What You Need to Know About Buying and Selling Gold and Silver
Posted in Advertising and Marketing on September 20th, 2010The price of silver and, especially, gold has skyrocketed over the past few years, making it one of the most consistently profitable investments on the market. No one knows for sure how high prices may reach. A couple of days ago an ounce of gold was valued at almost $1250. I remember hearing market annalist discussing the chance of it hitting $1000.00 not too long ago. The future for gold and silver looks bright if you are a collector, a buyer, or a seller. Not just gold coins and bullion are going up in price, scrap gold and silver is likewise skyrocketing. If you are in need of a little extra cash, this might be the place to start. Pay off your bills with the gold and silver you haven’t used in years. We all have a few extra trinkets, rings, and watches taking up space in our jewelry boxes. Buying and selling silver in Birmingham affords the opportunity to make a little extra money by selling things you have but don’t use.
How can you tell if the things you have laying around are real silver? Sterling silver flatware is almost always marked somewhere on the piece, most often on the backside of a fork or spoon. It will say “sterling” or 925. Either of these marks indicates sterling silver. Half dollars minted before 1970 may be 40% silver, but not dimes and nickels or quarters from era. All silver coins minted before 1964 were made of 90% silver and therefore have great value. If you are in the market for buying or selling silver in Birmingham or Chattanooga do your homework to get the most value. Do a little homework and make sure you are doing business with a competent, reliable company that preferably has been in business for a while and let your old broken pieces of jewelry, flatware, or coins help pay the bills for you.