GOLD & SILVER IS AT AN ALL-TIME HIGH LEARN MORE

Guide to selling rare and collectible coins

Those involved in the trade are well aware of the large and thriving community of rare coin collectors. Everything from classic U.S. coins to rare European tender can still be highly coveted by the right audience, with buyers and sellers around the world vying to either bolster or cash in on their unique collection.

A similar sentiment could be shared for bullion, as bars and ingots are still frequently transacted with on a daily basis.

This high level of interest and activity also means that there is a very lucrative market for both coins and bullion – and that you could be closer than you think to cashing in on some of your precious metals.

Here are some of the key points to keep in mind when selling coins and bullion today.

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Gold vs. Silver

For centuries, gold and silver have been two of the most popular precious metals in the world, providing meaningful value on every level from family heirlooms to global economies. However, both of these metals have significant differences and similarities that come into play when deciding to invest.

Here is a closer look at some of the key components of gold and silver to help inform your investing, buying, and selling processes.

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How to sell your wedding ring online

Selling your wedding ring can be a difficult and emotional process, regardless of the reasons behind it. Whether you’ve recently gone through a challenging divorce, are dealing with the death of a spouse, or are simply looking to upgrade an old ring for a more modern or elegant option, we are here to help.

Here are some tips on how to sell your wedding ring or engagement ring while ensuring you maximize its value.

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How to tell if an item is gold or silver

To the untrained eye, it can be difficult to tell if a piece of gold or silver jewelry is genuine or simply a close representation.

Whether you’ve inherited some jewelry or would just like to know its value, here are some simple steps you can take to help identify the legitimacy of your jewelry and to see if an item contains gold, silver, or platinum.

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Four Amazing Uses of Precious Metals in Medicine

Gold Guys four amazing uses

A customer recently stopped by The Gold Guys in Duluth, MN, asking if we buy silver. He told me about the silver plated door knobs in his late 1800’s home. He theorized that the homeowners installed the silver plated door knobs to provide protection from spreading microbes, much like the hand sanitizer or antibacterial soaps do for us today. As a precious metals assayer, as well as a current doctor of pharmacy student, this customer’s story sparked my interest on the medicinal uses of precious metals today.

#1 Silver has Antimicrobial Properties

Apparently, the antimicrobial effects of silver utilized by the Duluth, MN, homeowners in the late 1800’s are still taken advantage of in modern medicine. Silver carries out its antimicrobial action when silver ions bind to and disrupt protective microbial cell membranes, inhibiting enzymes needed for survival  inside the microbe’s cell and iGold Guysinterrupting DNA replication needed for the microbe to replicate. Silver is considered a broad-spectrum antimicrobial, meaning it can act on a wide variety of microbes including bacteria and fungi. Silver is used in topical preparations, like CURAD® Silver Solution, to provide antimicrobial protection during wound healing. Bandages are also prepared with embedded silver particles, like Actisorb, as a dressing for wounds. In hospitals, silver medical equipment (surgical tools, needles, door handles, etc.) are being utilized more to help prevent the spread of the “superbug” MRSA. Additionally, prescription topical drugs, like silver sulfadiazine, are used to prevent infection in patients with severe burns. 

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