Posts Tagged ‘ Gold coin ’

Gold Rises Above $1,500 an Ounce for the First Time Ever

Oil Prices, if you haven’t noticed, are skyrocketing to all new highs across the Country. The value of the USD has been steadily decreasing over a span of fifteen consecutive months, reaching a record-breaking low on Wednesday.

Daily Markets analyst Michael Snyder explains that as a result of the progressive weakening of the US Dollar, the appeal of Gold and Silver is boosted.  There are also high demands for gold from emerging economies like China and India, which help to fuel the rise in gold’s value.

Spot gold traded at $1,505.21 an ounce and was bid at $1,505.16 an ounce at 5:42 a.m. ET, against $1,493.90 late in New York on Tuesday, Reuters reported.

….Read more

Mike Maloney on the continued rise of value in Gold

What This All Means for Our Readers, Customers and Consumers Nationwide:

In these challenging economic times, many consumers have taken advantage of selling rarely worn jewelry pieces, high-end watches, and even scrap gold and silver. With payouts for these metals at an all-time high, it’s best to strike while the iron is hot!

If you have any pieces of gold jewelry that have been sitting in a drawer or treasure box at home for years, timepieces or wristwatches that have gone unworn, or even gold coins that you have considered selling…  NOW is the time.

This very well may be your last chance to make such strong a profit from your gold pieces.  Below you will find a list of the prices are currently paying for Gold at Raymond Lee Jewelers.  At $1503 per oz., Raymond Lee Jewelers is currently paying out the following:

Gold per dwt:

10K – $22.55

14K – $37.58

18K – $51.10

Gold per gram:

10K – $15.00

14K – $25.00

18K – $34.07

Gold per ounce:

10K – $450.00

14K – $752.00

18K – $1022.00

Pennyweight and grams are the two terms most commonly used to measure the weight of gold. To convert either measurement to ounces:

1 troy ounce = 20    dwt
1 troy ounce = 31.1 grams

So, if you do have some jewelry pieces or gold coins that you’ve been thinking of selling, now is the time to take those items in for an evaluation at Raymond Lee Jewelers. There is no pressure to sell, and written appraisals are available with a scheduled appointment, which can easily be made by calling us directly at (561) 750-7808.

Corum: A History- Watch Repair

Watch Repair

Corum Coin Watch

Like many of the luxury watch brands, Corum traces its roots to La Chaux-de-Fonds, Switzerland. It is no wonder Corum chose this small city to open their first store in 1955, as it has one of the richest history in regards to watch making. The two original founders, Simone Ries and Rene Bannwart decided to join with established watchmaker, Gaston Ries. These three great minds combined to create a company that relied on traditional craftsmanship but did not adhere to traditional watch design, which led to amazingly creative collections.

One example of Corums wonderfully refreshing innovation is its unique Liberty Eagle Watch. This watch featured a real $20 United States gold coin that was cut in half, a luxury movement was inserted and all three were inserted into a watch case. These watches tended to have an open case back so one could see and feel the gold coin in the back. This watch became an international best seller and established Corum as a true contender in the luxury watch market. Watch Repair.

As the decades wore on, Corum did not sit idly by they instead started to create a legacy of great watches. The Golden Bridge, Limelight, Romulus and the very popular Admiral’s Cup collections were all released and afforded Curom the ability to grow. Corums owed much of its success to its open minded attitude which is rarely seen in the luxury watch making industry; many established brands would baulk at trying something drastically different. Corum also has the unique ability to be flexible, which allows it to better respond to market trends.

In 1998 a majority interest in the company was acquired by successful businessman Severin Wunderman. Mr. Wunderman has personally taken part in the business aspects of the company but has worked hard on continuing Corum’s progressive attitude. In the meantime, the master watchmakers at La-Chaux-de-Fonds continue to produce the magnificent timepieces – including such masterpieces as the Minute Repeater and Minute Repeater/Tourbillon – which has garnered world wide recognition. Some of their most sought after pieces are the Admiral’s Cup, Golden Bridge, Ti-Bridge Titanium and the Padlock watch.

-Carlos at Raymond Lee Jewelers

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Sell Gold, The World’s Largest Coin Sold!

Sell Gold

Sell Gold

Three years ago the Canadian government introduced the worlds rarest and biggest coin, a Maple Leaf weighing 100 kg (220.5 pounds).  But what makes the coin even more rare is it’s made out of 999.99/1000 pure gold.  The coin has a face value of $1 million.  In today’s gold market the coin is actually worth four times as much as gold is trading around $1,200 per oz.  To put things in perspective the second largest coin in the world weighs only 68 kg, about two thirds of the Maple Leaf.

A few weeks ago it was auctioned off in Austria.  It sold for $4 million!  This seems like a lot, especially when you consider the mere $1 million face value it calls for.  However, if you look deeper, 4 million sounds about right.  According to kitco.com pure 24kt gold is trading at $1,183.90 per oz.  If you take into consideration the weight of the coin, 100 kg, and multiply it by the price of gold for one hundred kilograms you come to $4,179,167, which is its fair market value.  While buying this coin for $4 million may have seemed like a reach, it is actually a bargain.  I am actually surprised it did not sell for more.  The winner of the coin may want to sell gold and it looks like he would make close to a $200,000 profit.

When the coin was first introduced gold was only trading at just under $700 per oz.  The value has almost doubled in the three years since being created.  Based on the recent trends in the gold market it looks like buying this outrageous coin might actually be a good investment.

by, Seth at Raymond Lee Jewelers

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Sell Gold

Selling gold jewelry, selling scrap gold, and selling unwanted gold in South Florida is super easy. Raymond Lee Jewelers is the highest cash buyers of complete jewelry and watch estates aswell as scrap gold and gold jewelry. Gold is around its all time high. Gold has never been more valuable. sell 14kt gold, sell 18kt gold, sell gold coins, sell bullion and sell many more gold items, sell them to Raymond Lee Jewelers. Gold is $1153 per ounce today. Raymond Lee Jewelers is buying gold jewelry in all karats. Raymond Lee Jewelers is paying $576 per ounce for 14kt gold and paying $784 per ounce for 18kt gold. These prices to sell gold are for today. The price of gold changes daily. Your gold jewelry may be worth more tomorrow. Maybe tomorrow you gold jewelry will be worth less. Just remember that when selling your valuables, deal with a company you can trust. Raymond Lee Jewelers has been established since 1983. Located in Boca Raton, Raymond Lee Jewelers is family owned and operated. Will will beat all offers on gold, jewelry, watches and diamonds. We buy Rolex watches everyday. Premiums paid for new model Rolex watches such as, Rolex Deepsea, Rolex Milgauss, Rolex Ceramic GMT and many more.

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Jewelry Loans

Diamond Ring

Visit LoansOnJewelry.com

It is easier than ever before to obtain a jewelry loan. In the industry they are referred to as collateral loans. Collateral loans can be obtained on just about anything of value. Pawn shops and some jewelers are able to legally give collateral loan.

Items that can be used as collateral to get a loan include luxury watches, diamonds, jewelry, gold, gold coins, cars, boats and much more. Collateral loans are quick and easy. Loan interest rates and flexible terms.

No credit checks for collateral loans. Basically all you have to do is bring in your collateral to the lender. They will tell you what they would be willing to lend. If you find the amount acceptable, there are a few short easy steps to complete the transaction. You will have to fill out a form and sign. Your collateral will stay with the lender until the loan is complete. Payments on the collateral loan should be made monthly to keep up to date. At the end of the term of the collateral loan the principal needs to be paid back. Your collateral will be returned to you.

This is the oldest form of lending money. Finding a local collateral lender is very easy. The internet is a great place to start your search. Jewelry stores that have a pawn license may be your best bet because they lend more and charge less. Give Raymond Lee Jewelers a shot when shopping for a collateral loan. 22191 powerline rd suite 12b, Boca Raton, Florida 33433 561-750-7808

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