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Although, not normally applied to silver, it is the purity designation of the precious metal. It stands for karat. 24k is pure or 100%. Therefore, 14K is 14/24 or 58.3% pure. It is more common for a 3 digit number to be associated with the purity of silver. For example, 500 silver is 50%. Sterling silver, by legal definition, is 92.5% pure and is marked 925 silver.

Pure silver is too soft by itself to be used for jewelry or coins. It is alloyed with another metal, usually copper but could be nickel, in order to make it harder.

It's probably 14k white gold. If there are no other markings behind or in front of the 14k mark.

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