If you’re in the market to purchase the largest round fancy vivid blue diamond in the world, you might want to book a ticket to Hong Kong for October. That’s when Sotheby’s Hong Kong has scheduled its Magnificent Jewels and Jadeite Autumn Sale, which features the spectacular Premier Blue diamond. But if you go, be sure to bring your checkbook — experts believe that this unique stone will fetch more than $19 million at auction.
The American $100 bill is arguably the most important and most used bill on the planet. Hundreds make up about 75% of the value of all cash that’s currently in circulation, and they’re incredibly popular overseas as a hedge against fluctuating local currencies. This popularity has led to widespread efforts to counterfeit what has become the gold standard of American currency. That’s why about 10 years ago, the process to redesign the bill began, with the goal of making it much harder to counterfeit.
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.