Three Tips for Selling Gold for Cash

Selling gold is an easy way to get some quick cash. According to an ABC report, the price of gold has been on the rise since the beginning of 2011, meaning that selling your gold per ounce will allow you to bring home a nice amount of cash. Sellers should beware of some buyers, though, making it important for sellers to do some homework before agreeing to a transaction. Here are three tips for selling gold.

  • Sellers need to understand how the scales work. Gold is priced by the ounce, the value of your gold is determined by its weight. Jewelers do not use regular scales. There are 28 grams to the ounce, and jewelers use a measurement called a Troy Ounce, which is equivalent to 31.1 grams per ounce. Some jewelers use a weight system called pennyweight and 1 standard gram actually equals. 1.555 pennyweight grams. This is an easy way for jewelers to pay less for the weight of gold.
  • Sellers should not let jewelers weigh gold of different karat value. The purer the gold, the more valuable it is, which is why sellers want to measure their gold in groups of karat value. This way they are maximizing the amount of money they bring home.
  • Sellers should call a local jewelry store or go to goldprice.org to find out the market price of gold on that specific day. This way sellers know the exact value of their gold before they go into the store and they can monitor the price of gold to determine which day is best to sell their gold. Sellers can maximize the value of their gold if they are patient. They could also lose money if they wait too long though.

Kenneth G. Rare Coins buys and sells precious metals, jewelry, and coins and currency. They have two locations in Mishawaka, Indiana.

Kenneth G Rare Coins – Coin Appraisals

Coin collectors go to great lengths to evaluate their collections. But coin values are not invulnerable to price fluctuations, and there are variables to consider when placing a dollar value on collections.

Kenneth G Rare Coins
Kenneth G Rare Coins

Coin experts say that a little knowledge can go a long way, especially for the novice coin collector. The first thing that honest coin dealers often point out is that there are unscrupulous dealers out there who are more than willing to take advantage of the inexperience of the novice. They can make a lot of money in the process by buying valuable coins or coin collections from sellers who don’t know the real market value of what they’ve got.

But for every unscrupulous dealer, there are many more honest dealers and collectors who do their best to share their knowledge and educate beginners. These reputable dealers would never dream of taking advantage of a seller just because the seller doesn’t have the knowledge that they do. One of the first things they tell newbies is: don’t clean the coins in your collection. It might be tempting to do so, but making your old coins all nice and shiny can actually have the effect of diminishing their value. The coin that might seem “dirty” to someone who doesn’t know better is actually what most dealers want: what they call an original surface on the coin. In the simplest terms, old coins should look their age.

Kenneth G Rare Coins in Mishawaka, Indiana has been in business for more than eight years. They are committed to giving each customer a fair and honest assessment of their coins, jewelry and precious metals, as well as a competitive price.

Kenneth G Rare Coins – Food Banks

There are more than two hundred food banks operating in the United States, and there is as great a need for them now as there ever has been. Together these food banks serve more than sixty-three thousand agencies, which provide meals or food to those in need. The Federal government estimates that these food banks distribute more than 2.5 billion pounds of food to the public every year.

Kenneth G Rare Coins

Food banks are distribution centers that store, repackage and distribute contributed food to various organizations and charities. The food comes from many different sources, both locally and nationally. They rely very heavily on large quantities of donated surplus food, but individual contributions, and the contributions from food drives, are also important.

The warehoused food is distributed to pantries, shelters, and other organizations that feed the hungry. In many communities, food is also delivered directly to people through mobile food programs. While local charities such as soup kitchens and faith-based missions receive donations from private citizens or organizations, food banks are often their primary source of food staples. They usually receive food in bulk and then repackage it for delivery, and have distribution strategies similar to those of any other distribution-related businesses. The organizations that receive food from food banks are usually required to demonstrate they meet specific criteria in order to become eligible to receive the food, like proving that they provide meals or food at no cost to recipients, and that they maintain an ongoing program.

Kenneth G Rare Coins, in Mishawaka, Indiana, is a supporter of the Food Bank of Northern Indiana, and maintains a link to the food bank on its web site. In 2014 alone, the Food Bank of Northern Indiana distributed more than seven million pounds of food to member agencies throughout the region.

Kenneth G Rare Coins – Starting A Collection

Coin collecting can be both fun and profitable, and collecting American coins is sometimes thought of as a kind of history of the United States. Newcomers to coin collecting, which is properly known as numismatics, are usually advised to educate themselves before they start laying down their hard-earned new money on collectible old money.

There are many different ways to start a coin collection, and seasoned collectors sometimes say they got started when they found an old or unusual coin in their pockets that they picked up in some ordinary transaction. Others simply became fascinated by coins in someone else’s collection and decided to go into it for themselves.

Kenneth G Rare Coins
Kenneth G Rare Coins

Experts say that the first step in building your first coin collection is to identify an area that interests you. It might be coins of the nineteenth century, or nickels from the turn of the century, or it might even be paper money. Whatever the decision there are several ways to determine your focus. It might be Statehood quarters or obsolete National Bank Notes, or coins from around the world.

Whatever you focus on, an important factor is going to be budget, and how much you are able to spend on the hobby. Generally speaking, a complete collection of older coins is going to cost more than an incomplete collection, or one that is more recent. Each series of coins features Key Dates, including scarce or low-mintage issues that you’ll need to complete a series, which in turn will command the highest price from collectors.

The owner of Kenneth G Rare Coins in Mishawaka, Indiana began collecting coins during his childhood. His store specializes in rare coins, as well as precious metals, jewelry, and other valuables.