Diamond Jubliee

http://www.thediamondjubilee.org/

Have a Gold Party!!!!

         Gold seems to be the magic word in these tough times. Gold parties are a growing trend. They’re like Tupperware parties, with mostly women gathering at someone’s house for food and drinks. But instead of selling plastic, they’re pawning off their precious valuables. Women of every generation can benefit from this.  A hostess invites friends and family to bring their unwanted gold to sell for extra income. The price is based on karat content, weight and the market price of gold that day. It's easy. We weigh each item … and examine them … verify the authenticity… separate the metals by karat, then weight to assess their sale value. Plain and simple.
        Guests benefit by getting rid of things like faded gold lockets, outdated earrings and bangles that have been sitting in the back of the jewelry box collecting dust since the '70s. They even bring scrap gold/broken jewelry to the party to be weighed by us, and they walk away with cash or a check in hand.
        In our society here we have a lot of parties, get-togethers and gatherings, and I think a lot of friends have broken jewelry and things that they want to get rid of, so this is the perfect excuse. Contact us at 631.651.6100 or visit us online at www.GoldBuyerNewYork.com.

Misprinted Money... What's it worth anyway?

  The numistaic term is "error print" but it's when a paper or coin currency has a malformation on it.  Okay, I'm not sure if anyone has seen the show Pawn Stars, but I happened to the other evening. This gentleman had a misprinted bill.  So, naturally I had to find out all I could on the matter :)  This is the first article that struck me.  A sticker on a twenty dollar bill is worth what?!?  Fourteen thousand dollars, read the lucky man's story... http://www.startribune.com/nation/11610811.html
    In my most recent findings, I stumbled upon this. So, the moral of the story is...  everyone keeps your eyes open for mistakes when it comes to currency!
http://www.ebay.com/itm/Two-Faced-Dollar-Bill-Rare-US-Currency-Circulated-/370274979838?pt=LH_DefaultDomain_0&hash=item56361bcffe

Silver, the Forgotten Child of Precious Metals

                          Silver, the Forgotten Child  of Precious Metals

           

               In times of economic uncertainty, people often seek to protect their nest egg by investing in precious metals. Precious metals historically rise when the value of a fiat currency falls. In today's market, pre-1964 US junk silver coins like the 1964 silver quarter the twenty five cent piece, 1964 silver half fifty cent piece, 1964 silver dime ten cent piece and 1964 silver dollar hundred cent piece U.S.A these coins all contain 90% silver provide an affordable and liquid silver investment opportunity.

               While gold and platinum are the superstars of jewelry for sale, Sterling silver should not be ignored. Sterling silver is 92.5 percent pure silver, with the remaining fraction made up of other metals, like copper.It's understandable how clientelle overlook Sterling. The spot market price of gold today is at $1616.90/ounce and Platinum is at $1,414.00/ounce. Silver seems poor by comparison, at just $25.37/ounce. However, don’t be mislead. If you have a large amount of Sterling, such as a service for 12, it represents many, many ounces that can be converted to much-needed fast cash. It is an excellent example of why a seller’s Sterling Silver flatware which, if a seller is like most of us, only comes out on special occasions, can represent a sizeable cash payout. Don't be mislead into overlooking your Sterling.

          Here at Suffolk Gold Buyers in Northport, webuy all kinds of Sterling silver regardless of age, condition or place of manufacture.We are not interested in the quality or design of the silver pieces, only in their purity.  Our company is three generations old and has the means to pay the highest-possible percentage of actual value based upon the spot price at the time.   If it is an antique or estate piece we can assess the value for you also.

           Also, Sterling Silver is present in many coins and jewelry as well. Coins pre-dating 1964 contain 90% silver which were used as money until the mid-1960s, serve both as an investment medium and could be used as "survival" coins should our monetary system fail as many people fear. Because they were circulated coins, they can still be used as currency in a survival situation, saved to reap the benefits of a rise in silver price, or used as a hedge against inflation. Although coin collectors call them "junk" coins, they are far from what the nick name may imply. Junk silver coins are good investment in our mind.

            

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.