What is OneGold?

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OneGold is a partnership between two of the world’s most notable precious metals businesses, APMEX and Sprott.

OneGold is a new company that is trying to make precious metals ownership easy, convenient and secure by offering new ways of investing in physical precious metals.

OneGold allows for incremental purchases of gold and silver bullion with a wide variety of payment options. The gold and silver bullion is stored in vaults that are managed by the Royal Canadian Mint.

Redemption of physical metals purchased through OneGold is done with APMEX.

10% return on your investment

With the current enrollment promotion, OneGold is offering a 10% return on your initial investment. When you Sign up for OneGold you will receive a $5 credit applied to your account. After funding your account with $100 you will receive an additional $5 credit.

Enroll in a OneGold account today and fund your account with $100 to receive an immediate 10% return.

Gold Jewelry as an Investment – 24k Gold Jewelry

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24k gold jewelry - 1 troy ounce bracelet

For centuries, gold has been prized and cherished for it’s luster and rarity. Gold has been used as currency for thousands of years. It has been melted, carved and poured into objects of desire. Gold jewelry has been produced for hundreds of years as a symbol of wealth. Gold has value.

So it makes sense that if you’re buying going jewelry you want to make sure that you’re getting your money’s worth. You want your investments to hold their value.

Purity of Gold Jewelry

Most common gold jewelry is made of 14k or 18k gold, which is a gold-alloy that is mixed with other metals to give it more durability and to reduce the cost. However, when purchasing gold jewelry at retail the prices that jewelers command is often several multiples above the intrinsic value of the metals.

For example, a simple 14k gold bracelet might weigh 3 grams and cost $200. The purity of 14k gold is only 58.83% gold. The remaining 41.17% is a mix of other metals.

The spot price of gold being around $41 per gram for pure .999 24k fine gold, the value per gram of 14k gold would be around $24 per gram. So the intrinsic value of a 3 gram 14k gold bracelet is only around $72. Yet has a retail price of almost three times the intrinsic value of the gold.

24k Investment Grade Jewelry

There are a variety of companies today producing jewelry in 24k gold that is meant as a store of wealth. There are products, such as 1 troy ounce 24k gold bracelet that can be purchased for around a 10% premium over spot price. For comparison, the average dealer premium for a Random Year 1 oz Gold American Eagle Coin is typically around 5%.

Other companies, such as Mené, Auvere, Gold Without Borders and others offer jewelry that is more fashion focused but still produced using 24k or 22k gold. Gold jewelry that is produced in 24k gold is very suitable as a store of wealth.

Why 24k Gold Jewelry as a Store of Wealth?

There is a lot of growing financial uncertainty in economies around the globe. The use of gold jewelry as a store of wealth has been common practice for thousands of years.

Having 24k gold jewelry as a store of wealth is a portable and easily concealable way of moving wealth with you without having to carry large amounts of cash.

It would be easy to travel with several 1 troy ounce 24k gold bracelets tucked neatly under your shirt sleeve that would be virtually unnoticeable, or even having a shirt with 24k gold buttons which could be easily traded for local currency once you reach your destination.

Anyone crossing international borders is required to declare any financial instruments valued at over $10,000. Jewelry made from 24k gold isn’t a financial instrument and in most cases does not need to be declared when traveling internationally. It’s very easy for an individual to carry more than $10,000 worth of 24k gold jewelry while traveling.

Just as with other forms of precious metals, such as coins, bars and rounds, investing in 24k gold jewelry makes practical sense. Jewelry made from 24k gold makes an excellent store of wealth. The value of the jewelry is not diluted by outrageous retail markups and the use of alloys to reduce the purity.

Compare Premiums to Determine Which Silver Dealer Has the Best Price

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shipping silver bullion

When you buy silver and gold bullion from online dealers the pricing displayed on their websites can be confusing. It can sometimes be hard to tell if you’re getting a good deal or not.

All bullion dealers, whether online or a local coins shop, price their bullion relative to the spot price of the precious metals. The price the dealer charges over spot price is called the dealer premium.

The only way to know whether or not you’re getting the best price when you buy precious metals online is to compare the dealer premiums over spot price.

Comparing dealer premiums for a particular item, whether it’s the latest American Silver Eagle coins, 10 oz silver bars, or Pre-1933 gold coins, can be a tedious and time consuming job. Looking for the same item across multiple dealer websites takes time.

FindBullionPrices.com provides tools to help simplify the process for buying silver and gold bullion from online dealers. We pull the latest prices from many trusted and reputable bullion dealer websites for over 300 unique products.

Each product listing is designed to make it easier to decide which dealer has the best deal when you buy bullion online. The product listings display the current spot price, including the melt value for each item. The current price the dealer is selling an item for is displayed, along with the calculated dealer premium over the melt value.

For each product we try to show as many dealers as possible that are selling a particular gold or silver coin. Dealer inventories can change quickly so we may not always show every dealer that is selling a particular item, though we try to do the best we can.

Shipping Charges and the Myth of Free Shipping

Many online bullion dealers offer free shipping when you place an order over a certain dollar amount. For a lot of bullion dealers, the free shipping threshold is that orders over $99 ship for free. The cost of the shipping is generally included in the dealer premiums.

Several online bullion dealers offer free shipping for all orders regardless of the dollar value of the order. These dealers typically have much higher premiums per item to cover the shipping costs.

Still, there are other dealers that are more transparent in their pricing and cost structure. They may not offer free shipping at all, or have a higher minimum order dollar value threshold for offer free shipping.

As silver and gold bullion are commodities, market conditions dictate the price trend which affects the price you pay. As with any business, each dealer has different levels of overhead, operating costs and desired profit margins.

Some online bullion dealers prefer high volume with lower margins while others may charge a heavy premium, especially when purchasing lower quantities or lower order values.

The top trusted and reputable online bullion dealers willing to compete on both service and price, who are interested in establishing long-term stacker customers that will continue to buy from them on an ongoing basis, are the dealers will to compete on price and provide the best customer service.

Payment Methods and Types

Our dealer listings section has a page that shows the payment methods accepted by dealer accepts and displays information regarding the shipping policies, minimum order value thresholds for free shipping and more.

Virtually all online bullion dealers accept credit cards, checks and wire transfers for payment. Dealers that accept credit cards and PayPal as payment methods typically incur a fee for each transaction. The fee that credit card companies and PayPal charges the dealer are typically 3% to 4% of the dollar value of the order. These fees are included in the cost.

Online bullion dealers often display on their product pages two or three different prices. Dealers will usually display the Cash Price and the Credit Card/PayPal price, and some dealers may display a third category that have begun accepting BitCoin and other cryptocurrencies for payment.

Paying the Cash Price for Silver & Gold Bullion

The lowest price is the Cash Price. The Cash Price when you buy gold or silver from an online dealer represents the equivalent to walking into the store and paying cash. This is obviously not possible when making an online transaction, so this price also often represents the price if you were to mail a check to the dealer, use an e-check option or perform a wire transfer.

Some  credit card companies and payment processors have requirements that forbid merchants from charging a fee for accepting credit cards as a payment method. Online bullion dealers get around this by offering the items for sale at a Credit Card/PayPal price that is typically 3% to 4% higher than the Cash Price. While the Cash Price is often referred to as a discounted price for using Cash, Check, e-Check or wire transfer as a payment method.

 

The Trap with the Golden Bait by Roman Booteen Now Available

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Roman Booteen's Trap Coin Hobo Nickel

The “Trap Coin”, designed and sculpted by Roman Booteen is a uniquely designed and carefully crafted “Hobo Nickel” in 2017. The coin’s unique spring loaded finger trap contraption has caught the attention of coin collectors and art collectors and many more.

Roman Booteen trap coin replica side view

The coin sold at auction for over $10,000 and The Heads or Tails Coin Company purchased the rights to reproduce the design, complete with the fully functional trap mechanism. The reproduction trap coin is now available for purchase. The reproduction is limited to only 999 replica coins.

The coin’s bezel, jaws and trap are cast from .925 Sterling Silver. The obverse of the coin features a Morgan Dollar that has been domed to hide the mechanism of the trap.

The reverse features a Mexican Dos Peso Gold Coin and the spring-loaded trap.

Roman Booteen's Trap Coin Hobo Nickel

Trap Coin-Features:

  • Authorized reproduction of Roman Booteen’s original Trap Coin produced by Heads or Tails Coins & Collectibles
  • Unique and fully functional trap mechanism
  • Bezel, Jaws & Trap cast from 20 grams of 925 silver
  • Limited to ONLY 999 replicas
  • Individually laser-etched with serial number
  • The coin arrives in a collector’s box with its certificate of authenticity
  • Bas-relief sculpture on a hobo nickel
  • Includes an original Morgan Dollar
  • Consists of the original Dos Pesos .0482 troy ounce gold coin

Design Highlights:

  • Unique and carefully crafted sculpting and functionality
  • Obverse: A domed Morgan Dollar, highlighting the iconic bald eagle
  • Reverse: 1945 Gold Dos Peso Coin, surrounded by a spring-loaded finger trap
  • The trap opens and becomes a part of the border work
  • Around the circumference of the coin, there is an inscription by Sir Walter Scott reads, “AURUM MULTO MAGIS ANIMAS PERDIDIT QUAM FERRUM CORPORA CECIDIT. “- Definition of the Inscription: “Gold has killed more souls than iron.”
  • The “Trap coin” makes an excellent gift for any coin or precious metals enthusiast, investor or collector.

Find the best prices the Trap Coin and for Roman Booteen Coins For Sale.

Buy the Trap Coin for the best price from a trusted and reputable bullion dealer.

 

US Mint Authorized Wholesale Purchasers

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2018 American 1 oz Silver Eagle

Unlike other world mints, The United States Mint does not sell its bullion coins directly to the public. Instead, the coins are distributed through a network of official distributors called “authorized purchasers”. The Authorized Purchasers then create a two-way market buying and selling to precious metal wholesalers as well as private investors.

In the United States there are nine authorized purchasers that purchase Gold, Silver, and Platinum Eagles and other bullion items direct from the US Mint. In Europe there are two Authorized Purchasers and in Asia there is one. The Authorized Purchasers act as wholesale distributors for US Mint bullion products.

United States

  • A-Mark Precious Metals, Inc
  • American Precious Metals Exchange (APMEX)
  • Coins & Things, Inc
  • Dillon Gage Inc of Dallas
  • Fidelitrade, Inc
  • Jack Hunt Coin Broker, Inc
  • Manfra, Tordella, & Brookes, Inc (MTB)
  • The Gold Center
  • ScotiaMocatta (Scotia Bank)

Europe

  • Bayerische Landesbank
  • Deutsche Bank AG

Asia

  • Tanaka Kinkinzoku

Bullion Holiday Gift Items include Free Shipping From Money Metals Exchange

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Diversion Safe Book
Money Metals Exchange has been around since 2010. Many people have avoided buying from them because they charge shipping for orders under $1,000 or because it often seems like they are just “silver pumpers” pushing metals because of the coming economic apocalypse.
In any event, they have decent pricing on a lot of things but due to the shipping cost. For smaller orders a $9.99 shipping charge means an extra $1.00 per ounce premium for 10 ounces.
As a holiday special they are offering free shipping on all orders placed through December 20 that contain an gift item from their list of gift ideas.
Gift items include:
Additional items are available on the Money Metals Exchange Bullion Gift Ideas page.

Bullion Dealers Begin Charging Sales Tax for Online Orders

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When you click on links to various merchants on this site and make a purchase, this can result in this site earning a small commission. More information about our affiliate programs can be found here.

As a result of the Supreme Court decision in June 2018 many online bullion retailers have begun to collect sales tax on orders being shipped to states that view bullion as a taxable item.

State Sales Tax on Silver and Gold bullion varies throughout the country. Some states see bullion as a collectible susceptible to tax, while others view it as an investment or cash alternative that is non-taxable.

Online bullion dealers such as APMEX and JM Bullion have already begun charging sales tax on some orders placed through their websites and eBay stores.

Below is a list states and whether or not they charge sales tax on Coins, Paper Money, and/or Precious Metals.  Tax laws are constantly changing. The information below should be used as a guide. Confirm with the online precious metals, bullion or coin dealer prior to purchase to find out if they collect sales tax in your particular locale.

Alabama
The State charges 4% on everything. Many local County & City add additional taxes between 4-5%.

Alaska
No state sales tax, though local governments may still tax.

Arizona
No sales tax collected on precious metals or coins.

Arkansas
Sales tax is collected on precious metals.

California
Precious metals and coin purchases are exempt if the amount is over $1,500.

Colorado
Sales Tax precious metals, bullion and coins varies by city.  There is no state sales tax..

Connecticut
Coins that are collectable are exempt from state sales tax. Precious metals purchases under $1,000 are charged sales tax.

Delaware
No sales tax precious metals and coins.

District of Colombia
Sales tax is collected precious metals and coins.

Florida
No sales tax on U.S. coins.  Precious metals purchases greater than $500 are taxed.

Georgia
No sales tax on coins or precious metals.

Hawaii
Coins and precious metals purchases are charged excise tax.

Idaho
No sales tax on bullion or coin purchases.

Illinois
No sales tax on precious metals or coins.

Indiana
No sales tax on coins or bullion.

Iowa
No sales tax bullion or coins.

Kansas
Coin and precious metals purchases are subject to sales tax in Kansas.

Kentucky
Coin and precious metals purchases are subject to sales tax in Kentucky.

Louisiana
Coin and bullion purchases over $1,000 are exempt from sales tax.

Maine
Sales tax is collected on all bullion and coin purchases.

Maryland
Collectible coins and bullion are exempt on purchases over $1000.

Massachusetts
Coin and precious metals are exempt on purchases over $1000.

Michigan
No sales tax bullion or coins.

Minnesota
Coin and precious metals purchases are subject to sales tax in Minnesota.

Mississippi
Coin and precious metals purchases are subject to sales tax in Kentucky.

Missouri
No sales tax bullion or coins.

Montana
No sales tax bullion or coins by the state.  Some communities charge a  3% provisional tax.

Nebraska
No sales tax bullion or coins.

Nevada
Sales tax is collected on coins that sell for more than 50% of Face Value. Private Mint Bars and Rounds are exempt.

New Hampshire
No sales tax bullion or coins.

New Jersey
Coin and precious metals purchases are subject to sales tax in New Jersey.

New Mexico
Coin and precious metals purchases are subject to sales tax in New Mexico.

New York
Coin and precious metals purchases are subject to sales tax in New York. Bullion purchases over $1,000 are exempt

North Carolina
Coin and precious metals purchases are subject to sales tax in North Carolina

North Dakota
No sales tax bullion or coins.

Ohio
Sales tax exempt on the sale of precious metal bullion and investment coins that are composed mainly of gold, silver, platinum, or palladium.

Oklahoma
State and local sales taxes can apply to precious metals and coin sales.

Oregon
No sales tax bullion or coins.

Pennsylvania
No sales tax bullion or coins.

Rhode Island
No sales tax bullion or coins.

South Carolina
No sales tax bullion or coins.

South Dakota
No sales tax bullion or coins.

Tennessee
No sales tax bullion or coins.

Texas
No sales tax bullion or coins.

Utah
No sales tax bullion or coins.

Vermont
No sales tax bullion or coins.

Virginia
No sales tax bullion or coins.

Washington State
No sales tax bullion or coins.

West Virginia
Coin and precious metals purchases are subject to sales tax in West Virginia.

Wisconsin
Coin and precious metals purchases are subject to sales tax in Wisconsin.

Wyoming
Precious metals purchases are subject to sales tax in Wyoming.

As with all tax related matters it is best to consult a qualified tax professional. Check with each dealer prior to purchase to determine if they will be charging sales taxes on your purchases.

3 Best Scales for Silver & Gold Bullion

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A precision digital scale for silver & gold is one of the most basic tools available that can be used by both investors and precious metals coin collectors to help verify the authenticity of a particular item by comparing to the expected weight. Measuring the weight is one of the easiest and quickest tests to help verify the authenticity of your gold and silver coins. The measured weight is easy to compare with one of the many reference charts online, in an app or even coin reference books that are available online and at local coin stores. A simple scale for measuring gold and silver is a practical tool for all investors.

Digital scales have become ubiquitous in recent years and are sold at nearly every gas stations and corner store. The quality and accuracy of these scales can range from fickle and variable to surprisingly accurate. If in doubt, consult with a reputable coin dealer or expert that owns a Sigma Precious Metals Verifier.

Most of the product listings available on FindBullionPrices.com also list the weight and dimensions for many coins and this can also be found in places like numista.com. This information is available from bullion manufacturers and mints and is also found on the websites of trusted and reputable online bullion dealers.

It is even more important when purchasing via social media, online marketplaces, eBay or individuals and other untrusted sources.

Modern gold coin should be very close to its stated weight (e.g., 1 oz, 1/2 oz, etc.), though minor deviations can occur due to wear or manufacturing tolerances. Also keep in mind, that when measuring circulated gold coins such as old 20 francs, sovereigns and Pre-1933 US gold coins, wear and tear from circulation can slightly reduce the weight.

The weights and dimensions of older gold bullion coins such as British Gold Sovereigns, French Gold Francs, or Mexican Gold Pesos are well known and easy to verify with an accurate scale and simple calipers.

The same is true for 90% silver coins such as Morgan and Peace dollars, silver pesos or junk silver coins.

The scale should be able to accommodate the weight of the items you’ll be measuring. For most precious metals, a scale with a weight capacity of up to 500 grams or a half kilo is generally sufficient. Choose a scale that is easy to calibrate and offers consistent accuracy over time. Some scales come with calibration weights, which are helpful for ensuring accuracy.

When dealing with precious metals, the most important feature is that the scale is able to switch between various measurement systems, including grams, imperial and troy ounces. Some scales may only have grams and imperial and may not include troy ounces. A tare function allows you to subtract the weight of a container or tray from the total weight, essentially zeroing out the scale to allow for accurate measurements.

Some scales for Silver & Gold will come with a set of calibration weights that can be used to verify that the scale is working correctly. By comparing the reading to those of known samples, the scale can often be adjusted back to accuracy. Be sure to place the scale on a level, stable surface and ensure the area is free from magnetic or electronic interference.

Another, often overlooked feature, particularly when dealing with fractional gold coins and bars, is precision to at least two decimal places. When checking the weight of circulated and fractional gold coins and bars, having a scale that can accurately measure to the hundredth of a gram is very important.

Consider that a genuine 1/10 oz gold coin is the equivalent of 3.11 grams. A counterfeit or plated coin will have a weight that is different due to the density of the metal. If only measured to the tenth of a gram, the variance may be slight enough that the scale is unable to determine an accurate weight due to rounding function. This becomes even more critical when dealing with smaller fractional gold coins and bars, such as gram sizes and those weighing 1/20 oz.

It’s common to find scales at the gas station that measure to only tenths of a gram. For a more definitive measurement, be sure that the scale can measure to at least the hundredth decimal place. High-end laboratory scales and those used by professional miners can be accurate to thousandth of a gram!

While it’s important to invest in a reliable scale, you don’t necessarily need to go for the most expensive option. There are accurate scales available across various price points.

The scales for silver & gold below all have the basic capabilities of providing accurate measurements in both troy ounces and grams and are also reasonably inexpensive and readily available.

3. Weigh Gram – 600 gram scale with accuracy to .01 gram

Weigh Gram

The Weigh Gram scale from Amazon is a basic device capable of measuring in grams (g), troy ounces (ozt), avoirdupois ounces (oz) and pennyweights weights (dwt). It has a maximum measurement capacity of 600 grams and will measure fractions of a gram down to the hundredths.

This scale is small enough to fit in your pocket and is a good choice for measuring the weights of smaller bullion items. For the price, this is the best scale for weighing gold and silver.

Available from Amazon from around $11

2. KitchenTour EG5001 – 500 gram scale with accuracy to .01 gram

Affordable mid-range gold and silver scale
KitchenTour EG5001

The KitchenTour EG5001 from Amazon has a higher capacity, capable of measuring up to 500 grams, or a half of a kilogram. This scale is a good choice for measuring larger silver bullion items such as 10 oz silver bars. The scale has precision to hundredths of a gram and has six different measurement types, including grams, troy ounces, avoidupois ounces, dime weights and others.

Available from Amazon from around $17

1. RESHY High Precision Lab Scale – 5000 gram scale with .01 gram precision – $87.90

The RESHY High Precision Lab Scale from Amazon is a precision analytical balance scale. It has a capacity of up to 5000 grams or 5 kilograms with a precision resolution down to the hundredths of a gram. This is a great scale for measuring larger silver bullion items, including silver kilos and 100 ounce silver bars.

Available from Amazon from $88

What is Secondary Market Bullion?

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Secondary market metals are like the used car market for silver and gold bullion. Newly minted bars, coins are rounds are sold by online bullion dealers, local coins stores and pawn shops shortly after they have been manufactured.

When a bullion investors decides to divest their holdings, the precious metals are often sold back to a local coin shop, pawn shop or online bullion broker.

In some cases the bullion is sent back to a refinery where it is melted and recycled into another form.

Most of the time the bullion is resold to other investors as-is and becomes part of the secondary market.

This does not change the quality of the metal. And there is very little difference than when it comes from the original source.

Investments in secondary market metals hold the same value as similar newly minted bars, the primary difference is the source of the precious metals.

The primary driver for buying gold and silver bullion from secondary markets is the lower price, particularly when you’re looking for the cheapest premiums over spot.

Cheap Silver and Gold

There are several reasons why you should look to buy secondary market precious metals. Below are just a few of those reasons.

  • When a broker buys precious metals from individual investors they will often pay a price slightly below the melt value, which allows them to price these products lower than newly minted products.
  • You can often discover harder to find 10 oz silver bars and backdated gold coins.
  • Price is often lower because the coins may show some signs of wear, scruff marks, small scratches or tarnish.
  • It is a good way to get started into Precious Metals investing because the premiums are often lower. (Buy Silver)

These are just a few of the reasons people buy secondary market metals, investors have a large variety to choose from that are high in quality and offer great value.