The American Gold Eagle Coin is the official gold bullion coin of the United States of America. The Gold Eagle was authorized under the Gold Bullion Coin Act of 1985, and was released by the United States Mint in 1986. Because the term or word "eagle" is also the official United States designation or part of the designation for many pre-1933 gold coins, the weight of the bullion coin is typically used in addition when describing the American Gold Eagle Coins (ie:, "1/4 oz or 1/2 oz American Gold Eagle") to avoid any possible confusion between the two types.
American Gold Eagle Coins are offered in the following denominations: 1/10 oz, 1/4 oz, 1/2 oz, and 1 oz. U.S. Mint Gold Eagles are guaranteed by the U.S. government to contain the stated amount of actual gold weight in troy ounces. (1 oz of FINE GOLD content). By law, the gold must come from sources ONLY in the United States. Gold Eagles are also alloyed with silver and copper to produce a more wear-resistant coin. (resistant to scratches and dings). Sales of the Gold/Silver Eagles and other specific coins from the U.S. Mint are mandated by Law, with the official explanation of helping to pay for the National Debt.
The 22 kt gold alloy that Gold Eagles are made of is an English standard traditionally referred to as "crown gold". Crown gold alloys had not been used in U.S. coins since 1834, with the gold content having been minimized since 1837 to a standard of 0.900 fine (90%) for U.S. gold coins. For American Gold Eagles the gold content was increased to .9167 (91.67%) or 22 Karat. It is authorized by the United States Congress and is backed by the United States Mint for weight and content. So the easy explanation is that the Gold Eagle is a 22k Coin, but weighs OVER a Troy Oz on a scale, thus having a TOTAL FINE GOLD CONTENT of 1 troy ounce.
The obverse (front) design features a rendition of Augustus Saint-Gaudens' full-length figure and rendition of Lady Liberty. Depicted is her flowing hair, she is holding a torch in her right hand and an olive branch in her left. The National Capitol building is also displayed in the left background. The design is taken and inspired from the $20 Saint-Gaudens gold coin which was commissioned by Theodore Roosevelt. His visison was to create coins like the ancient Greek and Roman coins. The reverse (back side) design, by sculptor Miley Busiek, features a male eagle carrying an olive branch whom is flying above a nest containing a female eagle and her baby hatchlings.
The reverse of the bullion Gold Eagle is slated to be redesigned in 2021 and will include anti-counterfeiting measures. These new features will be introduced later on the proof and other numismatic variety Gold Eagles.
The Gold Eagles minted from 1986–1991 are dated with Roman numerals. In 1992, the U.S. Mint switched to Arabic numerals (normal numbers) for dating the Gold Eagles.
The fractional (1/10, 1/4, and 1/2 troy oz) coins are identical in design to the 1 troy oz coin except for the markings on the reverse side that indicate the weight and face value of the coin. The print on the smaller coins is smaller and less legible than on larger denominations and will state the Dollar denomination and weight.
The American Silver Eagle Coin is the official silver bullion coin of the United States.
The Silver Eagle Coin was first released by the United States Mint on November 24, 1986. The coin is struck only in the one-troy ounce size, with no fractional sizes available. The Silver Eagle has a nominal face value of one dollar ($1) and is guaranteed to be comprised of one troy ounce of 99.9% pure silver. The Silver Eagle Coin was authorized by Title II of Public Law 99-61 (Liberty Coin Act, approved July 9, 1985) and codified as 31 U.S.C. § 5112(e)-(h). The content, weight, and purity are certified and guaranteed by the U.S. Mint. In addition to the bullion version (regular strike), the United States Mint has produced and sold a proof version and also an uncirculated (boxed) version for coin collectors. The Silver Eagle has been produced and distributed at three mints in the United States: the Philadelphia Mint, the San Francisco Mint, and the West Point Mint. The American Silver Eagle bullion coin is eligible to fund Individual Retirement Account investments.
The design on the coin's obverse (front) was borrowed from the "Walking Liberty" design by Adolph A. Weinman, which originally had been used on the Walking Liberty Half Dollar coin produced for circulation in the United States from 1916 to 1947. This iconic and very recognizable design has been a public favorite and one of the most loved and desired designs of any of the United States coinage in modern times. No surprise it was revived for the Silver Eagle many decades later. The obverse (front) is inscribed with the year of minting or issuance, as well as the word "LIBERTY." And unsurprisingly and commonly the phrase "IN GOD WE TRUST" is also depicted.
The reverse was designed by John Mercanti and portrays a majestic eagle behind a shield. The eagle is grasping an olive branch in its right talon and grasping arrows in its left talon, echoing the Great Seal of the United States. Above the eagle are thirteen five-pointed stars that represent the original Thirteen Colonies. The reverse is inscribed with the phrases UNITED STATES OF AMERICA, 1 OZ. FINE SILVER~ONE DOLLAR, and E PLURIBUS UNUM (located on the banner that the eagle is holding in it's beak), as well as the mintmark (If applicable such as "W")
The reverse of the bullion Silver Eagle Coin will also be redesigned in 2021 and will include anti-counterfeiting measures. These new features will be introduced at a later time on the proof Silver Eagle and other numismatic Silver Eagles.
The first American Silver Eagle coin was struck at the San Francisco Mint on October 29, 1986. Secretary of the Treasury James A. Baker III presided over the striking ceremony held at the San Francisco Assay Office. According to a Chicago Sun-Times article, as "Baker reached for the electronic button on press No. 105, he turned to the audience and said, 'I don't need a pick and shovel to start the San Francisco Silver Rush of 1986.'"
The Bullion version Silver Eagle coins do not have any mintmarks. From the years 1986 to 1998, they were produced at the San Francisco Mint. From the years 1999 to 2000, they were produced at the Philadelphia Mint and West Point Mint.
In March of 2011, the San Francisco Mint conducted trial strikes of bullion Silver Eagle coins in preparation for resuming of full production later in that spring. The added production capacity provided by the San Francisco Mint supplemented the output of the West Point Mint.
From the years 1986 to 1992, proof Silver Eagle coins were minted at San Francisco and these coins have the "S" mintmark on them. From the years 1993 to 2000, they were minted at Philadelphia and these coins have the "P" mintmark on them. From the years 2001 to 2008, they were minted at West Point and these coins bear the "W" mintmark. No proof versions of the Silver Eagle were minted in 2009. Then beginning in 2010, the proof coins were minted at West Point and bear the "W" mintmark.
Uncirculated versions were made from the years 2006 to 2008 and beginning again in 2011. On these the United States Mint issued a collectible (boxed) uncirculated Silver Eagle coin produced at West Point (bearing the "W" mintmark). The coins are struck on specially burnished blanks and sometimes are referred to as "W Uncirculated Silver Eagles" or "Burnished Uncirculated Silver Eagles". Aside from the standard-issue burnished Eagles, there has been one burnished Eagle issue produced in 2011 at the San Francisco Mint bearing the "S" mintmark for release in the "American Eagle 25th Anniversary Silver Coin Set" .
On March 28, 2020, the West Point Mint, which is widely believed to be the only producer of the bullion version American Silver Eagles from 2018 up until early 2020, was shut down for cleaning after an employee tested positive for Covid-19. The facility promptly reopened on April 1, and the bullion coin production was significantly reduced to prevent employee exposure to the COVID-19 virus. The Mint was once again shut down on April 15 due to safety concerns.
To make up for the reduced and later suspended production of silver bullion coins, the Philadelphia Mint struck 240,000 American Silver Eagles from April 8 through April 20. Although these coins were physically identical to the West Point coins, coin grading companies began certifying Philadelphia Mint Silver Eagles as "Emergency Issues", triggering a demand for the coins among coin collectors and numismatic enthusiasts. Production at the West Point Mint resumed and continued on April 21, 2020.
At Texas Gold and Silver Buyers of San Antonio, we purchase Gold and Silver Eagles and pledge TOP DOLLAR PAID! In addition to Gold and Silver Eagles, we also purchase ALL other Gold, Silver, Platinum and Palladium Coins in San Antonio, Texas!
In addition to coins, we also purchase Bullion, Jewelry, Scrap Gold and Silver, Sterling Silver, Sterling Flatware and Holloware, as well as Dental Gold!
We give HASSLE-FREE, NO PRESSURE, FREE QUOTES each and every day.
We can be contacted at 210-441-2177 or email at TexasGoldandSilverBuyers@gmail.com
You can also stop by during business hours at our Safe and Convenient office loacated at: 3435 Thousand Oaks Drive, Suite 107, San Antonio, Tx. 78247
Gold Krugerrands are manufactured from one of the world's largest gold mines in South Africa. The Krugerrand is the original and most recognized one-ounce gold bullion coin in the world. You may have even seen them used in movies and TV Shows such as “Archer,” “Arrested Development,” “NewsRadio” and “Lethal Weapon 2.” They were first minted and introduced in 1967 from the Rand Refinery. The Krugerrand was developed to promote South African Gold Internationally and making it easy for anybody in the world to invest in gold.
The Gold Krugerrand holds the title of the world’s first modern gold bullion and to this day is still very popular in the trading business, and investment sectors across the globe. The coin is one of the most desirable investment coins, and is known for it's extreme durability (from gold alloy), iconic design, and high gold purity.
A Krugerrand can be easily recognized by the following details:
As of 2017, more gold Krugerrands have been minted than all other gold bullion combined. WOW!
While these coins were at one time considered illegal due to growing sanctions over South Africa’s apartheid policy, those sanctions were lifted and eased with the abolition of apartheid in 1994. All Krugerrand coins, even ones minted during the time when international sanctions were fully enforced, are now perfectly legal to own, handle, buy, and sell within the United States.
And naturally because it has been so successful over the decades, it is now being offered in silver. To celebrate the 50th Anniversary of the gold krugerrand coin, the South African Mint has struck the first premium 1 oz. Silver Krugerrand.
The Silver Krugerrand has the same classic design as the gold coin. The coin bears the face of Paul Kruger and the Springbok antelope, one of the national symbols of South Africa.
At Texas Gold and Silver Buyers of San Antonio, we purchase Gold and Silver Krugerrands and pledge TOP DOLLAR PAID. As with any Coins or Bullion, there are many fakes out there, produced by China. With that being said we have the state-of-the-art tools of the trade, to quickly and NON DESTRUCTIVELY test any items being presented to us to buy. We promise a Hassle-Free, No Pressure, FREE Quote.
In addition to Gold and Silver Krugerrands, we also purchase all other Gold and Silver Coins such as American Eagles, Canadian Maples, and much, much more! If it is Gold, Silver, Platinum or Palladium, WE BUY IT! Coins, Bullion, Scrap, Jewelry, Sterling Silver, and Dental Gold.
We want to be your trusted Partner in exchanging your Gold, Silver, Platinum and Palladium items, and pledge a SAFE and FRIENDLY experience.
We are your go to Exchange for Gold, Silver, Platinum and Palladium for CASH.
Texas Gold and Silver Buyers
3435 Thousand Oaks Drive
San Antonio, Texas, 78247
"The state of Texas is strong; our people, resilient. As we saw during Hurricane Harvey, when neighbors help neighbors, our resilience is redoubled. And I have no doubt that Texans will continue to work together in that same spirit over the coming days and weeks."
~Governor Greg Abbott
At Texas Gold and Silver Buyers we are NOW OPEN per the State of Texas Covid-19 Guidelines and are committed to supporting our Customers during these difficult times! We understand the need for our services and are prepared to serve our community in a safe environment.
To safely operate, at this time we are just helping one customer at a time in our safe and private office. In between each customer we disinfect all surfaces, and keep a sterile, SAFE place for you to sell your Gold, Silver, Platinum and Palladium Items.
We have Hand Sanitizer available for our customers as well!
If you are more comfortable setting a Private Appointment, we can do that as well, but no worries we are only allowing in one customer at a time.
We are buying ALL Gold, Silver, Platinum and Palladium and as always provide a HASSLE-FREE, NO PRESSURE, FREE QUOTE on your items. Best of all, WE PAY CASH (Limits do Apply). Of course, if you prefer a check, we can do that too!
Unlike our Competitors, we exclusively use Professional Grade, NON DESTRUCTIVE testing. Our XRF X-Ray is always available to non destructively test as well as our Sigma Metalytics PRO. We will never file, scratch, or place acids on your items. Most of our Competitors use the outdated and non reliable "Acid Test" that is damaging and dangerous. The fumes from this process are not very friendly, and certainly not healthy!
We are fully licensed and regulated by the State of Texas, and promise a HONEST, SAFE, FRIENDLY and TOP DOLLAR transaction!
We are always here to answer any questions or provide FREE Quotes. Feel free to stop by, call, text, or email!
Texas Gold and Silver Buyers of San Antonio
3435 Thousand Oaks Dr.
San Antonio, Texas 78247
If you are new to purchasing or selling precious metals (Gold, Silver, Platinum, Palladium or Rhodium), it is very likely that you may be unfamiliar with the Troy Ounce. Very different from other consumer items such as food products, or weights such as the Post Office utilizes, precious metals are weighed using a different system. This weight measurement used for Precious Metals is the Troy Ounce. It is quite important for Precious Metals buyers and sellers to understand the difference between these two units of measurements, otherwise the weights and values will not make any sense using standard ounce math. It is important to know exactly what you are buying or selling, especially with the costs associated with Precious Metals such as Gold, Silver, Platinum, Palladium and Rhodium.
The troy ounce is a world wide adopted and accepted unit of measure that is used to weigh precious metals such as Gold, Silver, Platinum, Palladium and Rhodium. It is heavier than a standard ounce and is the standard form of measurement used for buying and selling precious metals. The "Spot" or Market Pricing quotes Troy Ounces, not standard ounces. Standard ounces are often referred to as "kitchen ounces", "standard ounces," or avoirdupois ounces."
How Many Grams are there in a Troy Ounce of Gold? A troy ounce is heavier than a standard ounce. It is extremely important for those buying and selling Precious Metals to be aware and understand the difference as there is a fairly significant difference between the two (especially when dealing with valuable metals such as Gold, Silver, Platinum, Palladium and Rhodium.) A standard avoirdupois ounce contains 28.35 grams while a troy ounce contains more. Exactly how much more?
Remember one thing.... Grams are UNIVERSAL. A Gram is a gram, is a gram, is a gram!
1 troy ounce = 31.1034768 grams
But lets just make it more simple:
1 Troy Ounce = 31.1 Grams.
Without being educated on the difference between a troy ounce and an avoirdupois standard ounce, buyers and sellers risk losing money on their investment with Precious Metals. . Professional Gold Buyers and sellers will buy and sell their Gold, Silver, Platinum and Palladium in Troy Ounces. Remember.... the Precious Metals Spot Pricing is stated in TROY OUNCES.
At Texas Gold and Silver Buyers of San Antonio, we are committed to being transparent in all dealings. This includes our informative blogs, educating customers and potential future customers on all the ins and outs of the Precious Metals Industry. We are TOP DOLLAR buyers in San Antonio for ALL Gold, Silver, Platinum and Palladium.
We Purchase: Jewelry, Scrap, Coins, Bullion, Dental Gold, Name Brand/Designer Jewelry and PROMISE a NO PRESSURE, Hassle-Free Quote each and every day. We are devoted to the highest levels of Customer Service. We are fully licensed with the State of Texas and our scales are licensed and regulated by the Texas Dept. of Agriculture.
What makes us REALLY stand out is our XRF X-Ray Testing! We precisely and non destructively X-Ray test. We do not damage your items with the outdated Acid/Scratch test like so many of our competitors will do.
Feel free to give us a call, email, text, or stop by!
Texas Gold and Silver Buyers
3435 Thousand Oaks Dr, Suite 107
San Antonio. Texas 78247
Texas Gold and Silver Buyers of San Antonio are dedicated to offering honest, friendly, hassle-free, and NO PRESSURE transactions. This includes letting clients come in for a FREE QUOTE and decide when they’re ready to sell their Gold, Silver, Platinum and Palladium Jewelry.
We will happily answer any and all of your questions without pressuring you to move forward and sell right that moment.
However, if you are looking for further opinions or guidance, please consider the five common signs it’s time to sell old jewelry, as we will detail below. Considering these five factors that are outlined below will allow you to make the best possible choice for your situation.
1. You Never Wear It:
If you rarely or actually never wear a piece of jewelry, it might be time to let it go. This is especially true if you never wear it because you do not remember you even own that piece of jewelry. Jewelry trends/styles tend to change rapidly!
Most of us all own things we never or barely use. It’s inevitably going to happen after years of receiving gifts, collecting or residing in the same home. However when it comes to Precious Metal Jewelry, lack of wear/use is basically wasted money in a drawer or jewelry box. This brings us to the next talking point....
2. You’ve Pondered what its Value may be:
When someone wants to keep a piece of Fine Jewelry, they more than likely will not think about the monetary value attached and this is more than understandable! Instead the sentimental/emotional worth and meaning will be more than enough to keep and that piece of jewelry would not be for sale under any circumstance.
If you have thought about how much you could get for the piece(s) of jewelry, selling your jewelry very well might be a smart decision. At Texas Gold and Silver Buyers of San Antonio, we utilize non destructive, fast, and precise testing methods. (XRF X-Ray Testing) We will always provide you with a NO PRESSURE, Fast and Hassle-Free Quote. Never any pressure to sell us anything! This brings us to the next hint it may be time to sell your Gold, Silver, Platinum or Palladium Jewelry....
3. You Need Cash and Need it FAST:
One Fact that will never change, we ALL need money to live and survive.
It’s a fact of life, whether we like to admit it or not. While money may not be the answer to everything and solves all problems, it certainly plays a LARGE role in living our lives comfortably.
Fine Jewelry (Gold, Silver, Platinum and Palladium) can definitely be a source of funds. This is especially true if someone needs to pay off loans, cover moving or travel expenses, save for a large purchase, cover unexpected living expenses, unexpected job changes or loss of a job or cover emergency expenses of any sort. If selling your jewelry makes financial sense in your individual circumstance, it can be very helpful in these situations. Texas Gold and Silver Buyers provide a CASH SERVICE, and pay immediately!
4. There is no Emotional Attachment to the Jewelry:
Lack of any emotional or sentimental attachment is probably the most important sign on this numerical list. After all, for many people, jewelry such as Wedding/Engagement Rings or Precious Family Heirlooms hold intense sentimental value. This type of worth is priceless and irreplaceable!
If you are not emotionally attached to your jewelry, or any other physical item, the questions begs to be answered, why keep it? If the piece of jewelry is not adding value and/or joy to your daily life, you can conclude it is something you can do without. At Texas Gold and Silver Buyers of San Antonio, we are committed to offering the Highest Prices for your Gold, Silver, Platinum and Palladium items. Our quotes are ALWAYS FREE, and there is never any pressure to sell to us.
5. Your Jewelry just brings up Bad Memories:
It is very possible your jewelry does hold emotional value. But,what if these emotions are negative and/or unpleasant? This is especially likely to be the case if a piece of jewelry reminds you of a old breakup, divorce, or an engagement that was cancelled.
Tangible objects, especially jewelry obtained under the circumstances detailed above can initiate pain and discomfort. Selling items of this sort can greatly help you heal and move on by letting you part ways with those items. We deal with this type of scenario almost on a daily basis.
Texas Gold and Silver Buyers of San Antonio will buy your Fine Jewelry and best of all we PAY CASH! If any of the above pertain to your situation it very well may be time to sell your old jewelry. You can begin the process by visiting our office, calling, emailing or texting us.
We will inspect, non destructively and accurately test your jewelry and give a HASSLE FREE QUOTE on all your pieces, including broken and scrap jewelry.
Please remember there is never any obligation to sell to us, and the quote is fast and free.
Our office is conveniently located at:
3435 Thousand Oaks Dr.
San Antonio, Texas 78247
We can be reached by phone or text @ 210-441-2177
Our email is: TexasGoldandSilverBuyers@gmail.com
There are numerous places to sell your Gold, Silver, Platinum and Palladium items in San Antonio, Texas, Many establishments have questionable and not so transparent practices where they offer extremely low offers and most times do not even properly and professionally test your Precious Metal items. Make sure your prospective buyer is LICENSED with the State of Texas, their scales are Licensed for Trade by the Texas Dept. of Agriculture and they follow all Texas Statutes pertaining to those who engage in the business of buying Precious Metals.
Texas Gold and Silver Buyers of San Antonio prides itself on our knowledge and experience of the Precious Metals Industry, our stellar standing with our Licensing Agencies and full Compliance of Texas Requirements of Precious Metals Dealers.
We operate with the highest of business principles: Transparency, Respect, & Honesty
Transparency is pertinent in the Precious Metals industry. When you come into our office looking for a quote, we conduct all inspections and non destructive testing right in front of our customers. Nothing will leave your sight. EVER! If you have any questions pertaining to your items, our offer, current Spot Pricing of Precious Metals, etc., we are an open book and will answer all questions pertaining to your potential transaction with us. We also always offer transparent pricing over the phone, via email or text, or in person at our safe and secure office,
Respect is a top priority with EVERYONE that comes into our store, gives us a call, or contacts us via text/email. We are totally Customer Service driven and always will be! All of our customers or potential customers will be greeted with a smile and we are always eager to answer any and all of your questions and provide a FREE NO-HASSLE QUOTE. We can be reached by phone, text, email or in person. No appointment is necessary unless you would like to schedule a private appointment, which we are more than happy to do! Not only do we respect you, we also respect your items during the testing process. You are entitled to a FREE quote, without any testing methods that damage. The truth is most of our competitors use Destructive Acid Testing. They will scratch, file your items to determine the purity with this outdated testing method. At Texas Gold and Silver Buyers we utilize XRF X-Ray testing which is fast, highly precise, and never damages any items.
Honesty: Everything we do is in an open book fashion. There are zero secrets at Texas Gold and Silver Buyers of San Antonio. Would you like to verify your weights on our Licensed for Trade Scales? Sure! Would you like to verify the purity of your items on our XRF X-Ray? Sure! No Problem. We are a locally owned, family owned business and Top Notch Customer Service and Transparency are standard with every interaction. We offer FREE, NO PRESSURE, HASSLE-FREE QUOTES, each and every day.
You can Call, Email, or Text for a quote!
If you already know the type of precious metal, the weight and karat (purity), we will happily quote you over the phone before you come to our store location. Please note that pricing changes by the minute, everyday based on the market.
We have outstanding customer service.
We work with customers from all different walks of life, different backgrounds and cultures, Each transaction is handled with integrity, respect and privacy. We take pride in our services and promise a safe, secure, no pressure experience while looking to sell your Gold, Silver, Platinum and Palladium items.
We Purchase ALL Gold, Silver, Platinum and Palladium in San Antonio, Texas:
Feel free to come by our office conveniently located at:
3435 Thousand Oaks Dr.
San Antonio, Texas 78247
You can also give us a call or text @ 210-441-2177
We can be reached by email at TexasGoldandSilverBuyers@gmail.com
How do you know if that set of flatware inherited from Grandma is Sterling Silver? What about that Tea Set inherited? Fancy Dinnerware was a really big deal in decades past! Not so much in today's fast pace world, but many people are starting to inherit it and are looking to turn these items into CASH. But what many people don't know is that most companies that produced these kind of items made two different models. They would make a Sterling Silver model, and also a Silver Plated model. Both models to an untrained eye look identical. Both models will tarnish just the same. Neither will attract to a magnet. Now how to see if that "Silver" Grandma was so proud of is actually Sterling Silver, or Silver plated.
Nine times out of ten, where you see any markings such as Manufacturer, Model #, etc. if you do not see the markings "Sterling" or "925" the items are going to be Silver Plated over Copper. These items unfortunately do not have any Precious Metal Value. There are very few exceptions to this rule and are as follows:
1. English Hallmarks are present (these are small squares with very small pictures such as a Lion, etc
2. Items that are made overseas and may be .950 Silver, .830 or .80o Silver. These items will be marked accordingly (950, 830, or 800)
3. Items that are "coin silver" These items will typically be older, and often times have no markings or are marked 900 or .900
If you see a name brand such as "Wallace", "Rogers" "Oneida" "Reed and Barton" "Community" and there is not the word "Sterling" or "925" these items are most definitely Silver Plated. Also do not confuse Sterling Silver with Stainless Steel. Many models are not even Silver Plated and are just Stainless Steel.
In summary the basic rule to this is if the items are not marked Sterling or 925, odds are your items are Silver Plated. Many models will tell you they are Silver Plated by saying "Plate," "Extra Plate," "Quadruple," "Triple," "AA," "A1," "Silver over Copper," etc.
We do purchase ALL Sterling Silver items in San Antonio, but do not deal with the Silver Plated items. Silver Plated items do have very small amounts of Silver content, but the chemical cost to recover that silver far outweighs the Silver value. At Texas Gold and Silver Buyers of San Antonio, we deal with ALL Precious Metals including Gold, Silver, Sterling Silver, Platinum and Palladium. We give HASSLE-FREE, NO PRESSURE quotes each and every day. If you are still unsure if your items are Sterling Silver or Silver Plated, feel free to stop by and let us check your items out. Of course if they are Sterling Silver, we can also give you a TOP DOLLAR CASH QUOTE on purchasing these items. We deal with ALL Precious Metals such as Flatware, Tableware, Jewelry, Coins, Bullion, and Dental Gold.
Examples of Sterling Hallmarks
There seems to be a lot of disinformation regarding Precious Metal Sales and the Reporting procedures to the IRS. There is only a select group of specific items that are reportable by quantity. If you do not see the items spelled out in this blog, they are NOT REPORTABLE! Also any sales of the mentioned items that are under the specified limits are NOT REPORTABLE! We are your local Bullion and Coin specialists in San Antonio, Texas and we are committed to educating on all the ins and outs of Bullion/Coins as well as other Precious Metals and to stop the flow of false information. We are committed to providing a PRIVATE transaction for all of our customers and nothing is ever reported by us, unless it meets the Reporting Guidelines. This information is instrumental for you to make a decision on what you may want to sell and what type of quantity you may want to sell. Keep in mind Jewelry, Flatware, Dental Gold, Scrap Gold/Silver, and Sterling Silver are always exempt from IRS reporting guidelines. At Texas Gold and Silver Buyers of San Antonio, we are licensed with the State of Texas and we follow ALL legal guidelines pertaining to the law with Precious Metals, but on the other hand we feel it is important to spell out the law for you, so you can make your own informed decisions when it comes time to liquidate your Precious Metals. We are your No-Hassle, Fast, Safe, Friendly and Family Owned option to sell all of your Precious Metals. We are very aggressive buyers on Bullion, Coins, Jewelry, Scrap, Sterling Silver, Dental Gold, Flatware and Tableware. We give free NO PRESSURE quotes each and every day. Below you can follow up with all of the reporting guidelines!
WHAT IS A W-9? A W-9 is a Request for Taxpayer Identification Number and Certification. It is a commonly used IRS form that individuals and businesses provide to businesses that are paying them.
WHY WOULD I NEED TO FILL OUT A W-9? There are certain purchases of specific products in specific quantities (See Below) that require Texas Gold and Silver Buyers to file a 1099B. In order to file a 1099B, we must have a W-9 completed to have the necessary information in order to file that form.
WHAT ITEMS ARE IRS-REPORTABLE ITEMS? The IRS has specific rules related to reportable transactions that require a Form 1099-B to be filed and those rules are included in the Form 1099-B instructions on the IRS website. The following are guidelines provided related to Precious Metal sales, and these guidelines, as well as the IRS rules, are subject to change at any time without notice.
James Avery Jewelry is a very familiar name in Texas and the entire United States. They are a family-owned company offering finely crafted jewelry in .925 sterling silver, 14K (58.5% Gold), and 18K (75% Gold) for both Men and Women. James Avery Jewelry has five manufacturing plants, ALL in Texas Hill Country. Hondo, Fredericksburg, Kerrville and Comfort Texas.
The James Avery Jewelry Company had very humble beginnings. James Avery started his jewelry business in the summer of 1954 in a 2 car garage with about $250. He started out by building a small workbench, then bought a few jewelers tools and scrap silver and copper. He had a burning desire to design and manufacture jewelry that had meaning for both him and prospective customers. It is reported that his number one goal was to create jewelry that had lasting value.
A few years down the road in 1957 he mailed out his first catalog that was exclusively Christian Jewelry. It had 16 pages total and featured 39 handmade pieces of jewelry. This same year James Avery also hired his very first employee, by the name of Fred Garcia. Mr. Avery is quoted as saying "I had been doing everything myself - designing, sawing, polishing, finishing and selling. I thought 'what am I going to do? I can't saw that fast!"
In 1965 The garage based company was eventually incorporated to James Avery Craftsman, Inc. Then two years later with the help of a modest loan, the James Avery company headquarters was constructed on 20 acres in the heart of the Texas Hill Country in no other than Kerrville, Texas. Ironically the location was not too far from that original 2 car garage where it all began.
In an impressive run, 53 years after the founding of the company, Mr. James Avery officially stepped down as CEO. This was in May of 2007 and in fitting fashion passed the company to his son Chris. Sadly James Avery passed away on Monday, April 30, 2018, at the age of 96.
The James Avery story is a true American Dream story. At Texas Gold and Silver Buyers we have a James Avery Jewelry expert on staff. This allows us to pay absolute TOP DOLLAR for your unwanted James Avery Jewelry items. Don't settle for scrap payouts on your James Avery Jewelry, make sure to get a quote from Texas Gold and Silver Buyers of San Antonio before selling as we are ALWAYS paying a premium on James Avery Jewelry.
In addition to James Avery Jewelry, we also buy other designer Jewelry brands such as Tiffany and Company, David Yurman, John Hardy, Konstantino, and many others!
We are also San Antonio's #1 Bullion, Coin, and Scrap buyers! We pledge a no-hassle, fast, safe and private transaction. We are devoted to offering TOP DOLLAR on all Gold, Silver, Platinum and Palladium Items. We Buy it all, even Dental Gold!
Stop by or give us a call today!
Texas Gold and Silver Buyers of San Antonio
3435 Thousand Oaks Dr. Suite 107
San Antonio, Texas 78247
Plumb gold is a technical term that many are not familiar with. Let's go ahead and get you familiarized with what it means!
Up until 1981, in the United States, makers and manufacturers of karated gold jewelry could use gold that was around 13.5 karat (half-karated) and round up, in turn stamping the piece of jewelry 14K. In 1981, the National Gold and Silver Marking Act was passed through the United States Government no longer allowing the round off of half-karated gold. Gold had to be at least 14.0K before it was legally allowed to be stamped 14K. This is plumb gold. 14K means 14.0K or more and 18K means 18.0K or more. Jewelry made from 17.9K jewelry would legally have to be stamped 17K. Some manufacturers now stamp 14KP, for plumb gold. Often times people wrongly assume that this means the piece of jewelry is 14K gold plated. Plated gold is typically marked HGE for heavy gold electroplated or GE for Gold electroplated.
In the United States we mark gold relating to karats. 24K gold is pure (also called Fine Gold). 14K means there is 14 parts out of 24 parts that are gold. The other alloys are 10 parts. This would translate to a 14k Gold piece of jewelry being 58% Gold.
Typically speaking Europeans stamp their gold with the number of parts per thousand. A stamp for 750 (750 parts per thousand) is the marking for 18K gold. In addition 585 stands for 14K gold and 417 is 10K. In the United States, it is not legal to call something gold if it is alloyed below 10K. In England, the limit is 9K so it is common to see a stamp of 375 for 9K on jewelry that originated from there.
Platinum is typically always going to be either 90 percent or 95 percent pure. The marks vary widely, but typically platinum is designated by PL, PT or PLAT or the full word. The marking 950 means 95 percent pure.
Often times it is possible to have jewelry pieces that are actually precious metal with no markings. One possibility is that the stamps were removed during a jeweler doing work on the piece like sizing a ring. Another possibility is the piece was made before 1906, when Congress passed a law requiring jewelry to be properly stamped. If a piece looks Victorian and has no stamp, it was probably made before 1906. The reverse is not necessarily true. Some pieces made before 1906 were stamped. Don't ever throw out unmarked pieces until you have had a chance for a professional to take a look! At Texas Gold and Silver Buyers we utilize non destructive XRF X-Ray Testing to quickly test our customers items in a completely non destructive way. Unlike our competitors who will normally use the destructive Acid Testing method that is also very time consuming and nowhere near exact!
If you have ever seen a ring with some strange numbers in it that do not correlate to the information lined out above, sometimes that is a model number or serial number or manufacturing mark.
Most manufacturers have their own mark that they stamp onto jewelry that they manufacture. For example, Tiffany usually uses Tiffany & Co., but on small items they sometimes stamp T & C.
At Texas Gold and Silver Buyers of San Antonio we are always here to verify your jewelry items and make TOP DOLLAR cash offers on them. But we also have a devotion to inform the public on all the less than known facts and information to do with everything Gold, Silver, Platinum and Palladium.
Feel free to contact us or come by at anytime!
Texas Gold and Silver Buyers
3435 Thousand Oaks Dr.
San Antonio, Texas 78247
Thanks for stopping by our blog. My name is Evan and I am the owner of Texas Gold and Silver Buyers in San Antonio. From time to time I will post blog entries to help educate and inform our customers and potential future customers on all aspects of Precious Metals (Gold, Silver, Platinum & Palladium!)