What a great place to buy silver and gold. Good prices and great people. The also buy gold.
This is NOT a tipical cash for gold place. Its nice to see that an expert is looking at your gold for the maximum pay out.
Here are some links to their site.
Itasca Coin and Jewelry
Sell Your Gold in Chicago
Thursday, November 18, 2010
Monday, January 19, 2009
2009 Silver American Eagels Now Available.
Information
- Face Value: 1.00 U.S. dollars
- Mass: 31.103 g / 1 Troy ounce
- Diameter: 40.60 mm
- Thickness: 2.98 mm
- Edge: reeded
- Metal Composition: 99.9% Ag
- Years of minting: 1986-present
- Total Number Minted: ?
Go to your local coin dealer or buy online. Worldcoindata.com purchased 2009 silver eagles for $16.00 at a local coin show. The date of the show - 1-18-09. Watch out for huge premiums on ebay.
Sunday, December 21, 2008
Gold and The Economy in 2009
Investing in 2008 proved to be difficult. Stocks, commodities, real estate and other investments took a beating. The real estate bubble was to blame for most of the declines. What is the next big surprise in 2009? What can you do to protect your money? What many people did in the past; buy gold and silver.
There is a short supply of retail silver and gold. Coin stores and bullion suppliers are not able to keep up with demand. Online metals dealers are running out of product as soon as they post their inventories. Many coin shops have no inventory or very little to speak of. A flight to quality is taking place.
Why are people buying gold? The answer is quite simple; gold is worth more than paper. If an economy’s money becomes worthless or there is out of control inflation, gold will hold its value. Gold can’t be printed or digitized into existence. As the government creates money out of thin air it becomes less valuable. Every time there is a new bailout and the government creates money, your money becomes more inflated. The $100 dollars in your bank account becomes $75. The same $100 in gold becomes $125. You retain your purchasing power by owning gold.
The paper market price for gold and the physical price for gold is very different. You will pay 10 per cent or more for real gold. Remember paper can be inflated. Real physical gold can’t be inflated. Keep this in mind when buying gold. Many dealers will try to sell pool account gold. A pool account is when the dealer holds the gold for you and sends you a statement. Is the gold really there or is the dealer selling you paper? Do the research before you buy.
There is a short supply of retail silver and gold. Coin stores and bullion suppliers are not able to keep up with demand. Online metals dealers are running out of product as soon as they post their inventories. Many coin shops have no inventory or very little to speak of. A flight to quality is taking place.
Why are people buying gold? The answer is quite simple; gold is worth more than paper. If an economy’s money becomes worthless or there is out of control inflation, gold will hold its value. Gold can’t be printed or digitized into existence. As the government creates money out of thin air it becomes less valuable. Every time there is a new bailout and the government creates money, your money becomes more inflated. The $100 dollars in your bank account becomes $75. The same $100 in gold becomes $125. You retain your purchasing power by owning gold.
The paper market price for gold and the physical price for gold is very different. You will pay 10 per cent or more for real gold. Remember paper can be inflated. Real physical gold can’t be inflated. Keep this in mind when buying gold. Many dealers will try to sell pool account gold. A pool account is when the dealer holds the gold for you and sends you a statement. Is the gold really there or is the dealer selling you paper? Do the research before you buy.
Sunday, December 7, 2008
Monday, November 24, 2008
2008 Coco Chanel Gold 5 Euro Coin
The Coco Chanel coin is scheduled to be released in late December with an issue limit of 500 coins. The coin will be made of 92% gold and weigh 8.45 grams. The coin will be minted by Monnaie de Paris. Below are pictures from the Royal Scandinavian Mint of the new Coco Chanel euro coin.Saturday, November 22, 2008
The District of Columbia and United States Territories Quarter Program
In 2009, the United States Mint will mint and issue six quarter-dollar coins in honor of the District of Columbia and the five United States Territories.
The quarter-dollars will be released in the following order
- The District of Columbia
- The Commonwealth of Puerto Rico
- Guam
- American Samoa
- The United States Virgin Islands
- The Commonwealth of the Northern Mariana Islands
Coin Specifications
- Standard Weight = 5.670g
- Standard Diameter = 0.955 in (24.26mm)
- Thickness = 1.75 mm
- Edge = Reeded
- Composition = Cupro-Nickel Clad (8.33% Nickel, Balance Cu)
We will post pictures as soon as the mint makes them available.
Friday, November 21, 2008
Don’t sell that old coin collection.
During these hard economic times many people have been doing anything to make ends meet. There are more people selling than buying. The stores are filled with products and no shoppers. Visit the local mall and you will know what I am talking about.There are not many serious coin collectors left today. Well at least not as many as I can remember. My own story is a great example of a part time collector. My father left me his coin collection when he passed. I really did not pay much attention to the coins until I needed money. I researched the coins and had a pretty good idea what they were worth. Then the moment of truth, I tried to sell them. I went to a local coin shop and presented my coins to the owner. He was interested, and gave me an offer, it was way too low. I walked away with my collection intact and put it back into storage. That was around 6 years ago.
Today when I check the value of my father’s old coin colletion, It is worth about 3 times more. The coin collection held its value better than my 401k and other market investments. Then I did some math. I took the total amount of money that I invested in the markets and hypothetically plugged the numbers into a coin collection. I would have actually made money with the coins.
Think twice before selling that coin collection and do the research. I am not a professional investor and I don’t really know what I am talking about. That was my disclaimer. I am just giving a personal account based on what happened to me.
WorldCoinData
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