Rare Coins, Gold Coins, & Coins Coins Coins!

A nice collection we recently purchased of Coins

There are a bunch of different factors which go into what a coin is worth. For instance an old morgan dollar that usually comes into one of our shops has a few factors which will determine its final value. The weight of the silver coin is the preliminary factor which has an effect on the price. Next, the mintage year and number of coins minted in that year will have a huge impact on the worth of the coin. There are coins which look exactly the same but the difference of an 1882 and 1883 coin could be THOUSANDS of dollars! Next is condition, there are many different grading scales that many numismatic experts follow and it can get very confusing. We like to grade according to the standards of reputable companies such as NGC and PCGS. In our New York and Long Island shops, we see over 1000 coins a week, and are constantly grading, pricing, evaluating these rare beauties of our clients. One tip we have for sellers is that when you are trying to sell your old coins, rare coins, US and Foreign coins - please do not WASH the coins or POLISH them prior to bringing them in. Just the other day a woman brought a rare coin into our Northport, Long Island location and she polished a coin which would have been worth around $1400 and now is only worth around $350. So please, call us if you have any more questions about selling your coin collection in one of our locations in NY, LI, Nassau/Suffolk/Queens.

Considering Selling a Watch?

Rolex GMT2 Stainless Steel Watch

As you consider selling your watch, you must first gather all of the important factors which help increase the value of the watch. The original Box, Papers, Certificate, and Extra Links are all ways to increase the re-sale value on any fine, used, or vintage watch. In our store in Long Island we purchase many brands of fine watches such as Rolex, Cartier, Patek Philippe, and Many more. We always urge our clients to bring in all the materials which came with the watch so we can pay out the absolute highest price. Another factor to consider when selling a watch is the retail price vs wholesale price. Watches are usually marked up during the first sale, so the price will drop a certain % depending on the brand. Fine watches such as Rolex usually hold their value fairly well over the course of years. If you are considering selling a fine watch in the New York area, please contact us for more information. 

Gold Price and 1st Blog Post

Gold Prices are near all times high still! With the price of gold closing at 1743 on this Halloween weekend. The price of silver is also gravitating towards the all time high level of $50+ dollars an ounce. Long Islanders have been out and about selling their precious metals and valuables while the iron is hot! At our locations in suffolk county we have been seeing a rise in the number of gold sellers and silver sellers getting the best prices for all jewelry, gold, silver, platinum, and diamonds.
The picture above is of a 1 Ounce silver bullion coin. It is from 2006 and we just recently purchased a handfull of these beautiful coins. The silver content in this coin is 1 ounce of silver! This is a great coin and a beautiful pieces. The gentleman who sold us this coin was from Huntington and had a nice collection of pieces.