Rare coins have been known to sell for high prices, but a gold coin of this caliber sold for $7.4 million, making it one of the highest
prices any coin has ever fetched. The gold coin left the hands of Blanchard and
Co., in New Orleans, who sold the doubloon to a Wall Street investment firm.

Historical Gold Coins

What’s most important about the value of the coin is its
rich history. The Brasher doubloon has long been a historical mystery. Named
after Ephraim Brasher who was a goldsmith, silversmith, and jeweler, there is little known about
the making of the coin. Brasher minted the coin as one of the first pure gold
coins in circulation, but there is little to no documentation to explain how
the coin emerged. What is known of Ephraim Brasher is little, but what is known
of the doubloon that bears his mark, EB, is even less.

The word “doubloon” often refers to Spanish coins, yet this
gold coin was minted in the United States. In fact, the Brasher doubloon is
fated as the first American-made gold coin. It had a dollar amount and was
intended for use. However, when measured against the fact that the original
mint in Philadelphia didn’t start making coins until 1790, the $7.4 million
sounds like a drop in the hat to the inestimable price of history.

Today’s Gold Value

The mystique behind the coin is enough to give it great
value, not to mention its numismatic value. The significant amount of gold in
which it was forged – 26.66 grams, or about one ounce – certainly adds to the
monetary value of the coin.

Upon minting the coin, the gold value for use was $15, but
by today’s standards the coin would value at more than $15,000. That’s a big
jump in price, which tells you something about the value of gold today.

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It truly is a seller’s market for gold but it may not last because the bubble could burst at any moment and high prices could come down. That means it is a good idea to sell gold Roslyn Heights, NY, right now before the price falls. In a few months buyers could offering half or less what they are paying right now.

So what are they buying anyway?

Any jewelry that is made of gold no matter what number of karats is involved. They will pay less for items with fewer karats because they have less gold in them. They will also pay for items that are partially made of gold.

• Scrap gold including that used in jewelry making, partially melted gold and pieces of old jewelry. Anybody who has worked in the jewelry industry or who has had a family member that did should look around the house for this.

• Gold coins including old US coins, foreign coins and collector’s coins. These may not be made of gold but it is always a good idea to take them to a buyer and let him make the determination. It won’t cost you a thing and it could be worth money.

• Gold bars and bullion including those used in jewelry making.

• Medallions and medals made from gold including awards. These may or may not be real so bring them in and let a professional tell you if they’re worth money.

• Watch cases and other gold-plated items these could be low-karat gold. It won’t fetch the same price as 24 karat items but you could make a few extra bucks from it.

• Chains so it’s a good time to get rid of all that tacky gold jewelry a lot of guys bought back in the 1970s and 80s.

Where to Sell Your Gold

Even though many businesses are buying gold these days it is always a good idea to deal with professionals that have made it their family business for generations. The professional buyers will give you a higher price for items and they will be more likely to tell you what something really is and what it is really worth.

They may also give you more money for individual pieces which could be worth more as antiques or jewelry. The fast cash shops won’t do that they simply buy by the pound for the smelter.

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You do not have to settle for the low-ball price when you sell gold. Instead you can get a really good price if you are willing to shop around and exercise some common sense.

What You Need to Know about Selling Gold

First you should realize that you probably will not get the full price for gold you see listed in the newspapers. The reason for this is that most of the gold you have is lower karat gold, which contains less of the precious metal. Most jewelry gold is between 12 and 18 karats. The less karats gold has the less it is worth because there is less of the metal there to begin with.

Second you need realize that it is a seller’s market for gold and other precious metals. Prices are high and buyers want your business and they’re competing for it. So go to two or three different places before you sell. Also be willing to walk out many buyers will offer you more if they see you are not willing to settle for the low price.

Third find a professional gold buyer because such a business will give you more Money for Gold. These businesses are around most big cities and they do business online to. They will actually pay the shipping costs on items if you don’t live near them. If you live around a city like New York you can actually have a buyer come to your house or safe deposit box and examine your valuables there.

Fourth know what they buy. The items that they want include:

• Scrap gold
• Gold bars
• Gold chains
• Damaged gold
• Gold nuggets
• Gold medallions and medals
• Platinum
• Silver
• Palladium
• Rings
• Old watches
• Old watch cases
• Broken jewelry
• Pendants
• Tennis and other bracelets
• Engagement rings
• Gold coins

Fifth you never know what could be made of gold so don’t feel embarrassed to take in any sort of old jewelry or other objects you find laying around the house. The buyers will be happy to look at it and give you money for it if it is made of a precious metal. If it isn’t going to the buyer or calling her out to your house will cost you nothing. So don’t be afraid to take the risk.

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The first and most important thing to know about cash for gold is that you will not get the price for gold and other precious metals that you see publicized in the internet, newspapers and elsewhere. That price is for pure or 24 karat gold and it is only available to traders on commodities exchanges.

The price you’ll get from a local buyer in Hewlet, NY, will be substantially lower for several reasons. For example most gold jewelry is made from lower karat usually 18 or 12 karat gold. This means there is less gold content in the jewelry so it will be worth less.

Generally, the price that a buyer gives you will be based on the karats and the weight of the objects that you bring in. Many older pieces of jewelry and coins are only worth money because of their gold content. Other factors can increase the price including the presence of diamonds or other gemstones. The style, age and condition of the jewelry can affect the price. Even with these concerns, it will be still be possible to sell most gold jewelry and coins for several hundred dollars.

In some cases, the piece can be worth more as jewelry. In other cases it will only be of valuable for the metal it is made of.

There is another precious metal called platinum that is actually worth more than gold. Most buyers will purchase it as well as gold so bring in anything that you think could be made of platinum.

Something else you may not realize is that you run no risk or obligation by bringing in objects to get priced. The buyers will not charge you and if you don’t like the price you are under no obligation to sell. Even if you have a buyer come to your home or safe deposit to examine the items there he or she will not charge you for that service.

That means you run absolutely risk when you have a gold buyer examine an object. You will learn what it is really worth and you won’t pay for that service.

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Fortunately locating reputable gold buyers is far easier than you probably think. There are many established, family-owned companies with great reputations that buy all manner of valuables. Some of these organizations have been operating in the New York area for generations and they will give you the best price.

A person who does business with an established family owned gold buyer should get a good price and have a great experience. There is no reason to send your valuables halfway across the country or do business with a bunch of out of towners that set up shop in some motel room. Instead you can work with an established local business that is part of your community.

There are several locally owned gold-buying chains that have locations throughout Long Island and Queens including Roslyn Heights, NY. These New York based buyers can give you the best prices because they are right here in the center of the gold market. They do not have high overheads and their direct connections to the jewelry business make it easier for them to give you more cash.

More importantly these buyers are strictly regulated by the State of New York. They have to be more reputable and honest because they can answer to somebody else. Some of the online buyers and traveling buying groups are based in other states with less stringent rules in order to get around the law.

Finally many of the local family owned gold buyers will actually come to you if you don’t want to go them. You don’t have to take the risk of taking your valuables out of your home or your safety deposit box. The buyers will come to your home, your bank or your vault company so you don’t have to run the risk of being in the streets with valuables on you. Criminals know all about the high price of gold and they’re out there looking for people with it.

If you don’t feel safe carrying a lot of cash around, a buyer can pay you by check, Paypal or a direct deposit to your bank account. That way you can get the money and have it available to pay bills right away without putting yourself in danger.

Finding a reputable gold buyer is easier than you think. Therefore there’s no reason to keep unwanted gold, diamonds, silver, platinum, old watches, gold coins, jewelry or gemstones around. Turn them into cash and forget about the headaches.

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That price is for a troy ounce of 24 karat gold, in other words a troy ounce of pure gold. Most gold jewelry is not pure gold instead it is made of a composite of gold and other metals. The gold content in jewelry is measured by karats, the more karats the more gold in the jewelry. An 18 karat ring for example would only contain 75% gold, so it would be worth 25% less than a 24 karat ring.

This means you should know how many karats of gold your jewelry contains before you sell it. Unfortunately it is difficult for average people to figure this out. Fortunately a reputable gold buyer will assay your gold and tell you this if you send it to them.

That is why it is so important to send your gold to an honest gold buyer. They can give you a fair assessment and a good price. Some buyers will not do this they simply pay a flat rate usually half the exchange price for gold. They do this because they know they can get away with it.

It is also a good idea to compare the prices of gold at a number of different buyers. Different websites will give you different prices for the exact same gold. Some sites will actually pay several hundred dollars more an ounce for gold.

Another thing to realize is that the weight of your jewelry determines the value. Jewelry, especially old jewelry is often only valuable for its precious metal content. That means it is valued by weight because the buyer plans to melt it down or sell it to a smelter.

Finally there are other factors that can increase or decrease the price. Gemstones such as diamonds can add to the price and some jewelry is more valuable as an antique or a collectible. Fortunately a reputable buyer should be able to tell you this but you will only know it if you send them the gold.

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How to get the Best Prices for Precious Metals

The best way to get really good prices for precious metals, gems and other items is to be prepared to shop around. Simply going to a number of different locations when you sell gold Long Island can help you get the best prices. The important thing to remember is that you are under no obligation when a buyer looks at your items. If you do not like the price you can say no.

Many buyers will actually try to lowball you in order to make extra money. If you make it clear that you are not willing to be low-balled you will be more likely to get a really good price.

Persons who live in the New York area have many places to sell their valuables. New Yorkers will usually get the best prices for their items because the jewelry industry in the US is centered in the Big Apple. Persons in other parts of the country can take advantages of these prices by sending their items to a gold buyer New York.

Many of the top New York buyers will actually pay the shipping to have you send your items to them. They will also insure the shipment so you take no risk and will send the items back if you do not like the price. Best of all the buyers will pay you instantly through Pay Pal or a direct deposit to your bank account.

This means you should be able to get a really price for your items no longer where you live. Anybody anywhere in the US can get New York prices for his or her valuables.

More Than Just Gold is worth Money

It is not just gold that is worth money, buyers are also purchasing, silver, platinum, diamonds and other gemstones. Best of all they will look at almost anything at no obligation to you. If you are not sure about something send it to a gold buyer New York or take it to a buyer. You could have nothing to lose about your items.

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What is unusual is that normally when money sentiments are not looking good, people turn to gold as safe haven. However, what happened was people are accumulating dollars rather than gold. There are investors who say that people are looking for ways to increase their liquidity and are cashing in on their gold to gain new funds. The news about the disorder in the Middle East is also putting pressure on gold prices which lead to its decline.

So far, gold isn’t the only one  affected. Even the price of other precious metals  and oil are going down after the news on world events are hitting headlines. Japan is the third largest country in the world that consumes a lot of oil and when their buying ability is affected, it will create drastic movements in every market. Any worst development that will happen further will also pull down gold prices and it’s most likely that the price initially forecast at $1,150 won’t be very far.

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Just recently, it was reported at Washington Post that a young girl used an iPhone game called Smurf Village and spent $1,400 of real money just to decorate her virtual mushroom home. The Smurfberries weren’t for real anymore; they turned out to be a wallet-buster for the child’s parents.

At this time and age, you can just imagine what $1,400 can buy you. And knowing that your innocent daughter fell for the deadly schemes of the program makers is really a nightmare.

Most children love playing games on iPhones and iPods but the amounts they see there are just numbers with no legal value. But now, there are certain in-apps that will let you buy something virtually but they cost real money.

This is the new economy that’s making more money in our society nowadays. The innocents are their goldmine who will unknowingly submit to their recommendations. Their defense is that they have warnings on their in-apps to tell people of the possible consequence of not locking their in-apps purchasing ability. Those that read the warning are glad they did. Those who didn’t read the warnings, that’s another story.

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Real gold is so valuable that most rings, watches, and other jewelry are very rarely ever made with real gold. Besides, 100% real gold is so soft to the touch that it could actually get broke or disfigured very easily. But, what if you do have the extra money, how can real gold help you. Well, it can’t necessarily help you but it literally can “make you look like a million bucks.”

Gold plated jewelry can be nice for a price. But, usually this “fake” gold is overwhelmingly ugly. Gold plated jewelry has also been known as the rip off metal. When trading with a friend, relative, or someone of the likes how do you know that you are being traded real gold? Unless you get the jewelry appraised, you really don’t know until you decide to sell your gold.

All in all, a good consultant will tell you, real gold is the way to go. Just make sure that the gold jewelry you choose is not pure gold or you may be in store for some problems. These problems include lost gold, stolen gold, and even ransomed gold. If you however feel that you are safe enough with real gold, do go for it! If not, fake gold may just be the best option available for you. Gold plated jewelry can have it’s benefits but just doesn’t compare when real gold is compared side by side. The beauty of real gold can leave you awe-struck as well.

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