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All posts by Doylestown Gold Exchange

The Advantages of Buying Engagement Rings Near the Holidays

best time to buy an engagement ring

It’s a question that comes up a lot in our industry:

When is the best time to buy an engagement ring?

The only way we can answer that question is like this: “The right time to buy an engagement ring is when you know you’ve found the right person to give it to.”

Beyond that, there are certain advantages to buying engagement rings around the holidays, or really, any time of year.

Before Christmas

In the weeks before Christmas, many businesses are offering sales and discounts, all of them vying for treasured holidays shoppers.

Start your search early enough to give yourself time to think about your purchase. You might also find there’s a larger selection of rings to choose from.

After Christmas (but before Valentine’s Day)

Christmas and Valentine’s Day are two of the most popular days for proposals, so if you begin your search for a ring just after Christmas – in late December or early January – you’ll be able to beat the pre-February 14 rush.

Spring and Summer

Planning to pop the question on a spring or summer getaway? Take the pressure off yourself by shopping during the post-Valentine’s period. You won’t have to contend with larger crowds and vendors will be able to give you more attention.

Black Friday and Cyber Monday

No discussion of the best time to buy an engagement ring is complete without the post-Thanksgiving shopping weekend. There are often significant discounts to be found this time of year.

But no matter what time of year you decide is the best time to buy an engagement ring, there are certain rules you should follow:

1. Study the “4 Cs”

The “4Cs” is a global standard created by the Gemological Institute of America (GIA) for assessing the quality of a diamond. They are:

  • Color – The less color in a diamond, the rarer and more valuable
  • Cut – How well the stone unleashes light
  • Clarity – The absence or presence of blemishes and inclusions
  • Carat weight – This determines the diamond’s size

Once you understand the four Cs, ask yourself which factor is the most important to you.

2. Choose your shape

This may be even more important than the 4Cs. The shape refers to the actual geometry of the stone. Try to get an idea of the shape your partner loves before you buy. Many couples ring shop together these days, so you may already have some notion of what they like/dislike.

3. Metal and setting

The right setting – this is the metal frame the diamond is mounted on – can do a lot for the ring. Your jeweler can advise you on which stones go with which settings.

The choice of metal is important as well. For example: Does your partner have sensitive skin? Consider platinum, which is hypoallergenic but also durable.

4. Work with your budget

The conventional wisdom used to be that an engagement ring should cost you three month’s salary. We’re not sure that’s still true. Just buy the nicest ring you can find without getting saddled with debt.

5. Work with a professional

Search for a trusted jeweler when you begin your search. Pick someone who has been accredited by the Jewelers of America or is a member of the GIA, for example.

Are you shopping for a new diamond engagement ring? Visit Doylestown Gold Exchange, where owner Greg Glemser uses his GIA training to help customers find the right rings for them.

Remember, the only “right” time to buy an engagement ring is when you feel ready to do so. Stop in today to find the ring that’s perfect for your loved one.

How to Care for Silver Flatware

how to care for silver flatware

When it comes to day-to-day meals – the cereal you eat at the counter before work, the pasta you reheat when you get home – you’re okay with using regular stainless steel knives and forks and spoons.

And when it’s time for a special occasion, you break out “the good silver.”

Only these days, that silverware isn’t looking so good. But don’t fret. It’s easy to keep your silver flatware looking its best. Read on to find out how to care for silver flatware.

Continue reading How to Care for Silver Flatware

Winning Streak: Doylestown Gold Exchange Makes “Best of Bucks” Once Again

2018 Best of Bucks Mont

We won!

For the fifth year in a row, readers of the Doylestown Intelligencer have named Doylestown Gold Exchange the region’s Best Gold and Precious Metals Buyer in the 2018 Best of Bucks-Mont contest.

It’s a gratifying feeling to know that when it comes to grading cash for gold, Doylestown residents – and people from throughout the area – trust our expertise.

If that wasn’t enough, this year also marks our fifth year of being named one of the best jewelry stores in the region. We’ve also been recognized in a new category this year: Best Engagement Rings and Wedding Bands.

Continue reading Winning Streak: Doylestown Gold Exchange Makes “Best of Bucks” Once Again

Will the Midterm Elections Affect Gold Prices?

gold price after election

Whenever there’s a presidential election, people tend to turn their eyes to the stock market. Will a new president cause prices to rise? Will a change in leadership scare investors, or put them at ease?

That got us thinking about November’s midterms. What will this year’s closely-watched Congressional races mean for gold prices and people looking to buy and sell gold? Let’s take a closer look.

Continue reading Will the Midterm Elections Affect Gold Prices?

What to Do When You Find Rare Coins

rare coins

You come home after a long day of running errands with a big handful of change in your pockets and add it to your coin jar.

Inside the jar, there’s the usual mix: some quarters, some dimes, a whole lot of pennies. But then you notice something odd: one of the pennies seems to have a misprint.

Could it be a rare coin? To be clear: this is all hypothetical. Rare coins are, well, rare. We don’t want to suggest that you’ll find one in every handful of change.

But if you do happen to come across rare coins, there are steps you can take to preserve your find.

Continue reading What to Do When You Find Rare Coins

Vote for Doylestown Gold Exchange in the Best of Bucks

Hello everyone.

We’ll get to the news portion of this blog post in just a minute, but first, we want to offer our thanks.

Thanks to you, our loyal customers for our winning streak. Each year since 2014, we’ve been named the region’s Best Gold and Precious Metal Buyer in the Doylestown Intelligencer’s Best of Bucks-Mont contest.

Continue reading Vote for Doylestown Gold Exchange in the Best of Bucks

Could Iran Sanctions Affect the Price of Gold?

cash for gold Bucks County

Last month, the United States government announced it would impose “the strongest sanctions in history” on Iran.

And while a lot of the news coverage on this issue dealt with how the sanctions would affect oil and gas prices, it’s worth taking a minute to ask a question any Bucks County cash for gold business might ask:

What does this mean for gold prices?

It will most likely give them a boost, at least according to some analysts.

“The news should come as some welcome relief to anyone who owns the metal as its performance hasn’t been exactly stellar of late,” writes Simon Constable in Forbes. “The price of gold was recently trading around $1,293 a troy ounce, down from an average of around $1,332 in January, according to data from the London Bullion Market Association, a U.K.-based metals market trade group.”

The new sanctions make it illegal for anyone in the U.S. to do business with Iran, while also virtually prohibiting the use of any major bank for Iranian trade.

But what does that have to do with gold?

According to Forbes, the U.S. is trying to close a loophole that allows the use of precious metals to get around the sanctions. But Constable also notes that the government is unlikely to succeed.

“Part of the reasoning is that gold has a long history of use when other currencies are unusable,” he writes. “On top of that, gold has long been used in Iran, both by the government and the people, both to store value and to skirt sanctions.”

Gold is useful now for the same reason it was a few hundred or a few thousand years ago: it’s works as a form of currency when banks are off limits.

It’s especially valuable in Iran, Forbes notes: The country is dealing with substantial inflation and has a long history of selling oil for gold. All of this adds up to a situation where gold will be in greater demand.

Getting cash for your gold

Gold has always made a good investment, particularly for people who are focused on preserving their wealth. We like to refer readers to this quote about gold investment from our owner, Greg Glemser:

“It’s the idea that I want my $100 today to be worth $100 next year. You’re not really investing to make money, you’re investing to preserve the money you have.”

At the same time, you might be in a situation where you need cash and begin to shop around for Bucks County cash for gold businesses.

If that’s the case, we’d recommend taking these steps before you sell:

Know the value of what you’re selling

There are plenty of online sources that can tell you the current market price of gold and other precious metals. (We track precious metal spot prices on our home page.)

You should also know the karats of your gold jewelry before you sell. For example, something that was 14 karats would be 14 parts gold and 10 parts other metals (gold is too soft to be used in jewelry and must be combined with other materials in order to last).

When you know the karats of your gold, and the current gold prices, you’ll be in a better positioning when negotiating with a buyer.

Shop around

There’s no rule that says you need to take the first offer you get for your gold. Shop around at different Bucks County cash for gold buyers and choose someone you trust.

Doylestown Gold Exchange has spent more than two decades establishing itself as a trustworthy buyer of gold. We don’t just aim for a one-time sale but look to build long-term relationships with customers who want to buy gold, sell gold, or have jewelry appraised.

Contact us today or pay us a visit to find out how we can help you get the best value for your gold.

How Do I Clean My Gold Jewelry?

bucks county, pa jewelry store

When you first bought your gold jewelry, it was sparkly and new, the type of thing you were proud to put on and show off.

But it’s been a few years, and your jewelry has lost some of its gloss. But don’t worry: You can clean your gold jewelry using things you likely have lying around the house.

Before we start, we should note that you should use caution with any of these jewelry cleaning methods. If you’re not sure about something, pay a visit to a Bucks County, PA jewelry store that you trust to get some guidance.

With that said, let’s look at some of the ways you can give your gold jewelry the shine it deserves.

Continue reading How Do I Clean My Gold Jewelry?