The post You can make a mint from gold – to coin a phrase! appeared first on EzyCash Gold Buyers.
]]>
Since the earliest of times man has found uses for gold for both ornamental and religious purposes but also as a representation of wealth.
In more recent history – gold was used a currency and means of exchange between nations.
Current use of gold is split nearly 50/50 between jewellery vs investments and industrial use and its history as coinage has helped gold maintain appeal as an investment.
The first know gold coins were in use in Asia Minor around 600BC and gold coin became a popular European currency from the 14th century.
It was during the industrial era that bills (or cheques) gained popularity representing a face value redeemable in gold – which remained in the bank.
The value of gold is based on its purity. Pure gold is rated as 24 carats (k) and coins generally have another metal added to aid coin hardness which dilutes this purity. English gold crowns coins, which circulated from 1526 and into the 1930s were a standard 22k and American gold coins minted in the early 1800’s had a purity of 21.6k.
Today, gold coins for investment or collector purposes don’t get handled so much (they are certainly not seen in tip jars around town!), so they are minted at 24k. There are a few exceptions but it is the Special Issue Canadian Gold Maple Leaf coin that has the highest purity at 99.999%.
Some gold coins you could find under the sofa cushions;
- Special Issue Canadian Gold Maple Leaf gold coin 24k 99.999%
- Canadian Gold Maple Leaf gold coin 24k 99.99%
- American Buffalo 24k 99.99%
- American Gold Eagle 22k (0.92)
- British gold sovereign 22k (0.92)
- South African Krugerand 22k (0.92)
If you do happen to find one of these coins under the sofa cushion, you may try to do what was an old tradition of biting a coin to check if it was genuine.
An early form of counterfeiting was to cover a lead “coin” in gold plate to pass it off as a full value gold coin. If the coin was a fake – the bite test would leave a clear indentation. A more professional test of the time was to cross check the weight of the coin against its size by passing the coin through a narrow slot.
At EzyCash GoldBuyers –you will be pleased to hear that you don’t need to worry about us breaking our dentures biting your gold coin to check its authenticity – we will use our fandangled analysis machine to do a quick, spit free and accurate test – and ensure you get the best possible price for your gold coins.
The post You can make a mint from gold – to coin a phrase! appeared first on EzyCash Gold Buyers.
]]>The post Gold and Silver Buyers appeared first on EzyCash Gold Buyers.
]]>Did you Know??
- The term “gold” is the from the Proto-Indo-Europeanbase ghel / ghol meaning “yellow”, “green”, or possibly “bright”.
- The chemical symbol for gold is AU, from the Latin word aurum meaning “shining dawn” and from Aurora, the Roman goddess of the dawn. In 50 B.C., Romans began issuing gold coins called the Aureus and the smaller solidus.
- Did you know that Gold melts at 1064.43° Centigrade. It can conduct both heat and electricity and it never rusts.
- Did you know that all the gold ever mined by man since the dawn of time would fit into 2 olympic swimming pools.
- Did you know that the biggest miner and producer of gold is now China, overtaking South Africa, which has for years been the world leader of Diamond and Gold mining.
- Did you know that in terms of raw material there is about twenty times more silver than gold, but in terms of metal reserves Gold globally has about 1.2 billion ounces where as silver only has about 200 million ounces.
- Gold has always been admired by humans and its use can be traced as far back as the bronze age 5000 years ago.
- Gold is so pliable that it can be made into sewing thread. An ounce of gold can be stretched over 50 miles.
- The value of gold has been used as the standard for many currencies. After WWII, the United States created the Bretton Woods System, which set the value of the U.S. dollar to 1/35th of a troy ounce (888.671 mg) of gold. This system was abandoned in 1971 when there was no longer enough gold to cover all the paper money in circulation.
- The world’s largest stockpile of gold can be found five stories underground inside the Federal Reserve Bank of New York’s vault and it holds 25% of the world’s gold reserve While it contains more gold than Fort Knox, most of it belongs to foreign governments
- Carat weight can be 10, 12, 14, 18, 22, or 24. The higher the number, the greater the purity. To be called “solid gold,” gold must have a minimum weight of 10 carats. “Pure gold” must have a carat weight of 24.
(facts provided by http://facts.randomhistory.com/2009/03/09_gold.html)
There are many interesting facts about Gold & Silver, one thing we do know for sure is thatGold prices are at an all time high ever in history. What better time to sell your old broken, scrap or out of style gold jewellery to Ezy Gold buyers, we promise to pay the best price on the day and you will receive Cash in hand (no cheques or bank transfers) just a good old fashioned deal.
Call EZY GOLD BUYERS TODAY 09 570 1511
The post Gold and Silver Buyers appeared first on EzyCash Gold Buyers.
]]>The post Sell Old Silver Coins appeared first on EzyCash Gold Buyers.
]]>We will also take a look at silver coins from other countries.
Maybe you’ve stumbled across some old silver coins but you’re not sure about what kind of silver coin they might be. Here’s a tip about identifying silver coins from home before bringing them in to EzyCash Gold Buyers’ Panmure store.
A good place to start is a website set up by a man named James Bucki who obviously has a real love for silver coins and has an enormous silver coin collection. The site is called ‘Coins on About’.
There are about 25,000 photos of coins from more than 400 countries on the site that James Bucki has slavishly scanned and catalogued. You just enter what country your silver coin is from in the menu box to view all the listings and photos. If you find your silver coin you can just click on the image to get more information about it and a potential value.
Then bring the silver coin us at EzyCash Gold Buyers in Panmure, Auckland. We buy old silver coins, silver bullion, silver jewellery, silver ingots as well as gold, diamonds and luxury watches. And we pay a top cash price.
The post Sell Old Silver Coins appeared first on EzyCash Gold Buyers.
]]>The post Mining Gold and Silver isn’t an Easy Job appeared first on EzyCash Gold Buyers.
]]>In April last year the price of silver peaked at US$49 a troy ounce. Currently the spot price of a troy kilo of silver is around NZ$1214 – an increase in the silver price of over 100% cent in the past five years.
This increase in the price of silver is due to a shrinking supply of silver around the world. And this silver supply is set to shrink slightly further due to an announcement by the Mining Health and Safety Administration in the US. The Administration has ordered the temporary closure of the silver shaft at the Lucky Friday silver mine in Mullan, Idaho.
The silver mine, owned by Hecla Mining Company, will be closed for maintenance and cleaning until early 2013. Over time, sand and concrete material has built up in the silver mine and must be removed by power cleaning to prevent future hazards.
After the announcement the silver miner’s share price dropped 21% which lead to fund managers speculating that Hecla, the United States’ largest silver supplier, could be vulnerable to takeover bids.
It’s estimated that an inability to mine silver from Lucky Friday will lessen the companies’ 2012 silver output by about 25%, from 9 million ounces of silver to 7.5 million ounces of silver.
According to the company the financial impact of the silver mine closure will be minimal but it will delay the mining of higher grade silver that sits deeper in the silver mine.
Jobs will also be affected with 200 employees potentially out of work. Hecla hoped that around 50 workers will be transferred to it’s other major silver mine in Alaska and to two silver exploration sites in Colorado and Idaho.
It’s not the only disruption to the mining of silver and gold around the world either. In Kyrgyzstan (a mountainous country near Kazahkstan), drilling for a new gold mine was suspended after an arson attack on the gold mining company’s geologist camp by horsemen wielding sticks and petrol bombs.
The conflict has since been resolved with an agreement signed between the gold mining company and local villagers. Once the gold mine is operational and jobs are created, locals will be given priority, and land-owners will be compensated for any damage that may occur.
Whatever happens in the world of gold and silver, you can be assured that EzyCash Gold Buyers will give you a top cash price for gold jewellery and silver jewellery, all kinds of broken or scrap silver and gold as well as luxury watches and diamonds. Bring it in for an expert evaluation to our store in Panmure, Auckland.
The post Mining Gold and Silver isn’t an Easy Job appeared first on EzyCash Gold Buyers.
]]>The post Gold Coins in the Sea and Gold Coins in the Roof appeared first on EzyCash Gold Buyers.
]]>
In a previous blog, we recommended combing the ocean depths for gold in sunken ships.
We even referenced the case of an American salvage firm going up against the Spanish government over the ownership of
gold found amongst a shipwreck off the Portugese coast. Since writing that blog, the Spanish have won the argument and 17 tonnes of gold and silver (including 594,000 gold coins) recently arrived in Madrid aboard two military planes.
Will it be enough gold to solve the Spanish debt crisis?
Perhaps not, but it’s a substantial gold windfall nonetheless.
As for encouraging you to search bodies of water for gold (among shipwrecks in oceans and panning for gold in rivers), we at EzyCash Gold Buyers have a new suggestion:
Try looking in your attic.
In a completely bizarre twist to a building renovation, a group of workers have had gold coins literally rain down on them while labouring for a champagne producer in France. One of the workers was attacking the ceiling with a crowbar when gold coins started pouring out, followed by sacks of gold.
The gold coins, minted between 1851 and 1928, have a face value of around 15 euros each.
Experts estimate that all the gold coins are now worth around 750,000 euros.
The owner of the company, Francois Lange, said that he would keep half of the profits himself and the other half would be shared amongst the workers that discovered the gold coins.
Just as the case of the sunken Spanish ship had many twists and turns, this doesn’t look to be cut and dried either. The building was previously owned by another winemaker in the 1930s and what are the odds that over $1 million of gold coins will go unclaimed?
If that claimant is you, bring the gold into EzyCash Gold Buyers in Panmure, Auckland for an expert valuation and a top cash price. We also buy gold jewellery, broken gold and scrap gold as well as silver, diamonds and luxury watches. Bring yours in today.
The post Gold Coins in the Sea and Gold Coins in the Roof appeared first on EzyCash Gold Buyers.
]]>The post Another Slight Dip in the Price of Gold appeared first on EzyCash Gold Buyers.
]]>Recently the price of gold has softened slightly due to three factors:
The strengthening of the US dollar, slower than expected economic growth in China and a potential decline in gold demand in India.
EzyCash Gold Buyers keeps a close eye on the price of gold so they can give you a top cash price for your unwanted gold. Bring in broken gold, scrap gold, gold jewellery and more to their store in Panmure, Auckland. With their knowledge of the price of gold and the gold market, they can give you an expert valuation on your gold and a top cash price.
Despite the US experiencing high levels of debt and a generally gloomy economic outlook, the dollar continues to strengthen. This is partly due to a slowdown in China’s economic growth which in turn has put commodity prices (such as the price of gold) under pressure. And when the price of gold goes down, the US dollar often goes up, and vice versa.
China is the world’s second largest consumer of gold. Earlier this year the Chinese government downgraded it’s growth expectations to about 7.5% and with the economy slowing down, this will decrease China’s ability to buy gold.
India is the only country that tops China in its demand for physical gold but economic factors also look to curb their population’s desire for gold. They have recently proposed to lift gold import duties to 4%. This will no doubt have an impact on the demand for gold jewellery if the import tax on gold is lifted.
At time of writing the price of gold was hovering at around US$1648 per troy ounce.
Things are looking positive for the silver market with silver retailers reporting a consistent increase in the price of silver year after year. In fact, jewellers in the US had an increase of 25% in sales of silver jewellery in 2011.
Bring in your unwanted gold or silver to EzyCash Gold Buyers in Panmure, Auckland and help to pay off debt when you receive a top cash price.
The post Another Slight Dip in the Price of Gold appeared first on EzyCash Gold Buyers.
]]>