"Second edition gold" warning from jewelers

Timuçin Sönmez, President of Ankara Chamber of Jewelers and Watchmakers, stated that second edition gold coins, which are sold at lower prices in the market, have started to spread recently and that consumers should be careful because it is difficult to distinguish them from the original.

In his statement to the AA correspondent, Sönmez warned about second edition gold, quarter, half or Republic gold, which are minted with molds similar to the original in unauthorized workshops outside the Mint.

Emphasizing that minting and releasing gold outside the mint is prohibited by law, Sönmez said that there is a risk of low carat during the second printing.

Sönmez stated that although it is very similar to the original in appearance, jewelers can notice this situation during exchange or buy the gold below its value because it may be low in carat or weight, and said:

"The details of the gold minted in this way are generally less clear or rough than those minted by the Mint, but this can often be noticed by expert jewelers with sensitive adjustment devices. Since the setting of the second minted gold is low, the Ataturk figure and other inscriptions may not be clear during printing. This can be an evidence. In addition, the hardness of the product may indicate this, but the citizen may not be able to distinguish it."

The gold receipt should not be forgotten

Sönmez also drew attention to the issues that should be taken into consideration when buying gold and said:

"In order to avoid any inconvenience when buying gold, we recommend that you choose trusted, corporate and well-established jewelers. Our citizens who buy gold should make sure that the company has its own box, has a name written on the ribbon or has small labels. It is also very important that they do not forget to get documents such as receipts or invoices for the gold."