Rare Gold Coin Dealer Blog

5 Reasons to Start Being a Coin Collector

Everybody has their hobbies, including collecting silver coins and gold coins. Whether you’ve considered the idea of coin collecting or noticed a loved one’s coin collection, you can easily start your own! Aside from the obvious reason of you wanting to start the collection, there are a number of reasons that would make almost anyone want to begin collecting gold coins, silver coins, rare coins and foreign coins!

Reasons to Collect Rare Gold Coins and Silver Coins

From being able to hold onto a rare item to creating a fun game of scavenger hunt as you search near and far for coins, the concept behind collecting rare coins, gold coins, and silver coins can be fun for a number of reasons.

1.) You Can Flip the Coin and Profit

It will take research to be able to find valuable silver and gold coins at a good price and then sell them for profit – but it can be done. The knowledge on the value of coins and coin pricing is available. It’s just a matter of finding that out, where to purchase or find the coin, and who to sell the coin to for its maximum worth. This could take even professional coin collectors and coin dealers awhile to master.

2.) It’s a Scavenger Hunt for Collectible Coins

Collecting coins can be exciting for the sake of it providing an adventure, task, or scavenger hunt for you. Trying to find your gold coins, silver coins, foreign coins, and rare coins to collect can be a challenge – but a good one. It will create an experience for you. Not to mention, if any of your friends or family members find one they think you’d like, they’ll know what to get you for the holidays!

3.) Coin Collecting Can Be a Fun Hobby

Not only can creating a coin collection be an exciting scavenger hunt – it can also become a favorite pastime or hobby. In your spare time, you can educate yourself about the coins you have in your collection, coins you would like to find, how to find rare coins, and anything coin related! William Youngerman, the best and most trusted coin dealer in South Florida, began coin collecting as a teenager and it turned into a lifelong career! You never know what could come from sparking a passion.

4.) Hold Onto History

Collecting coins is a great way to hold onto history because each coin was created and can have an interesting background. Some coins were discontinued early while others have a significant purpose for the design formation. It can be fun to learn about the history behind each coin as well as why certain silver and gold coins may be more valuable than others.

5.) Keep a Rare Collectible

Did you ever have an item that nobody else had or maybe just that a few people had? It can be fun to have an exciting, rare collectible in your home, such as gold coins, silver coins, or rare coins. Whether you choose to pass any coin down to your children or hold onto them until the value increases more, holding onto any rare coin can be beneficial.

Buy Coins from William Youngerman, Best Coin Dealer in South Florida

Regardless as to whether you have already started your coin collection or not, you should turn to William Youngerman. You can purchase more rare coins, gold coins, and silver coins to add to your collection, or even begin your collection by purchasing your first coin from the best coin dealer in South Florida! Contact William youngerman for more information about coin collecting, purchasing, selling, and trading.

4 Most Valuable Silver and Gold Coins of the World

Believe it or not, there are silver and gold coins worth far more than the actual material it’s made from and some types of coins in the world are worth more than you could even possibly imagine. Whether the value of a silver or gold coin is due to its rarity, discontinuation, or mint errors, it’s certainly beneficial to know the worth!

4 Valuable Silver and Gold Coins

1.) 1794 Flowing Hair Silver Dollar

Allegedly worth just under $1 million when in mint condition, the 1794 Flowing Hair Silver Dollar is an extremely valuable coin. Even when the coin is in poor condition, it can still have the great worth of an approximate $47,148. Only 1,758 original copies of the rare coin exist. The 1794 Flowing Hair Silver Dollar is special because it is the first dollar coin that the United States ever dispersed.

2.) 1870 Liberty Seated Dollar

This 1870 Liberty Seated Dollar may have an approximate silver melt of $13, but the overall worth of the rare coin could range from $177,286 all the way to nearly $2 billion! This rare coin is special because when the coin was minted, it was the very first time in almost a decade that the Liberty Seated Dollar was minted in multiple locations. There are three versions that include CC mint marks for Carson City, S mint marks for San Francisco, and no marks. While all are valuable and rare, the ones worth the most are the rare coins minted in San Francisco.

3.) 1933 Indian Head Gold Eagle

Though its face value is $10, the 1933 Indian Head Gold Eagle has a gold melt of $621! This isn’t even the impressive characteristics of the gold coin though. The 1933 Indian Head Gold Eagle could be worth the value of $600,000 when in good condition! Why is this rare gold coin so valuable? It turns out that 1933 was the last year the rare coin was minted. Not only is this gold coin valuable because of this but it’s also because President Roosevelt banned the country from owning personal gold and a majority of the coins were melted in accordance!

4.) 1797 Draped Bust Half Dollar

With only a silver melt of a mere $6.08, this 1797 Draped Bust Half Dollar could have the potential worth of half a million dollars! The reason for this rare silver coin being so valuable is the fact that it was the last half dollar issued in the century until 1801.

While these are just some of the most valuable silver and gold coins of the world, there are plenty more valuable coins out there! Knowing the value of coins can help you when you are on the hunt for coins that are worth the most.

Looking for Foreign Gold Coins? Turn to William Youngerman!

Whether you are looking for a valuable gold coin or want to purchase a rare foreign coin, you can count on William Youngerman to have a wide selection. From US gold coins to foreign coins, William Youngerman has both rare and unique coins for you to add to you collection. Not looking to add any coins to your selection? William Youngerman may be interested in purchasing your gold or foreign coins! Contact William Youngerman today for more information at (561) 368-7707.

From Buying Gold to Selling Silver: Insider Tips to Maximize Value

A Brief Insider’s Guide to Buying and Selling Precious Metals

 

Whether you are looking to buy gold for investing or sell gold coins, or prefer to deal in silver jewelry or platinum bars, there is a great deal of insider information you should know in order to maximize your market value and avoid making common industry mistakes.

Gold is the stable horse in the investment world, our love affair with gold has been the unshakable force behind the rise and fall of empires for thousands of years, and every day millions of gold coins like the American Eagle or Canadian Maple change hands through brokers, precious metal dealers, investment opportunity managers, and third party services.

Between 2005 and 2011 the price of gold more than quadrupled, and though it has fluctuated recently with some downtrends in price valuations, there just is no security in the investment world like that of buying gold, which is tangible and can be weighed, measured, and held, unlike investing in futures.

Right behind those people buying gold, just as in the Olympics, there has always been plenty of people buying silver, a true powerhouse in its own right. Silver is the most abundant of the precious metals, and the preeminent source of many historical global shifts dating all the way back to 100 AD (and before) when Spain became the capital of silver production and the Spanish silver mines funded many of the glories of the Roman Empire, becoming an integral part of the burgeoning spice trade in Asia. This rich history carried through to the discovery of the new world and overflowing mines of silver that changed the world many times over.

And though the modern history of platinum begins roughly around the 18th century, the unrivaled value of platinum has continued to skyrocket as jewelry demand and possible scientific applications continued to expand in leaps and bounds, placing it in a high demand market, and whether you prefer to utilize the value of platinum for luxury items like wearing a platinum watch or buying your loved one a platinum ring, there is something magical about platinum.

gold nugget 1024x686 From Buying Gold to Selling Silver: Insider Tips to Maximize Value

Buy Gold Eagles for Safe Haven Investment Purposes

 

Buying rare coins like the 1857 Gold Liberty is an art form, and there is a big difference between investing in gold coins  or gold bars and building an investment collection of specific rare coins, which requires diligence and expertise, an understanding of the history and grade of specific coins, certificates of authenticity, and a wealth of knowledge on the subject that the average gold coin investor is unlikely to care about.

Traditionally, high net worth investors keep a strong percentage of their assets in gold form as a protective factor and this trend has taken firm root in the United States where these individuals are more likely to take an active interest in building rare collections with the end game being the preservation of wealth across generations.

But most Americans invest in gold coins to hedge financial uncertainty or capitalize on price movement, then contemporary coins are the optimal way to serve this purpose, and the best advice is to buy Gold Eagles or Canadian Maples as North American coins offer the best value and are the easiest to buy and sell.

Not only is the 22-karat Eagle’s purity and content guaranteed by the US Mint, but when you buy Gold Eagles you can then use them in IRA’s if you so choose.

The Canadian Maple is even purer, registering at 24-karats, and to compete, the US Mint introduced the American Buffalo, a 24-karat gold bullion coin, to the trading world, but it is more expensive and less well known, so many people stick to what they know best and buy gold eagles.

Sell Gold Eagles Only After Keeping Them for 3 Years or More

 

Some people sell gold eagles relatively quickly after purchasing them, trading them likes stocks, but gold coins aren’t meant for this kind of trading, and should be kept for at least three years.

And when you buy gold eagles for the purpose of later intending to sell gold eagles, stick to the 1-ounce contemporary coins because the fractional coins such as the half ounce and quarter ounce carry higher premiums so your best value whether you intend to buy gold eagles or sell gold eagles, is to go with the 1-ounce options.

How to Get the Best Value When You Sell Broken Gold Jewelry

 

There is very little value in holding onto broken jewelry pieces unless they are family heirlooms or you intend to get them fixed. Otherwise you are better off liquidating your broken items for the value of the precious metals.

The key when you sell broken gold jewelry, and this applies to when you sell broken silver jewelry as well, is don’t get pressured into taking less than the full value of the weight.

Do your research on the current value so that you know what your items are worth going in, and then complete the transaction with a trusted professional in the industry rather than a pawn shop or mall kiosk.

When to Sell Silver Jewelry (And Sell Silver in General) and When to Keep It

 

There is a right time to sell silver jewelry and that is when you can get the most for your items, but to know when this time is, you have to understand what to look for with your pieces and how the market is turning.

First off, silver comes in various alloys. Pure silver is the most valuable (marked with a 999 for the 99.9% silver purity) but most silver jewelry is made from sterling silver which is a silver alloy mixed with copper or other metals in order to make it more durable and longer lasting. Sterling silver contains 92.5% silver and is often marked with the numbers “925” somewhere on the item.

Anything less than sterling silver is going to be marked with a 500 for 50% pure silver or an 800 for 80% pure silver, and if it is not marked at all, make sure to get it tested for purity independently of trying to sell it to reduce any conflict of interest from the professional doing the testing.

Once you know the purity levels, figure out the weight of the silver so that you can look up the current market price and figure out an approximate acceptable range.

But remember, this is the value of the silver melted down, and this fails to take into account whether the broken jewelry can be quickly and easily fixed by a professional, allowing a broker to sell it at a higher rate than the melted weight and increasing what you should get for it.

This typically only applies to exquisitely crafted, rare, historical, or otherwise unique pieces, as the workmanship gains a value unto itself, but you always want to make sure as it may be worth the cost of getting the piece fixed first before you sell it if the value if going to be greater that way.

From a Platinum Coin or Platinum Watch to a Full Platinum Bar, Here’s What to Know

 

platinum coins From Buying Gold to Selling Silver: Insider Tips to Maximize Value

Buying platinum for investing purposes can be a smart idea as platinum is the rarest and depending on the market, it can be the most valuable, but many people still hesitate to invest in platinum as a proxy for money despite its large potential upside.

Part of the hesitation stems from the fact that nearly 70% of the world’s platinum is mined in South Africa and the unpredictable political and civil climate causes a great deal of uncertainty when it comes to consistent production.

This can be a huge benefit for the investor or the wearer of luxury platinum items however, as annual platinum production has averaged less than platinum consumption (about 250 tonnes) over the past 20 years, causing price spikes that have taken platinum investments up by as much as 10-30% over the price of gold.

Right now platinum values are down, which is causing many to resist its lure, but others see this as a great opportunity to get in at a low point and turn their platinum coins, platinum bars, and platinum luxury items (like a platinum ring, platinum watch, or platinum wrist bag) into much more valuable investments down the road as global economies pick up… causing the demand for platinum in industrial applications to once again soar.

Information, Timing, and Valuations Are Key to Buying and Selling Gold, Silver, and Platinum

 

gold bars From Buying Gold to Selling Silver: Insider Tips to Maximize Value

Buying and selling gold can be an intimidating venture when you don’t understand all the nuances of the market and aren’t sure who to trust, but consulting a stand-up high-quality professional like those at William Youngerman Inc. can make a world of difference in the quality of experience you have.

There is nothing like the security of having William Youngerman working with you to maximize your value, assess your assets, find you the collection pieces you are searching for, or give you the full breadth of decades of expertise in whatever precious metals venture you are embarking on.

From giving advice on selling silver or the right time to sell gold coins or platinum bars, William Youngerman and his staff have the insider information you can trust and the reputation you can count on.

Whether you are looking to buy gold for investment purposes or sell silver jewelry (or silver bars) at the highest value, or looking into buying platinum in the form of platinum bars or coins in the hopes of capitalizing on potential spikes in the market, knowing the trends, the insider tips to getting the highest returns, and understanding the differences in the options will go far towards helping you get the best market value out of your gold jewelry, platinum watch, gold pin, or silver jewelry.

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World Gold Coins

World Gold Coins are available from William Youngerman on his website. There are hundreds of options from all over the world. You can find World Gold Coins from Cuba, Venezuela, Germany, Russia, and many other places internationally. Anyone can find what they need from William Youngerman when they search his website.

William Youngerman’s World Gold Coins

A multitude of options await you in the way of World Gold Coins. Some of the best additions to the collection are some of the rarest in the world. We have World Gold Coins like the 1975 Venezuela 1000 Bolivars, 1915 Cuba 10 Pesos, 1905 Germany 20 Marks Prussia, and 1902 Russia 5 Rubles. There’s so much to find here with William Youngerman and so many World Gold Coins to explore!

Buy World Gold Coins Today from William Youngerman

Shop our store today to find more World Gold Coins from William Youngerman. You can also contact us in order to ask us about any new coins coming out or if we can find any coins for you. Don’t be shy! We’re here to help. We are avid collectors and investors that are just are fanatic about World Gold Coins as you are. Stop by our shop today!