News & Info

We were very surprised to hear of an incident where a woman took her gold coins to a bank and did not quite get all of the cash for gold that she might have received had she taken her gold elsewhere. Working with an expert, such as a gold refiner, who really knows what gold is worth can make a big difference.

The woman took some gold coins to a bank in Utah and in exchange for those coins, she was given cash for gold, in the amount of a few hundred dollars. It appears that getting money for the gold was a matter of some urgency. She told the teller at the bank that she needed to money so that she could purchase some groceries at a store that was not too far away from the bank.

But the woman’s self-appraisal of the gold coins turned out to be rather off the mark. She appeared at the bank with 14 gold coins, asking that the bank teller give her $20 for each of the gold coins. Since the banks does not do any testing for the value of the gold, and only looks at face value, the teller obliged and gave her the money for gold that she requested.

As bank officials would learn and later explain to the authorities, those gold coins that were exchanged for cash to buy groceries were actually rather valuable Double Eagle coins that are worth thousands of dollars. Now the bank and the police have joined forces to try to find the woman in question.

We don’t know of the police or bank officials suspect foul play. We would like to think that this woman was in desperate need of cash and decided to sell gold to raise funds, and had no idea of what the gold coins were really worth and that there was no criminal activity involved. Still, it is unfortunate that this woman really did not know that she had thousands of dollars in gold coins at her disposal and settled for hundreds instead.

But we certainly do not want you to make that same error. When you sell your gold to a gold buyer, they will test it to see what it is worth. Neither you nor the gold buyer has to “guesstimate” the gold’s value. This is something that can actually be tested.

Here in the United States, we are used to all kinds of giveaways and promotions from restaurants and other purveyors of food. Who did not look forward to getting a prize in their box of Cracker Jacks or seeing the toy that came as a part of a kiddie meal?

Well if you thought the excitement of getting those prizes was something, imagine the kind of excitement you would feel if the prize being offered as part of your meal was a gold coin. Yes, that is right–a going coin.

A popular restaurant chain that as far as we know is NOT offering this kind of prize to diners in the United States, will be offering gold coins to those who patronize the restaurant in the Middle East. A representative for the restaurant says that the gold coins are being offered as prizes to show the restaurant’s appreciation to its customers in the Middle East for being so loyal over the last ten years that they have had restaurants there. Hey–What about is here in the United States? We have certainly been loyal…we gave them their start. How come we don’t get any gold coins?

To quantify this promotion, lest someone think that they are just handing out gold coins to people as they walk in the door, there are some restrictions. First, a customer must order certain dishes from the menu, so a gold coin is not available for just any purchase. You cannot go into the restaurant, order a soda or get a side dish and expect to receive a gold coin. Plus, once one of the selected dishes is ordered, the customer gets a coupon. This coupon cannot be taken somewhere and redeemed for a gold coin. Instead, the coupon provides someone with a chance to possibly win a gold coin.

Still, as promotions go that one is pretty exciting. And we still wonder if they are going to consider offering gold coins to their very loyal customers in the United States (we doubt it).

Maybe you do not even want to win a gold coin. Perhaps you are more interested in getting rid of the gold coins that you already have. If that is the case, then you can sell gold to a gold buyer. Rather than take home gold, you can hand your gold over to someone else and return home with cash for gold.

In the last blog post, we mentioned reading about a woman who felt apprehensive about going in person to a jeweler to sell gold. Well, another article we recently read told a very different story, one of a woman who was bold and unashamed about selling her gold jewelry.

The article started out discussing the ways in which people had managed to save money on their weddings. People proudly discussed having weddings in backyards, getting relatives to bake cakes, and returning duplicate wedding gifts and pocketing the proceeds.

By the end, however, the article had turned from how to have a cheap wedding to how benefit financially if the marriage does not work out. One reader wrote in to say that she felt somewhat haunted by a gold ring that was a reminder of an unhappy marriage. For her, the gold ring was not just a band of metal; it was a reminder that something she had hoped would succeed, had not turned out as she would have liked. The woman did not give details on just how long she kept the unhappy reminder in the form of a gold ring, but she does say that eventually she could not keep the gold ring around anymore. It is interesting how certain things can come to symbolize so much–a person, an event, or even dashed hopes.

This woman came to the conclusion that is she could sell the gold ring, a burden would be lifted from her. So she sold the gold ring and used the cash for gold that she got to take her child on a trip.  By going on a trip, she made an effort to create good memories from what was left of some rather unhappy ones.

Now a gold buyer is not a therapist and there are no guarantees that all unhappy thoughts will be erased when you sell gold, but it can be a step in the right direction if you have some gold that is tied to a less than pleasant experience. Sell that gold to a gold buyer. Money can’t buy love or take all the pain away, but you may feel a little bit better once you have some cash for gold and do not have to see the gold that reminds you of the pain

Recently, I read an article about a woman who said she felt intimidated by the idea of going to a jeweler to sell gold. Although there have been a lot of articles in the media lately about people hosting gold parties in their homes to sell gold and earn cash for gold, this is not something that every would feel comfortable doing. The woman who did want to stand in front of a jeweler with her gold jewelry might not feel any better about going to someone’s house and handing over her gold jewelry for appraisal while other people watched either. And if she did not want to have to face a jeweler in that person’s shop, she is not likely to want to host a party to sell gold either.

Even if you do not feel any particular shame about taking your gold jewelry to a gold buyer, there are many reasons why you may not want to have a gold party either. If the point of selling gold is to get cash for gold, doesn’t a party kind of defeat the purpose? You have to clean the house, which takes time, and we all know that time in money. Then you have to prepare or buy something for people to eat (because surely you can’t expect people to come over to a party and not serve them anything.) And most important of all—you have to procure the services of a reputable gold buyer. After all, you cannot let just anyone into your home.

This is why it is much easier to sell your gold to an online gold buyer. There is no need to feel ashamed or intimidated. And you won’t have to face (or feed) anyone. There will be no need to clean the house, hang up coats or to smile and play host or hostess.

After you make the initial (painless) contact, the online gold buyer will send you a postage-paid envelope. Place your gold jewelry and other gold items into the envelope, seal it, and send it on its way. That is the bulk of the work that you have to do. Isn’t that easy? The gold buyer will evaluate your gold and tell you just how much cash for gold you can expect to receive.

When it comes to some things we worship youth and all things new, while with other things we prefer the aged. Old wines are highly valued, whereas new ones are often passed over. Now that same thing is happening with gold. Jewelers are finding that more and more of their customers are coming in and asking for antique gold jewelry. A few people requesting older gold pieces would be no big deal, but it seems as if there is noticeable upsurge in the numbers of people who want gold that is not so new. It is especially noteworthy since it seems that people want to buy gold pieces that are old instead of buying new pieces.

Of course most gold is old anyway. Even new pieces of gold are really old in a way because they are highly likely to contain some gold that has been recycled. Proving exactly where the gold in a piece of gold jewelry has come from is very difficult. Still, it is safe to say that one would be hard-pressed to find a piece of gold jewelry that is made entirely from gold that has just recently been mined from the earth.

The buying public’s recent affinity for old gold pieces does not disturb jewelers however because this is an indication that they are willing to pay for quality. At least one jeweler noted that the fact that price of gold has increased did not affect sales in the least. In some ways, people are looking at antique gold jewelry as a way of investing in the future because they think that older pieces have more quality than newer pieces.

A gold refiner, however, will not discriminate when it comes to the types of gold that they are willing to buy. Gold refiners are willing to buy gold that is old and gold that is new. They are not concerned with the age or design of a piece of gold jewelry since they are in the business of extracting pure gold. Because they are going to melt down the gold jewelry that you sell to them, the quality of the design is not their main concern. A gold buyer is interested in the amount of actual gold that a piece of gold jewelry contains. When you sell gold to a gold buyer, this will likely me your main concern as well since the amount of gold directly effects the cash for gold that you will receive in exchange for your gold items.

Gold coins seem pretty common to use now, but they did not always exist. But we imagine that once they came into use, people wondered why they had not been using them all along.

There was one ancient king, believed to have ruled in the 6th century B.C., who has the brilliant idea of heating gold until it melted and then shaping it into (somewhat) uniform shapes. This does not seem like a truly novel idea, and yet there had to be a time when people did not use gold as currency. And then perhaps people used gold, but it hadn’t occurred to anyone that gold pieces needed to be on similar weight in size. How would a person know that they were getting their money’s worth if a seller accepted any piece of gold for an item? How could a seller run a business if they accepted whatever piece of gold that someone gave them?

As we have mentioned before, gold manages to retain its value and sometimes even exceed expectations through all kinds of financial difficulties. An ounce of gold could have been used to purchase a complete outfit for a man during the Middle Ages and this still rings true today. For what you can get when you sell an ounce of gold today, you can also buy a man’s suit. And the suit you can buy with the money that is equivalent to an ounce of gold would not be shabby of cheap either. We’re talking about a very nice suit here.

When the Great Depression hit, President Franklin Roosevelt enacted laws that were aimed at the people who wanted to get all the gold they could get and hold onto it for as long as possible. At this time, Roosevelt said that the people who had gold coins had to turn them in. Roosevelt did make an exception for collectibles, but the rest has to be handed over and the former owners received about $20 an ounce for the gold that they were obligated to give up. Decades late, in the mid-1970, that law was taken out of play. Now you can buy and sell gold at will. And in today’s shaky financial climate people in the United States are definitely taking advantage of the freedom to buy and sell gold.

Contact a gold buyer if you want so sell gold coins or other gold items.

Earlier this month Newsweek magazine had an article on the value of gold and how gold prices are at an all-time high.  They noted that people in the U.S. have become very interested in gold and that the interest here actually pales in comparison to the frenzy that gold has caused in Europe. Some people are hoarding gold out of fear, while others are buy gold, but have not real intention of holding onto it.

The rush for gold is not only based on fear, however. It also appeals to our sense of adventure. While it is true that no one really wants to be in want or to have to worry that their basic needs may not be met, there is still something in some of us that lives for the thrill of the hunt. Just as there are video games and reality shows to simulate what it was like to live in the wild, some of us like to do what we can to shore up resources just in case we find ourselves in a troubling situation. We take pride in knowing that we can survive by our wits no matter what.

While people the world over are panicking and rushing out to buy more and more gold, you may not feel as though this is something that will help you. Perhaps you are looking for more immediate assistance. After all, the people who are running out to buy gold are either speculating with the hope that gold will continue to rise in value. Or they plan to store up a treasury of gold that they hope will be on use at some later date.

But what if you need some extra money right now? If that is you, then you can sell gold to a gold buyer. When you sell gold, you can get cash for gold. Gold prices are high and if you do not think that you want to spend your time keeping up with the price of gold to figure out just the right time to sell, then why wait? Sell gold now and get some cash to make things a little easier today.

An online gold buyer will make it easy to get cash for gold. You can send your gold in for evaluation using a postage-paid envelope. Then the gold buyer will contact you to let you know just how much your gold is worth. You can then get cash for gold. No need to speculate or build a basement bunker to store your gold. Sell it to lighten your load and fatten your wallet.

An expert with a metal detector has discovered what he believes may be a gold ring that once belonged to Macbeth. After analyzing the structure and craftmanship of the ring, this expert is convinced that it may have once adorned one of the fingers of the man who was once the King of Scots. He marveled at the beauty of the ring, which weighs in at 5.6 grams.

Now wait a minute, some of you are saying, Macbeth is a character in a Shakespeare play…and fictional characters do not own real-life gold rings. Well, there was really a Macbeth (although Macbeth is the English version derived from a name of the Scottish dialect), although his life might not have gone exactly as Shakepeare depicted it. According to sources that were written around the time this Macbeth was alive, he was not known to be a tyrant. As a king during the 11th century, he certainly must have seen his fair share of war, strife and bloodshed, but there is not clear evidence that he set out to rid his kingdom of all rivals. Writer in his day remarked that Macbeth was generous and renowned.

Now it is possible that he was a tyrant and that people were too afraid to put this into writing. However, many scholars believe that this legend of his tyranny, that led to the Shakespeare play about a man determined to grab and hold onto power evolved over time because there are not enough records to dispute it.

History does record Macbeth as being “golden-haired,” but says little about any gold jewelry that he may have owned. The gold ring that some would attribute to Macbeth was found in a field that is not far from Burghead. This is the same site where a good number of valuable pieces from antiquity have been found.

So what’s a person to do if they do not have a metal detector, but they still want to go hunting for gold jewelry? Well, you can start in the often forgotten crevices of your home. People who find ancient gold rings and other treasures benefit from the attention and publicity, but they certainly cannot keep finds like gold rings, much less expect to get any cash for gold. You, on the other hand, are free to keep the gold you find in your home or sell gold to a gold buyer.

A company that makes auto parts needed to use gold during the manufacturing process. But unlike many companies who do not do what they can do make the most of any excess materials from the manufacturing process, this company actually made the effort to reuse gold that did not get incorporated the first time.

And what was this company’s reward for being so careful with the valuable gold that they used to make their products?

Employee theft.

That is a shame after this manufacturer was resourceful enough not to let the excess gold go to waste. Being near a precious metal such as gold is too much for some people. They cannot handle the responsibility of having to work with something that they know would command a great price out on the open market.  (Visit kitco.com for information on the price of gold.)

One of their employees stole gold from the auto parts manufacturer and then sold it to other people, including some of the company’s former employees and their family members. In several instances, these people turned around and decided to sell the gold to someone else, adding to the trail of evidence and increasing the chances that they entire operation would be discovered. One person who “received” gold from the dishonest employee sold 420 grams of that gold for $4,950. Law enforcement officials found nearly $90,000 in cash, along with almost seven ounces of gold in the home of someone else involved in the ring of gold thieves.

What makes people take such risks? Who knows? After all, with the scrutiny that various organizations are under, one has to know that eventually these things will come to light. In the case, the theft of the gold was discovered after the company did an audit. It also helped that there were surveillance videos that showed which employees had access to the gold.

Because gold is such a valuable commodity, we can see why someone would be tempted to take it from their work place, we just hope that someone would not do such a thing. You are much better off when you decide to sell gold that you already own to get some cash for gold. You may not have gold in the amounts that a manufacturer would have, but the honest sale of gold that is yours can make a profit and there will be no talk of jail time.

Two dollar bills are quite rare; they account for only 1% of all the bank notes that are printed. So a $2 bill that contains gold is much rare than a regular $2 bill. The first $2 bills were released in 1928. A large number of $2 bills are kept in the vaults of the Federal Reserve. It is interesting that the $2 just did not take off. Then again, it makes sense since you are more likely to be able

Privately issued gold leaf $2 bills have been quite popular, and you can imagine why. They are now being sold in packs of four. The gold leaf $2 bill is not completely covered in gold—the gold is only found in parts of this dollar. The number 2, the background behind Jefferson and the words under his portrait, along with some of the edging are all covered in gold.

One of the marketing plugs behind the new $2 bill gilded with gold leaf is that since dollars in other denominations have undergone changes, it is possible that the $2 bill (or at least its former design) will go away. Dollar bills have to be redesigned to accommodate the blind.

This is great news if you are a collector of dollars, or of gold objects or of anything rare. If you are able to get your hands on a pack of these genuine gold leaf $2 bills, this means that you have the rarest of the rare. Few of us have even seen a $2, much less actually have any $2 bills in our possession. No one has said, but are these $2 bills actually legal tender? If you needed to or for some reason want to spend your gold leaf $2 bill, would you be able to spend it?

Rather than have cash with gold on it, wouldn’t you like to have cash for gold instead? When you sell gold, you can get cash for gold from a gold buyer.  Who knows, maybe some of the gold objects you sell, such as gold jewelry or gold coins, will one day cover a $2 bill? But you will not have to wonder if you can spend that cash you get when you sell gold because it will definitely by legal tender.