Gold and silver are precious metals that are highly regarded as investments and industrial commodities. These precious metals are evaluated by their rarity, purity, and weight. Because of this, gold and silver coins and jewelry can be sold to many local and online companies. To establish its value, precious metal jewelry is hallmarked with quality marks to indicate the purity of the metals contained in each piece. The value of precious metal coins has already been established and their current appraised value can be researched in libraries and online. In addition to coin dealers, here are some other companies who buy precious metal coins and jewelry:
- Online Auction Sites - You can sell your precious metal coins and jewelry at any of the online auction websites to gold and silver buyers. In order to sell your precious metal coins and jewelry, you will need to photograph each piece and research its appraised value. Larger auction houses will have coin and jewelry appraisers on staff who can assess what your possessions are worth to aid you in setting an auction price for your items.
- Jewelry Schools - Jewelry schools and academies will often buy gold and silver coins and jewelry. These teaching institutions can use these resources when they teach jewelry fabrication and casting. Jewelry schools and academies can test your precious metals for purity when you offer them for sale.
- Dental Schools - Dental schools can also purchase gold and silver as they use those precious metals to make dental restorations for their patients. They will melt down the coins and jewelry and mix them with other metals to produce stronger metal alloys for dental restorations.
- Pawn Shops - Many times pawn shops will purchase precious metal coins and jewelry if their purity and weights are established. A pawn shop may also offer to loan you cash for your precious metal coins and jewelry but these shops will not usually loan you the full purchase value of your items.
Before you offer your gold or silver coins and jewelry for sale, check their daily spot metal prices online so that you will know the current market prices of these precious metals. This will allow you to judge if a purchase price that you are offered is fair and equitable. You can check these daily spot metal prices at Kitco Metals, JM Bullion, and Goldline Metals.
If you are selling coins, check online to see their current appraised value. To research these coins, you will need to know the country where the coins were minted, the mint date that is stamped on the coins and any unusual markings that they may have. Minted coins are also judged on their condition. Coins that have been well preserved are worth more than coins that are worn or damaged. With careful research and planning, you will be able to know the value of your gold and silver coins and jewelry when offered a purchase price by a gold and silver buyer in person or online.