Archive for February 7th, 2013

In Pursuit of Gold

Before the days of selling coins and Grandmas jewelry, gold has been a treasured and valued commodity. Gold has been inspiring and spoiling mankind for hundreds, if not thousands of years. The Incas referred to gold as the tears of the Sun, and as far back as 3100 B.C. during the first Egyptian dynasty, there is evidence of gold being valued in trade and treasured. Several hundred years later in Egypt, the first gold treasure map was created. Today this document, on pieces of papyrus, resides in an Italian museum. The accidental founder of America, Christopher Columbus, was actually in pursuit of gold on his trans Atlantic voyage. Hundreds of years later in 1848, the pursuit of gold and the lure of the riches it could provide led many men westward. Desperate to uncover their own personal riches, approximately 300,000 people embarked on what we now refer to as the California Gold Rush.

Selling coins and gold has always had a decent return on investment, although today, selling coins is even more profiable. In the days of the forty niners, one ounce of gold was valued at $20.67. The average monthly salary back then was in the $10 range, so you can imagine the potential cash windfall an ounce or two of gold and selling coins could provide. Similarly, today, the value of gold has skyrocketed and has the potential to save a persons financial rainy day. Today, one ounce of gold can earn its owner nearly $1,700, and therefore selling coins can prove to be quite lucrative. In 2000, the average price for an ounce was $300. Thirty years before, gold garnered a mere $35 per ounce. This significant increase is encouraging many people to sell coins and sell estate jewelry to antique jewelry buyers and coin dealers MA. Selling coins has risen in popularity because many people have gold and silver in their house that they no longer find any sentimental value in, thus, they are searching for where to sell sterling silver and gold. Helpful sites.