Blog

Assaying of Precious Metals: The Importance of Proper Analysis before Sale

Assaying is a process meant to determine, with accuracy, the precious metal composition or content, be it gold, silver, platinum, or other metals, when one intends to sell such metals. In essence, assaying is important since it will guarantee transparency for a given seller and buyer who are dealing with each other in a given transaction. Why do proper analyses stand out as necessary considerations before the selling of your precious metals? Let’s analyze the most valid reasons.

Assay: Understanding the Basics

An assay is an independent analysis of the purity and composition of any given specimen of a precious metal, normally done by fire assay, X-ray fluorescence, or inductively coupled plasma. All these techniques accurately provide information on the content of the metal that directly influences the market value of that metal.

Why Assaying is an Important Step Prior to Selling

Ensures Accurate Valuation

Precious metals are valued according to their purity and weight. For example, a gold bar marked 99.99% pure is worth considerably more than one that is only 90% pure. Without an assay, you may sell your metals for too little or take less than they are worth.

Helps Build Trust Between Buyer and Seller

It’s important to be as transparent as possible with every transaction. By giving someone an assay report, you show up and are very honest and professional. A buyer would much more trust a seller that has proof one can verify of the quality of his or her metal.

It Detects Impurities and Counterfeit Products

The market of the precious metals does not escape the counterfeit products or alloys that appear like the real thing; an assay will make sure that your gold or silver is genuine, not combined with non-precious metals that deplete its value.

Complies with Industry Standards

This also helps, as most serious buyers, such as big institutions or bullion dealers like AU Bullion, will not buy without an assay report. Assaying of your metals puts you in a position to be at par with the industrial norm and makes them more marketable.

Maximizes Profits

A well-analyzed and certified piece of precious metal normally carries a better market price; clients pay more whenever they are well-assured that the metal being sold is authentic and pure.

Assaying at AU Bullion

Business at AU Bullion is based on key activities: transparency and customer satisfaction. The nondestructive method keeps your precious metals safe while it’s being delivered in very fine results within just a few minutes. We analyze your brought-over precious metals with the help of non-destructive, modern XRF state-of-the-art technology for quick and accurate analytical results.

Seller’s Tips: Preparation for an Assay

Clean Your Metals: Any kind of grime, oil, or tarnish on the metal can lead to an incorrect assay result. Clean your metals before bringing them in.

Know Your Items: Know, if possible, the weight of your metals, the hallmark, or mint origin.

Choose the Right Buyer: Work with companies who have a reputation, like AU Bullion, for using their vast level of experience and proper equipment to make accurate assays.

Final Thoughts

Proper analysis by assaying is not a formality; it is the bedrock of any decent and transparent transaction in precious metals. Be it gold bars, silver coins, or platinum jewelry that you are selling, knowing the exact composition of your items means you get the best value.

At AU Bullion, we make the selling process as easy and rewarding as possible. Our expert analysis and competitive rates ensure you get top dollar for your precious metals. Visit us today for peace of mind in knowing that you are selling to a reputable bullion dealer.