Archive for 2012 February |

Archive for February, 2012

Gold Bullion Collection: Hobby or Investment?

By admin on February 28th, 2012

Looking up to pick up a new hobby that will help you gain a net profit? Consider collecting and buying gold coins! People worldwide often collect gold coins, also known as bullions. Some collect these bullions purely as a hobby, while some buy and sell gold coins to make a profit in the long run. One of the most common questions that people ask when starting out is “what should I collect?” or “what kind of coins should I start out with?”

Unfortunately, there is no wrong or right answer to that question. You should pick out which coins to collect based on your motives. Some people enjoy buying rare coins for the thrill of the hunt and the discovery, while other people enjoy buying coins as a means for investment.

Buying Based on Personal Preference

There are a handful of different types of gold coins. They can be certified, non-certified, American, foreign, mules, or gold bullions. Some of the most valuable collectible coins are American eagle, Mexican pesos, Canadian maple leaf, and the South African Krugerrands

Based on your personal choice, start out with a coin that interests you in some way. Perhaps you are drawn to the uniqueness of the coin or perhaps you are drawn to the predicted net profit the coin may have. Buying and selling gold coins is definitely profitable.

Buying and Selling Gold Coins for Profit

Just take one coin collector for example: the guy bought an American Eagle coin in 2004 for around 80 dollars and the value increased to 200 dollars within 2 years. If you were collecting to make an investment, investing in a handful of these coins would have resulted in a huge net profit. However, as with all investments, every decision is a risk and there is no absolute guarantee that the profit will be high or immediate.

Gold bullion coins are a reflection of the worth of gold at the present time. Investing in gold bullion coins may not be the same as investing in other types of coins simply because the market value of the gold bullion coin will be very similar to that of gold. This makes gold bullion coins a great investment in the long run. If you are looking to sell gold in NY, there are plenty of gold for cash locations that accept bold bullions.

A great way to pick out a coin that will net the most profit is by investing in a certified coin. Coins certified by the NGC, which is one of the most reputable coin grading companies, automatically have a higher value and worth than similar coins that are not certified.

Whether you’re looking to make some money or looking for a new hobby, do some research on different coin types and start hunting! Half the fun is learning about the history and significance of each coin. Warning: once you start collecting, you might find it hard to let go of your coins.

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Gold Colors: What to Look for When Selling Jewelry

By admin on February 24th, 2012

Gold, in its truest form, has always been the epitome of wealth and luxury. Gold jewelry has adorned ears, necks, fingers, and wrists for
centuries and has been one of the most preferred metals for jewelry. Throughout the ages yellow gold in its most natural state reigned supreme against any other metal.

However, modern trends have created a buzz around white gold and other colors of gold. Selling gold jewelry in different colors has become a fashion statement and as a complementary metal to yellow gold.

Today, metal smiths have the technology to create different color gold using complex chemical compounds that make selling jewelry more
exciting. No longer are the top selling pieces limited to yellow gold and silver. So how many colors of gold are there? One
thing’s for sure, there are more than you know!

Yellow: Gold’s color in its natural state. Different shades
of gold are determined by the karat. For instance, 14 karat gold is brighter
than 10 karat, whereas 18 karat is deeper in tone than 14 karat.

White: Second in popularity to yellow gold. It is created by mixing nickel or palladium
alloy, zinc and copper with yellow gold. The gold may even be plated with
rhodium for a brighter appearance.

Rose: Metalsmith’s produce rose gold by alloying yellow gold
with copper. This gives gold jewelry a blush-like appearance, which is preferred
by those wanting to match their skin tone.

Chocolate: When rose gold goes through a chemical change
called PVD (physical vaporization and deposition) it changes the surface to a
deep chocolate color. The process oxidizes the surface of the gold by placing
it in a vacuum chamber and striking it with electrical currents.

Green: Created by mixing silver, copper and zinc to yellow gold.
Green is not a very commonly requested gold, but it can be used as a ‘pseudo’
gems in combination with other natural gems like diamonds.

Purple: Also referred to as amethyst or violet gold, purple gold
occurs when natural yellow gold is alloyed with a specific ratio of aluminum to
give it a purple hue.

Black: There are several ways to create black gold. One of the
best ways is through a process called Electrodeposition. This process alters
yellow gold by using black rhodium or ruthenium. Another method produces black gold through
the controlled oxidation of carat gold containing chromium or cobalt.

Blue: Carat gold is altered using an intermetallic compound
between yellow gold and indium. The process is similar to the purple gold method.

Drawbacks to Engineered Gold

But are different colors of gold really any better than the real thing?

Because of the intense process that yellow gold must undergo to alter its natural state, purple, green and blue gold jewelry becomes brittle
and easily scratched. In fact, a solid hit to one of these pieces of jewelry may even crack it.

Another disadvantage lies in repairs and sizing. The initial cost of different color gold isn’t much more than yellow or white, but repairs
due to cracks or scratches can increase the overall cost. Sizing a ring made from engineered gold isn’t as easy as white or yellow gold, which can make a modest setting more expensive.

The Upshot

There are still some advantages to color gold jewelry that make them a hot commodity. White gold was actually created to make yellow gold
stronger and more durable. The process allows white gold jewelry to be worn on a daily basis, making it a versatile metal for just about any jewelry piece. Exotic gold colors have opened up a world of opportunity to market and sell jewelry online.

Photo Courtesy: graur razvan ionut

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Tags: gold jewelry, selling diamonds, selling gold in Floral Park, selling gold in new york, selling gold online, selling jewelry online, white gold, yellow gold
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How to Find Great Cash For Gold Stores

By admin on February 22nd, 2012

Selling your gold is becoming a commonly accepted practice. With more people willing to sell their gold there is naturally a growth in the number of gold buyers and cash for gold locations. ***However, not all cash for gold stores are fair and honest. Entrepreneurs have caught onto the fact that people are more eager to sell their gold at this time. Many businesses are fad businesses, meaning they will cash in on trending businesses without any effort on building customer relationships or providing honest business practices. If you have been seriously considering taking your gold, silver, or platinum jewelry to a pawnshop, be sure to pick out a reputable place. If you are looking to sell online, carefully read over the regulations and best practices for safe transaction.

Whether you’re looking to go to a gold buyer’s store or looking to sell on ebay, here are the top 5 tips to help you be a smart gold seller.

Tip #1: Browse Around

No matter how or where you decide to sell your gold or silver jewelry, start out with a list of nearby gold buyers. Look up reviews on Google places, Yelp, and other social media platforms to see if anyone has left any reviews- both positive and negative. Look for jewelers, pawnshops, and gold buyers. Despite the different titles, most of them provide similar services. Be on the lookout for stores that offer free appraisals for your gold so you can avoid being charged extra just to find out how much your piece of gold is worth. If you are planning on going to a local store, browse through the stores and get a gauge of the overall environment. Trust your guts; if you think something is off, chances are you shouldn’t sell your gold there. For a reference of reputable pawnbrokers, check out the National Pawnbrokers Association. They will have a list of certified pawnbrokers you can trust within your immediate area.

Tip #2: Look for Certification

Just as you wouldn’t trust an non-certified doctor, you shouldn’t trust an non-certified gold buyer. And to answer the little voice inside your head… yes, there are legal certifications for gold buyers! When shopping around for places to sell your gold, you can get a great indication of how trustworthy the store is by just asking for their credentials. State laws also make it legal for you to request to see his ID. If they refuse to do one of the either or both, take your gold elsewhere.

Tip #3: Know What You Are Selling

You can only do so much to prevent picking out bad cash for gold locations. But you can prevent being cheated of your money by knowing what it is you’re selling. Gold with higher Karats are worth more. Some gold buyers will trick their customers by weighing all pieces of gold jewelry together and then offering them a quote based on lowest Karat level. If you have an 18 K piece of gold, and they are offering you price based on 10 K gold, then you are losing money.

Tip #4: Keep Your Eye on the Scale

All scales should be certified and qualified by the state. Look for gold locations that have high ratings on the BBB. You still want to pay attention to the scale even if the store seems legitimate, has a high BBB rating, and has all the required credentials.

Tip #5: Watch Out for Fleeting Gold Buyers

If you see an ad somewhere for a “reputable” gold dealer coming into town and setting up shop for a week or so at a nearby hotel, DO NOT TAKE YOUR GOLD THERE. These vendors are often times not qualified and even if they do have the credentials, they will rob you of your money. These vendors are known for offering way below market value. Because they do not have a set location and are floaters, there is no exact way to pinpoint them.

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Tags: cash for gold, cash for gold locations, gold buyers, gold sellers, sell your gold, tips to sell gold
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Gold Buyers: Gold Gift Buying Tips for Your Man

By admin on February 17th, 2012

Gold is considered to be a very precious metal throughout many centuries and many different cultures. From centuries on end, people have used gold for fiscal purposes, jewelry purposes, decorations for the home, or architectural purposes. We can’t stress the enormous presence gold has had in our daily lives. If you are thinking of giving a gift for your loved one, consider the gift that never loses value; consider buying gold jewelry at various NY gold buyers locations!

Picking out gifts for men is always a hard task, especially when it comes to jewelry. Most men don’t want to receive “jewelry” as a gift only because they fail to recognize what counts as jewelry. Men don’t comprehend that jewelry is meant for both men and women. Common types of male jewelry are rings, necklaces, bracelets, cuff links, and earrings. Often times women report that picking out jewelry for men is more of an endeavor…so here are some helpful tips! Find unique perfect gold ring, gold necklace, gold bracelet, cuff links, or gold earrings at various pawn shops or cash for gold locations.

Gold Men Rings:
The most popular choice for male jewelry comes in the form of rings. There are many different styles of gold rings ranging from white gold, yellow gold, or combination of the two. Similar to women, younger men prefer white gold that has a silver color. Gold rings are pretty malleable so there is freedom to have it engraved or personalized.
Gold Men Necklaces:
Gold necklaces for men are either a hit or miss. If your man doesn’t typically like to wear necklaces, chances are he won’t like one (even if it is made of gold). Popular styles for gold necklaces come in the form of chains. Skinny chains are great for men who like something subtle, while larger chains are great for men who want something flashier. Small pendants can also be attached to add a personal flair.
Gold Men Cuff Links:
Cuff links are a must have for men. They will always be useful so it is the best and safest investment for your man. If you aren’t sure of any of the other types of gold jewelry, stick with gold men’s cuff links! Gold cuff links look classy and will hold it’s value for years to come.
Gold Men Earrings:
Last but not least, for men with pierced ears, you can’t go wrong with gold plated earrings. Gold earrings are great for both men and women because they are hypoallergenic. Again, you have a good amount of freedom when it comes to picking out gold jewelry for your man.

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Top 3 Types of Investment Gold for Syosset Buyers

By admin on February 15th, 2012

Selling gold jewelry has become a popular way to gain extra cash these days, but gold in other forms reaps just as high of a return, if not more. Though gold investments for Syosset, NY gold buyers require a bit more industry knowledge than simply acquiring a valuable ring or necklace, there is plenty of cash to go around. Because gold is sold for its scrap value, which is most likely melted down to make coins or bullion, the artisan value is just a bonus feature. It likely has no effect on the overall value of the piece. Besides, it’s a bit harder for people to sell gold jewelry that has some sentimental value that a gold coin or bullion may not have.

These tips of the trade, and many more, are not always open knowledge for new investors. And these days selling gold jewelry has become a more conservative venture for investors than real estate or stocks. So if you’re ready to get into the gold buying business in New York, know what you need to be working with the get the highest rate of return. According to Syosset gold buyers, here are the top three types of investment gold to make part of your business venture.

Bullion

Bullion and investment trade gold is the best type of gold to have on hand for investments. Though not the highest treasured commodity, bullion still give a moderate return over time. Gold buyers of Syosset, New York recommend that this type of investment gold make up between 25-30% of gold assets. The most common forms of bullion include the St. Gaudens and the American Eagles.

St. Gaudens – Named for its designer, Augustus Saint Gaudens, the coin was minted in 1907 and again in 1911 under Teddy Roosevelt’s presidency. Because of its beauty and coveted “High Relief” of Lady Liberty, the coin is believed to be the highest sought-after collector’s coin on the market. This coin alone sells for thousands of dollars above its pure gold price.

American Eagles – Minted since 1986, American Eagle coins have been produced in gold, silver and platinum. They are considered to be the leading bullion coin in The United States and also feature the Walking Liberty design.

Mint State Gold

Minted coins like the Liberty and Indian Head are valued for investment because of their high payout. Mint state gold gives a higher rate of return than bullion, but still takes time to mature. It’s recommended to have between 15-20% of mint state gold as part of your gold investment.

Indian Head Coins – Also called Buffalo Nickels, these coins were first minted in 1913. Though they don’t contain gold or silver, their return rate doesn’t fluctuate as much. What makes them most valuable is their rare mint dates, variety, and condition.

Rare Coins

Because of their high commodity, rare coins receive the highest rate of return. However, the nature of the investment requires aggressive acquisition. Gold buyers who come across rare coins offer high payouts, but it is still a long-term investment game. It’s recommended to possess between 50-60% of rare coins as part of a worthwhile investment. Finding coins that are especially high in demand only increases the return amount.

Photo courtesy: Carlos Porto

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Tags: gold, gold buyer, gold buying, gold dealer, gold investment, gold investors, new york, NY gold buyer, rare coins, Selling Gold, selling gold jewelry, selling jewelry, syosset
Posted in bullion, Estate Jewelry, Gold stories, rare coins, Selling Gold, selling gold jewelry, selling jewelry, Selling Silver, Syosset | No Comments »

The Search For The Right Diamond Buyer

By admin on February 2nd, 2012

Letting go of a precious diamond because you need cash is in itself a very emotional decision. A diamond piece of jewelry, a ring or a necklace for example, usually has sentimental value. It may be a gift from a loved one or an heirloom. But no matter how much you’d want to hold on to it, you just need urgent cash right now, and it’s the only way out of a very difficult financial situation. So you look for a diamond buyer in Oakland Gardens, NY who can give you the fairest appraisal of your diamond jewelry.

But your search for the right diamond buyer will only add up to the stress you are feeling at the moment if you do not know how to look and where to look. There are some hallmarks to be aware of if you want to find a diamond buyer who is reputable and wouldn’t filch you dry. But you have to accept the fact that even when dealing with the most reputable diamond buyer in the market these days, there is always an automatic depreciation of your diamond’s worth when the item is to be sold. You cannot expect to get the actual value of your diamond. This is the hazard that goes with the buying-and-selling of diamond, gold and other precious gems.

Focus Search On Your Area

If you are looking for a diamond buyer in Oakland Gardens, NY, focus your search in Oakland Gardens and nearby areas. Start with diamond retailers. Ask them about their diamond buyers and that you have a piece of diamond that you want to sell. If you are negotiating with a major retailer, it is more likely that you will enjoy more protection for your diamond or when you are not satisfied with the deal.

Companies who engage in diamond wholesale is another alternative. You can have several companies appraise your diamond and make a comparison. This will give you an idea of how much your diamond is actually worth in the current market.

Do Your Homework

You must do a little research about diamonds and how the industry is so that you have sufficient knowledge to arm yourself with when it is time to sit down with a potential buyer and start the negotiation. There’s nothing more tragic than a diamond owner negotiating with a potential diamond buyer without having any knowledge about diamonds.

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