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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There are many excellent family owned stores such as NY Gold Buyers. Unlike the fast cash outlets these chains will give you a good price and they have superior customer service. Some of these buyers will even come to your home or your bank or vault company to look at your gold. They will give you top dollar for both loans and purchases.

They even guarantee that they will pay the top price for many precious metals including gold, silver and platinum. They also buy old watch cases, diamonds, gemstones and other items. If you are not sure about something take it to the buyer or call the buyer. They will examine it at no charge to you and you will be under no obligation to sell.

Gold Parties

Another great way to sell gold and to raise money for yourself or your favorite charity is to host a gold party. At such an event a buyer comes and examines items then offers people cash for them. The host keeps a small percentage of the profits and puts up no money herself. Instead the party company provides the buyer, the cash and the refreshments.

Many people use gold parties to finance charities, community organizations, sports teams, religious organizations and school related activities. Such a party is a great way to buy uniforms for your kid’s team or to help a good cause. It can also help friends, family and neighbors by giving them extra cash to get through these tough economic times.

Precious Metals Today

Prices for precious metals like gold have never been higher but there’s a good a chance the high prices will not last. The price of silver just crashed and the gold price will crash sooner or later. That means you should sell what you have right now before the bottom falls out of the market. That way you can get maximum cash for your items. It is also a good time to pawn gold because many companies are making larger cash loans than ever before.

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But while it’s a good time to sell your gold – be it jewelry pieces or coins – there are gold buyers out there who are only out to make fast and easy money on you. Gold is an expensive item, and people will do anything to have a piece of it. Many gold buyers don’t have your interest in their mind. If you want to sell gold , be sure you know where the legitimate gold traders are.

The gold buy-and-sell business is simple and quick. Just go there and sell your piece of gold, get paid and leave. But that’s only when you don’t aim for the highest value for your gold piece. If you want best possible selling price of your gold, invest time and effort, don’t allow yourself to be taken for a ride.
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One golden piece of advice, you should heed is to avoid falling for infomercials that promise to make it easier for you. A tragic mistake many people make is to believe in these infomercials as if they are gospel truths and deal his gold without research into the prevailing prices of gold.

In fact, a piece of jewelry oftentimes carries a value higher than its gold content. A 100-year-old watch, for example, can guarantee you a price that is much higher than its gold content.

To make matters worse, many gold companies will pay you an impossibly low rate of 18 percent to 20 percent of your gold’s real value. While an established, legitimate gold buyer offers a much better rate of 50 percent to 60 percent.

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Many of the family owned gold buyers do make cash loans on valuables including gold, silver, diamonds and platinum. They will often give you a bigger loan than a local pawnshop. That means a person who has silver, diamonds, platinum or gold does not have to go without cash. It is available and at a good rate.

Best of all a person who takes advantage of cash loans from an Oceanside, NY, gold buyer runs no risk of damaging his or her credit rating. Pawn loans don’t affect your credit rating and put you at no danger of being placed into collections. That makes them perfect for people struggling in these tough economic times.

There are ways NY gold buyers can help people in today’s economic environment. A person can host a gold party or buying event in which a professional evaluates gold brought in and makes offers on it. Such a party can even be used to raise money for charities and it can help everybody you know. It’s also a great way to help friends and neighbors who are too proud to seek help from charity or welfare. Best of all the party can be held at no cost to you.

So what do they buy?

Gold buyers purchase a wide variety of items including watches, watchcases, diamonds, emeralds, rubies, platinum and silver. That means many items that you have in your home or place of business could be worth money. That includes silverware, utensils, candlesticks, medallions and old coins. If you’re not sure if something is valuable or don’t know what karat or grade of gold it is bring in or call the buyer.

Reputable chains like NY Gold Cashers guarantee that they will pay top dollar at gold parties and in their stores. These chains even make their services available to people outside of the New York area. People who live in other parts of the country can sell items by shipping them in through UPS or FedEx. The cashers cover all the costs of shipping including insurance and they will send back items if you don’t like the price or they aren’t valuable. Therefore there is no reason not to turn your valuables into cash.

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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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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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Gold rallied to $1,383.10 an ounce on Thursday, after the U.S. Federal Reserve’s decision to buy another $600 billion in U.S. Treasurys to stimulate the economy. Silver and copper also gained up in prices. Silver for December delivery rose 8 cents, or 0.3%, to $26.13 an ounce, a fresh 30-year high for the metal. December copper added 6 cents, or 1.5%, to $3.97 a pound, a fresh two-year high for the metal. The extended rally in metals overrode a gain in the U.S. dollar following a stronger-than-expected U.S. jobs report. Investors have driven gold to record highs in the last two months on expectations that the Fed’s would make moves to devalue the dollar.

Fed officials on Wednesday announced their decision to go on an additional bond-buying spree and keep  rates near zero. Markets reacted positively to this news: The Dow Jones reached the level it was just before the Lehman Brothers collapse in September 2008.

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