Coins of the Realm

Questions to Ask When Selling Your Gold

Gold-buying through mail and in person is an increasingly popular business, but many gold buyers, especially those who operate through mail, are often uncertified and may not match the value of your jewelry. Ask these questions to find a legitimate, knowledgeable gold dealer when you’re looking to sell your unwanted jewelry.

What will I be paid for my gold? 
If you have had the items appraised already, make sure the value offered is not substantially lower. You should also ensure that the buyer is aware of the current market price of gold, which changes regularly. Before each transaction, the buyer should check the current price using live, online precious metal quotes. Because the gold market is always changing and fast moving, you don’t want estimates or second-guesses. Your gold’s value will likely be quoted per gram or troy ounce.

How do you account for gems and diamonds? 
Some gold buyers will automatically deduct the weight of the stones from the value of the gold. Other buyers will remove diamonds from the jewelry and value those independently as well. An experienced dealer should be able to evaluate diamonds of all shapes and sizes.

Can you tell me more about your background with jewelry and your business history? 
A gold and jewelry dealer that has been in business for several decades is sure to have the necessary experience and qualifications to satisfy its customers. The business should also be a licensed, authorized dealer. Don’t be afraid to research gold buyers through the BBB or check out online customer reviews before visiting locations in person.  

If you want to sell gold jewelry in the Washington D.C. and Fairfax area, look no further than Coins of the Realm of Gaithersburg. We specialize in precious metals, coins, stamps, and jewelry for collectors and sellers. Call us today at (301) 340-1640 to learn more about our services. We've been in business since 1974 and have built an excellent reputation for accuracy and honesty. 

Download This App to Keep Track of U.S. Collectible Coins!

If you’re a serious coin collector, you have many items to manage. You probably have a system that allows you to keep track of what coins you have, but how to you keep tabs on the values of your coins when the market is constantly changing? With CoinBook Pro, you can have all the coin prices you need in your pocket.

This app allows you quick access to the prices for most U.S. coins, and it doesn’t require a connection to work. When you are online, you can even take in-app photos of your hard-to-identify coins for free identification and appraisal. 

Use this fantastic app to help you track the value of coins you purchase at Coins of the Realm of Gaithersburg. As an authorized stamp, jewelry, and coin dealer, we serve Washington D.C., Rockville, and Fairfax. Call us today at (301) 340-1640 to learn more about our merchandise and services.

3 Reasons to Consider Coin Collecting as a Hobby

Do you have a favorite hobby? Some people have hobbies that become too expensive to maintain, are physically demanding, or require a great deal of time. Coin collecting is a hobby that appeals to every need, offering an engaging outlet that does not put a strain on your wallet, your body, or your schedule. Not only is coin collecting a hobby you can adjust to fit your lifestyle, but it can also offer several personal benefits.

Social Engagement 
Coin collecting is a hobby that is accessible to everyone, so a new collector can expect to meet a wide variety of people in collecting circles. Building relationships with people of different ages, nationalities, lifestyles, and genders can enhance your understanding and appreciation of the world around you; plus, making new friends usually holds many emotional rewards. Coin collectors can travel with new friends and engage with new cultures as they attend coin collecting events.

Emotional and Financial Benefits 
Coin collecting can engender a sense of pride and accomplishment in collectors. The focus and commitment it takes to find and acquire a rare coin presents an intellectual challenge, and success can really encourage positive feelings and self-image. Coin collectors are also treated to the experience of constantly learning about the craft of minting and about world history as they seek rare, ancient, or historical coins. Keeping your mind engaged with an intellectual hobby like coin collecting is a great way to relieve stress. By carefully cultivating a coin collection, you may also discover a great find that you can then sell for a big return.

Healthy Aging 
The intellectual components of coin collecting help seniors maintain mental sharpness as they age. Furthermore, the social aspects of coin collecting help seniors foster social interaction and avoid isolation, a common factor in elder depression.

Are you interested in starting a coin, stamp, or jewelry collection? Coins of the Realm is your source for buying, selling, and grading gold and collectible artifacts. Our location serves the Rockville, Gaithersburg, and Washington D.C. areas. Call us today at (301) 340-1640 to learn more.

Read Through These Informative Articles to Learn More about Coin and Precious Metals Collecting

Whether you are passionate about precious metals or are interested in starting a coin collection of your own, rely on the following websites for helpful tips and knowledge:

• Read this article from The Chicago Tribune to learn about some of the benefits of collecting coins.
• Check out USMint.gov to get more information about collecting coins.
• Get a better understanding of the precious metal platinum by visiting this website.
• Check out Dummies.com to get a brief overview of how to decide what coins to collect.
• ABC News provides helpful tips for selling gold and other precious metals.

When you are ready to start collecting coins in Gaithersburg, come see us at Coins of the Realm. To learn more about collecting coins, contact us at (301) 340-1640 today.

What Precious Metals Are Common for Collecting?

If you are thinking about collecting precious metals, whether for financial reasons, sentimental reasons, or for a hobby, you should learn about the most commonly collected metals. Here is a brief look at four of the most popular and valuable precious metals:

Gold: Renowned for thousands of years for being one of the most stunning and valuable metals available, gold is the perfect metal for both beginning and more experienced precious metals collectors. Gold is widely used in jewelry and is also known for retaining value despite turbulent economic situations. Gold is also a good conductor of electricity and can be found in many electronics. Even dental offices find many uses for gold in dental restorations, like fillings. You can collect gold in the form of bars, jewelry, or coins.

Silver: Many people associate silver and gold with each other, although most recognize that gold is the more valuable metal. Silver is used in fine jewelry, ornaments, high-value tableware, medals, and coins. If you are interested in collecting coins yet have a limited budget, you might want to start by looking for silver coins, as they will be generally be less expensive than gold coins.

Platinum: This precious metal is known for its beautiful white sheen, high density, and durability. Platinum is one of the more expensive precious metals, and its value in collectable items can add an impressive element to any collection. Although platinum is a desirable metal used in fine jewelry, you can also find platinum coins to add to your coin collection.

Palladium: Investing in or collecting palladium can be a smart choice, especially since it is a rare and beautiful metal similar to platinum, although less expensive. You can invest in palladium in bullion coins or bars.

If you are looking to collect precious metal coins in Gaithersburg, come to Coins of the Realm. For more information about our inventory of coins and appraisal services, contact our team at (301) 340-1640 today.