Monday, February 22, 2010
What is Junk Silver and How to Invest in Junk Silver
In Gold We Trust is an online coin bullion and scrap gold calculator that offers up to the minute valuations on all your gold coins, junk silver coins , scrap gold and so on
Why You Should Not Invest in Gold
www.in-gold-we-trust.info is an online gold and silver calculator as well as an information and resource site for people interested in finding out more about gold. silver and other precious metals. The Coin, Bullion and Scrap Gold Calculator gives up to the minute prices on scrap gold , junk silver, gold & silver coins
Saturday, February 20, 2010
What is Scrap Gold and How to Buy Scrap Gold
Great video on scrap gold and how to buy scrap gold
Scrap Gold Video
In Gold We Trust is an online coin bullion and scrap gold calculator that offers up to the minute valuations on all your gold coins, junk silver coins , scrap gold and so on
Scrap Gold Video
In Gold We Trust is an online coin bullion and scrap gold calculator that offers up to the minute valuations on all your gold coins, junk silver coins , scrap gold and so on
Any PIIGS Bailout is Just a Bailout of the Banks in Disguise
Different news sources and bloggers are reporting how Germany is upset at the idea of bailing out the PIIGS countries, and somehow they are selflessly doing it for the sake of Europe. Any bailout is just a bailout of the banks once again. Yes these countries are heavily indebted but you have to ask who lent them the money - German, Swiss, Austrian, French and British Banks - not only that they then sold on much of this debt to insurance companies and pension funds. An additional twist is that many financial institutions are limited in what they can invest in - needs to be AA or higher so they then were sold so called insurance in the form of credit derivatives by these banks. The PIIGS go bust and this will cause a huge unravelling in the whole financial system - that is why there might be a bailout.
The problem is exacerbated by the fact that most Germans think Germany is about Manufacturing machine tools and cars - they do not realize how enmeshed the likes of Deutsche Bank and Allianz are in the whole financial mess - hundreds of billiions if not trillions - so yes they do think that they are bailing out their poor neighbors and do feel a bit miffed - will they ever be shown the truth and depth of the whole situation.
www.in-gold-we-trust.info is an online gold and silver calculator as well as an information and resource site for people interested in finding out more about gold. silver and other precious metals. The Coin, Bullion and Scrap Gold Calculator gives up to the minute prices on scrap gold , junk silver, gold & silver coins
The problem is exacerbated by the fact that most Germans think Germany is about Manufacturing machine tools and cars - they do not realize how enmeshed the likes of Deutsche Bank and Allianz are in the whole financial mess - hundreds of billiions if not trillions - so yes they do think that they are bailing out their poor neighbors and do feel a bit miffed - will they ever be shown the truth and depth of the whole situation.
www.in-gold-we-trust.info is an online gold and silver calculator as well as an information and resource site for people interested in finding out more about gold. silver and other precious metals. The Coin, Bullion and Scrap Gold Calculator gives up to the minute prices on scrap gold , junk silver, gold & silver coins
Friday, February 19, 2010
Step By Step Guide to Buying Junk Silver Coins
Decide which Junk Silver Coins to buy.Morgan Silver Kennedy 1964 Half Dollars, Mercury or Roosevelt dimes might be the best place to start
Step 2
Calculate the current spot silver value of the junk silver coins you have chosen to buy. You can do this either by going to www.in-gold-we-trust.info and use their junk silver calculator which will work out the values for you or alternatively take the current silver price and multiply it by 0.36169 (for Kennedy Half Dollars) or by 0.07234 (for Mercury Dimes)
Lets say the Silver price is $16 and you want to buy some Kennedy Half Dollars so the spot silver value of each is $5.78. Any dealer will charge you a premium above the spot value of the coin and they will often quote the price in terms of "face" (i.e. face value) So for example our Kennedy Half Dollar that is worth &5.78 would be quoted at around 11.5 times face. The face value is 50 cents, the spot silver value is $5.78 s divide %5.78 by 0.5 which gives you roughly 11.5 times face.
What ever the face price is for Kennedys will also be the same for Mercury Dimes, Roosevelt Dimes and Barber Quarters. So a Mercury Dime at 11.5 times face will be worth $1.15 and so on.
#
Step 3
Once you know the value of the coins you want to buy then you can start shopping around. Some dealers will only sell Junk Silver Coins in $1000 bags face value - which may end up costing you $12-13000. If buying such a large amount the maximum premium you should look at paying is 10% and shop around for less!!!!
If you are on a smaller budget do not worry - many coin dealers will sell you individual coins - meaning you can start investing in silver for as little as $1.50!!!!. My experience has shown that your local coin shop will offer better prices than large internet retailers so its worth shopping around. Buying singles or smaller lots may push the premium you pay up to 20%
Another great place to buy junk silver coins is on Ebay. Many sellers will sell in smaller quantities and offer free shipping. One trick I picked up was to calculate the spot value of the lot they were selling and put in a bid just s tiny but above that spot value and to do this for many different lots. Often I would win at least a couple of bids the bid because not so many people were bidding on that lot.
In Gold We Trust is an online coin bullion and scrap gold calculator that offers up to the minute valuations on all your gold coins, junk silver coins , scrap gold and so on
Step 2
Calculate the current spot silver value of the junk silver coins you have chosen to buy. You can do this either by going to www.in-gold-we-trust.info and use their junk silver calculator which will work out the values for you or alternatively take the current silver price and multiply it by 0.36169 (for Kennedy Half Dollars) or by 0.07234 (for Mercury Dimes)
Lets say the Silver price is $16 and you want to buy some Kennedy Half Dollars so the spot silver value of each is $5.78. Any dealer will charge you a premium above the spot value of the coin and they will often quote the price in terms of "face" (i.e. face value) So for example our Kennedy Half Dollar that is worth &5.78 would be quoted at around 11.5 times face. The face value is 50 cents, the spot silver value is $5.78 s divide %5.78 by 0.5 which gives you roughly 11.5 times face.
What ever the face price is for Kennedys will also be the same for Mercury Dimes, Roosevelt Dimes and Barber Quarters. So a Mercury Dime at 11.5 times face will be worth $1.15 and so on.
#
Step 3
Once you know the value of the coins you want to buy then you can start shopping around. Some dealers will only sell Junk Silver Coins in $1000 bags face value - which may end up costing you $12-13000. If buying such a large amount the maximum premium you should look at paying is 10% and shop around for less!!!!
If you are on a smaller budget do not worry - many coin dealers will sell you individual coins - meaning you can start investing in silver for as little as $1.50!!!!. My experience has shown that your local coin shop will offer better prices than large internet retailers so its worth shopping around. Buying singles or smaller lots may push the premium you pay up to 20%
Another great place to buy junk silver coins is on Ebay. Many sellers will sell in smaller quantities and offer free shipping. One trick I picked up was to calculate the spot value of the lot they were selling and put in a bid just s tiny but above that spot value and to do this for many different lots. Often I would win at least a couple of bids the bid because not so many people were bidding on that lot.
In Gold We Trust is an online coin bullion and scrap gold calculator that offers up to the minute valuations on all your gold coins, junk silver coins , scrap gold and so on
Thursday, February 18, 2010
How to Buy Silver
Good information on the different ways you can invest in or buy silver.
How to Buy Silver
The In Gold We Trust is an Online Junk Silver and Gold Calculator that gives easy up to the minute silver dollar values, prices on all junk silver coins as well as scrap gold prices and the value of gold coins
How to Buy Silver
The In Gold We Trust is an Online Junk Silver and Gold Calculator that gives easy up to the minute silver dollar values, prices on all junk silver coins as well as scrap gold prices and the value of gold coins
How to Buy Gold
Check this out for info on how to buy gold
The In Gold We Trust is an Online Junk Silver and Gold Calculator that gives easy up to the minute silver dollar values, prices on all junk silver coins as well as scrap gold prices and the value of gold coins
The In Gold We Trust is an Online Junk Silver and Gold Calculator that gives easy up to the minute silver dollar values, prices on all junk silver coins as well as scrap gold prices and the value of gold coins
How to Calculate Silver Dollar Values and Other Junk Silver Coins
Junk silver coins are old US coins that contain silver. Up until 1965, US coins were minted with a 90% silver content. They are a great way to invest in silver but you should know a little about the different coins before buying them. This information below should help you also calculate Silver Dollar Coin Values and other Junk Silver Prices
Junk Silver Coin - Silver Content (ounces)
Dimes
Seated Liberty 1837-1852 0.07726
Seated Liberty 1853-1873 0.07205
Seated Liberty 1873-1891 0.07234
Barber Dime 1892-1916 0.07234
Mercury Dime 1916 to 1945 0.07234
Roosevelt Dime 1946-1964 0.07234
Quarters
Barber Quarters 1892-1916 0.18084
Standing Liberty Quarters 1916-1930 0.18084
Washington Quarters 1932-1964 0.18084
Half Dollars
Barber Half Dollar 1892-1915 0.36169
Walking Liberty Half 1916-1947 0.36169
Franklin Half Dollar 1948-1963 0.36169
Kennedy Half Dollar 1964 0.36169
Kennedy Half Dollar 1965-1969 0.14789
Silver Dollars
Trade Dollar 1873-1885 0.78761
Morgan Dollar 1878-1921 0.77343
Peace Dollar 1921-1935 0.77343
To calculate the value of each coin get the current silver price from the website linked below and then multiply that by the silver content in each coin. So for example if the Silver Price is $16 then the value of a Morgan Silver Dollar is 16x0.77343=$12.37.
Remember that when you go and buy these coins the dealer may quote the price in terms of "face" (i.e. face values) in the above example he might quote you 12.3 times face. It is always handy to know the spot price of any coin before buying it so you know how much premium you are paying. For these kind of coins in small amounts it is not unreasonable to pay up to 20% and this premium will get less the more you buy.
The In Gold We Trust is an Online Junk Silver and Gold Calculator that gives easy up to the minute silver dollar values, prices on all junk silver coins as well as scrap gold prices and the value of gold coins
Junk Silver Coin - Silver Content (ounces)
Dimes
Seated Liberty 1837-1852 0.07726
Seated Liberty 1853-1873 0.07205
Seated Liberty 1873-1891 0.07234
Barber Dime 1892-1916 0.07234
Mercury Dime 1916 to 1945 0.07234
Roosevelt Dime 1946-1964 0.07234
Quarters
Barber Quarters 1892-1916 0.18084
Standing Liberty Quarters 1916-1930 0.18084
Washington Quarters 1932-1964 0.18084
Half Dollars
Barber Half Dollar 1892-1915 0.36169
Walking Liberty Half 1916-1947 0.36169
Franklin Half Dollar 1948-1963 0.36169
Kennedy Half Dollar 1964 0.36169
Kennedy Half Dollar 1965-1969 0.14789
Silver Dollars
Trade Dollar 1873-1885 0.78761
Morgan Dollar 1878-1921 0.77343
Peace Dollar 1921-1935 0.77343
To calculate the value of each coin get the current silver price from the website linked below and then multiply that by the silver content in each coin. So for example if the Silver Price is $16 then the value of a Morgan Silver Dollar is 16x0.77343=$12.37.
Remember that when you go and buy these coins the dealer may quote the price in terms of "face" (i.e. face values) in the above example he might quote you 12.3 times face. It is always handy to know the spot price of any coin before buying it so you know how much premium you are paying. For these kind of coins in small amounts it is not unreasonable to pay up to 20% and this premium will get less the more you buy.
The In Gold We Trust is an Online Junk Silver and Gold Calculator that gives easy up to the minute silver dollar values, prices on all junk silver coins as well as scrap gold prices and the value of gold coins
Wednesday, February 17, 2010
The Gold to Silver Ratio
The Gold to Silver Ratio is the number of silver ounces that you can buy with one ounce of gold. Today's gold price $1106 and the silver price is $15.89. 1106/15.89 giving a gold to silver ratio of 69.60.
Why is this Important?
The gold to silver ratio has only ever been as high as 80 and as low as 17. If you believe that the price of gold and precious metals is on the up then the potential for silver to rise at a greater rate than gold is very high as the potential for the gold to silver ratio is more likely to go down than up considering how far it is from its historical low.
Also consider that as more people move into precious metals and the gold price goes up then it becomes less and less accessible to the general public as it becomes more expensive - leaving silver as the next best option. Thus fueling a slide down in the gold to silver ratio.
In Gold We Trust is an online coin bullion and scrap gold calculator that offers up to the minute valuations on all your gold coins, junk silver coins , scrap gold and so on
Why is this Important?
The gold to silver ratio has only ever been as high as 80 and as low as 17. If you believe that the price of gold and precious metals is on the up then the potential for silver to rise at a greater rate than gold is very high as the potential for the gold to silver ratio is more likely to go down than up considering how far it is from its historical low.
Also consider that as more people move into precious metals and the gold price goes up then it becomes less and less accessible to the general public as it becomes more expensive - leaving silver as the next best option. Thus fueling a slide down in the gold to silver ratio.
In Gold We Trust is an online coin bullion and scrap gold calculator that offers up to the minute valuations on all your gold coins, junk silver coins , scrap gold and so on
Monday, February 15, 2010
How and Where Can I Sell My Gold Jewelry
Over the last few year we have seen a meteoric rise in the price of gold and equally a rise in the number of people looking to take advantage of this by cashing in their old jewelry. Daytime TV seems jam packed with infomercials encouraging us to part with our rings and necklaces or you may have received invitations from friends to come to their gold party where your jewelry is valued on the spot and you are offered a price there and then. But are these parties or mail in cash for gold companies the best and only real way you can sell your jewelry. This article seeks to outline some options you have in selling your jewelry and what information you might need.
Whichever way you decide to sell your gold jewelry it is important for you to know what the value of your gold is. The first thing you will probably realize is that when you originally bought your gold ring or necklace it had a huge mark up. For example a ring that may cost over $1000 retail may typically only have around $100 of gold in it. If you mail your gold in to a cash for gold company or sell it at a gold party, the purchaser is only interested in the gold content of your jewelry and is not going to turn around and sell it as a ring or necklace. Your gold is therefore referred to as scrap gold.Typically operators will get a bulk lot of scrap gold together and ship it off to a gold refiner where it will be melted back down to pure gold - so you really need to establish first of all what is the gold value of your items. If you know the karat value of your gold jewelry and its weight then you can easily find out the current value by going to sites such as the one in my signature which will easily calculate the value of your scrap
Once you know the scrap gold value of your items it will be easier for you to get the best price for your gold. It is highly unlikely that mail in cash for gold companies or gold party companies are going to give you the best deal for your scrap gold. I mentioned earlier that they will ship off the scrap gold t the refiner who will melt it down to pure gold. The refiner takes a 5-10% cut for his efforts then the company need to cover its over heads and make a profit leaving a lot less to be paid to you for your gold jewelry. Luckily these are not your only options.
The best option would be to try to sell it as second hand jewelry rather than as scrap gold. eBay is a great place for this and selling can be fun!!! Taking the time to open an account and taking a picture of your gold ring may mean the difference between you getting $80 as scrap gold or getting $300 by selling it as second hand.
If you don't have any luck selling it as second hand jewelry don't worry - there are many ways for you to sell it yourself as scrap gold - remember for every person looking to sell their gold jewelry there are many people looking to invest in gold and buying scrap gold can be an attractive way for them to do that.
- eBay is once again a great way to do this - you just need to advertise it as scrap and know the karat value and weight. You are more than likely going to get the spot gold value or higher for it.
- You could also advertise it on craigslist - there are many individual private buyers of scrap gold who frequently scour craigslist for good deals. Because you do not have to pay any fees you could offer 95% of spot value and still be doing much better than other avenues.
- Your local coin dealer or second hand jeweler will also probably but it from you. Yes they will also send it off to the refiner but they are in a better position to give you a better price as their overheads are lower (they probably have not had to pay some B Movie Star or Soap Actor to appear on an infomercial!!!)
The In Gold We Trust Coin Coin, Bullion and Scrap Gold Calculator is a website offering information on buying and selling and collecting gold and other precious metals. The Scrap Gold Calculator will calculate the price of all your gold coins, silver coins, bullion and scrap gold.
Whichever way you decide to sell your gold jewelry it is important for you to know what the value of your gold is. The first thing you will probably realize is that when you originally bought your gold ring or necklace it had a huge mark up. For example a ring that may cost over $1000 retail may typically only have around $100 of gold in it. If you mail your gold in to a cash for gold company or sell it at a gold party, the purchaser is only interested in the gold content of your jewelry and is not going to turn around and sell it as a ring or necklace. Your gold is therefore referred to as scrap gold.Typically operators will get a bulk lot of scrap gold together and ship it off to a gold refiner where it will be melted back down to pure gold - so you really need to establish first of all what is the gold value of your items. If you know the karat value of your gold jewelry and its weight then you can easily find out the current value by going to sites such as the one in my signature which will easily calculate the value of your scrap
Once you know the scrap gold value of your items it will be easier for you to get the best price for your gold. It is highly unlikely that mail in cash for gold companies or gold party companies are going to give you the best deal for your scrap gold. I mentioned earlier that they will ship off the scrap gold t the refiner who will melt it down to pure gold. The refiner takes a 5-10% cut for his efforts then the company need to cover its over heads and make a profit leaving a lot less to be paid to you for your gold jewelry. Luckily these are not your only options.
The best option would be to try to sell it as second hand jewelry rather than as scrap gold. eBay is a great place for this and selling can be fun!!! Taking the time to open an account and taking a picture of your gold ring may mean the difference between you getting $80 as scrap gold or getting $300 by selling it as second hand.
If you don't have any luck selling it as second hand jewelry don't worry - there are many ways for you to sell it yourself as scrap gold - remember for every person looking to sell their gold jewelry there are many people looking to invest in gold and buying scrap gold can be an attractive way for them to do that.
- eBay is once again a great way to do this - you just need to advertise it as scrap and know the karat value and weight. You are more than likely going to get the spot gold value or higher for it.
- You could also advertise it on craigslist - there are many individual private buyers of scrap gold who frequently scour craigslist for good deals. Because you do not have to pay any fees you could offer 95% of spot value and still be doing much better than other avenues.
- Your local coin dealer or second hand jeweler will also probably but it from you. Yes they will also send it off to the refiner but they are in a better position to give you a better price as their overheads are lower (they probably have not had to pay some B Movie Star or Soap Actor to appear on an infomercial!!!)
The In Gold We Trust Coin Coin, Bullion and Scrap Gold Calculator is a website offering information on buying and selling and collecting gold and other precious metals. The Scrap Gold Calculator will calculate the price of all your gold coins, silver coins, bullion and scrap gold.
Eric King Interview with James Dines
In Gold We Trust is an online gold and silver calculator that gives up to the minute valuations of all scrap gold, junk silver coins, gold coins values etc
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