When we think of gold – many of us think of bullion bars, gold coins or gold jewellery. Globally world consumption of mined gold is about half for use in jewellery, 40 percent for investment purposes and the rest is used in industry.

Gold is a popular symbol for power, richness and royalty – and these representations are what make gold popular for jewellery as well as the softness of pure gold and its ability to be crafted to an almost limitless number of shapes and styles. Gold is often mixed with other alloys for use in the manufacture of jewellery to provide a variety of colour and hardness to gold jewellery with copper being the most popular base metal.

It is because of these “mixed” alloys found in most gold jewellery that the first thing to do when looking for a valuation on your gold jewellery is to identify what the percentage – or carats (k) of gold is present. The basic, and still quite common test is the “acid” test – where literally acid is applied to a scratching of the jewellery. A soft sandpaper is rubbed against the piece to be valued, and the fine dust produced has a few drops of acid applied. The reaction from this turns the acid a particular colour – depending on the purity of the gold, and from this “acid test” a piece of gold or gold jewellery can then be valued.

There is also a more “primitive” displacement method, where your gold item is placed in water and the amount of water displaced can provide an indication as to the purity of the item.

But to get real certainty as to the value of your precious gold jewellery at Ezycash Goldbuyers they have a proper X-Ray machine that accurately identifies the purity of gold in any gold piece, providing you the best valuation for your gold bullion, coin or jewellery.

This clever machine, called the Gold Xpert is manufactured by Olympus and as you can see from the images it provides the most accurate analysis of your gold – enabling you to get the best possible price.

So if you want to see the Gold Xpert in action – take your gold jewellery, gold bullion piece or even gold nugget to the team and Ezycash Goldbuyers and ask for a complimentary X-Ray!

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In more recent history – gold was used a currency and means of exchange between nations.
Current use of gold is split nearly 50/50 between jewellery vs investments and industrial use and its history as coinage has helped gold maintain appeal as an investment.

The first know gold coins were in use in Asia Minor around 600BC and gold coin became a popular European currency from the 14th century.

It was during the industrial era that bills (or cheques) gained popularity representing a face value redeemable in gold – which remained in the bank.

The value of gold is based on its purity. Pure gold is rated as 24 carats (k) and coins generally have another metal added to aid coin hardness which dilutes this purity. English gold crowns coins, which circulated from 1526 and into the 1930s were a standard 22k and American gold coins minted in the early 1800’s had a purity of 21.6k.

Today, gold coins for investment or collector purposes don’t get handled so much (they are certainly not seen in tip jars around town!), so they are minted at 24k. There are a few exceptions but it is the Special Issue Canadian Gold Maple Leaf coin that has the highest purity at 99.999%.

Some gold coins you could find under the sofa cushions;

• Special Issue Canadian Gold Maple Leaf gold coin 24k 99.999%
• Canadian Gold Maple Leaf gold coin 24k 99.99%
• American Buffalo 24k 99.99%
• American Gold Eagle 22k (0.92)
• British gold sovereign 22k (0.92)
• South African Krugerand 22k (0.92)

If you do happen to find one of these coins under the sofa cushion, you may try to do what was an old tradition of biting a coin to check if it was genuine.

An early form of counterfeiting was to cover a lead “coin” in gold plate to pass it off as a full value gold coin. If the coin was a fake – the bite test would leave a clear indentation. A more professional test of the time was to cross check the weight of the coin against its size by passing the coin through a narrow slot.

At EzyCash GoldBuyers –you will be pleased to hear that you don’t need to worry about us breaking our dentures biting your gold coin to check its authenticity – we will use our fandangled analysis machine to do a quick, spit free and accurate test – and ensure you get the best possible price for your gold coins.

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Read more on Accurate Gold Purity Analysis and Testing at EzyCash Gold Buyers.

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Understanding Gold Carats

If you’ve ever bought a piece of gold jewellery, you’ve likely heard the piece described in terms of ‘carats’. The term carat is used as a unit of purity for gold, however carats can also be used to describe mass, or weight of stones such as diamonds or other gemstones. Understanding these terms and measurements can help you determine the value of your gold jewellery.

Due to the soft and pliable nature of gold, it is often mixed, or ‘alloyed’, with other metals such as copper or silver to make jewellery to add strength or hardness. The amount of metal added to the gold is measured to determine the final carat rating of the gold jewellery. Therefore, the carats are used to describe the level of pure gold in a piece of jewellery.

Each carat represents 1/24^th of the whole, so 24-carat gold is pure gold, or 18-carat gold is made up of 18 parts gold and 6 parts of another type of metal, or alloys, such as copper (that is, 75% gold and 25% other metals) etc. The higher the number of carats, then the higher the gold content is in the piece of gold jewellery. This is used for both gold in the form of jewellery and also gold in bullion bars or coins.

It is standard practice for gold jewellery to be stamped with a marking that indicates this metal content. It will usually be placed somewhere inconspicuous on the piece where it will not be affected by size changes or near stones or designs.

Professional gold valuers will use certain measures to ascertain the purity of your gold pieces and determine its true value. At EzyCash Gold Buyers we provide fair and accurate valuations for gold jewellery, watches, diamonds and gold pieces and will offer a fair cash price in exchange for your jewellery.

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Well we have seen some very interesting movement in the price of both Gold & Silver in the last two months, both prices surging forward and now dropping in spot price making selling a very real option for a lot of people.

One question I get asked just about every other day by clients and customers being a precious metals dealer is “what’s happening with the gold price” and “will silver continue to drop or will it continue to climb”.

This is certainly one question I couldn’t hazard a guess to, but I am quite often reminded of one of my old business associates philosophies, he would say to me on quite a regular basis “ what goes up must come down” and if history has taught us anything this is absolutely true, another thing he used to say is “never be ashamed of taking a profit”.

This is one thing I will quite often tell my clients when selling precious metals or bullion (gold, silver, palladium and platinum) is always take a profit, if you can sell today for a profit then do it, everyday you make a profit is another day you’re not making  a loss.

This theory can be applied to the selling of Silver scrap and silver bullion. With the latest highs in silver prices, people are cashing in their old silver scrap jewellery, broken silver jewellery, old sterling silver service ware.

In fact anything with silver in it can be well worth selling at the moment, old silver coins (pre 1946  NZ coins contain 50% silver and can be quite valuable), silver 1oz coins, 1kg bars of pure silver (.999 fine), we will buy anything silver, why not take advantage of the silver prices and take a profit today!

Ezy Gold Buyers will buy just about anything silver, we will make the whole process quick and easy and we promise you will leave us with a smile; you can sell all your old junk silver to us and receive instant CASH.

SO WHAT WILL WE BUY?

EZY GOLD BUYERS WILL BUY AND PAY INSTANT CASH FOR SILVER & STERLING SILVER:

• SILVER JEWELLERY
• SILVER CHAINS, BRACELETS, RINGS
• BROKEN SILVER JEWELLERY
• STERLING SILVERWARE AND CUTLERY
• JUNK SILVER, SILVER CASTINGS
• PRE 1946 NZ COINS (50% SILVER)

WE WILL BUY ANY SILVER BULLION BARS & COINS:

• SILVER BULLION MINTED BARS AND INGOTS
• SILVER COINS OR AMERICAN SILVER ROUNDS INCLUDING:
• NZ SILVER FERN
• AUSTRALIAN SILVER KOALA
• SILVER CANADIAN MAPLE
• AMERICAN SILVER DOLALRS AND BUFFALOSWE WANT TO BUY YOUR SILVER TODAY, SELL YOURS FOR A PROFIT TODAY.

EZY GOLDBUYERS WILL PAY CASH TODAY.

PHONE: 09 570 1511

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Did you Know??

1. The term “gold” is the from the Proto-Indo-Europeanbase ghel / ghol meaning “yellow”, “green”, or possibly “bright”.
2. The chemical symbol for gold is AU, from the Latin word aurum meaning “shining dawn” and from Aurora, the Roman goddess of the dawn. In 50 B.C., Romans began issuing gold coins called the Aureus and the smaller solidus.
3. Did you know that Gold melts at 1064.43° Centigrade. It can conduct both heat and electricity and it never rusts.
4. Did you know that all the gold ever mined by man since the dawn of time would fit into 2 olympic swimming pools.
5. Did you know that the biggest miner and producer of gold is now China, overtaking South Africa, which has for years been the world leader of Diamond and Gold mining.
6. Did you know that in terms of raw material there is about twenty times more silver than gold, but in terms of metal reserves Gold globally has about 1.2 billion ounces where as silver only has about 200 million ounces.
7. Gold has always been admired by humans and its use can be traced as far back as the bronze age 5000 years ago.

• Gold is so pliable that it can be made into sewing thread. An ounce of gold can be stretched over 50 miles.
• The value of gold has been used as the standard for many currencies. After WWII, the United States created the Bretton Woods System, which set the value of the U.S. dollar to 1/35th of a troy ounce (888.671 mg) of gold. This system was abandoned in 1971 when there was no longer enough gold to cover all the paper money in circulation.
• The world’s largest stockpile of gold can be found five stories underground inside the Federal Reserve Bank of New York’s vault and it holds 25% of the world’s gold reserve While it contains more gold than Fort Knox, most of it belongs to foreign governments
• Carat weight can be 10, 12, 14, 18, 22, or 24. The higher the number, the greater the purity. To be called “solid gold,” gold must have a minimum weight of 10 carats. “Pure gold” must have a carat weight of 24.

(facts provided by http://facts.randomhistory.com/2009/03/09_gold.html)

There are many interesting facts about Gold & Silver, one thing we do know for sure is thatGold prices are at an all time high ever in history. What better time to sell your old broken, scrap or out of style gold jewellery to Ezy Gold buyers, we promise to pay the best price on the day and you will receive Cash in hand (no cheques or bank transfers) just a good old fashioned deal.

Call EZY GOLD BUYERS TODAY 09 570 1511

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We will also take a look at silver coins from other countries.

Maybe you’ve stumbled across some old silver coins but you’re not sure about what kind of silver coin they might be. Here’s a tip about identifying silver coins from home before bringing them in to EzyCash Gold Buyers’ Panmure store.

A good place to start is a website set up by a man named James Bucki who obviously has a real love for silver coins and has an enormous silver coin collection. The site is called ‘Coins on About’.

There are about 25,000 photos of coins from more than 400 countries on the site that James Bucki has slavishly scanned and catalogued. You just enter what country your silver coin is from in the menu box to view all the listings and photos. If you find your silver coin you can just click on the image to get more information about it and a potential value.

Then bring the silver coin us at EzyCash Gold Buyers in Panmure, Auckland. We buy old silver coins, silver bullion, silver jewellery, silver ingots as well as gold, diamonds and luxury watches. And we pay a top cash price.

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It’s easy to do and very enjoyable.  But what’s not so enjoyable is finding yourself in a bit of strife with your credit card.

You’ve spent more than you thought and need to clear some debt.

There’s no need to get a high-interest loan if you have gold at home because EzyCash Gold Buyers will buy gold from you for a top cash price to help get you out of debt.

It could be scrap gold, or broken gold, or gold from jewellery that you no longer wear.  Even a gold engagement ring from a former relationship.  Sell gold to EzyCash Gold Buyers.

Have a hunt around home – you may have gold jewellery and not know it.

How to identify gold to sell

Look for a carat stamp on the gold jewellery

If a piece of jewellery has a stamp on it that says ‘9ct’ or ‘375’ this means that the piece is 9 carat gold or 37.5 % part gold and the rest is made up of different types of alloys and metals to harden or colour the gold jewellery.

The weight of gold is measured in carats with 24 carat gold being the purest gold possible.  The number of carats corresponds to the percentage of actual gold in the gold jewellery.  So, if a piece of gold jewellery is made up of 41.7% gold, 41.7% of 24 is 10 which means the gold jewellery has 10 carats.

Carat Hallmarks or Stamps:

8 carat:            8ct or 333

9 carat:            9ct or 375

10 carat:          10ct or 417

14 carat:          14ct or 585

18 carat:          15ct or 750

22 carat:          22ct or kt 916

.9999 (fine gold or pure gold) is called 4 9’s fine gold which is usually, but not solely, restricted to Gold coins or Gold bullion.

Look for gold plating

Use a magnifying glass to look at your piece of gold jewellery.  If the gold has started rubbing off in places to reveal a silver colour underneath, it is not gold jewellery.  It is only gold plated.

Expose the gold to nitric acid

Get scientific and buy a nitric acid test for your gold jewellery.  Using nitric acid on real gold will have no effect on the gold while fake gold will darken.

Look at the colour of the gold jewellery

Gold jewellery’s appearance is more satin and lighter while fake gold looks yellow and shiny.

If you’re still unsure, simply bring your unwanted, broken or scrap gold to EzyCash Gold Buyers.  Come into EzyCash Gold Buyers shop in Panmure,Aucklandand receive an expert valuation from our team who will give you a top cash price.

EzyCash Gold Buyers also buys luxury Swiss watches, they buy silver and they buy diamonds.

Have a happy new year clear of debt thanks to EzyCash Gold Buyers.

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The gold price continues to ride high – take advantage of this by selling your gold to EzyCash Gold Buyers.

In one of our past blogs, we recommended finding gold by panning for gold.  If you’ve tried panning for gold but it didn’t quite deliver for you, we have another idea:

Finding a gold-laden shipwreck in the sea.

Might seem a bit far-fetched but with over three million shipwrecks in seas and oceans around the world just waiting to be discovered – could this be the ticket to your gold windfall?

Of course, the only drawback is finding gold this way takes deep pockets.  The sonar surveys required to find these wrecks are costly and mostly speculative.

Plus, a recent discovery has highlighted the tricky laws surrounding the salvage of gold on shipwrecks.

A private firm has found the location of the HMS Victory – a Royal Navy ship that sank near the UK’s Channel Islandsin the 18^th Century.  The Victory sank in a storm while returning toBritain with a cargo of four tons of Portugese gold – gold that would be worth about 700 million pounds in today’s market.

The ship’s location was a complete mystery until 2008 when Odyssey Marine Exploration found it 330 feet under theEnglish Channel– a full 65 miles from where it was historically supposed to have sunk.

So once you’ve found your equivalent of the HMS Victory on the sea floor – is the hundreds of millions of dollars worth of gold yours for the taking?

Well, it’s a bit complicated.

If you find a shipwreck in international waters then it’s essentially a free-for-all.  Unless, that is, the ship is a state-owned ship.

In that case, the ship belongs to its sovereign nation and you must hand-over the gold to the government.  The plus side being that they are obliged to compensate you for the gold for between 50 and 70% of the gold’s value.

Odyssey finds itself in this situation with the British government over the HMS Victory and is also in dispute with the Spanish government over a wreck it found in theAtlantic.  The Spanish believe it is a frigate of theirs that sunk in 1804, while the company says the origin on the ship is still unknown.

So, reckon finding gold this way is worth it?

Maybe it’s a better idea just to have a hunt round home for scrap gold, broken gold and gold jewellery.  It will probably yield a comparatively smaller sum than 700 million pounds but you’ll still get a top cash price for your gold at Ezy Cash Gold Buyers in Panmure, Auckland.

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In a previous blog, we recommended combing the ocean depths for gold in sunken ships.

We even referenced the case of an American salvage firm going up against the Spanish government over the ownership of

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