Before opening Doylestown Gold Exchange in 2011, you started to see the landscape of what a traditional jeweler was begin to change as the economy hit a down ward turn and effected the buying habits of its’ customers. There were always local competitors, it was generally a family business serving a large, primarily wealthy multi-generational customer base that routinely purchased luxury jewelry. Then, the 2008 financial crisis hit, and a seismic shift in buying habits occurred. While some people continued purchasing new pieces, others were looking to liquidate their precious metal assets like gold, silver, diamonds, and coins. However, many jewelry stores didn’t buy these items and stuck to their traditional model, so their customers were forced to sell them elsewhere. That’s when we knew a new kind of jewelry store had to emerge.
Continue reading Doylestown Gold Exchange: A New Kind of Jewelry Store
Investing in gold coins and collecting coins are both valuable ventures. However, collectors tend to purchase valuable coins as a hobby due to their rarity, while investors invest in gold coins as a hedge against a dwindling economy. Either way, both collectors and investors have one thing in common: a strong appreciation for gold coins.
If anyone could pick a day for the explosive beginning of coin collecting in America, then May 25, 1857, would be a likely candidate. According to David Thomason Alexander, the author of “10 Great Moments That Shaped American Coin Collecting,” copper was used in the Flying Eagle cent as the base material for the penny. It was unpopular, but news that the large cent would soon be no more caused people to want to find and save the coin. Continue reading Gold Coins: Should You Be Collecting or Investing?
You’ve probably heard of the 4Cs of diamonds: carats, cut, color, and clarity. And when you’re shopping for an engagement ring or other piece of diamond jewelry, it’s easy to compare carats, which represent the weight of the diamonds. For example, a smaller diamond might weigh .5 carats, and a larger one might weigh 1 or more carats. If you pay attention only to the carat weight, however, you’re missing the other 3 important cs: cut, color, and clarity. It’s these 3 attributes that affect a diamond’s quality.
The following explains more about cut, color, and clarity and how they affect a diamond’s appearance and value: Continue reading Know Your Diamonds: Cut, Color and Clarity
In today’s economic climate, many people are considering buying or selling precious metals like gold and silver to diversify their investment portfolio or offset market conditions. However, investing or selling might not be right for every situation. Market volatility, long-term holds, and wide spreads are just some financial factors to consider before moving forward. So, how can you know whether precious metals will benefit you? Consult with a local precious metal expert. Continue reading 5 Reasons to Consider a Gold or Silver Consultation Before Buying or Selling
Coin collecting is fun for every age. It’s interesting to learn about rare coins and read whimsical stories regarding their manufacturing (“coining” or “coinage”) and distribution or circulation. When buying and selling coins, the first thing to know is this: Things change. Values change. The rare coin your grandmother cherished may now be worth less than the meltdown value of coins in your son’s collection.
The next important thing to know is this: You need a mentor or at the very least a trusted, “name-brand” local coin dealer. Coin dealers are not created equal. Continue reading Coin Dealers: 4 Tips To Find the Best
Where do diamonds come from? If you said, “the Earth,” you’re right. And if you said, “a lab,” you are also right. So, what’s the difference? Earth-mined diamonds, also referred to as simply ‘mined diamonds,’ have long been the standard for engagement diamonds, diamond earrings, and other diamond-studded treasures. However, new technology has given these “below ground” precious stones a run for their money with the creation of lab-grown diamonds, an “above ground” alternative. Continue reading Why Lab-Grown Diamonds Are Surging in Popularity
Sometimes, it is easy to get confused about fashion or luxury jewelry in the fashion world. To complete a look, consumers add many components to an outfit, especially in women’s fashion. It could be a scarf, shoes, handbag, bracelets, and more. But what makes these pieces “fashion” rather than fine jewelry? Continue reading Fashion Jewelry vs. Fine Jewelry: Which is right for you
Silver is a popular investment metal, and while some people might prefer to hold onto their silverware, others may wish to sell some of it. However, how can you make sure you don’t get ripped off when selling silverware? Follow these simple steps to ensure that you get the best deal possible before handing over your precious silverware.
Continue reading The Best Practices for Selling Your Silver Flatware
Gold has been considered a store of value by civilizations around the world for thousands of years. Whether its numismatic gold coins, gold bullion, or fashionable jewelry, today, gold’s spot price is once again close to $1900 an ounce. Understanding the quality and purity of the gold you are buying is the key to making an informed investment.
Continue reading Purity of Gold: Difference between 24k, 22k and 18k gold
Spring is a time of new beginnings. With new life peaks out of frosty gardens, it’s a good time of year to think about reinvigorating your jewelry collection. Old and broken jewelry tends to fall to the back of drawers or the bottom of your collection. Don’t let it! Continue reading Need jewelry repaired? Come see our experts at Doylestown Gold Exchange!