How much is my 417 or 416 marked gold worth?
People are getting confused when it comes to 416-marked or 417-marked jewelry. How much is it worth and what does the marking mean? 416 or 417 marked gold merchandise is what we basically understand as 10k gold and is worth $32.69 per gram or $50.67 per pennyweight. The numbers 416 and 417 refer to your item’s purity: 41.6% pure gold or 41.7% pure gold.
Understand 416 gold
In the US, most people know about 10k gold but just some know about 416-gold although we speak about the same gold alloy. Gold merchandise produced in the US for the US marked is mostly just marked 10k without adding a 416-stamp. Gold merchandise marked 416 was often produced in Italy for the US market. Italian law requires from jewelry makers to mark their merchandise based on the gold’s purity (416 for 41.6% pure gold or 750 for 75.0% pure gold). As most people in the US don’t know about 416-gold, they also brand their merchandise with a 10k stamp. To make a long story short 416 gold = 10 karat gold.
What’s in my 416 gold?
416 gold contains 41.6% pure gold, silver, and copper. The percentage of silver and copper added to the merchandise varies with the maker’s desired color/ tone.
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Common 417 Gold Alloy
- 41.7% gold
- 52.0% silver
- 6.3% copper
How much is 416 gold worth?
416 gold/ 10k gold is priced by weight either in grams or pennyweight. You can sell one gram of 416-gold for $32.69 and one pennyweight of 416 gold/ 10k gold for $50.67. The value of your items made of 416 gold depends on the current gold price, which is affected by economy and the world’s politics. Gold is often described as a crisis-metal, with a lot of truth in it, meaning that the gold price goes up if we are faced with unstable economical times or even war.
Difference between 416 gold and 417 gold?
While 416 gold is made of 41.6% pure gold, 417 gold is made of 41.7% pure gold. The value difference is only 0.1%/g or $0.08/g, in other words.
