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Some assay methods are suitable for raw materials; others are more appropriate for finished goods. Raw precious metals (bullion) are assayed by an assay office. Silver is assayed by titration, gold by cupellation and platinum by inductively coupled plasma optical emission spectrometry (ICP OES). Precious metal items of art or jewelry are frequently hallmarked (depending upon the requirements of the laws of either the place of manufacture or the place of import). Where required to be hallmarked, semi-finished precious metal items of art or jewelry pass through the official testing channels where they are analyzed or assayed for precious metal content. While different nations permit a variety of legally acceptable finenesses, the assayer is actually testing to determine that the fineness of the product conforms with the statement or claim of fineness that the maker has claimed (usually by stamping a number such as 750 for 18k gold) on the item. In the past the assay was conducted by using the touchstone method but currently (most often) it is done using X-ray fluorescence (XRF). XRF is used because this method is more exacting than the touchstone test. The most exact method of assay is known as fire assay or cupellation. This method is better suited for the assay of bullion and gold stocks rather than works or art or jewelry because it is a completely destructive method.
The age-old touchstone method is particularly suited to the testing of very valuable pieces, for which sampling by destructive means, such as scraping, cutting or drilling is unacceptable. A rubbing of the item is made on a special stone, treated with acids and the resulting color compared to references. Red radiolarian chert or black siliceous slate were used to view the resultant treated streak of the sample. Differences in precious metal content as small as 10 to 20 parts per thousand can often be established with confidence by the test. It is not indicated for use with white gold, for example, since the color variation among white gold alloys is almost imperceptible.
X-ray fluorescence 
The modern X-ray fluorescence is also a non-destructive technique that is suitable for normal assaying requirements. It typically has an accuracy of 2 to 5 parts per thousand and is well-suited to relatively flat and large surfaces. It is a quick technique taking about three minutes, and the results can be automatically printed out by computer. It also measures the content of the other alloying metals present. It is not indicated, however, for articles with chemical surface treatment or electroplating.
Fire assay / cupellation 
The most elaborately accurate, but totally destructive, precious metal assay is fire-assay. (It may also be called by the critical cupellation step that separates precious metal from lead.) If performed on bullion (high purity precious metal alloy) to international standards, the method can be accurate on gold metal to 1 part in 10,000. If performed on ore materials using fusion followed by cupellation separation, detection may be in parts per billion. However, accuracy on ore material is typically limited to 3 to 5% of reported value. Although time consuming, the method is the accepted standard applied for valuing gold ore as well as gold and silver bullion at major refineries and gold mining companies. In the case of fire assaying of gold and platinum ores, the lengthy time required to carry out an assay generally is offset by carrying out large numbers of assays simultaneously, and a typical laboratory will be equipped with several fusion and cupellation furnaces, each capable of taking multiple samples, so that several hundred analyses per day can be carried out. The principal advantage of fire assay is that large samples can be used, and these increase the accuracy in analysing low yield ores in the <1g/T range of concentration.
Fusion: the process requires a self-generating reducing atmosphere, and so the crushed ore sample is mixed with fluxes and a carbon source (e.g. coal dust, ground charcoal, flour, etc.) mixed with powdered lead oxide (litharge) in a refractory crucible. In general, multiple crucibles will be placed inside an electric furnace fitted with silicon carbide heating elements, and heated to between 1000-1200°C. The temperature required, and the type of flux used, are dependent on the composition of the rock in which the precious metals are concentrated, and in many laboratories an empirical approach based on long experience is used.
A complex reaction takes place, whereby the carbon source reduces the lead oxide to lead, which alloys with the precious metals: at the same time, the fluxes combine with the crushed rock, reducing its melting point and forming a glassy slag. When fusion is complete, the sample is tipped into a mold (usually iron) where the slag floats to the top, and the lead, now alloyed with the precious metals, sinks to the bottom, forming a 'button'. After solidification, the samples are knocked out, and the lead bullets recovered for cupellation, or for analysis by other means.
Method details for various fire assay procedures vary, but concentration and separation chemistry typically comply with traditions set by Bugby or Shepard & Dietrich in the early 20th century. Method advancements since that time primarily automate material handling and final finish measurements (i.e., instrument finish rather physical gold product weighing). Arguably, even these texts are largely an extension of traditions that were detailed in De re metallica by Agricola in 1556.
Variation from skills taught in modern standard adaptions of fire assay methodology should be viewed with caution. The standard traditions have a long history of reliability; "special" new methods frequently associate with reduced assay accuracy.
Cupellation: the lead bullets are placed in porous crucibles (cupels) of bone ash (MgO) and heated in air to about 1000°C. This is usually carried out in a 'muffle' furnace, containing a refractory muffle (usually nitride-bonded silicon carbide) heated externally by silicon carbide heating elements. A flow of air through the muffle assists oxidation of the lead, and carries the fumes for safe collection outside the furnace unit. The lead melts and oxidises to lead oxide, which in turn melts and is drawn into the pores of the cupel by capillary attraction. The precious metals remain in the base of the cupel as a 'prill' which is sent for final analysis of precious metal content.
In the bullion fire assay process, a sample from the article is wrapped in a lead foil with copper and silver. The wrapped sample, along with prepared control samples, heat at 1650 F (temperature varies with exact method) in a cupel made of compressed bone ash or magnesium oxide powder. Base metals oxidize and absorb into the cupel. The product of this cupellation (doré) is flattened and treated in nitric acid to remove silver. Precision weighing of metal content of samples and process controls (proofs) at each process stage is the basis of the extreme method precision. European assayers follow bullion traditions based in hallmarking regulations. Reputable North American bullion assayers conform closely to ASTM method E1335-04e1. Only bullion methods validated and traceable to accepted international standards obtain genuine accuracies of 1 part in 10,000.
Cupellation alone can only remove a limited quantity of impurities from a sample. Fire assay, as applied to ores, concentrates or less pure metals, adds a fusion or scorification step before cupellation.
A coin assayer is often assigned to each mint or assay office to determine and assure that all coins produced at the mint have the correct content or purity of each metal specified, usually by law, to be contained in them. This was particularly important when gold and silver coins were produced for circulation and used in daily commerce. Few nations, however, persist in minting silver or gold coins for general circulation. For example the U.S. discontinued the use of gold in coinage in 1933. The U.S. was perhaps the last nation to discontinue the use of silver in circulating coins after its 1970 half dollar coin, although the amount of silver used in smaller denomination coins was ended after 1964. Even with the half dollar, the amount of silver used in the coins was reduced from 90% in 1964 and earlier to 40% between 1965 and 1970. Copper, nickel, cupro-nickel and brass alloys now predominate in coin making. Notwithstanding, several national mints, including the Perth Mint in Australia, the Austrian Mint, the British Royal Mint, the Royal Canadian Mint, the South African Mint and the U.S. Mint continue to produce precious metal bullion coins for collectors and investors. The precious metal purity and content of these coins is guaranteed by the respective mint or government and therefore the assay of the raw materials and finished coins is an important quality control.
In the UK the Trial of the Pyx is a ceremonial procedure for ensuring that newly-minted coins conform to required standards.
Further reading 
Fire assays 
- Bugby, Edward E. A Textbook of Fire Assay 3rd ed (1940), Colorado School of mines Press, Golden Colorado.
- Fulton, H.C., A Manual of Fire Assaying, McGraw-Hill Book Company, Inc., New York, NY, 1911.
- Lenahan, W.C. and Murry-Smith, R. de L., Assay and Analytical Practice in the South African Mining Industry, South African Institute of Mining and Metallurgy, Johannesburg, South Africa, 1986.
- Shepard & Dietrich, A Textbook of Fire Assaying, McGraw-Hill Book Company, 1940.
- Taylor, P.R. (ed.), Prisbrey, K.A., Williams, J.F., Sampling, Preparation, Fire Assaying, and Chemical Analysis of Gold and Silver Ores and Concentrates, Department of Mining, Engineering and Metallurgy, University of Idaho, 1981.