With the current fluctuation in the gold price, the Goldsmiths’ Company has launched a day-long course designed to help precious metal buyers avoid the pitfalls that can arise when buying scrap metal.

The course, designed for those who a little feel lost due to changing precious metals market, will explain the Hallmarking Act and legal requirements relating to precious metal buying, and will give attendees a hands-on session identifying genuine hallmarks, counterfeit, faked and forged hallmarks and counterfeit gold coins, watches, cutlery and flatware. Attendees will also be trained on methods of assaying including the touch test and acid testing.

The Goldsmiths’ Company’s sales and business development manager Steve Collins, who will lead the course, said: “Buying scrap precious metals can be a minefield and without a bit of insider knowledge it is so easy to get caught out, and that is exactly why we have launched this bespoke course. Our delegates get hands-on experience of what to look out for, the legal requirements and paperwork involved as well as learning the methods of touch and acid testing.”


The course will also feature a tour of the hallmarking floor and the Goldsmiths’ Company’s laboratory.

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