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How do I interpret the result of the magnetic scale?

If the magnetic scale returns a positive result, the material in question is diamagnetic.

If the result is slightly negative, it is paramagnetic; if the result is strongly negative, the object is likely ferromagnetic.

In most cases, a negative result means that the test piece is not a pure precious metal. However, there are some exceptions to consider: for example, older Krugerrand coins.