1 Peter 1:7

1:7 Such trials show the proven character of your faith, ¹  which is much more valuable than gold – gold that is tested by fire, even though it is passing away ²  – and will bring praise ³  and glory and honor when Jesus Christ is revealed. ⁴ 

1 Peter 1:18-19

1:18 You know that from your empty way of life inherited from your ancestors you were ransomed – not by perishable things like silver or gold, 1:19 but by precious blood like that of an unblemished and spotless lamb, namely Christ.

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¹ tn Or “genuineness,” the result of testing. On the other hand it may denote the process of testing: “that the proving of your faith…may bring praise.”

sn The author is not asserting that the quality of the readers’ faith is in doubt and will be proven by future trials. He declares their faith to be a present reality in v. 5 and 9, so in context v. 8 affirms that their faith is indeed genuine.

² tn Grk “which is passing away but is tested by fire,” describing gold in a lesser-to-greater comparison with faith’s proven character.

³ tn Grk “that the testing of your faith…may be found unto praise,” showing the result of the trials mentioned in v. 6.

⁴ tn Grk “at the revelation of Jesus Christ” (cf. v. 13).