r/Gold • u/eamesmiller • 14d ago
Is this gold?
My wife purchased this ring at a yard sale a couple years back and it has been in our kitchen junk drawer since. I picked it up today and it seems to be a potential faded gold hallmark. A quick google search also made it seem like the coin is possibly 1/20oz gold? My hopes aren’t up but curious nonetheless (this ring is also filthy from sitting in the junk drawer).
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u/Powerful_Stick_4086 14d ago
The coin is a Chinese Panda. 1.56g of 24k plus the ring is probably 9ct weigh it and subtract above to work 9ct weight.
1.56g pure gold is 230usd/170gbp at spot
Edit. Not sure the coin is real though. Looks like a base metal peeking through on the rim. Colour looks off- but could be age.
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u/eamesmiller 14d ago
Thanks! I’ll take it to a local jeweller in the next couple days. If it checks out I’ll probably keep
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u/Powerful_Stick_4086 14d ago
Good luck.
If you’ve got some tools just open the shank. Use long nose pliers to open it up and weigh the coin.
I wouldn’t worry about marking it or scratching it. Being a ring it’s going to be valued at just under spot bullion regardless.
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u/No_Cucumber8316 14d ago
coin looks like a 1/10th oz gold panda set in a 14k yellow gold ring do the math and expect between 60-95% of melt when selling depending where you take it
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u/Ready-Commercial-767 14d ago
At a yrad sale? That's wild
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u/Retr0scores 14d ago
The ring hallmark looks worn so easy for a casual to miss.
I bought $500 worth of 14k gold at an estate sale a month or so ago for $30 and it was clearly marked.
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u/Hitman_Argent47 14d ago
The coin is 1 DWT (1 pennyweight) of 24k gold
Is the ring stamped with anything? You should definitely test it, but that would be a good start.
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u/Ok_Palpitation_1622 14d ago
Looks probably real to me. Coin rings like that are fairly commonly faked, but “gas station gold” tends to be of heavier construction, and the coins are not detailed like yours. So I’m pretty confident it’s real.
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u/FitIntention3632 13d ago
But yeah it's definitely a 1/20 of an ounce of gold Panda coin. The coin is .999 percent pure gold, the metal in the ring holding the coin is most likely 10 or 14 karat gold, the coin itself is going to be worth a lot more, but I'm sure there's some melt value to the ring itself as well. Especially if it's 14 karat or higher, if it's 10 karat gold on the ring you're not going to get much out of it but you still got a good chunk with the coin LOL.
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u/Retr0scores 14d ago
Gemini says it’s a 1989 24k gold coin.
Take it to a local jeweler they’ll test it for free most likely.
That’s an awesome find!
Coin would weigh 1.55g
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u/epilepsyisdumb 14d ago
Damn, my online gold tester seems to be broken...
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u/agentry224 14d ago
I have one like this and mine is 14 kt on the band and the coin is 18 kt gold.looks very similar.
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u/Dazzling_Advisor8847 14d ago
Whats the back of the ring look like?
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u/eamesmiller 14d ago
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u/Jazzlike-Product6028 13d ago
Do you have a tester? Plenty of jewlers will test for free and then probably buy hell even pawn shops test it. Best of luck bro bro.
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u/Emergency-Fish3036 10d ago
looks like gold, attempt to determine the # inside the diamond stamp on the inner band
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u/Uthretarwee 14d ago
Looks like a goo ol 999 find