Monthly Archives: May 2012

Selling Gold Coins? What is your Gold Coin worth?

Selling Gold Coins? What is your Gold Coin worth?.

Selling Gold Coins? What is your Gold Coin worth?

sell gold coinsWhether you are a gold investor or the recipient of a grandparents gift, when it comes to selling gold coins, there are several different factors, including grading, that  determine market value. Coin Dealers and Gold Buyers will buy all US gold coins, and some may buy foreign gold coins.

Coins vary in gold content from 1/20th ozt gold Chinese Panda to a 1.2 ozt $50 Mexican Peso. A coin may weigh more than the actual gold content as most gold coins are 900 purity (22k). Only the Chinese Panda, Australian Kangaroo, Canadian Maple Leaf and the  US Buffalo are pure gold (24k).

Each gold coin will have a date, and possibly a mint-mark. Just because a gold coin may be old does not mean it has more value than the gold content.  In the coin world it is all about how many were minted. For coins that are rare, they are also graded and valued based on condition.

Coins that have already been authenticated and graded by a professional grading company such as NGC and PCGS potentially have more value than coins that have not been authenticated. Be careful of coins that are NOT graded by NGC or PCGS. Other companies grading do not hold the same authority.

If you are selling gold coins, bring them into the Lake Worth Gold Mine for a free evaluation.

Lake Worth Gold MIne

8100 Lake Worth Road

Lake Worth, FL 33467

http://www.lakeworthgoldmine.com

Cash for Gold. A scam or not?

With so many “Cash for Gold” stores popping up, many people are asking if it is a scam. Gold is trading at high prices right now, and the economy is still in recovery. You can create your own stimulus package by taking in old gold, broken, or outdated jewelry that is sitting in a drawer and turn it into cash. That is not a scam.

If you plan on selling gold, it is important that you sell to the right company. There are many online companies that require you to mail-in your gold and then wait for a payment by check.  Not your fastest option. You can also try a Pawn Shop. A Pawn is in the resale and loan business so chances are, this will not be your best offer.

Check out a local gold buyer and get a few quotes. Most likely this will be your best offer and you can receive your cash for gold payment immediately.

If you live in the Palm Beach County area and you are considering selling gold jewelry, then be sure to get a quote from the Lake Worth Gold Mine

.

cash for gold palm beach county

Lake Worth Gold Mine
8100 Lake Worth Road
Lake Worth, FL 33467
561-729-0094