Gold is known to have a high value in the market. Its value is dependent on its total weight and its quality. Gold in the form of coins, bars, or even jewelry has different weight specifications which is based on its pure form. This is because gold items are combined with other metallic components for it to become hard and sturdy.
If this is not combined with other metal, gold cannot be made into bars or any other material in solid form. Therefore, you need to know how much the pure gold weighs when you want to know the true value of gold. Here are some examples of ways you can weigh gold.
Calculate for the percentage. Gold in solid forms are usually marked or labeled to indicate the weight of that gold bar. When you spot that percentage, now use a precision balance scale to weigh it. Note that precision balance scales are also used to weight silver. Now after weighing, you can now solve for the percentage of the true gold which is weight multiplied by the percentage indicated on the bar.
Another way to calculate for the percentage is by using the karat of gold indicated on the gold jewelry. This is very small, which is why a magnifying glass will come in handy. Once you've determined how many karats it is, you can divide the karat by 24 and multiply by 100. An example of this is if the necklace is 12 karats. If you divide it by 4 and multiply by 100 it will give you 50 percent which is the percentage of the actual gold.
Determine the pennyweight. Pennyweight is part of the British weight system which is a method for weighing precious metals. One pennyweight is equal to twenty-four grams or 1/20 of an ounce. This can be seen by using a magnifying glass when you look at jewelry made of gold. Note that most jewelry has such a small indication for pennyweight that it cannot be read with the naked eye.
Remember that the weight of gold, silver or platinum is all best expressed as pennyweight. If what you have is the value in ounces, all you have to do is multiply the value in ounce by 20 because 20 pennyweights are equal to one ounce.
For an easier way to compute for the weight of gold, there are also free online calculators that you can use especially for conversion into the value you want. Also, if you are interested in knowing how to weigh coins, make sure you use a reliable coin catalogue that is also available online.
If you are a serious jeweler, you may purchase online coin catalogues for your personal use, but remember that coin catalogs serve different purposes such as selling, trade, or for the means of collection. Just select the catalog that is most beneficial to you. Given the said tips on how to weigh your gold, now you can determine the right value for your prized possessions.