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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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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Last month Representative Anthony Weiner, D-N.Y., introduced the Gold Act Legislation in response to numerous complaints about cash for gold businesses.  Rep. Weiner says many customers are upset that their gold was melted down before having a chance to turn down offers on their gold and that cash for gold businesses are claiming that packages of gold items must be getting lost in the mail and did not offer reimbursements.  Through the Gold Act Legislation cash for gold companies will have to notify customers of their offer, the individual will have twelve days to accept or reject the gold companies offer before gold items are altered, and if the offer is not accepted the gold company has to insure the package back to the customer.

If you’ve ever been one of our customers or are thinking about becoming one, REST ASSURED that we have ALWAYS followed the measures in the Gold Act Legislation before it was even introduced.  Since our company was founded we:

1.  Send customers FedEx Gold Kits that are free and insured
2.  Quickly send customers an itemized breakdown of what we can pay you for your gold items
3.  Wait for your e-mail response to accept or not accept an offer on your items
4.  Issue immediate payments via your preferred method of payment
5.  Offer 100% satisfaction with our offer or will ship your jewelry back free of charge.

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