“Fine gold” refers to any precious metal composed of 99.9% gold, commonly called “pure gold.” Understanding the fundamentals of gold purity is essential for investors, collectors, and numismatists. After all, the purity of gold bullion bars, coins, rounds, and jewelry directly impacts their value. Below, we’ll explain everything you need about fine gold, purity levels, and more.
What Is Considered Fine Gold? Characteristics of Pure Gold
A metal must be at least 99.9 percent pure (999) or higher to be considered fine. Gold isn’t a pure metal; it’s an alloy. Alloys are substances that contain more than one metal or non-metallic element. Gold purities relate directly to the amount of other metals or nonmetallic elements it has: more of those additional elements lower the purity level….