 With gold prices and values peaking this summer, a number of market analysts feel that we are entering a "gold bubble." Many of the top experts feel something very similar to the housing market crisis is on the horizon, We all remember how the housing market soared, then crashed in dramatic fashion. So if you have gold items, jewelry, coins, bullion, and dental gold that you want to sell for cash, consider selling sooner rather than later. There are no arguments that the current prices are more than decent. This Texas Gold and Silver Buyers of San Antonio Blog entry will guide you to what to avoid, or what to be on guard for when selling your Gold and Silver jewelry, coins, bullion, and scrap items. We also aim to steer you in the choice you are most comfortable with.
Selling to Mail-In Operations With this option you mail in your gold and they mail you back a check. There are numerous companies online offering this option. Pros: It’s convenient and easy, you never have to leave your home – they send a prepaid envelope, They promise to return your gold if you are not pleased with their offer, you drop the gold in the mail and they mail a check with a receipt if you accept their offer. Cons: You PAY A HUGE PRICE for this convenience. Consumer Reports found that mail-in companies offered between 11 percent and 29 percent of the meltdown value of the gold. This is very unethical and a terrible business practice paying that low. Many times the packages are not insured, and mishaps happen within the United States Postal Service, such as lost or stolen packages. There are also numerous reports and complaints, that when their offer is declined by the consumer, there are expensive hidden fees and charges to get your items returned. Many States it is strictly prohibited for these National Companies to conduct business with the citizens of these states, yet the companies still operate and do business in these States, as they know any kind of action on part of law enforcement would likely be focused on the consumer who was unaware. Please keep in mind these laws are on the books to PROTECT consumers, not get them in trouble. The bottom line: Understand the price you are paying for the convenience of using mail gold buying operations, “The guys on TV are providing a service, but they’ve got a very, very high expense rate. They’re spending literally millions on advertising — and that’s (part of the reason) you might get just 20 or 25 cents on the dollar.” says Paul Montgomery, president of the Professional Numismatists Guild. The large outfits that also pay millions in advertising online operate just like the businesses on TV, and a lot of times they are the same outfit, operating under many assumed names. Hotel and Gold Expo Shows These companies start an advertising blitz on local television a few months before they plan to arrive. They state they’ll be at a hotel or convention center in your area and will offer “the most" for your gold jewelry, coins, and bullion.. Pros: Many times these operations will buy more than just your gold – if you have collectibles, you may be able to sell them at the same time. Cons: The limited time they are in your community can encourage high-pressure sales tactics and little recourse if you feel taken advantage of after the fact. Many times they also are unlicensed and not regulated in the State or Community they are conducting business in. In Texas, the State highly regulates Gold and Silver Buyers, thus doing their part to ensure Consumers are protected from immoral and greedy Gold Buyers. With these traveling outfits they rack up high travel expenses, rent and advertising expenses. This translates to the fact you will rarely receive more than 40 percent of scrap value. This is WAY TOO LOW! Not to mention their advertising blitz they have been running in your community, produces LARGE CROWDS, and many times you have to stand in line for hours for your turn to get low balled on your items. The bottom line: PLEASE do your homework, know a fair price and wait for the offer. At Texas Gold and Silver Buyers of San Antonio we believe consumers should be EDUCATED and UNDERSTAND what they have before selling. Of course anyone buying from you is in business, and stands to make a profit, but these types of payouts are not acceptable. Pawnshops Business is tremendously up at pawnshops since the economy tanked with the Great Recession, but also since the recession, gold prices have soared. Many people count on Pawn Shop loans to make ends meet, and there is nothing wrong with that, but Pawn Shops traditionally pay VERY LOW. They’ll test your gold for authenticity and then offer a price. Pros: If you suddenly decide you really didn’t need to pawn or sell that family heirloom for a few bucks, you can usually buy it back or get it out of pawn, although at a higher price or with interest. Cons: Pawnshops aren’t always in the best area of town, which can be a deterrent for most sellers. More times than not the "customer service" aspect is completely void, and they can come off in a cold and rushing manner. This is just a byproduct of the Pawn Industry. Also Fridays are a nightmare in a Pawn Shop, as folks are getting paid, and rushing to the Pawn Shop to make sure their pawn payments are paid, or getting things out of pawn. Most Pawn Shops will not take the time to go through your lot of jewelry, and almost always pass on Silver items if they are not Designer or Name Brand. The bottom line: You would not sell a vehicle, boat, four wheeler or any other asset without doing some homework and learning about what you’re doing, Pawn shops are notorious for just verifying your items are gold, and not giving any consideration to the purity or karat. Expect to be paid for 10k gold, even if you have 14k or 18k gold. Please continue to follow Texas Gold and Silver Buyers of San Antonio's BLOG for periodic informational blog posts concerning all aspects of Gold and Silver Jewelry, Coins, Bullion, Dental Gold, and Scrap. Home Gold Parties The exact same thing like a Tupperware party, but instead of going home with plastic containers and less cash in your wallet, you sell your gold and take home cash. Pros: It is a fun and social experience and perhaps the only multi-level marketing program where you leave with more cash in your wallet or purse than what you arrived with. Cons: Don’t expect to make a fortune! In addition to the cut reserved for the company organizing the event, the host of the party will be getting at least a 10 percent commission. Not all the party hosts will be gold professionals, which means your gold will most likely not be evaluated fairly. These parties are notorious for weighing all karats of Gold together and paying for the lowest karat present. PLEASE DO NOT ALLOW 18k, 14k Gold items to be bought as 10k! This is leaving too much money out of your wallet, and into the wallets of the host and party organizer. The bottom line: Socially Fun and a chance to catch up with friends and colleagues.. Is it profitable? That’s EXTREMELY questionable. Expect to get 50 percent or less than what your gold is actually worth. What it boils down to, is if you trust the folks running it, and if you are ok letting percentages of what you are due to go into the pockets of the host and organizers. Too many middle men = less cash for you, the consumer. Jewelry Shops/Coin Shops/Gold Dealers With the strong demand for gold, silver, platinum and palladium precious metals it seems everyone is trying to purchase your items these days. You won't have any issues finding a shop or dealer to purchase your items, the only issue that comes into play, is how honest are they, are they licensed and registered, so that they are properly regulated??? Pros: You’ll tend to almost always get the most for your Gold, Silver, Platinum and Palladium items at your local REPUTABLE AND LICENSED Precious Metal Dealer Shop, Jewelry Store, or Coin Store – up to 80 percent of the gold or silver value typically. If you have certain Designer or Name Brand crafted jewelry, if they are honest they are likely to pay more for the jewelry itself, rather than just offering you cash based on the scrap value. Cons: Many Precious Metal Dealers, Jewelry Stores, and Coin Stores are catching on to the fact they don’t need to offer the best price for the gold, while sizing up a customer they think they can tell doesn't truly know what they have. This is running rampant in our local San Antonio, Texas area. In part because they see Mail In Gold Buyers, Pawn Shops, and Gold Buying parties taking advantage of consumers and getting away with it. Please do some research and make sure you are dealing with a reputable and honest dealer. At Texas Gold and Silver Buyers, we will always be honest and upfront. We STRONGLY believe in educating our customers and potential future customers, as is evident by this blog post as well as many others. The bottom line: If a dealer tells you that the offer is only good until you walk out of the store, by all means walk out of the store, Go shop around. If you walk back in the next day, the dealer will still want to buy your gold. Also, if you shop around, attempt to go to all shops on the same day, since gold prices can fluctuate substantially. Ask the Precious Metal Dealer, Jewelry Dealer, or Coin Dealer to produce their licensing and credentials. If they balk at this, go elsewhere. Do your research online. Check for reviews, check for complaints, check for anything that your gut tells you doesn't seem right. There are MANY honest and reputable dealers across the United States, unfortunately the bad apples can give a bad name to the ones conducting truthful and honest business. BE AWARE how you are being paid! Many dealers will try to weigh in pennyweights, and then try to pay you by the gram, which leaves you with considerably less money than you are due. Other dealers will proclaim they pay up to 90%. If something seems to good to be true, it most likely is. We are always here for you at Texas Gold and Silver Buyers of San Antonio to answer any questions or clear up any confusion. We are your go to Friendly, Honest, Licensed and Registered Gold and Silver Buyers. We look forward to hearing from you soon! Texas Gold and Silver Buyers 3435 Thousand Oaks, Suite 107 San Antonio, Texas 78247 210-441-2177 www.texasgoldandsilverbuyers.com #sanantonio #satx #goldbuyer #goldbuyers #silverbuyer #silverbuyers #cashforgold #cash4gold #cashforsilver #cash4silver #goldexchange #silverexchange #alamocity #gospursgo #webuygold #webuysilver #goldcoins #goldjewelry #silvercoins #silverjewelry #sterlingsilver #sterlingsilverjewelry #sterlingsilverflatware #silverware #bullion #goldbullion #silverbullion #platinum #platinumjewelry #platinumbullion #golddealer #pawnshop #jewelrystore #coinstore #webuycoins #webuygoldcoins #webuysilvercoins
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 We offer a unique experience for our customers who want to sell their Gold, Silver, Platinum and Palladium Precious Metals in San Antonio, Texas! We are open to the public, but will always respect your need for discretion and privacy. We offer the option to call ahead for a private appointment, where we will not allow other members of the public to come into the office during your transaction. Even if you do not call ahead and arrive to our store, please just let us know if you would like for us to let other customers know, who may arrive during your time here, that they will need to wait their turn until our transaction is finished. Because of our fast, hassle-free service, and TOP DOLLAR quotes our transactions flow very quickly for our customers. We have found other customers do not mind waiting a few minutes to have their own private transaction. On top of this, we offer a discrete, safe and secure location. Many times if you visit a Pawn Shop or some of the other Precious Metal Buyers, they will allow others to come in and wait and eavesdrop on your transaction. We give every customer the opportunity to feel as safe, comfortable as possible, and conduct a private transaction, if the need be. We welcome you to give us a call or come by today for your own individual PRIVATE transaction. Just let us know that you have a need for a private experience and we will be more than happy to honor that for you. This is what makes Texas Gold and Silver Buyers of San Antonio, Texas so much different. Our #1 goal is for all of our customers to be treated fairly, and have the respect given to them that they deserve relating to their transaction, on top of being the most competitive paying Precious Metals Buyers in the area!
Texas Gold and Silver Buyers 3435 Thousand Oaks, Suite 107 San Antonio, Texas 78247 210-441-2177 OUR PLEDGE TO YOU IS TO BE THE #1 GOLD BUYER, #1 SILVER BUYER, #1 GOLD AND SILVER JEWELRY BUYER, #1 BULLION BUYER, #1 GOLD AND SILVER COIN BUYER, #1 STERLING FLATWARE AND TABLEWARE BUYER, #1 DENTAL GOLD BUYER, #1 PLATINUM BUYER in SAN ANTONIO TEXAS.   What is karat? Karat is a unit or measurement for purity or fineness in crafted gold pieces. The word "karat" originated from the carob seed, which was used to balance scales in the weight measurement of gold in ancient Asian bazaars. Karat is not to be confused with "Carat" which deals with the measurement of weight of Diamonds, Gemstones, etc.
For purposes in the United States : Karat = Purity ; Carat = Weight of Diamonds and Gemstones Pure gold (24k) is too soft to make jewelry in most cases. Most 24-karat gold is sold as investments to world governments and central banks as well as private investors in the form of Bullion (Bars, and Rounds). Pure or Fine Gold Jewelry does exist, but is very delicate as it bends like warm butter. Because of this, most gold jewelry almost always has other alloys which are mixed with the gold, such as silver, copper, or zinc, or nickel. A single karat of gold is equal to 1/24 part (4.1667%). The gold karat shows how many parts of gold and how many parts of other metals are in gold jewelry or other crafted gold pieces. The charts above show the differences between the different karats, and also shows the percentage of gold and other metals. The standard of stamping in the U.S. and other parts of the world can vary a bit, but all translate to the same math. As I mentioned earlier, gold is a very soft metal, so high karat items are often easily damaged. A 24 karat item is generally reserved for display or ceremonial use, because it is not very practical to wear on a daily basis, as it is not durable at all. With newly manufactured pieces of gold jewelry, most have a karat rating in the range from 10k to 18k. In the US, the minimum karat value allowed by law for gold jewelry is 10k, but in Europe, 9 karat (9k) gold items are very common. Some of these items do make their way to the United States, most commonly bought while traveling. High karat gold 20k + usually always comes from the Middle East and India. Stating the obvious, the purer the gold content in a piece of jewelry, the more valuable it is. At Texas Gold and Silver Buyers of San Antonio, we utilize State of the Art XRF X-Ray equipment to determine the karat of your jewelry. This is a near exact and precise way to test and pay our customers THE MOST for their Gold, Silver, Platinum and Palladium jewelry, coins, bullion, scrap, and dental items. The widely used method of scratch stones and acid is destructive, time consuming, and nowhere near exact!! Alot of our competitors only use Acid Testing to determine your pieces are real and not counterfeit, and then purchase items at a flat rate on the lowest karat. The Acid Test is a age old way to determine a piece is gold, but is not accuarate determining different karats (10k, 14k, 18k, etc) This is not acceptable to us, and we want to ensure our customers are paid TOP DOLLAR on what they actually have. We are YOUR local San Antonio Precious Metal Experts, and encourage you to come by and see us for a honest, safe, hassle-free evaluation and offer on your Gold, Silver, Platinum and Palladium items. Texas Gold and Silver Buyers 3435 Thousand Oaks, Suite 107 San Antonio, Texas 78247 210-441-2177 #goldbuyers #silverbuyers #webuygold #webuysilver #texasgoldandsilverbuyers #goldexchange #silverexchange #cashforgold #cashforsilver #webuyplatinum #webuypalladium #cash4gold #cash4silver #sanantonio #gospursgo #alamocity #sa #satx #webuyjewelry #webuycoins #webuybullion #bullion #jewelry #coins #silvercoins #goldcoins #goldjewelry #silverjewelry #sterlingsilver #sterlingsilverjewelry #dentalgold #thankyouTD #spurs #spursnation #honest #reputable #topdollar #cash #safe #hasslefree The U.S. Mint produces SILVER Proof Sets and Commemoratives each and every year. These coins will be sealed in Mint Packaging and rarely ever make it into circulation. As far as coins in circulation, you may be very surprised to find out ALOT of Silver is floating around in circulation, and piggy banks that is worth much more than the face value! At Texas Gold and Silver Buyers of San Antonio, we are buying silver coinage EVERY DAY and PAYING TOP DOLLAR! Here is a quick run down of the SILVER COINS most commonly found in circulation or commonly tucked away by Grandma or Grandpa. Roosevelt and Mercury Dimes, Washington Quarters, Walking Liberty Half Dollars, Franklin Half Dollars and Kennedy Half-Dollars minted 1964 and earlier are 90% silver. Kennedy Half Dollars 1965-1970 are 40% Silver. The ONLY nickels that have any silver value are the War Nickels dated 1942-1945. (35% Silver) The value of most circulated coins minted in the 1920′s through 1964 comes primarily from their silver content. Remember, this is for the most common material. We will take the time to look for any key dates or mints and ALWAYS pay more for any key date/mint coins you may have! Old Silver Dollars (Morgan and Peace Dollars) are 90% Silver -- condition, mint, and year heavily factor on their value. These can range from value being close to their silver value, all the way up to extreme values for rare dates and mint locations. So a good rule of thumb if the coin is dated 1964 or earlier, is U.S. Minted and is NOT a Nickel, the coin will be 90% Silver! Below is a picture reference for a quick education in U.S. Silver Coinage! We look forward to giving you a quote on your U.S. 90% Silver Coins! Take a look below for a picture reference! Texas Gold and Silver Buyers 3435 Thousand Oaks, Suite 107 San Antonio, Texas 78247 210-441-2177 www.texasgoldandsilverbuyers.com
These are the most common 90% Silver Coins that Texas Gold and Silver Buyers purchases in San Antonio, Texas. We also purchase Barber Dimes, Barber Quarters, and Barber Half Dollars (1892-1916); Standing Liberty Quarters (1916-1930). We are one of the ONLY Gold and Silver Buyers in San Antonio that will take the time to go through all of your coins and separate any key dates, key mints, or rarities and make an appropriate offer. Coin rarities are far and few between, but they DO exist! We will always be upfront and honest with you, when we come across a valuable coin. If we don't come across one of these rarities, then no worries, we are paying TOP DOLLAR EVERYDAY on your 90% Silver Coins!
#texasgoldandsilverbuyers #webuysilver #silverbuyers #webuysilvercoins #silver #coins #silvercoins #silverjewelry #sterlingsilver #webuyjewelry #webuycoins #sanantonio #satx #gospursgo #silverexchange #sellmycoins #sterlingsilverjewelry #cashforsilver #cashforco |
AuthorThanks 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!) Archives
April 2021
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