Here’s a word to the wise: If you have a coin collection you’d like to sell, it’s always prudent to tread carefully. Because while the condition of you coins is certainly critical, so to is the quality of buyer you bring them to.
The majority of coin dealers, of course, are honest and reputable businessmen, although some will try to take advantage of naive sellers. So let’s take a look at some of the most important tips to keep in mind if you’re interested in selling a coin collection:
Continue reading Selling A Coin Collection? Read These Tips First!
According to Greg Glemser, a graduate gemologist and one of the three co-owners of Doylestown Gold Exchange & Jewelers, the customers who come into his shop with coin collections in tow almost always arrive with some variation of the same question: “What exactly do I have here?”
How Do You Know What Your Coin Collections Are Really Worth?
That’s a perfectly logical question to ask, and if you’ve ever been on the receiving end of an old and potentially valuable coin collection yourself, you’ll probably understand why.
Part of the answer, of course, is that most of us simply don’t know a whole lot about the value of coins. (Seriously: How many hardcore coin collectors do you know?)
The rest of the answer has to do with the way in which coin collections tend to appear in people’s lives.
Continue reading Why We Buy Coins and Appraise Coin Collections
“Reality” television programs have been wildly successful for decades, with none more popular than The History Channel’s Pawn Stars. The series, which is the network’s highest rated show, is filmed on location at the World Famous Gold & Silver Pawn Shop in Las Vegas, Nevada. The show depicts the staff’s interactions with customers who bring in a variety of artifacts (including coins) to sell or pawn, and are shown discussing its historical background and negotiating the price.
When the buyer is unable to evaluate an object the staff summons a knowledgeable local expert (who just happens to be conveniently available) to evaluate the item to determine its authenticity and potential value.
Continue reading Three Tips for Buying and Selling Coins
Numismatics — the collection of currency, including coins, tokens or paper money — has grown dramatically in popularity due the increasing price of gold and silver. Coin collecting has become a popular and profitable hobby that has fascinated people around the world. In fact, coin collecting has existed since ancient times. In 1514, French scholar Guillaume Budé collected coins during the Early Renaissance from European royalty and nobility. He created the first ever book of coins.
Continue reading We Buy and Sell Old Coins
As we see an ever changing world, the one thing all people see today is that the dollar in their pocket buys less and less each day. Doesn’t matter if you make $30,000 a year or $200,000, we all try to live within a budget from what we earn, and each one of us are feeling the pressure or our ever devaluing dollar.
One of the easiest and most relevant examples used to demonstrate preservation of purchasing power is thePre 1965 US silver quarter. All quarters (dimes and half dollars too) minted before 1965 are composed of 90% silver. Back when they were circulated, that quarter was worth 25 cents due to its content and not what was stamped on it. Today’s coins are the opposite. They are worth their face value based on the proclaimed value. In reality, their melt value is a fraction of what they are assumed to be worth and exchanged for. Here’s the comparison:
Continue reading Budget a little strained? Invest in Gold and Silver, the only way to preserve your wealth!!
As the gold and silver prices begin to rise again, we are seeing more and more people coming in to sell their gold and silver for the extra money. It is amazing what a handful of broken jewelry or items that you no longer want can bring. With gold at $1600, an old school ring could bring you anywhere from $200-$500! If you have any questions or just want a free appraisal of your items, bring them to Doylestown Gold Exchange & Jewelry and we will let you know the value.
We are located in the Middle of Bucks County and offer many years of experience in precious metals. We have a graduate gemologist on staff to help with all your jewelry needs and custom diamond engagement rings.
Continue reading Gold is at $1600! Good time to see what your gold and silver are worth today.
Gold and silver being used as currency can be traced back hundreds or even thousands of years. There is a reason that these two metals were viewed as having a value above all others in almost every time in our history and around the world. Our currency was originally backed by gold and silver, so that for every dollar or coin made, there was physical gold and silver to back it up. If you look at an old $1 silver certificate, you will see that is says “Payable in silver coin to Bearer on demand.” This means when our currency was backed by these precious metals, you could walk into a bank and get a dollar’s worth of silver for that $1 note!
Continue reading Coins, Coins, Coins, Coins