* All quotes and estimates are approximate. The real value of the item can be greater depending on many factors.
First, we use an earth magnet to determine if items are clearly not gold or silver. Gold and silver are not magnetic, so moving an earth magnet over the jewelry will tell us instantly if they’re the real thing. Unlike regular fridge magnets, earth magnets are powerful permanent magnets made from alloys of rare earth elements.
The acid scratch test is where we scratch an item on a smooth touchstone (similar to slate). This makes a fine mark on the stone and does not damage the piece in any way. If this test goes well, it may be the only one needed.
If visual and scratch testing methods do not confirm clear results, items can be tested by an X-ray fluorescence scan. The machine used for this test is an incredibly powerful state-of-the-art device capable of providing detailed analysis by measuring the intensity of the generated gold X-rays by wavelength dispersion analysis.
The Specific Gravity Machine determines the purity of gold by measuring its density underwater. We weigh the item once on a normal scale and once under water. The difference in the weights determines the density of the item.
Once all the items have been sorted by karat, we weigh them on a scale. The scale is calibrated regularly and you can ask to have it recalibrated again on the day. Our scale will show you the true weight of your items in grams. Typically we weigh all items identified at a particular karat together, but we can also weigh individual items for you.
Our prices are based on the current market price of gold and silver (check today’s gold price in Canada). Your payout is based on the purity (karat) and the weight of your items. We give you an estimate and leave you to decide which items you wish to sell. There is no commitment on your part.
If you are satisfied with the quote and have agreed to sell your items, the buyer will remove any easily removable stones and inserts and do their best to remove any that you specifically request. On the open market small used stones have little to no value but you may be able to use them in the design of future jewelry.