Vintage Horseshoe Stud Earring Gold Filled Small - $29 (Asheville)
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The back reads 1/20 12K GF. Beautifully incised detail in front. This means the gold layer is 12 karat gold and comprises 1/20th of the total weight of the item. This means that 1/20 of the metal weight of the item consists of 12K Gold (remember that 12K gold itself is an alloy consisting of only 50% gold – thus a 1/20 12K Gold Filled item is 1/20 12K gold and 1/40 pure gold). It is small and was difficult for me to photograph. 7/16th (a bit less than half an inch). Has been in storage for decades. Looks like pure gold. Photos are blurry but you can get an idea of the incised pattern on the front with what I've taken.