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Where can I sell my gold and silver coins and get the best return on my investment?
Never sell your silver or gold at any of the Cash4Gold or other franchises across the country. I have been in the silver and gold business for a few years and one day doing research on the competition I acted as if I was going to sell a 14K bracelet.
The first thing they do is confuse you by using a unit of measurement that few average Americans do not even have a clue what it is. That is the Pennyweight (dwt). A pennyweight is roughly 1.5 grams. There are 31.1 grams in a Troy oz.
Cash4Gold said they paid $14 per pennyweight. At the time the spot price of gold was roughly $1200 per Troy OZ. Divide that number by 31.1 and you get the spot price of gold in grams. You come out with 38.59 per gram, but that is for 24K (pure gold). To find out the spot price of 14k gold you must take the price of 24k and multiply it by 14 and divide the number by 24. so (38.59 x14) / 24 = $21.61 which was the spot price for a gram of 14K gold.
Now I told you that Cash for gold was paying $14/ dwt for 14k gold and a dwt is roughly 1.56g. So he was paying $14 for 1.56g or around $9.00 per gram of 14k gold. Now I have nothing against a person making a profit, and I am sure he had expenses and overhead but he was paying less than half the value of the gold to unsuspecting customers and in my book that is gouging.
I called Gold and Silver Buyers to ask what I could get for my silver Liberty's. They came back with a figure of $2.00. I laughed out loud right in the clerks ear. I could not believe that she would even have the nerve to give me that number. She said it didn't matter what it was, that they "would be melting down my silver anyway." I thought, "you are going to melt down my silver Liberty to make what? Coins! Or silver bars. Never mind that these silver coins are selling for over $35.00 each. What a bunch of crooks. Don't call these people.
What else can I help you with?
Where is the best place near me to sell silver coins?
A reputable coin dealer or a local pawn shop may be the best places near you to sell silver coins.
What is the best way to deal with volatility and get the best return on your investment?
Use diversification
What is the best way to sell old coins?
It depends how much you have and what type of coins you have. Are they collector coins (as in, high grades, key dates, rare coins) or are they junk silver coins (as in, worn silver quarters from the 40s, silver dimes from the 50s, etc.). If they are collector coins, it is better to sell to a reputable dealer. If they are junk silver coins craigslist and eBay are your friends, but dealers and jewelery stores will usually buy them too. Don't go to places like "Cash 4 Gold" or other "Hotel Lobby" sellers. They will often times take 50% or more off the true value of your coins.
How can one determine what the best IRA rates are?
Technically, IRAs do not have rates, per se. They are simply accounts which hold certain investment items which then have special tax treatment. Thus, the IRA holding the best investment portfolio will provide the best return.
What investment has the best return rate?
If we knew that in advance we would all be millionaires. You have to decide for yourself or pay for professional advice.
What are some of the best antique coins?
That's kind of a broad question. The best antique coins might be considered the rarest of coins and in that case the older the better. Coins from the medieval times or even ancient Greece might be considered the best.
Where is the best place near me to sell silver coins?
A reputable coin dealer or a local pawn shop may be the best places near you to sell silver coins.
What is the best way to deal with volatility and get the best return on your investment?
Use diversification
What cleans copper coins without harming them?
the best way to clean copper or silver coins and jewelry is ashes
What has the author Donn Pearlman written?
Donn Pearlman has written: 'Best buys in rare coins' -- subject(s): Coins, Coins as an investment, Collectors and collecting, Handbooks, manuals
Silver coins and sulfur?
Contact between silver coins and sulfur can cause tarnishing of the silver due to a chemical reaction between the two materials. Sulfur reacts with the silver to form silver sulfide, which appears as a black tarnish on the surface of the coins. It is best to keep silver coins stored in a cool, dry place away from sulfur-containing materials to prevent tarnishing.
Where can one purchase American Eagle silver coins online?
You have a few options if you wish to purchase American Eagle silver coins online, such as New York Gold Co. Our clients consistently return to us to make new buys or deals since we offer the best costs, items, and venture guidance for valuable metals.
Which is best to buy silver coins or bullion?
Always buy coins, well known and collected coins such as the American Silver Eagle or the Canadian Maple leaf. They sell for a small premium above spot silver price, but are much easier to liquidate because their silver content is known. The Silver Eagle has numismatic value too, some coins that were sold as bullion are now worth thousands.
Who has the best Chiropractic Software?
Based on features and return on investment, Spinalogic.org would be the best Chiropractic software by far.
What is the silver content of a 1976 bicentennial silver dollar?
The coins struck for general circulation have no silver,but proofs an uncirculated coins were struck in 40% silver and were offered only in sets sold by the mint.The 40% silver coins have S mint marks but so do the clad proof and uncirculated coins. The best way to find out if the coin is 40% is weigh it. Weight of a 40% is 24.59 grams, clads are 22.68 grams.
How do you exchange coins for true silver value?
If you're talking about cashing in on old silver coins, your best option is to sell them to a coin dealer. Avoid cash-for-gold businesses, as you probably won't get as much for them.
What are the best 1 oz silver coins to buy?
It depends by what you mean "best". If you are buying them simply for the silver content, just get whatever is cheapest. If you are going for design, Silver Eagles and silver maple leafs are some of the more popular ones.
