This year, coin collectors are celebrating the release of the American Buffalo one-ounce gold reverse proof coin. Struck in 99.99% fine, 24-karat gold at the United States Mint at West Point, this beautiful coin has a style all its own. Instead of the traditional proof style — with a shiny background and frosted buffalo and Native American head — the reverse proof coin has a frosted background and shiny design elements. A reverse proof Gold Buffalo has never before been issued by the U.S. Mint, so this is something that collectors are pretty excited about.
Gold is hot these days. Prices are reaching all-time highs, which is why it is a great time to sell the gold jewelry, collectable gold coins or gold bullion you’ve accumulated over the years. If you’ve decided to sell your gold and want to get the most for it, you need to understand how the gold evaluation process works.
Get your gold tested
When you take your old jewelry to a gold buyer, the first thing they are going to do is determine the gold’s purity. They will refer to its purity in karats. The more karats in your piece, the higher the concentration of gold (and the higher the value). For example, 24 karat gold is close to 100% pure gold, while 18 karat gold is 75% gold and 25% other metals.
One way to test the purity of your gold employs electricity. The most common evaluation tool a gold buyer might use is the acid test. When nitric acid comes into contact with copper — which all imitation gold jewelry contains — it turns the metal green. So, if the metal doesn’t turn green, it’s gold. Both are simple and effective tests that can be done in moments.
Another method is called “fire assaying” and it is the gold standard in assessment. All the major refineries and gold mining companies use this method, but the process takes quite a while and requires specialized equipment.
It’s the dream of every treasure hunter who’s ever scoured the local beach with a metal detector: the big score. And Odyssey Marine Exploration has pulled in its biggest haul yet — and reportedly the largest precious metal recovery in history — from the bottom of the North Atlantic. The Florida-based marine salvage company recovered 61 tons of silver from the wreck of the British ship the SS Gairsoppa, which was sunk by a German U-boat in 1941.
Imagine this: you open up one of those old boxes sitting in your basement or attic and find a small leather bag. Inside the bag are some old coins, so you sit down and begin to sift through them. Most likely, you’ll have a handful of historical curiosities, which might be worth a few dollars. However, there’s always the possibility that you could find a rare coin, or one of America’s most valuable coins. So when you’re cleaning out your basement, scouring flea markets and visiting estate sales, keep your eyes open for these five coins.
With the price of gold returning to near-record levels, it’s an excellent time to consider selling your gold coins or gold jewelry that you don’t use anymore. But before you sell, make sure you know the answer to this question: How much is my gold really worth?
According to a recent study published in USA Today, weddings are on the uptick again after years of decline. Is 2013 or 2014 the year you’ll be hearing wedding bells? If you’re planning to get married, you’ve probably been thinking about diamond engagement rings.
With the price of gold at almost $1,400.00 an ounce, gold buyers are looking for anything that has gold in it — and now is a great time to trade your old jewelry or coins for some cold, hard cash. The only question is: Where do you start?
At West Seattle Coins and Bellevue Rare Coins, we talk to people interested in selling gold every day. So before you sell your gold to anyone, here are a few tips.
Thar’s gold in them thar hills! Well, sort of. While Washington has never had a Gold Rush like the one that started in California in 1848 or the Klondike strike of 1897, the Evergreen State has benefited from the rich history of gold mining in the Northwest.
Back in the 1790s, the United States was quite a different place. George Washington gave the country’s first State of the Union address. Thomas Jefferson was in charge of the first U.S. Census, which asked a total of six questions. The largest urban area was New York City, with a population of just over 33,000 people. And in 1793, the federal government minted the first cents for general circulation on its own equipment.
The doors to the Bellevue store opened and in walked a family — mother, father and three children — absolutely covered in dirt. “Even their car was dusty,” says Adam Richey of West Seattle Coins and Bellevue Rare Coins. “They walked in with these filthy paint buckets in their hands, all of them giddy and grinning.”
If you’re considering selling your gold, it’s not too late. The price of gold remains historically high. Back in 2001, gold was trading at just more than $250 an ounce. In September 2011, an ounce of the world’s favorite precious metal was fetching nearly $1,900. It’s been an incredible ride for gold investors over the last decade or so, but fluctuations in the price of gold are nothing new.
Back in December 1904, three years after he took office, Theodore Roosevelt sent a famous letter to Treasury Secretary Leslie Shaw that ushered in a new age of American coinage.
There are some who believe the diamond we now call Koh-i-Noor (Mountain of Light) has been around for more than 5,000 years. Although there’s no proof of that, we can trace the enthralling history of this magnificent stone for certain from the 14th century. It was then that the first mention of its curse appeared in a Hindu text: “He who owns this diamond will own the world, but will also know all its misfortunes. Only God, or a woman, can wear it with impunity.”
Were you left uninspired by the latest necklaces you saw at your local boutiques? Are you looking for something different, something with a bit more character? Well, West Seattle Coins and Bellevue Rare Coins have an outstanding collection of heirloom and contemporary jewelry—handpicked from the items we’ve purchased locally or from jewelers across the country. In addition, many items are rare or one-of-a-kind pieces that come from the huge estate liquidations we’ve handled for over 30 years.
Produced from one of the world’s largest gold mines in South Africa, the Krugerrand is the original and most recognized one-ounce gold bullion coin. First minted in 1967 from Rand Refinery, it was developed to internationally promote South African gold by making it easy for anybody to invest in gold. It’s been legal tender since it was created, which means that you can take your investment with you wherever you go—and sell it pretty much anywhere in the world for cash.
If you’re thinking about buying Krugerrands as an investment, here’s what you need to know about the most popular gold bullion coin in the world: