Gold Oceanside: Expectations vs. Reality

Before you go out and pawn your heirloom jewelry, it is important  to learn how to buy gold and whether or not it is worth it. The first thing to know is the market value and what gold is actually trading for. After all, precious metals are commodities and like stocks the prices fluctuate. However, keep in mind that at any given time, gold can be a "safe haven" investment, and works like a hedge against inflation. This is a good diversification move and can hedge against a poor economy.

Gold make an outstanding addition to an investment portfolio, and has specific attributes that offer value in unstable economy. This is because it is highly liquid and potentially profitable in better financial times. According to commodities industry data, gold comprises five parts per billion of the entire earth's crust. For this reason it is hard to find and extract, making in more valuable and desired.

Pawn shops in Oceanside like Gems N' Loans have been buying and selling, offering fair market value on jewelry, coins and bullion.

Where To Buy Gold Coins in Oceanside

How to Locate a Reputable Coin Dealer

These days there is an abundance of coins on the market that are genuine, and occasionally there are some fakes and replicated coins that turn up. You need to know that the dealer you consult with is legitimate and been in the business for some time. a coin dealer's financial stability is a good indicator of the likelihood that he'll be around for a long time and financially able to provide recompense.

A good way to determine the safety of a dealer, would be to verify that they are vetted by their peers before being permitted to join a guild, or sell openly by the public. If a coin dealer has a bad reputation, or isn't respected by their own community, they are probably not a good choice to do business with.

Gems N’ Loans Coins Center of Oceanside has been doing business for 25 plus years, and is well known in the community with many satisfied customers. Now that we have out of the way, let’s talk about what to look for!


Go here to find out or call!

A Coin Exchange on Pacific Coast Highway

The Best Thing About Coin Dealers

There are two major categories of coin dealers the retailer, and the wholesaler that aggressively seeks to bring new material into the marketplace, and often attends coin shows, local auctions, and runs advertising offering to buy coins. Most of this material is sold in bulk lots to retail-based dealers.

One of the best ways to prepare yourself for the seasoned coin dealer, would be to know the wholesale prices he or she pays for their coins. A commonly used standard in U.S. coins is the Coin Dealer Newsletter, this is printed on grey paper and comes out weekly.

A buyer needs solid information on which to base their calculations of what to pay. An inventory is usually a starting point for discussion. It doesn’t mean the dealer doesn’t want to see what you have. He will ask if and when you are ready for the next step.

Learn more here

Gems N' Loans Coin Center

Why Invest in Coins?

Coins show some impressive returns historically. Here we provide answers to why coins have returned over 15 % annually in the last 10 years and are recognized as a top alternative investment comparable with fine art, classic cars and stamps.


At the Coin Center in Oceanside, the price of a coin is driven by supply-demand economics. As the supply of investment grade coins is fixed and demand is increasing prices are bound to go up in the long term.


Coins are price stable medium to long term when compared to other investments. This is simply because demand is increasing, most recent with added interest from BRIC countries.


Learn more here!

WHAT IS A TROY OUNCE?

Coin Trivia Only At Oceanside Coin Center

THERE ARE 2 KINDS OF OUNCES---TROY AND AVOIRDUPOIS

(FOOD OUNCE)

THE AVOIRDUPOIS OUNCE CONTAINS 28.35 GRAMS.  IT IS THE STANDARD UNIT OF MEASUREMENT FOR FOOD AND OTHER BULK ITEMS.

THE TROY OUNCE CONTAINS 31.1 GRAMS.  IT IS THE STANDARD FOR

ALL PRECIOUS METALS (GOLD, SILVER, PLATINUM, PALLADIUM, ETC., AND FOR THE SPOT PRICES YOU CAN GET DAILY ON THE INTERNET.  THAT SPOT PRICE IS FOR ONE TROY OUNCE OF THE “PURE” (.999) METAL.

Coins that are circulated typically do not contain either pure metal (.999)

or weights that are troy ounces or fractions of a troy oz.

   Bullion coins may not be .999 but they will generally have enough 

Of the metal to equal the troy weight stated  on the coin.

EX: The American gold eagle (1oz) weighs 33.933 grams and contains

31.1 grams of .999 gold.  After the alloy metal is added you have 33.933

Ounces of .916 (22karat) gold.

UPDATE:  I FOUND THE TWO ROOSEVELT DIMES I NEEDED AFTER LOOKING THROUGH  22 TUBES OF DIMES—THEY WERE BOTH IN THE SAME TUBE!  

Learn more!

Best Explanation From Coin dealers in Oceanside

WHAT AND WHEN IS AN EAGLE AN EAGLE?

THERE ARE 2 CLASSES OF EAGLES—CIRCULATED AND NON-

CIRCULATED (BULLION).

The typical gold coins we see that were circulated were minted

From 1877 TO 1933—WHEN THE U.S. WENT OFF THE GOLD STANDARD (STOPPED MINTING GOLD COINS FOR CIRCULATION). 

The “LIBERTY TYPE” WAS MINTED IN $20 (DBL EAGLE),  $10 (EAGLE), $5 (HALF EAGLE) AND $2.50 (QUARTER EAGLE.) The “LIBERTY TYPE” Features the bust of Lady Liberty  facing to the right and an Eagle on The reverse side. These were minted from 1877 to 1907.

The “ST. GAUDENS” (NAMED FOR THE DESIGNER) TYPE FEATURES ($20) double eagle features Lady Liberty walking toward the

The front.  These were minted from 1907-1933.

From 1907 to 1933  there was an $10 (EAGLE) with an INDIAN HEAD, A $5 (half eagle) and a quarter eagle (2.50) with Indian head (1908-

1929)

There was also a $1 gold coin –Liberty Head (1841-1854—Indian

Princess (1854-1856) and Indian Head (1856-1889).

The above coins were all 21.6K gold (90%).  They gold content

does not fall on the now standard 1 Troy ounce, 1/2, 1/4, etc.

For example, a Double eagle Has 30.0933 grams of pure gold 

(.9675 Troy ounce.   A new “bullion” Eagle has exactly 31.1033 

grams of gold—an exact troy ounce.

All of the above have collectible (Numismatic) value or Premium

above the spot price.

BULLION EAGLE

These are gold coins that have exactly 1 oz, ½ oz, ¼ oz, 1/10 oz 

and 1/20 oz of pure gold.  They are 91.6% gold (22k) but each coin 

weighs more than its stated gold content to account for the alloy in it.

     EX: A 1oz eagle actually weighs a total of 33.933 grams.

These coins are minted as BULLION—They are not put into circulation. The 1oz "Eagle" has "50 dollars on the coin, but it is typically priced at Gold Spot + a premium from $40-$60. The “eagle” features “Walking Liberty” on the front and an Eagle landing in a nest that already has another eagle in it.

Learn more!

  

Oceanside Coin Trading Vernacular

Coin Collectors Words to Use

SPOT - The price of a precious metal per troy ounce (31.1 Grams) established by the major metals trading centers of London, New York and Asia/Pacific. By downloading KCAST you can have the most current spot prices on your task bar. Download KCAST by following this link.

NUMISMATIC - means "has to do with currency and coins.

NUMISMATIC VALUE -  is the premium above spot for a "collectible" coin.

No progress on "The Search for the Silver Dimes in our Haystack!" but I have looked through 20 more of the dime tubes.

 Learn more here!

The Search for the Silver Dimes in our Haystack!

Hey there, this is John from the Gems N' Loans Coin Center in downtown Oceanside, California at 520 N. Coast Hwy, Suite #102.

We have a “blue” book here filled with all the silver Roosevelt dimes (circa 1946-1964) except the 1955 Philadelphia and the 1963 Philadelphia. I am currently looking through the haystack (our “haystack” is 36 coin tubes filled with silver Roosevelt dimes, for a total of about 1700 dimes). I hope that in all of those tubes I will be lucky enough to find the two we need to complete the book. 

So far, I have gone through about six tubes containing over 300 dimes and I keep seeing 1964 D dimes, the last year they made the dimes out of silver, which are from the Denver mint.

You can find me here at Gems N' Loans Coin Center, five days a week continuing the search for the silver dimes in our haystack! Wish me luck! 

Find The Best Coin Deals in Oceanside

How to Recognize a Good Coin Dealer

There are two major categories of coin dealers the wholesaler and the retailer. The wholesaler aggressively seeks to bring new material into the marketplace, and often attends coin shows, local auctions, and runs advertising offering to buy coins. Most of this material is sold in bulk lots to retail-based dealers.

One of the best ways to prepare yourself against the knowledgeable coin dealer is knowing the wholesale prices he pays for his coins. A very commonly used standard at the U.S. coins is the Coin Dealer Newsletter, which is printed on grey paper and comes out weekly.

Learn more here!

Buy Gold & Silver Coins Along the Pacific

 What is a Coin Exchange Dealer

Becoming a coin dealer is not something you pursue by taking a particular curriculum in school. On the staff of my companies we have employees with college majors of accounting, history, economics, natural resources and physical education.Gems  N' Loans Coin Center also has senior employees who are fully knowledgeable of the industry. If you are buying coins, especially for investment purposes, you will want a knowledgeable, reliable coin dealer who can give you accurate and meaningful advice. 

We buy and sell gold coins and silver coins, at the fairest market value today. We are an Oceanside based coin dealer offering fair pricing and accurate grading. We also buy gold, silver and most precious metals.

Learn more here!