several wavelengths, it is considered impure.

Getting a good dealer is only the initial step for getting the highest price for gold Mississauga. The results of the above tests indicating the purity level of your pieces play a crucial role in the cash you will make. You should also ensure the prevailing markets are favorable for your transaction.