GOLD AND PRECIOUS METALS

Gold
 

PHYSICAL PROPERTIES PROPERTIES OF GOLD
 

Crystal system: Cubic
Chemical Formula/composition: gold is a native element, symbol is Au (from the Greek word for gold)
Crystal habit:  Crystals are rare, found as leaf, plate, nuggets, and electrum
Hardness: 2-2.5 on Mohs scale in its pure state (softer than a fingernail).
Specific gravity: 19.33
Luster: Metallic
Toughness: not tough, but extremely malleable and ductile.
Cleavage: None
Optics: opaque
Color: shades of yellow or amalgamated with other substance may even be a black color
Other: Melting point of 1945 degrees Fahrenheit (1063 degrees C)
Localities:
Common simulants: Gold plate, plastics, Pinchbeck (a type of brass)
Synthetics: None, though alchemist tried for centuries.  The elusive philosopher's stone was supposed to turn lead into gold.

Gold is one of the most desirable and  precious metals. What makes gold valuable, along with its scarcity, are its physical properties that have made it the most popular metal for use in jewelry. Platinum and silver are also very desirable for jewelry and are discussed briefly.

Gold from a gold vein.

Gold has been known since ancient times.  Its color pleases almost everyone.  Its softness and only moderate melting point allowed it to be worked even in cultures that were relatively primitive (pre-industrialized).

Gold is more malleable than any other metal and can be hammered or rolled into foil so thin that it is nearly transparent and thinner than writing paper Its great ductility allows it to be drawn into wire so fine it can barely be seen ( a gram of gold can be made into a wire that stretches approximately 3 km [2 miles]).

Gold also has the ability to withstand tarnishing (oxidizing) and corrosion, it stays bright and the color never fades with time.  For instance, gold jewelry recovered from ancient Egyptian tombs is as wearable today as it was 4000 years ago.

Gold is scarce and therefore expensive.  Only 152,000 metric tons of gold have been mined the world over since the beginning of time.  These physical properties make it extremely desirable for making jewelry.  Besides jewelry, it has industrial applications in electronics and so there is high demand.

Though soft in its pure state, fortunately, gold becomes harder when alloyed with various base metals.  You would not want to have a pure gold ring because it could easily get bent and deform on your finger and be difficult to remove.  Luckily it is able to bond with other base (non-valuable) metals. This property gives rise to the many different colors available in modern gold alloys (described below). Gold is found in nature with other metals in alloys, one example is electrum which contains more than 20% silver. When gold is mixed with other metals by man it said to have been alloyed (chemically combined).  The less valuable metal is referred to as base metal.  The gold usually become harder and the melting temperature of the resulting alloy is changed. 18K (75% gold and 25% base metal [50% silver and 50% copper mixed with the gold]).  Yellow gold has a melting point of 1675 degrees Fahrenheit and 14K (58%) yellow gold has a melting point of about 1550 degrees Fahrenheit.

Gold has a specific gravity of 19.33, silver has a specific gravity of 10.7, and Platinum has an SG of 21.4. Platinum has a melting point of 1945oF. , (1063 oC).

TYPES OF GOLD MADE BY AMAGALMATION

Yellow gold--50% silver and 50% copper
White gold--Nickel, zinc, copper, tin and manganese (the nickel and other impurities can cause allergies).
Pink (rose) gold--90% copper and 10% silver
Green gold--High proportion of silver or cadmium
Blue gold--Some iron
Grey gold--15-20% iron

Other terms for gold that you may see:
RUSSIAN GOLD FINISH--matte, has an antique-look .

VERMEIL--Vermeil is gold-plated silver. Occasionally, gold-plated bronze is referred to as vermeil. Production of vermeil was banned in the early 1800s; however, when it was discovered that the mercury used in the process caused the craftsmen to go blind.  Mercury is often used to amagalmate gold and silver, and that is one reason why silver fillings (amalgum) are out of fashion.

PINCHBECK--Pinchbeck (aka "false gold") is an alloy of copper and zinc, which makes it a type of brass,  with no gold. It was invented by the British watchmaker Christopher Pinchbeck (1672-1732) and consists of 83% copper and 17% zinc.  It looks remarkably like gold (so get a gold tester before you buy a watch or chain on the street or you may have a green ring around you neck!).  The term PINCHBECK also means counterfeit, cheap, or  tawdry.
 

GOLD PURITY

The purity of gold is defined by the term karat (K), which is 1/24 part of pure gold by weight. Pure gold is equivalent to 24K. Gold purity may also be described by its fineness, the amount of pure gold in parts per 1000. For example, a gold ring containing 750 fine gold has 750 parts (75%) gold and 250 parts (25%) of other base metals.      What is the karat weight of 750 gold?

The United States Federal Trade Commission rules require that all jewelry items sold as gold shall be described by "a correct designation of the karat fineness of the alloy." No jewelry item less than 10K may be sold in the United States as gold jewelry.

Karat Value Definitions: The following table lists the relationship between different international gold markings.
GOLD PURITY
Karat Gold Parts Gold Percentage Gold Normal European Stamping
9 K 9 in 24 37.50% 375
10 K 10 in 24 41.67% 416
12 K 12 in 24 50% 500
14 K 14 in 24 58.33% 583 or 585
Fill in __ K? _ ?in 24 75% 750 (see question above)
22 K 22 in 24 91.67% 917
24 K 24 in 24 99.99% 999 or .99999
 
WEIGHING PRECIOUS METALS

The weight of a piece of gold jewelry is a factor that helps to determine its value. It is important because it is an indication of the amount of fine gold in an item of jewelry. Grams (g) and pennyweights (dwt) are the units of weight most commonly used in weighing gold. Gold and silver are almost always weighed in the troy system of weights,where one pound troy equals twelve troy ounces and twenty pennyweights equal one troy ounce. The avoirdupois weight system, where one pound equals 16 ounces, is used in the United States for almost everything except precious metals. The following table summarizes useful weight conversions.

WEIGHT CONVERSIONS
1 gram (g) = 0.643 dwt = 0.0032 oz t = 0.035 oz av
1 pennyweight (dwt) = 1.555 g = 0.05 oz t = 0.055 oz av
1 troy ounce (oz t) = 31.103 g = 20 dwt = 1.097 oz av
1 ounce avoirdupois (oz av) = 28.3495 g = 18.229 dwt = 0.911 oz t

Platinum

Crystal system: Cubic
Chemical Formula/composition: Platinum is a native element, symbol is Pt
Crystal habit:  Crystals are rare, nuggets
Hardness: 3.5 on Mohs' scale in its pure state (harder than calcite).
Specific gravity: 21.45
Luster: Metallic
Toughness: more brittle than gold, can not be hammered into jewelry, not as ductile.
Cleavage: None
Optics: opaque
Color: shades of gray
Other: Melting point of  3222°F (1772°C) (very high melting point)
Localities: Rustenberg, South Africa; Former Soviet Union, South America
Common simulants: White gold (a mixture of gold and palladium), Palladium (considerably cheaper)

Platinum is typically sold using the finess scale described above as "Normal European Stamping."  That is parts out of 1000.  Platinum is preferred to white gold because it is both rarer and harder in its pure form.  Platinum sells for over $1000 per ounce (July 4, 2008 price was around $2,001 per ounce; gold at that time was $933.45).


Platinum nuggests the largest is approximately 1.5 inches across.

Platinum is a member of the platinum group elements that include five other metallic elements, palladium, ruthenium, rhodium, osmium, and iridium.  These elements are of value in scientific instruments and palladium has been used in jewelry.

The early history of platinum use is rather sparse.  Platinum's very high melting point made it extremely difficult to use in preindustrialized cultures.  Apparently some South American peoples used platinum before the Spaniards arrived but were unable to melt it.  Platina, from which the word platinum is derived, is a diminutive which means little silver and the Spanish did not regard the metal as having any great worth.

Until the 1970s no standards were available world-wide for platinum fineness.  Today platinum is sold in 850, 900, 950, and 999 purities and is alloyed with copper, iridium, palladium, rhodium, osmium, or titanium.

Besides its use in jewelry, platinum is also used in catalytic converters in automobiles.
 
 
 

Silver

Crystal system: Cubic
Chemical Formula/composition: Silver is a native element (however it also is found in minerals as a compound), symbol is Ag
Crystal habit:  Crystals are rare, often occurs as wiry aggregates or dendritic masses
Hardness: 2.5 on Mohs' scale in its pure state (harder than gold).
Specific gravity: 10.5
Luster: Metallic
Toughness: less ductile and malleable than gold, but still has relatively high ductility and malleability
Cleavage: None
Optics: opaque
Color: shades of gray tarnishing to black
Other: Melting point of  1763°F (961.5°C)
Localities: Mexico, Canada, Peru, and the USA,
Common simulants: Pewter (85 and 99 % tin, with the remainder consisting of 1-4 % copper); German silver ( 65% copper, 18% nickel, 17% zinc).

Silver is used in jewelry, silverware, coins, the reflective coating of mirrors, and in the photographic processes of black and white film. It is malleable and ductile (though not to the extent of gold).  Silver tarnishes, turning black on the surface layer.  Tarnishing is usually due to exposure to sulfuric fumes or chlorides.

Native silver forming dendritic crystals in quartz.

Silver is deposited from hot water in hydrothermal veins. It is often found with other metals  such as gold, copper, and lead. Unlike gold it is easily dissolved by acids, oxidized, and is susceptible to the elements (it can weather away).  However, the tarnish on silver objects slows their degradation and many ancient objects have been recovered from shipwrecks, etc.

Silver is referred to as sterling silver if it is 92.5% pure silver or higher.  The other 7.5% is usually copper.  Sterling is marked on jewelry and other decorative items as either: sterling, ster, or 925 (finess out of 1000 parts).  Britannia silver and Mexican silver both have a higher fineness than sterling of at least 950 parts per thousand.

The price of silver is very low compared to that of gold or platinum.  Currently (July 4, 2008) silver is selling for about $18.00 per ounce (more than 51 times less than gold).
 
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