Posts Tagged ‘Gold’

Which One Is Better To Collect – US Gold Coins Or Foreign Gold Coins?

Tuesday, June 28th, 2011

Imagine yourself when you are in your childhood years between six to eight years old. For sure, you love to collect gizmo and all sorts of beautiful things. From rocks to stamps and all things that are nice to look at. When you become a teenager, your view of collection changed. You value NBA cards and collectible toys like the transformer collection figures and star wars action set. Your collection changed from colorful and nice to something creditable of money or trade. You begin to think of the future and how much your items would sell when the time comes that you intend to sell them.

When it comes to investing, collecting precious metals like silver and bullion coins are the most popular. Who wouldn’t be enticed to collect gold coins? It is profitable and certainly satisfying. Also, collecting coins allow you to do something meaningful during your spare time like joining private sales and auctions or hawking over negotiations. These experiences are very gratifying for many collectors. Besides collecting bullion coins, it allows the collector to share the experience and the expertise to their friends and families.

On the other hand, many are torn whether to collect US or international bullion coins. If you are one of them, you will surely find this article helpful for you to make cunning decisions whether to collect American or international bullion coins.

US Bullion Coins They say that collecting US bullion coins are fun and very satisfying. It has its fair share of tax benefits as well. How? Bring to mind that American gold coins are appreciating its value daily which consequently increases the net. Unless you sell, you do not have to really pay your dues. The same principle with trading, you will not exhaust a dime on tax when trading US bullion coins even if you are getting coins that are more indispensable.

Moreover, if you love history, collecting US gold coins is a great edge. Each coin has its history to tell. When collecting American gold coins, you ought to comprehend not just the value or the markings in every coin. You have to research every small detail like the time of the year the coins were circulating, the exchange and trade during those times and so on and so forth. Collecting coins allows you to go back in time and call to mind the American pedigree. Let’s say you are collecting the 1795 Ten Dollar Eagle. You need to know that this item is limited and that no ten dollar gold coins were issued between the years 1805 and 1837. If you see something minted in those years, you better think twice.

Here are just a couple of tips and warnings when collecting US Bullion coins. Since there are so many US gold coins marketed online, you should be a smart customer and know the absolutely value of the coin in the market. Talk to dealers and find a good bargain and item. Do not buy at the first retailers. Know your options.

Foreign Bullion coins Definitely, besides America there are bullion coins coming from different countries. On the other hand, if you are rushing to collect because of its value you should understand that US bullion coins are one of the least pure among the high-priced types of gold coins and they only have .900 percent pure gold. Unlike some of the foreign gold coins like the Chinese Pandas and the Canadian Maples leaves that are .9999 percent pure gold.

Definitely, many are enticed to collect bullion coins. The things mentioned above are just some helpful tips to help you narrow down your choices. Coin collecting is extremely a noteworthy experience so relish each piece!

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Tips On How To Earn From Old And Unwanted Gold Jewelry

Monday, June 27th, 2011

Need instant money? Did you know that you can make instant money without toiling for eight hours or more? Why not sell your unwanted gold jewelry? Surely, everyone have old jewelries at home lying around just collecting dusts. Selling these pieces will provide you easy money which you can use for more essential things. Or better yet, you can use your earnings to purchase new set of jewelries that are more modish and classy.

Cited below are tips on how to earn cash from old gold jewelries.

Get The Actual Worth Of Your Items To get how much your gold jewelries are worth, you may want to drop by your district pawn shop. Ingeniously ask how much they are going to pay if you are retailing your items to them. Do not market yet. Your goal is to get an idea of the price of your items.

You can also get the fee of your items by manual computation. First, you need to ascertain the gold percentage of your item. A 24 karat gold piece is tantamount to 100 percent gold. In consequence, you can divide the karat you have by 24. It implies that an 18 karat gold is 75% gold. How? 18 divided by 24 is equals to 75 percent.

Second, you have to to compute the weight your item. Use grams. Multiply the percentage of gold to the weight in grams. Convert the product to ounces. The conversion of grams to ounces is 1 g = 0.0353 oz.

Finally, find out the current spot price of your gold jewelry to get the worth of your jewelry piece.

Finalize Where You Want To Advertise Your Gold Jewelry

Online Marketing After you have calculated the price of your gold piece, you can compare prices from alternate buyers. You can survey online or ask around. If you feel that retailing is more practical, then go ahead. Just ensure that you peddle your pieces in respectable websites. Make sure that you provide bright and good pictures of your jewelry so that you can easily attract potential buyers. You can also include the specifications of your items online like the actual weight and karats. Leave your contact numbers so buyers can get in touch with you easily. When you find a person who is willing to buy, make sure that he is genuine and not just some bogus buyers who will prey on innocent people. To be certain, you can join legitimate forums or online auctions. Use PayPal or other reliable money transaction services to ensure fast and reliable business.

Market Your Precious Items To Jewelry Stores Or Through Gold Parties Only transact with people who are trustworthy and honest. Avoid scams by coming in prepared. Know the worth of your pieces before advertising your items to dealers or gold parties. The reason why people are being ripped off is that they do not know how much they are selling. People who are working in scams would tell you that your items have lesser karats. Therefore, they will have lower evaluation.

The demand for gold nowadays are high. With that said, many are interested to market their unwanted gold jewelry for quick money. If you have decided to market your jewelry, be certain that you are knowledgeable about what you are selling. If possible, do not sell those items that have sentimental value. Buyers are not interested on the history of your pieces but they are more concerned about the weight of your gold. Do not just trust your market instincts, understand what you are selling through constant reading and exploring. Good luck.

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Seven Tips To Spot Fake Gold Coins

Sunday, June 26th, 2011

Every person must have seen reports of the collapsing economy as thousands of Americans are losing their jobs each month. With the deteriorating economy, many are rushing to invest in precious metals like bullion coins, bars and bullion. Due to the high demand of gold, there is a need to answer the exigency and it consists of the massive production of fake bullion coins by deceitful individuals.

Clearly, many innocent people have been victimized by dishonest people selling counterfeit coins. If you are not careful, you may end up like one of them. In order to spot if the gold coins that are circulating in the marker are counterfeit or not, check the following ways below.

Confirm The Class Of Metal Checking the character of metal is the easiest way to tell if the coin is not genuine. Counterfeit coins can either look dull or too shiny. In order to tell the difference, you need to know first the quality of metal used by the original coins. Aside from the dull and too shiny appearance, fake coins can look a little rough.

Use Magnet To Tell If The Gold Coin Is Authentic Magnets can help catch if the coins are authentic or not. Take note that magnets cannot attract legitimate gold coins.

Use Sterling Silver Cleaning Solution Dip the bullion coins in the solution. If you notice that the coating changes in color and the gold coins tarnish after a day, then the coins are certainly fake.

Be Familiar With The Coins Size And Scale For evaluation purposes, it is necessary to make a list of the diameters of authentic coins. Get your scale calibrated by grams. If the weight is questionable better think twice before dealing . It is truly important to check all the measurements including the weight, diameter and thickness.

Be Familiar With The Individual Facts Of Each Coins Clearly every gold coin collectors are accustomed with the individual markings, images, dates and words in their coin collection. They can readily identify a fake just by looking at these information. Know that these facts are critical. A slight difference can mean that the coin is fake. Also know where the image should be facing in real coins. Let’s say we are looking at a 1958 US Gold dollar. It features an Indian princess wearing a feathered cap. When you count the feathers, it should total to seven. One feather less means the coin is definitely a counterfeit.

Assess With Your Ears You can discern if the coin is genuine by listening to the sound as it land to a hard surface. However, this type of assessment needs particular skills of an expert. Take note that gold coins will make a distinct strike, while a coin mixed with other metals will basically create a dowdy thump. In an ideal world, you should have a bullion coin so you can readily compare in between coins.

Audit The Price Of The Coins You can readily tell if the gold coins are sham if the merchant is not confident with what he is retailing. If he is giving you a price that is very tenuous, do not hesitate to ask. You can also check online with other resellers and inquire if the price of the gold coins is at standard.

In today’s deteriorating economy, investing in gold coins is beyond doubt a smart choice. On the other hand, be certain to check the gold coins if they are genuine. Better be a smart and conscientious purchaser than a sobbing buyer. Good luck!

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Silvery Jewelries – The Difference Between Silver Plating and Sterling Silver

Saturday, June 25th, 2011

Remember when you are still young, you love to playact that you’re a brutal bandit hunting for treasure islands seeking gold and silver? For certain you love hiding your treasured bits and pieces away from your little brothers and sisters. Truly, collecting priceless pieces is so entertaining. That is why even adults love collecting valuable pieces like jewelries, bullion and even gold and silver coins.

True enough, gold is the most popular investment. However, due to the increasing price of gold in the merchandise, people are left no other choice but to go for silver pieces instead. According to analysts, lots of people are collecting coins because of the coins intrinsic and numismatic value. The numismatic value denotes the rarity, age and mintage of the coins. Meanwhile, the intrinsic value refers to the material the coins are made. For those who adore jewelries, they often look for silver plated or sterling silver pieces.

What are the differences between the two?

Sterling Silvers Sterling and silver plated jewelries are so different. It is important to know that sterling silver is not pure silver. Silvers are naturally soft, that is why other materials are incorporated in the engineering of jewelries to advance the strength and durability of the piece. If you see your silver with markings of 925, .925 or 92.5 it means that your silver piece is a sterling silver. Also, these numbers signifies the purity of silver. Sterling silver is traditionally used as jewels and house appurtenances because of its immaculate exquisiteness and durability. To ensure that your sterling silver passed the standards look for the following markings: sterling, ster, .925, sterling silver

Sterling silver jewels needs proper and regular maintenance as this type of silver is prone to staining and tarnishing. It is vital to keep your pieces away from humidity to maintain its state and beauty.

Silver Plated Jewelries Silver plated jewelries are cheaper than sterling silvers. The term silver plating means that the piece of jewelry is laminated with silver coating. This is also known as electroplating. This device is usually used in a number of low-cost fashion jewelries that are generally made of steel or substandard metals. There are several reasonably priced home electroplating systems that are available in the market. Take note that the thickness of the silver plating is determined by the strength of the electrical current, the silver concentrate in the dipping mixture, and the length of time the jewelry is submerged into the mixture. If you are not confident coating your silver items, you may get help form expert silversmith in your district who is an expert in the field.

Also, if your item is scratched, silver plating can repair your old piece. If you have a sentimental piece that needs restoration, this method is the best solution.

Like sterling silver, silver plated jewelries ought to be properly taken care of to maintain its beauty and form. How? You will need an old toothbrush and paste. Scrub the jewelry softly. Remove the paste by rinsing your silver piece entirely. After rinsing, air-dry the items before storing in a dry place.

It is definitely rewarding to collect silver jewelry pieces. When you are collecting silver jewelries see that you regularly clean them so that they will last longer. Even if you don’t use them, you should take it out once in a while and clean them properly to maintain its luster and beauty.

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The Beginners Guide to Prospecting for Gold

Thursday, June 16th, 2011

Prospecting for gold can be both relaxing and profitable. Don’t do it the hard way, join an experienced prospector and learn the tips and tricks of the trade. Go to meet up groups on prospecting for gold. Simple metal detectors, gold pans, sieves, and gold dredges are some of the equipment in the toolbox of a gold detector.

Site selection is one of the most important decisions that a gold detector must make. This will make or break your gold panning adventure. To some comfort is just as important and bringing along an RV or camper trailer can make your holiday just that much better.

Start by looking for a small stream or river as these areas are known for their high gold content. Because gold is heavy it collects in river bends and areas where the water from the flowing stream cannot push the gold any further down the river. If you want to optimize your time then set up your gold dredge and use your gold metal detector while it is processing. The gold dredge will process a great deal of mud and rock before you find gold ore.

Perhaps a pretty gold nugget is heading down the river for your gold dredge. Maybe you will not even have to take out your gold metal detector. It is time to hum, ‘She’ll be coming round the mountain when she comes-’ No really some actually believe that if you project a good mood and have a good time while you are prospecting it actually brings you good luck and you will find fortune in your singing mood.

These are going to be pleasant days of sieving and panning. Get used to your metal detector. For if you find even one ounce of gold on your first gold prospecting holiday, then you are hooked for life to it.

Want to find out more about Gold Panning, then visit William Louis’s site on how to choose the best Gold Detector for your needs.

Prospecting For Gold in the US a Favorite Pastime

Wednesday, June 8th, 2011

Alaska, Arizona, Arkansas, California, Colorado, Florida, Idaho, Louisiana, Mississippi, Montana, Nebraska, Nevada, New Mexico, North Dakota, Oregon, South Dakota, Utah, Washington, and Wyoming are the places in the US where gold prospecting is permitted and almost no laws are in place preventing gold detecting.

Be sure to consider the property in which you plan on prospecting for gold on. The laws are harsh for trespassing. If you do not own the property you do not have the right to even set foot on the property, so forget about using a gold detector. Make sure you are checking the property ownership to be sure the owner has agreed to allow you access to the property. Sometimes they will charge you a fee for access to their property but this should be minimal if at all. Also make sure you have an agreement contract with the owner if you do in fact obtain their permission.

It can be serious trouble to gold pan in any national park also. The government does this to protect the wildlife and natural resources in these parks. If you do decide to prospect here you will have to obtain a permit.

It is understandable that it may seem overwhelming when trying to find a location to prospect in, however the world is a huge place and there is still tons of gold to be found.

As your skill level increases you can use different methods of finding gold such as: using a gold sluice, gold detectors, metal detectors, gold panning, ect. It is important to note that you should start out prospecting in your back yard first then you can move on to the more difficult, however more profitable, tasks.

Want to find out more about Gold Detectors, then visit William Louis’s site on how to choose the best Gold Prospecting locations.

Coin Commercial Fundamentals – 3 of the Easiest Techniques of Selling Silver Dollars to Raise Cash

Friday, May 27th, 2011

Silver is one of those treasured precious metals since the commencement of the human civilization. It has been used to make jewelries, apparatus and ornaments. At the present time, silver are now being utilized in wide array of studies and application like medicine, dentistry, cinematography and optics. The list can go on and on.

With the many uses of this precious metal, people have seen potentials of silver when it comes to investing. Silver has been used as a hedge of protection for countries’ economic downfalls. There are various types of silver’s investment vehicles – bars, exchange-traded products, certificates, silver accounts, derivatives, spread betting, CFDs, silver mining companies and the most preferred by many people, coins and rounds.

Moreover, selling silver is considered as one of the oldest affairs that have been carried out. Silver coins trading dating back in ancient times are one of the evidence that proved this. Since then, buying and selling of silver has been simpler because people have now access to global market by means of the fast growing internet. So how to sell silver dollars? Here’s how.

Post In An Online Classified Ads

You can constantly put your silver in online classified ads as craigslist, kijiji, USFreeads, online forums and other social networks. This is an easy course of selling your silver to raise cash. You just create an account and simply post the silver that you are selling. Upload a clear photo of your precious metal so that the prospect buyers can distinctly see the quality of your silver.

Surely, retailing this indispensable commodity using an online classified ad is on of the simplest ways of retailing silver. But the great part of it is that posting on these sites are absolutely free.

Put Your Silver In An Online Auction

Before many are retailing by means of a live auction. On the other hand, online auction is much easier and have larger possible buyers. Basically, it has the same procedure with online classified ads. The only distinction is the kind of website where you upload your item. There are several free online auctions such as ebay. Again, just like retailing your silver in an online advertisement, these online auctions are also for free.

Sell Your Silver To Companies Who Specifically Pay money for Precious Metals Online

Many are now selling their silver dollars on the web. There are some companies who purposely purchase precious metals and they buy silvers for more than 75 percent above district pawn shops, jewelers and coin dealers. These companies are able to get silver much higher as they do not have the district offices to maintain or pay out thousands of dollar just to pay the periodical expenditures like the lease. In addition they do not have staff to be salaried.

Generally, price charts ae posted for people to see the present payout for both silver and gold. If you are inquiring to sell your silver to them you will just call them. They will send you a special package for you to securely transport your silvers. Payments are then sent to you through your number one means of payment.

Through out the years, silver has been one of the most sought metals across the globe Ever since human civilization began, silver buying and retailing has been a common trade in process. Since then, the trading procedures become easier because of the internet. Through the internet people’s exposure to silver can gain more potential buyers and trader.

With these above ways to sell your silver dollars, surely you will gain much capitalize from your silver items.

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Gold Trading Fundamentals – How To Safely Dispatch Gold Coins In the Mail

Thursday, May 12th, 2011

Retail and marketing precious metals such as gold coins in respectable dealers or companies, will save you from ache as you are assured that these dealers do have their individual secured mailing services.

On the other hand, if you are going to ship your gold coins or other precious metals or valuables by mail, it will make you uneasy, anxious and awkward until the receiver has finally confirmed that he has received the items safe and sound. Following are pointers on how safely forward valuables through mail including your precious gold coins:

Tip Number 1 – Identify Your Gold Coin Value

Before you go to the post office adjacent to you, you should first determine the cost of your gold coins. You may check the value of your gold coins either online or by visiting a reputable coin dealer.

Tip Number 2 – Construct Your Packaging List

Making a packing inventory will help you keep your sanity notably if you are sending several orders. Also, it will help you in handling your items effectively. What you need to include in your list are your name, contact numbers, mailing address and the complete list of inventory. Create two document copies. For yourself and the one you will be sending the valuables to.

Tip Number 3 – Choose Whether Priority Mail Flat Rate Boxes Or First Class Mail

You can select flat rate box which allows you to ship anything that fits into the box for a fixed price, anywhere in the US but it should not weigh over 70 pounds. This kind of priority mail is ideal if you are ready to ship more than two coins. But if you are hauling only one or two coins, it is better to elect for the first class mail.

Tip Number 4 – Secure Coin in a Coin Holder

A coin holder can secure your items markedly when travelling. This will cushion coins from possible scratches and damages. After securing your pieces, enclose the coin holder with bubble wraps.

Place them inside the box and add description. Better if you could put the order confirmation if you have sold them online. Include also a note on how to handle the item.

Tip Number 5 – Insure Your Package

Inquire if your parcel is insured. Although, most registered mails include insurance, better be sure and double check.

Tip Number 6 – Use Codes in Labeling Your Items

When hauling gold coins or any precious items, you should by no means put a sign or hint on the outside of the parcel that you are sending something expensive or precious. Instead of stating that you’ll be sending gold or silver, you can use initials to cloak the items. If sending gold coins write G C.

Tip Number 7 – Understand the Schedule of Delivery

Always confirm the schedule of delivery so that you will know when to expect the delivery to reach the recipient. Registered mails usually take slightly longer than regular mails but they are the most secured method of mailing valuables.

Tip Number 8 – Keep All Receipts and Documents

Keeping all receipts and other documents will not only serve as proof of mailing, but also protection if something happens to your package. Furthermore, if this is your business or frequently ship gold coins, you may want to keep an online worksheet.

Let us face the fact that sending your gold coins or any other precious metals through mail is the expedient and the cheapest way to send valuables. By following these easy guidelines, you will be assured of a secured shipping by post. Good luck!

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What Is The Real Value Of Gold?

Friday, September 10th, 2010

There is a saying “worth its weight in gold” and many people wonder just what is the value of gold. One of the precious metals found on earth, gold is considered valuable today and had been throughout civilization.

There are a lot of different things that gold is used for that makes it one of the most valuable metals. You will find a lot of different types of jewelry that are made of gold and you will find a lot of other things that it is used to make as well. You will even find that people use it as an investing tool. If you want to know how valuable gold is when it comes to terms of money then here is how you can find out.

One thing that you can do is look at the historical prices that gold has been sold for. The prices that you will find when you are looking at the different investment charts and graphs are the prices that it is sold for in ounces. If you have never paid attention to the price, you might be amazed to find out how much it is sold for. It costs over a thousand dollars to be able to own even one ounce of gold!

Gold is valuable because of how it is used and due to the fact that people just want to have it. Gold will go up or down in value due to the fluctuations around the world in demand for it. The amounts of gold held in reserve can go up or down and if it goes down then the sell price of gold will usually go up.

If you look back at the historical prices that you find you will notice that gold has been on a steady increase for a number of years, and recently has made some huge jumps in price. Whether it will continue to go up depends totally on supply and demand. Since the supply is not going up and it is hard to find, the price will remain at these high levels as long as people have a desire to own it.

Are you looking for the price of gold for dummies? If so, please go to my website Current Gold Prices.

categories: personal finance,investing,gold,silver

4 Common Places To Sell Your Scrap Gold

Tuesday, September 7th, 2010

Do you own old gold jewelry and scrap gold pieces that are sitting in your garage, practically forgotten? Do you own broken bracelets and necklaces you’re unable to wear, but unwilling to have repaired? Are there old class rings hiding away in your dresser drawers? Rather than allowing these gold items to sit in the corner of your garage or drawer, consider selling them. There are many gold buyers who are willing to pay for your entire collection.

Tough economic times give birth to creative measures for making ends meet. You may have bills that are piling up because the hours at your job have been reduced. Your car might need repairs to transport you to a job you can’t afford to lose. Or, you might want to enjoy a vacation with your family, but lack the funds to do so. Selling your gold is a good method for raising the money you need in order to do what you want. Below, we’ll describe four places you can sell your scrap gold.

1. Gold Parties

If you’re invited to a gold party, the host is likely a friend or family member. In most cases, a buyer will have encouraged this person to host the event, and invite people they know. The host will tell invitees to bring their scrap gold pieces to sell for quick cash, even if the items are broken or otherwise in disrepair. Those who attend the event can sell these pieces to the buyer, and leave the party with a check in hand.

At first, this process seems beneficial for everyone involved. The attendees get to sell their gold items for near-instant cash, and the host earns a small commission for hosting the party. The downside to these events is that the buyer is typically a broker. He or she needs to sell your pieces for a profit. In order to do so, however, they can only pay a small amount. Thus, you’ll rarely receive the money you deserve.

2. Pawnshops

Pawn shops cope with the same limitation. After buying your scrap gold pieces, they put them up for sale for customers who visit their shops. The difference between the amount they pay you, and the amount they charge their customers, represents their profit. This means, like the buyer at the gold party, pawn shop owners will rarely offer much for your collection.

3. Jewelers And Antique Stores

Another option is to sell your gold watches, rings, chains, and other jewelry to a jeweler or antique store. There are two problems with this route, however. First, jewelers and antique stores tend to be picky regarding the pieces they buy. This is because they need to sell your jewelry to their customers, who tend to be selective. Unfortunately, this means they will likely refuse to buy your entire collection.

Second, their profit margins require that they pay a relatively low price for your items. They may be willing to pay more than a pawn shop for particular pieces in your collection, but few of your gold items will meet their selection criteria.

4. Gold Refiner

A better option is to look online for a buyer. The key is to avoid buyers who are merely middlemen. They will offer a low price for your scrap gold, and then sell it to a refiner for a profit. Few people realize they can work directly with a refiner, and thus remove the middleman. The result? You’ll enjoy a higher price for your scrap.

Some refiners are much more experienced and efficient than others. The litmus test to use is whether the refiner has at least ten years of experience in the gold industry. Check their website, and look for a phone number. Call them to gain a level of comfort before sending them your scrap gold. Once you find a trustworthy refiner with plenty of experience, you’ll be able to return to them in the future whenever you wish to sell your scrap precious metals.

The best online resource to Sell Gold or sell coins can be found at www.refinity.com

categories: Gold, Investments, Finace, Income, Metals