News Durham | Gold and Silver Buyers News

For many coin collectors, selling and buying expensive metals with reliable dealers has completely saved them from agitation. Most of the time these dealers have a secured mailing service.

However, if you are going to liner your gold coins or other precious metals or valuables by mail, it will make you concerned, fretful, and awkward until the receiver has conclusively confirmed that he has received the pieces safe and sound. Following are pointers on how securely deliver valuables through parcels including your precious gold coins:

Tip Number 1 – Discover Your Gold Coin Value

Before you visit the post office adjacent to you, you should first ascertain the value of your gold coins. You may check the value of your gold coins either online or by visiting a trustworthy coin dealer.

Tip Number 2 – Make Your Packing List

Making a packing inventory will help you keep your sanity especially if you are sending several orders. Also, it will help you in managing your items effectively. What you need to include in your list are your name, contact number, mailing address, and the complete list of listings. Construct two document copies. For yourself and the one to, you will be sending the valuables.

Tip Number 3 – Select The Category of Delivery Mail Appropriate For Your Items

You can select a flat rate box which allows you to ship anything that fits into the box for a fixed price, anywhere in the US but it should not weigh over 70 pounds. This kind of priority mail is best if you are about to transport more than two coins. But if you are shipping only one or two coins, it is better to go for first-class mail.

Tip Number 4 – Protect Your Pieces and Get a Coin Holder

Coins should be handled with additional care and they should be shipped in a coin holder. This will protect coins from possible scratches and damage. After securing your items, enclose the coin holder with bubble wrap.
Place them into your box and label them correspondingly. Better if you could put the order confirmation if you have sold them online. Include also a note on how to handle the piece.

Tip Number 5 – Insure Your Package

Once you’re in the post office, inquire if the parcel you have selected includes an insurance fee. Although, most registered mails include insurance, better be sure and double-check.

Tip Number 6 – Do Not Disclose The Items And Use Codes

When shipping gold coins or any valuable pieces, you should never put a sign or hint on the outside of the package that you are sending something posh or precious. Instead of stating that you’ll be sending gold or silver, you can use initials to cloak the items. If sending gold coins write G C.

Tip Number 7 – Comprehend the Schedule of Delivery

Always confirm the schedule of delivery so that you will know when to anticipate the delivery to reach the recipient. Registered mails usually take slightly longer than regular mail but they are the most secure method of mailing valuables.

Tip Number 8 – Keep All Receipts and Documents

Keeping all receipts and other documents will not only serve as proof of mailing but also protection if something happens to your package. Besides, if this is your business or frequently ship gold coins, you may want to keep an online database.

Without a doubt, shipping gold coins and other valuable pieces via mail is the most expedient way of delivering pieces to your customer, family, or friend. Following these steps will guarantee you secured shipping employing post. Cheers!

https://www.youtube.com/watch?v=_xLI0U06G-Y

Who should buy gold and what percentage should you buy? Not everybody is in a financial place to buy gold. If you are living from paycheck to paycheck, then gold is not for you. If you have some discretionary money that is not earmarked for anything, then you should consider buying some gold and silver. If you are retired and you have wealth that you want to protect, you should buy gold. What percentage should you put into gold? Generally, portfolio managers for years have recommended between 10% and 20% of your total net worth into precious metals. But now, in the middle of 2010, with the economy of the United States completely collapsed, the banks melting down, and the immediate future of the country hanging by a thread, the percentages have changed. The rule now is that whatever you don’t want to lose, you should put it into gold and take possession of it.

So, if you are retired and have substantial wealth or if you want to protect the wealth you have already accumulated, don’t leave anything in financial institutions that you can’t afford to lose. Another general recommendation is that, of the precious metals that you have in your possession, 90% should be in gold, because that is your core of wealth, a very compact store of value. And 10% should be in silver for barter. They each have their purpose: gold is for wealth preservation and silver is for barter. We will cover silver later.

Gold Coins To Avoid – Bullion And Foreign Gold Coins

Here is a little lesson on how to buy gold. There are two ways to buy gold: gold bullion and semi-numismatic U.S. gold coins. When most people think of gold bullion they think about the big bars of gold in Fort Knox. The most common form of bullion today is the one-ounce gold coins, like the American Eagle, the Canadian Maple Leaf, the South African Krugerrand, the Austrian Philharmonic, the Mexican Pesos, the Chinese Panda, etc. These coins are all coins of the realm, but they have never been circulated as legal tender in any of the countries from which they came.

Also considered bullion are any foreign gold coins that have been legal tender in their respective countries, like the British Sovereign, the Swiss Franc, the French Franc, the Finish Markkaas, the German Marc, etc. These coins, regardless of their age or condition, are also considered bullion in the eyes of our government. Why? 49 countries around the world allow their citizens to hold their own countries’ numismatic gold and silver coins without fear of confiscation if they are in good enough condition to be considered collector items. It is a way to preserve the country’s history in coin form. But they do not exempt other countries’ old gold or silver coins, just their own. America is no different. In the United States, our government only exempts old U.S. gold and old and silver coins, not foreign coins.

To buy Gold and silver locally in Durham Region look to Durham Precious Metals.

Most of the people who buy bullion coins are speculators, people who buy it cheaply, and when gold goes up, they quickly sell it and make money. My clients are not speculators. They are interested strictly in wealth preservation. The worst part about bullion, however, is that it is confiscated. The government can take it any time they want, and it will pay you $50 an ounce in paper money for every ounce they take from you. The $50 face value is stamped right on the face of the coin, and that is why it is there.

Let this Introduction to Gold show you why

An introduction to gold should explain why one of the least understood concepts or commodities in our Western society is gold and precious metals. In almost every country in the world, gold is revered, prized, and sought after. Throughout history, a king’s or a country’s wealth was measured in the amount of gold in his storehouse or treasury. Look at the Asian countries…India…ancient Egypt…the Spanish conquest for gold in the New World…the Aztecs…the many storied sunken ships full of gold coins over the centuries. A person’s wealth is measured in terms of how much gold he or she possesses. As an introduction to gold, central banks around the world hold tons of gold in their vaults as a backing for their paper currency. The Euro is currently backed by 15% in gold, and they are talking about possibly increasing it to 30%. The Federal Reserve has tons of gold in its vaults. But of course, that is not government gold, it is private gold. Gold has maintained its purchasing power throughout its 5,000-year track record, as the world’s only monetary metal. Gold is financial security. For years, portfolio managers have recommended a minimum of 10% to 20% of one’s total net worth in gold as a hedge against inflation or as a safety net if our paper money system collapses.

 

But why don’t we hear anything positive about an introduction to gold in the media? Why is it almost impossible to get any information about gold? Is there a conspiracy to withhold this information from the American public? Why is it important to own gold? Who should own gold? What kind of gold is best for me? What is the best place to store gold? How can I educate myself about gold and gold companies so I don’t get burned? Are there some general principles on how to buy gold? How can I avoid the scams or rip-off techniques of unscrupulous coin companies? Which companies are the worst scam artists? If you’ve been scammed by a coin company, is there any recourse? We will be answering all these questions and more in this paper. We will also tell a few tragic stories of people who, lacking a proper introduction to gold, have fallen into the hands of these gold company charlatans.

Check out Cash For Gold Oshawa for a reliable local vendor in Oshawa.

https://www.youtube.com/watch?v=sNnbZy_jv68