What is the Precious Metals Marking Act?
The Precious Metals Marking Act is a criminal statute relating to the marking of articles containing precious metals. It provides for the uniform description and quality markings of articles made with gold, silver, platinum or palladium to help consumers make informed purchasing decisions. The Act prohibits the making of false or misleading representations related to precious metal articles. It also requires that dealers who choose to mark their articles with representations related to the previous metal quality, to do so as described by the Act and Regulations.
