Gold has remained an attraction for generations for aesthetic purposes, and for the investment value. Gold coins are a great attraction for the investor and the tasteful buyer. They come in different forms and sizes depending upon the utility and price. Gold bars and coins are the most preferred types of variations in shapes. A careful buyer of gold coins for investment or decorative purpose need to ensure seven essential things to provide the value and worth of the gold coins he/she purchase. The seven dimensions to be considered while buying gold coin are Hallmarking, Purity, Packaging, machine craft or hand-crafted, denominations, making charges and Brand value of Jewellery store.
Purity: The most important aspect that a gold buyer has to ensure is the purity of the gold coin or ornaments they purchase. The focus remains that the weight percentage in the alloy and the fineness exists in the gold article. The purity of gold is expressed in carats often represented by ‘K’ . The highest form of purity is 24K, and all other kinds are measured in relation to 24-carat gold. Fineness is measured in parts per 1000. It is the percentage of precious metal against the other alloying elements and impurities in the alloy of gold.
|Purity||Gold content (wt. %)||Fineness|
|24 carat gold||99+||990|
|22 carat gold||91.6||916|
|18 carat gold||75.0||750|
|14 carat gold||58.5||585|
|9 carat gold||37.5||375|
Purchase of Gold peaks in festive seasons making the prices also to soar high. A wise investor in gold will make purchases when the rates are low and when jewellery stores and manufacturers provide various offers during the offseason.