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Tag Archives: sell silver

5 Reasons to Consider a Gold or Silver Consultation Before Buying or Selling

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

Sterling Silver Explained: Characteristics and Value

What is sterling silver?

It is an alloy of silver that contains 92.5 percent by mass of silver and 7.5 percent by mass of other metals, usually copper (the minimum allowable fineness is 99.2). The sterling alloy has the advantage of containing fewer impurities than the higher grades of coin-grade metal alloys used for minted coins. That yields a brighter white finish that will remain unmarred over time if care is taken during fabrication using standard practices. It also improves the machinability of the otherwise somewhat difficult to machine alloy. Sterling silver objects are often gifts in western countries, particularly at weddings, anniversaries, and birthdays. The word “sterling” means valuable or pure. Research indicates that this term emanated in the late 15th century when it was first used to describe the silver coins of the British pound sterling. These coins were originally made of pure silver.

The characteristics of Sterling Silver

1) Durable

When choosing materials for your jeweler’s work, durability will always be near the top of the list. After all, no one wants their cherished heirloom jewels destroyed in just a few years. That is where sterling silver shines – its level of durability is thousands of times greater than pure silver alone. It has also been reported that non-precious metals corrode sterling silver jewelry at a rate of only 2-5% per year, compared to the 30% per year for other metals.

2) Hypoallergenic

It means that it is less likely to cause an allergic reaction than other types of metals. Therefore, wearing jewelry made from sterling silver may be a better option for you than other materials if you have sensitive skin.

3) Resistant to tarnish

One of the main reasons people choose sterling silver jewelry is its resistance to tarnish. Tarnish is the black film or coating that can form on silver over time due to oxidation. While all silver will eventually tarnish, sterling silver is slower and can be restored to its original shine relatively easily.

4) Affordable

Silver is naturally more expensive than other materials like brass or bronze as a precious metals. However, sterling silver remains one of the most affordable options for precious metal jewelry. And with its many benefits, this makes sterling silver a great choice for those on a budget.

5) Aesthetic appeal

From its bright shine to its cool grey color, sterling silver has an elegant and timeless look. That makes it the best option for any jewelry – from everyday pieces to special occasion items.

What is the Value of Sterling Silver?

The value of sterling silver varies depending on several factors, including the purity of the metal and the market demand. As a precious metal, sterling silver has been used for coins, jewelry, and other decorative items for thousands of years. It is typically offered as a gift or collected by enthusiasts. While the market value of sterling silver can go up and down depending on demand and global economic conditions, it has generally held its value better than other base metals over time. That makes it a popular choice for investors and collectors alike.

When it comes to calculating the value of sterling silver, there are a few things that you need to take into account. The most important factor is the weight of the silver in question. That is typically measured in ounces or grams. The current market price for silver will also play a role in determining the value of your silver. Also, any special features or markings on the piece will be considered. For instance, if you have a sterling silver necklace that weighs 2 ounces. The current market price for silver is $16 per ounce. Therefore, the value of your necklace would be $32 (2 ounces x $16 per ounce).

What is the Appearance of Sterling Silver?

Sterling silver has an easily recognizable and very specific look. It is a shiny metal that has a pale white color. When new, sterling silver jewelry often has a bright sheen that can be quite striking. However, sterling silver will take on a more subdued appearance as it ages. Over time, it may become slightly darker and more tarnished. That is normal and does not mean that the jewelry is no longer in good condition. In reality, many people prefer the aged look of sterling silver over its original brightness.

To preserve their beauty, sterling objects may be coated with a thin layer of rhodium, a precious metal that does not tarnish. Sterling silver is often used in jewelry, tableware, and other decorative items. It has a bright, metallic luster that can take a high polish.

Are you looking to sell your sterling silver? Make sure you sell to a reputable dealer. Contact Doylestown Gold Exchange today!

How to Sell Gold and Silver Coins for the Best Price

Collectible coins

Calling all coin collectors! What is the number one rule when you’re planning to sell coins in gold or silver? Make sure you get the best price for your unique collection, of course. Thankfully, you don’t have to be a savvy coin expert to maximize the return on your investment. All it takes to sufficiently pad your wallet is a healthy dose of industry insight from local experts who are in the know.

In this blog post, we’re sharing the following helpful insider secrets on how to sell gold and silver coins for the most money:

  • Check the current market value
  • Authenticate and appraise your coin collection
  • Follow storage and handling best practices
  • Choose a trustworthy dealer

If you want to sell coins, keep reading as we dive deeper into these hints for getting the most bang for the buck.

Continue reading How to Sell Gold and Silver Coins for the Best Price

US Gold and Silver Shortages: The Short and Long Term Effects

Gold and silver have gained recognition and reverence throughout history. There are many reasons to own or sell gold and silver. Unlike money, these metals have intrinsic value. When economies collapse and fiat money becomes valueless, governments resort to gold.

Do you have gold and silver pieces sitting idle somewhere? We will explain why this year could be the best time to sell gold and silver. Continue reading US Gold and Silver Shortages: The Short and Long Term Effects

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

How to Make Extra Cash for the Holidays: Tips for Selling Gold and Silver

selling gold and silver

It may be tough to admit, but the holiday season can be a stressful time of year.

There are office parties to plan for, and family gatherings at home to cook and clean for.

If your kids have school events to attend during the season, you’ll probably find yourself needing to pick up at least a few extra presents or party supplies.

And if you’re traveling out of town to spend Christmas, Hanukkah, Kwanzaa or New Year’s with family, you’ve either got plane tickets to buy or gas tanks to fill up.

Continue reading How to Make Extra Cash for the Holidays: Tips for Selling Gold and Silver

Gold is at $1600! Good time to see what your gold and silver are worth today.

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.

Looking to raise money for a charity? Need a new Fundraising idea?- Try a gold Party!

Over the past few years with a weaker economy people have been struggling to raise money for their favorite charities and causes they support.  These fundraisers are very important to every community as the money raised goes to support many families that are in need.  One of the main problems today is people do not have the extra money to donate, as rising costs in their own home has made it difficult to keep up with the bills, much less give money to help other people.  It isn’t that we don’t want to help, it is just that we can’t and this trickle down effect is felt at every level.

Doylestown and Richboro Gold Exchange has developed a fundraising idea that has been used and has raised money without hurting people in the wallet. With the price of gold and silver so high, you may be surprised at what treasures you may have in your jewelry box.  A hand full of old broken jewelry could be worth hundreds of dollars.

 

 

Continue reading Looking to raise money for a charity? Need a new Fundraising idea?- Try a gold Party!