I just got an electronic gold tester...ready for the good and bad news?

[cyberdan]

I got a GT3000 gold tester

I have over two boxes (the size you get your bank checks in) of things that I think are silver but are not stamped. I bought them at yard sales over the last several months. I paid as little as possible because they were not stamped. But I just had a feeling.

Well the bad news first. I checked all my gold purchases and most test out at about 2kt less than what is stamped on the piece. My gold stash is probably worth $100 less than I thought. (one ID bracelet is stamped 14kt, the flat engraved part is 14kt but the chain is 12kt, can't trust anybody any more, not even jewelers)

Now the good news. I tested about 95% of only one box of questionable silver last night and most was silver. I now have 255gr more than I thought I had. About 10% of the box checked out as JUNK. I still have the other box to go.

 

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[SHERMANVILLE ILLINOIS]

cyberdan

It being new, have you backed up the results
with another machine or with chemicals.
Always a good idea with a new tester.

have a good un.
SHERMANVILLE

 

[jim4silver]

I got a GT3000 gold tester

I have over two boxes (the size you get your bank checks in) of things that I think are silver but are not stamped. I bought them at yard sales over the last several months. I paid as little as possible because they were not stamped. But I just had a feeling.

Well the bad news first. I checked all my gold purchases and most test out at about 2kt less than what is stamped on the piece. My gold stash is probably worth $100 less than I thought. (one ID bracelet is stamped 14kt, the flat engraved part is 14kt but the chain is 12kt, can't trust anybody any more, not even jewelers)

Now the good news. I tested about 95% of only one box of questionable silver last night and most was silver. I now have 255gr more than I thought I had. About 10% of the box checked out as JUNK. I still have the other box to go.

Hopefully your testing device is wrong on the gold and your pieces are the karats stamped on them.

This is why I only buy bullion or gold coins of known origin. Gold is too expensive to take chances on. I guess if you can buy it super cheap it is worth the gamble.

Jim

 

[cyberdan]

Hopefully your testing device is wrong on the gold and your pieces are the karats stamped on them.

Oh, I didn't lose any money on them. They are just not worth as much as I thought.
Just have to wait for gold to go up some more.
These charts should be up to date.