The term .585 gold refers to the purity of the gold in question. This standard of purity is equal to 14-karat gold, which is why the terms are used interchangeably. Gold that is considered 14 karats or .585 contains 10 parts alloy blended with 24 parts gold.
When 14-karat gold has .585 or greater gold content, it is considered to be plumb. This is often stamped as 14kp or .585. This distinction is necessary because 13.5-karat gold is often labeled as 14-karat gold. Unfortunately, many consumers mistake the P for plated when it actually indicates a higher-quality piece of jewelry.Learn More
American Eagle gold-bullion coins are available for purchase through most precious-metal and coin dealers. Some brokerage houses and banks also sell them. The U.S. Mint provides an online list of dealers authorized to sell American Eagle gold bullion.Full Answer >
The stamp "417 Italy" on a piece of gold jewelry means that its purity is 10 karat gold and its origin is Italian. The "417" also indicates that it is 41.7 percent gold.Full Answer >
There are a few different options for individuals looking to sell gold coins. One option is to sell to a company that specializes in the purchase of gold and silver coins. Another is to sell to a company that focuses on the purchase of gold in general.Full Answer >
The $20 gold piece was a coin minted in the United States from 1849 to 1933 that contains slightly less than one ounce of gold. Two versions of the $20 gold piece, which is also sometimes called the Double Eagle, were minted during its 84-year production run.Full Answer >