215.345.6630

FAQs

Click on a question below to see the answer.

Do you do more than buy gold and silver in Bucks County?

Yes! We offer expert jewelry repair, we replace watch batteries, we repair watches, and we create custom engagement rings and remounts. We also have a nice selection of fine jewelry for sale at prices that cannot be beat. We truly are a one-stop shop, so visit our Doylestown store at 812 N. Easton Road or call 215-345-6630 to speak with one of our owners. See what we can do for you today!

How do I go about investing in physical gold and silver?

This is a question we hear more and more as the dollar loses its value. The best way to learn about gold and silver is to set up a private in-store appointment, during which we can explain why investing in gold and silver might be a good idea for you. During your appointment, we'll also guide you through the investment process itself. Just give us a call or come to the store if you'd like to speak with one of our owners about investing. And do bear in mind that we are especially mindful regarding the privacy of our buyers — that's a matter we take very seriously.

How do I know if I'm getting top dollar for my jewelry?

When you come to Doylestown Gold Exchange, we'll give you a comprehensive appraisal of your items. Pricing is based on current spot price for the day. And we know full well that we're offering fair prices, simply due to the fact that so many customers who have visited our store and then shopped around have come back to us. Many have become repeat customers. Over and over we've heard that our pricing, our service, and the positive feelings customers have in our store are second to none.

What happens to my items once you purchase them?

Once your items are checked and purchased, they are held for five days for legal purposes. They are then taken to a refiner, where the items are melted down and recycled into the industry.

How do you determine price?

Precious metals have been going up and down in price for several years, and the market remains volatile. There's no such thing as a set price in this market, so each day we set rates according to the current spot price of each respective metal. What's more, we take great care to set those rates at very competitive market percentages. Judging by the scale of our repeat customers and the number of referrals they send our way, we feel we're doing right by our clientele.

How do you know if a coin contains silver?

American coins made before 1964 are 90% silver. This includes dimes, quarters, half-dollars and silver-dollar coins. Depending on the current price of silver, these coins can be worth up to a minimum of $15 for every one dollar of the coins' face value. 

Do you buy loose diamonds?

Yes, Graduate Gemologist Greg Glemser has over 15 years experience buying and selling diamonds. We are absolutely able to get you the highest price for your unwanted diamond. Click here to learn more.

How do you test the gold and silver to find the purity?

We do a couple different tests in front of the customer to verify the purity of the metal. We can first use a loop to look for stampings or markings that will help.  We can also do a scratch test of the metal on a testing stone and use our acids to find the purity.  Another way with the permission from the customer is to cut into the metal to make sure it is not plated.  One last resort if we can’t identify the purity, is to take it in to our smelting company to x-ray and analyze the metal purity.

Do all gold buyers and jewelers have a Graduate Gemologist on staff?

No, many gold and silver dealers do not have a Graduate Gemologist on staff and some jewelry stores do not.  A Graduate Gemologist is the highest degree to obtain in the Jewelry industry.  This education helps in many areas of the jewelry business and is an important factor to look for when deciding where to sell your precious metals, or if you are looking to get an engagement ring or get jewelry repair work done.

Do you charge to let me know what you would pay for my precious metals, coins, or diamonds?

No, we do not charge for making an offer on your items no matter what you bring us.  We will work with you and go through all of your items right in front of you and talk with you throughout the process and answer any questions you may have.  Once we make an offer there is no pressure to sell and then you can decide what to do.  Offers may change with market conditions, but generally we will also be right in the range of our initial offer.

What are your store hours? Are you open late nights and weekends?

We are open 6 days a week.  Monday, Tuesday and Friday we are open from 9 -5.  Our late nights are Wed and Thursday we are open 9-7.  We are open on Saturday from 10-3 and we will always set up appointments to meet the needs of our customers.

Can I sell my silver jewelry and silverware?

Absolutely! Silver is not as valuable as gold, but we can offer you competitive market pricing for your silver jewelry and silverware. If the word "sterling" is printed on it, then you will likely be able to get a good amount of cash for silver flatware. We will test the purity of your silver items, and offer you a no-obligations price. We always aim to make the experiencing of selling silver comfortable and easy for you.

What does it mean if HGE, GEP or RGP are stamped into my gold?

If you have a piece of jewelry that bears one of these stamps, then it means that the jewelry is not solid gold, and is actually gold-plated. HGE refers to Heavy Gold Electroplated. GEP refers to Gold Electroplated. RGP refers to Rolled Gold Plated. These items have only a small amount of gold in them, and are rarely valuable.

Why should I sell gold in Pennsylvania?

Whether you inherited some gold jewelry that you no longer want, or you are looking to cash in on a gold investment, there are a number of reasons why you may want to sell your gold. We have built our reputation as trusted gold buyers in Doylestown PA, and we will test your jewelry to ensure that you receive the best price for your valuables. If you are selling gold rings, necklaces, etc. we have a graduate gemologist on staff to analyze the value of your gemstone as well.

How much is sterling silver flatware worth?

Sterling silver flatware is typically bought one of two ways:

1. For the weight of the silver to be melted
2. To resell

The first thing we need to do is confirm that what we’re looking at is indeed sterling – and not plated – silver. We’re happy to make this determination in store for no charge, but customers can check for themselves by looking at the back of the piece of flatware for the word “sterling.”

Once we’ve confirmed that we’re dealing with sterling silver, we’ll weigh your items and offer a price. Forks and spoons can be heavy, so if you’re selling an eight-person set or more, you might take home at least $500.

Knives are weighed differently, as they are not sterling all the way through (their handles are sterling, their blades are stainless steel).

Whatever the piece, we will always look at your items and make an offer for no charge. There is no pressure to sell. Remember that prices will change as the market price of silver goes up and down.

Is silver-plated flatware worth anything?

Plated flatware isn’t worth nearly as much as sterling silver. There’s such a small amount of silver used in plated flatware that it’s hard to recover and refine the silver.

We can offer you some money for a plated set and help you recycle it, or you can donate it or try to sell it a yard sale. People will always need new – or in this case new-to-them – flat ware.

How much is sterling silver worth?

When you hear the term “sterling silver,” it refers to a silver item that is 92.5 percent. Silver is around $14 an ounce, so sterling silver will fetch you around $12.95. Silver has different purity levels – 90 percent, 80 percent – so we will always look for marks on your items so we can price them properly. However, sterling silver is the most popular we see by far.

How much is a 14K gold ring worth?

We look at a few factors when pricing rings. First, we test to see that it’s 14kt gold, or 58.5 percent pure. If gold is $1,000 an ounce, that ring would get you $585.

Next, we’ll weigh the ring and let you know the price we’d give you if we melted it down. You usually get 70 to 75 percent of the value if melted down. If it’s a ring we can re-sell, we’ll usually pay more than the actual gold melt price.

As with most precious metals, the heavier the item, the more money you’ll get. A plain wedding band could fetch from $100 to $300 depending on the weight. We will always look at your items at no charge and make an offer. There is no pressure on you to sell.

How do I buy gold bars?

Customers call or stop in pretty much every day asking how they can buy and invest in gold.

Most gold is bought as coins or bars, but before you make your purchase, it’s important to understand how and why to buy. We offer free gold buying/selling consultations. There’s a lot of confusing information out there, so an-in store lesson might be what you need to understand the process and learn about market trends.

You’re spending a lot of your hard-earned money when you invest in gold and want to make sure you’re getting a fair price from a trustworthy seller/buyer.

At Doylestown Gold Exchange, our prices are always competitive, and we verify every coin. Feel free to visit or call anytime. We look for forward to answering your questions and help you invest in gold.

Do banks sell gold?

Looking to purchase gold through a bank? Some banks do offer this service. After all, banks are considered a safe place to buy and store gold.

Most gold and silver is purchased at a local dealer like us or through a large bullion investment company. We see many people visit us because we’re local, they can talk with us and walk out with gold in hand.

No matter where you purchase your gold, do your research to make sure it is a reputable place that offers you a fair price. There’s a lot of money at stake, so do your due diligence. And if you have any questions, don’t hesitate to contact us or visit our store.

Is it a good investment to buy gold?

We never tell people why or why not to invest in gold, but we do tell them this: it’s more of a way to preserve your wealth than to acquire wealth, and it is a long-term investment.

Everyone should do their research before they invest, and as always, we welcome questions. We’re happy to talk to you about investing in precious metals.

Is it worth investing in silver?

Silver is another way to invest in precious metals and diversify your portfolio. As with gold, it’s a way to preserve your wealth. It’s the idea that the $100 you have today will still be worth $100 in a year from now. And as with gold, people have their reasons for buying, and it’s important for you as an investor to know why you’re investing.

Educating yourself about the precious metals market is as important as doing your research before investing in stocks or bonds. 

What is silver bullion?

Silver bullion usually comes in bars, coins or rounds and is valued by its weight. Many people buy bullion as a way to invest in silver and the most popular, trusted coin on the market is the American Silver Eagle, although there are thousands of different coins and bars.

Some are more trusted than others, which is why they can charge more for the same amount of silver as a coin from a less trusted source. Make sure your coins have been verified. At Doylestown Gold Exchange, we test every coin we sell and make sure the customer gets what they paid for.

Why is gold more expensive than silver?

Simply put, gold is much harder to come by, and the price reflects that. For every 8.8 ounces of silver pulled out of the earth, we mine just 1 ounce of gold.

Besides, gold has always been valuable for nearly as far back as recorded history. We used to back our currency using gold. Prices may fluctuate, but in the end, gold will always be rarer and more valuable than silver.

Do diamonds appreciate in value?

That’s a hard question to answer. Gold and silver prices are always rising and falling, but a diamond is worth only what someone is willing to pay.

If you look at diamond prices through the years, you’ll see they’ve increased on the wholesale and retail markets, but there are so many factors that affect the price of a diamond.

One way to see if a diamond has appreciated is to insure it against theft, damage or loss. The appraised cost of this diamond may rise over time, which means there is some appreciation.

But if you wanted to just sell the diamond, you likely wouldn’t get the insurance replacement cost, which means there is no appreciation in value.

At Doylestown Gold Exchange, we have a graduate gemologist on staff and buy and sell diamonds every day. We’re plugged into the wholesale market, so we know diamonds.

We will always offer you the best price we can and let you know how we reached that price. Feel free to stop in our store in Doylestown or give us a call. We will do our best to answer your questions about buying and selling diamonds.