Importance of gold purity
- Gold purity indicates the amount of pure gold (also known as fine gold) in an item. Pure gold is 24-karat gold, with a purity of 99.99% or higher. Lower-karat gold alloys contain a proportion of other metals, such as copper or silver, to increase durability and change the color of the gold. At Delta Harbour Assets our gold bars are 999.
- The purity of gold directly affects its value. Higher-purity gold is more valuable per unit of weight. Therefore, knowing the purity of a gold bar is crucial for determining its worth in the market.
- Hallmarks are stamped or engraved markings on gold bars that provide information about the item's purity, manufacturer, country of origin and year of production. They are essentially the "signature" of the item and serve as a guarantee of its authenticity and quality.
- Hallmarks may include the gold fineness (e.g., 999 for 99.9% pure gold), the maker's mark or logo, a unique serial number and symbols representing the assay office where the gold was tested and verified.
- An assay certificate is an official document issued by an independent assay office or laboratory that verifies the authenticity and purity of a gold item. It provides a detailed analysis of the gold's composition and quality.
- Key information found on an assay certificate includes:
- Purity: The assay certificate confirms the gold's purity, expressed as a percentage or in parts per thousand (ppt). For example, it might indicate 99.99% purity.
- Weight: The exact weight of the gold item is recorded, often in troy ounces or grams.
- Dimensions: For gold bars, the dimensions (length, width, thickness) may be documented.
- Hallmarks: The assay certificate will validate the hallmarks and ensure they match the stated purity.
- Serial number: If the gold item has a serial number, it will be recorded on the certificate for identification purposes.
- Assay office information: The document will include details about the assay office, including its name, location and accreditation status.
- Date of testing: The date when the gold item was tested and verified by the assay office.
- The assay certificate acts as an official assurance of the gold's quality and can be crucial when you buy gold bars in Oshawa, especially for larger transactions.
Care and maintenance after you buy gold bars in Oshawa
After you buy gold bars in Oshawa, caring for and maintaining them helps to preserve their value and ensure they remain in excellent condition over time.
Handle with clean hands
Always handle gold bars with clean hands to prevent the transfer of oils, dirt, or other contaminants onto the surface of the bars. This can help maintain their appearance and prevent tarnishing.
Use soft, non-abrasive materials
When cleaning your gold bars, use soft, non-abrasive materials like a microfiber cloth or a soft-bristle brush. Avoid using abrasive or harsh cleaning materials that can scratch the surface.
Avoid frequent touching
Minimize unnecessary touching or handling of your gold bars. Frequent contact with the bars can lead to wear and tear over time.
Store in a secure location
After you buy gold bars in Oshawa store them in a secure and dry location to prevent exposure to moisture, humidity and environmental contaminants. We highly suggest you consider using our secure vault storage services.
Use protective sleeves or capsules
If you store your gold bars together or in close proximity, consider using protective sleeves or capsules to prevent scratching and damage from contact with other bars.
Avoid direct sunlight
Prolonged exposure to direct sunlight can lead to color changes and fading of the gold's surface. Store your gold bars in a location away from direct sunlight.
Maintain accurate records of your gold bar holdings, including serial numbers, weights and any relevant certificates of authenticity. This documentation can be essential for verification and insurance purposes when you buy gold bars in Oshawa.
Periodically inspect your gold bars for signs of wear, damage or tarnishing. Early detection of issues can help prevent further deterioration.
Consider purchasing insurance to protect your gold bars from theft, loss, or damage. Insurance can provide financial peace of mind in case of unexpected events.
Avoid harsh chemicals
Do not use harsh chemicals, abrasive cleaners or solvents on your gold bars. These substances can damage the surface and affect their value.
Avoid the temptation to polish your gold bars. While it may seem like a way to maintain their luster, improper polishing can actually reduce their value by removing fine details and altering their appearance.
By following these tips and practicing good care and maintenance practices, you can help ensure that your gold bars retain their value and remain in excellent condition for years to come after you buy gold bars in Oshawa through Delta Harbour Assets.
Buy gold bars in Oshawa and more
Delta Harbour is proud to offer the highest quality:
- Gold bars
- Gold coins
- Silver bars
- Silver coins
- Silver rounds
- Platinum bars
- Platinum coins