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"Cheap" is a relative term. 10K gold is cheaper than, say, 14K gold, but more expensive than silver. 10K gold is known for being very durable - it's harder than 14K or 18K gold, so it doesn't ding and dent as easily - and could be better for your needs because of this. But I wouldn't generally say that ANY gold is "cheap", regardless of its purity.

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