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:
The word “bullion” may conjure up images of pirates pillaging treasure chests or the military patrolling the golden bunkers of Fort Knox — but bullion isn’t just for the criminal class and the government. In fact, buying bullion is a great way to diversify your portfolio and (often) realize a great rate of return.
How exactly do you buy bullion? Let’s start at the beginning.
The story of the U.S. penny begins back in 1787 when the first pure copper half-cent was designed by Benjamin Franklin and manufactured in a private mint. Back then, you could buy a nice plate of eggs and bacon with a few cents, but today a penny doesn’t get you much at all. If you’re like most Americans, you probably find yourself either leaving your pennies in the “penny dish” at the counter, or taking them home to drop in a jar that you periodically empty into a CoinStar machine.
You can’t go anywhere these days without hearing about what a great time it is to sell your gold. With the economy still struggling, more and more people are selling their gold for cash. And it’s true that at around $1,700 an ounce, gold prices are near record highs. But you need to be careful when selling your gold.
At West Seattle Coins and Bellevue Rare Coins, our certified numismatists have been evaluating gold since 1979. And we talk to people interested in selling gold every day.
Here are some simple tips you should consider before selling your gold to a gold buyer:
Gold is a hot topic these days. You’ve heard about it on the news. Or seen the men waving signs that say, “NOW IS THE TIME TO SELL YOUR GOLD!” Prices are near all-time highs — and that’s why it can be a great time to sell your gold. But first you have to figure out how much it’s worth.
We’ve all got some gold lying around. Maybe it’s a dusty box of old gold jewelry, or a collectable gold coin or two. The question is: How do you determine the value of your gold?
An appraisal is a fairly simple process, but it helps to have an expert opinion you can trust. The specialists at West Seattle Coins and Bellevue Rare Coins help people with fair and accurate gold appraisals every day.
There are three main factors that gold appraisers take into account when valuing your gold:
Haven’t we all seen that guy on the beach or in the park — with his socks pulled high and headphones on, swinging a funny contraption over the ground — and thought to ourselves, “that guy won’t find anything! What a waste of time!” Well, maybe we’ve got it wrong.
On January 16th of this year, an avid local prospector came across a 12-pound (177 t/oz.) gold nugget in Ballarat, Australia, resting two feet underground. The exact location remains a mystery, but we do know he was using a Minelab GPX-5000 detector that costs about $6,000. Not your entry-level detector, but definitely worth the investment after this find! The prospector took his enormous find to the Ballarat Mining Exchange Gold Shop to confirm his discovery. The owner of the shop, Cordell Kent, described how the prospector heard a faint sound, then wiped away some leaves and started digging. What he thought was an old car part turned out to be a 12-pound nugget of gold!