What do you know about American Buffalo Gold Bullion Coin?

The official United States Mint American Buffalo Gold Bullion Coin

buffalo1234Production of these highly anticipated coins is authorized by Public Law 109-145, dated December 22, 2005, also known as the Presidential $1 Coin Act. The new American Buffalo Gold coin’s obverse and reverse designs feature images originally prepared by noted American sculptor James Earle Fraser, once a student of Augustus Saint-Gaudens, for America’s 5-cent coin (nickel). That popular coin, known as the Indian Head, or Buffalo, nickel was introduced in 1913 and showcases the native beauty of the American West. The Native American depiction on the coin’s obverse is believed to be based on three different Indian chiefs – two of whom were named by the designer as Chief Iron Tail and Chief Two Moons – who modeled for Fraser as he sculpted its design. Conflicting statements exist on the third Indian as being either Chief John Big Tree of the Onondaga tribe, or John Two Guns, son of White Calf.

Here’s concise information:

  • It is widely believed that the bison on the coin’s reverse was modeled after “Black Diamond,” a popular attraction at the New York Zoological Gardens.
  • In the first year of the coin’s issuance, 1913, there were two distinct varieties, the first showing the bison on a mound and the second with the base redesigned to a thinner, straight line. American Buffalo Gold Coins bear the original Fraser Type I design.
  • American Buffalo Gold Bullion Coins are the first .9999 fine 24-karat gold coins ever struck by the United States Mint.
  • The Presidential One Dollar Coin Act of 2005 authorizes the Secretary of the Treasury to strike one ounce, .9999 fine gold bullion coins.
  • The designs are based on the original 1913, Type I Buffalo nickel, as designed by James Earle Fraser.
  • The obverse features a profile representation of a Native American.
  • The reverse features an American Buffalo (also known as Bison).
  • Diameters of the various issues will be exactly the same as the Eagles, but of course each Buffalo will be slightly thinner as it lacks the extra bulk of alloy present in the Eagles. The American gold Eagle program will continue to be struck, as it has since 1986, in all four sizes of .917 fine gold.
  • Packaging for the new gold Buffaloes will consist of each coin sealed in a Mylar-like plastic sheet, configured 4 rows of 5 coins each. These 20-coin sheets will come from the Mint in boxes of 500 1-ounce coins per box.

You can always bring your American Buffalo Bullion Coins or any gold/silver coins to any of our locations and exchange them for instant cash.

 

Posted by Maksud Temirov – Gold Rush Baltimore.

Don’t be cheated: Learn how to sell the genuine gold jewelry

Sell gold bracelets

Gold buyers like us normally go by weight

Selling gold is an area where you are likely to find a lot of cheats, so go into it with your eyes wide open. Before you take gold jewelry anywhere, bone up on the current price for gold—check on the Internet or in the newspaper. This shows the buyer that you aren’t totally clueless, and you’ll be less likely to get cheated. Gold is priced per troy ounce, a measurement slightly different from regular ounces. Make your own ballpark estimate before trying to sell.

Here’s how.

  • Examine the karat mark of your jewelry items and divide into piles. Most will be 10k, 14k, or 18k. If it isn’t marked, it is probably gold plated or gold wash and worth next to nothing.
  • Weigh each group separately on a postal scale to determine number of ounces.
  • Convert ounces into troy ounces using an online converter or do it yourself by multiplying regular ounces by .912. (Gold prices are quoted in troy ounces.)
  • Deduct a percent for the part that isn’t gold. 10 karat is 41% gold, so you’d deduct 59%. 12 karat is 50% gold. 14 karat is 58% gold. 18 karat is 75% gold, and the highest you are likely to see in America. 22 karat is 91% gold. 24 karat is pure gold. So 20 troy ounces of 12 karat gold equals 10 troy ounces of pure gold. Why don’t you see much 22 or 24 k gold in America? Because it’s too soft to make good jewelry. A neck chain of 24 k gold would pull apart with minimal effort.
  • Multiply by the current troy ounce price.

That is what your gold is worth at retail, but of course you will not get that much for it. You are selling at wholesale – the buyer will sell at retail. Many dealers will offer you half the retail value. Shop around to get the best price. Reputable gold buyers should pay 70% or maybe 80% of the retail value. Knowing approximately what that is will protect you.

Yes, there are pawnshops, online buyers, mail order schemes, and fly-by-nights who breeze into town and set up shop in a hotel room, but your best bet by far is a reputable, local jewelry store or coin dealer that buys gold and silver and sticks around for his reputation to matter. Let the buyer know up front that you are going to get two or three offers before selling and hold to that plan.

Gold-looking jewelry made in the twentieth century is sometimes marked GF for gold-filled, a deceptive term that means a very thin layer of gold over base metal. Watch out for 14k GF, which sounds better but is still just a thin, thin, thin coat of gold. It is worthless as gold, but it may have value as costume jewelry or vintage jewelry.

 

Shared by Gold Rush Baltimore (Maksud Temirov)

Source: stuffafterdeath.wordpress.com

THE GOLD COIN THAT SAVED A SOLDIER’S LIFE

It was early in the Civil War in April of 1862, and the battle was on. The Battle of Shiloh to be exact, in southwestern Tennessee. Confederate soldier Lt. George Dixon was in the thick of it. Unfortunately, a Union soldier got the better of him, and shot Dixon in the leg at close range. Miraculously, the bullet ricocheted off a gold coin in his pocket and Dixon lived. But why did he carry a gold coin into battle?

The story goes that before Dixon left for the war, his true love Queenie Bennett gave him an 1860-minted $20 gold coin for good luck. Queenie instructed Dixon to keep the coin with him at all times. Dixon did just that. And it saved his life.

This story has been passed down for well over a century. As is the case with word-of-mouth stories, debates arose over the tale’s validity. But all those arguments were put to rest 150 years later. Archeologists were examining the wreckage of the Civil War submarine the H.L. Hunley, of which Dixon had been the commander. While searching through the debris, they discovered a misshapen gold coin.

Upon restoration, it was discovered that this was in fact Dixon’s lucky coin. Aside from being found near Dixon’s remains, the coin also had a very specific inscription. After the coin had saved his life at Shiloh, Dixon had the coin inscribed. The obverse still showed Lady Liberty, but the reverse read:

Shiloh
April 6, 1862
My Life Preserver
G. E. D.

And so it was. Dixon’s life was saved by an 1860 $20 Lady Liberty gold coin. Unfortunately, the coin wasn’t enough to save him on the H.L. Hunley, which sunk after its first and only mission in February of 1864. But it did prolong the country’s memory of Dixon. Lucky coins have all kinds of origins. Come tell us about yours.

Source: komonews.comgoldcoin12345

The Gold Bar Story

AS-200L.71110318_largeA man came home late after drinking a lot at a bar with his friends. As he staggered through the door, his wife greeted him unhappily:

“Where have you been? Where did you get this drunk?”

“Me and some friends had a drink at this new bar called Gold Bar. The bar is so amazing. Everything is made of gold! The doors, tables, walls, you name it! Even their toilet is made of gold!”

The wife did not believe in his story, so she googled the Gold Bar and gave them a call.

Bartender: “Thanks for calling The Gold Bar, how can I help you?”

Woman: “I just want to make sure if my husband is telling me the truth about your new bar. Is everything really made of gold there?”

Bartender: “Yes, ma’am. Our doors, windows, walls, floor, and tables are made of 24K gold.”

Woman: “Well, my husband says even your toilet is made of gold, is it true?”

Bartender: “Oh, give me a second,” – The bartender put the woman on hold and shouted: “Hey, John, I think I found the man who urinated into your saxophone!!”

Lumberjack and the Gold Fish (Funny Story)

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This old lumberjack was passing by the lake carrying his ax on his shoulder. Suddenly, he tripped over a rock and his ax sank into the lake. While he sat frustrated, gold fish came out of the lake and asked him:

“Why are you frustrated? What’s wrong?”

“I just lost my ax. It drowned into this lake.”

“Don’t worry; I will go get it for you.”

After a while, gold fish came out with a gold ax and said:

“Is this your ax?”

“No, this is not mine. My ax was not gold; it was just plain rusty one.”

“Just a second” said the gold fish and went down the lake again.

“Maybe this one is yours?” asked the fish showing the old man a silver ax.

The lumberjack’s reply was the same: he told it was not his ax.

The gold fish plunged into the lake again and finally came up with the old man’s rusty ax with wooden handle.

“So, is this yours then?”

“Yes! That’s my ax! Thank you so much!”

The gold fish said that it was testing the old man’s honesty. For he was honest, it rewarded the lumberjack with both gold and silver axes. The lumberjack thanked the gold fish and went home happily with three axes.

Another day, the old man was passing by the lake again but this time with his 80 year old wife. All of a sudden, his wife tripped over the rock and drowned into the lake! As the lumberjack was sitting frustrated, the gold fish came out again and asked:

“Why are you frustrated? What’s wrong? Did you lose your ax again?”

“No, not my ax. This time, I lost my wife. She drowned in the lake!”

“Oh, that’s not good. Give me a second, I will take her out of the lake” said the gold fish and plunged into the water. After a while, it came out with a beautiful 20 year old girl and asked the old man:

“Is this your wife?”

“Yes, yes, she is my wife!!” said the lumberjack hurriedly.

“Oh my, I never expected this from you! Last time I rewarded you with 3 axes for your honesty but this time you’re being dishonest! This 20 year old young girl is not your wife! Get lost now! I don’t want to help you anymore!” – gold fish got angry at the old man.

“Come on, last time you rewarded me with three axes, right? And this time, if I don’t’ accept the first woman you’re going to give me all three women as a reward. I don’t need three wives! One will be enough; therefore, please just give me the first one and that’s it!”

Customer and Store Manager Perform a Dance

Music is a universal language for humans. It brings everyone together, no matter what race, culture or religion they belong to. There are no barriers because the music does the talking for us. It is something that everyone can relate to in regards to the different genres of music. Music can bring about peace, create friendships and do wonderful things for people. It’s true that you cannot have a conversation using music but you connect with people on such a high level that sometimes words cannot even take you to that place of connection. Similarly, a talented customer and the store manager of our Belair road location have recently performed such a wonderful dance to an Uzbek song. Attached here is an excerpt from their fun performance. Dance and stay warm through this cold weather! Click here to watch the footage: Uzbek-American Dance at Gold Rush

TEN Forgotten Stories About The Klondike Gold Rush. STORY 1: You Couldn’t Pack Light

packingThe Gold Rush began in 1896 with the discovery of gold in Canada’s largely uncharted Yukon territory. Word traveled fast, and within a year the northern reaches of Canada were swamped with people seeking their fortunes.

That caused a serious problem. People needed supplies to survive, and they needed a lot of supplies to survive the rocky, cold, hard trek in the North. Unfortunately, there was a distinct lack of grocery stores along the way. That meant that the small towns along the way were in danger of being overrun and being depleted of food.

The Canadian government enacted a provision that every American crossing the border for gold mining needed to bring their own supplies with them, and they needed to have enough to last them an entire year. That meant that a trip to the Yukon wasn’t just one-way—in some cases, people covered more than 1,610 kilometers (1,000 mi) back and forth between Alaska’s starting point of Dyea to their campsite at Bennett Lake. The two spots were only 53 kilometers (33 mi) apart, but a year’s worth of supplies was heavy and required way more than just one or two trips with a backpack.

The Northern Pacific Railroad put out a brochure with recommended provisions: 181 kilograms (400 lb) of flour, 4.5 kilograms (10 lb) of both coffee and tea, 34 kilograms (75 lb) of dried fruits, 56 kilograms (125 lb) of beans, and non-food supplies like tents, oil blankets, mosquito netting, axes, pitch, a stove, 60 meters (200 ft) of rope, and enough winter clothing to survive months of brutal temperatures.

Where to sell gold in Pittsburgh ?

Selling gold for cash is not a bad idea in financial hardship. You may be in a situation that you just need to make your bill payment, want extra cash or simply just couldn’t make it to the payday. At this situation cashing gold can be one of the fastest solution.

Gold buying business is growing in millions of dollars in the US since gold price hit $1900 in 2011. This inspired today’s gold hunters strike in hundreds to open up new pawnshops to buy gold and sell.

Maybe you have already seen cash for gold signs around the city. Finding the real experts among the gold buyers can be burdensome; if you don’t know what your gold is worth then you may risk selling it to shady businesses. Here’s the list of things you should know before you take it to any pawnshop or any gold buyers.

First, you must do your research online before you take your gold anywhere. Today’s modern technology allows anyone to get all the information about any local business online not leaving your home. Choose the store that has more customer feedback and reviews.

Second, you ought to find out purity of your gold. Look at your items ( jewelry, coin, rings etc ) and check it’s purity. Usually it’s marked with 10k, 14k, or 18k etc. or it’s marked with numbers like 417, 585 or etc. These numbers show purity of gold. For example, if you have a ring made with 10k gold, it means ring has 41.7 percent pure gold in it. So the higher carat is, the more pure gold it has. It means that you should expect to get more money for your gold as it’s purity goes up.

If you can’t find any mark or can’t figure out whether it’s gold or not then you can just take it to any gold buying shop and get it tested there. You can also order a testing kit online. Jewelry’s purity needs to be checked by testing processes such as an acid/scratch test, electronic tester, or X-ray fluorescence scan. Presence of stamp is not enough since fraud has become more common in the current gold rush. One might find illegitimate markings on jewelry quite often.

Third, you need to look up a spot price. You can use websites like goldprice.org to find out current the gold price, which is usually given in dollar amount per troy ounce.

If you are in a gold buying shop, an associate can weigh your piece of jewelry and coins, for you. It is your call to ask jeweler to explain how they do appraisals. Let’s say you have a gold bracelet that has 14K mark on it and it weighs 10 gram. A shop is offering you $100. You can ask how much he is paying for each gram and what percentage of market/spot price he is offering.

You even can find out your gold’s value yourself by using simple math. 10 grams of 14K bracelet has 58 percent pure gold, so 58 percent of 10 grams is 5.8 grams. So your bracelet has 5.8 gram of pure gold. Next you look at the spot price online. Price is for 1 troy ounce of gold. As there are 31.1 grams in 1 troy ounce, the spot price divided by 31.1 brings out the price of gold for each gram. This way you know what your gold is worth before you even visit any shops for a quote. The reason you want to do this kind of calculation is that you will be able to spot which shop is offering a fair price.

Well established, reputable businesses pay at least 75 percent of the market price, they then sell it to refiners for over 90% of the market price. If they don’t tell you what percentage of the spot price they are paying, then it’s a red flag.

If your jewelry has stones or diamonds, then you can ask to get paid for them. Most stones have no resale value or hard to find a buyer, however diamonds are worth a good amount of money. You can negotiate a price for diamonds. Usually gold buyers offer you to remove the stones and give them back to you since they are paying only for gold.

These are some tips you can use if you are looking for places to sell gold. It is always a good idea to choose the one has more customer reviews and feedbacks. Make sure that establishment is permanent and reputable. Ask plenty of questions and make sure that they are being transparent about how they determine the value of your gold.
These techniques help you get the most cash for your gold, silver or platinum.

Key driver of gold

Key driver of gold in 2014: physical demand

Demand for physical gold out of China and other emerging markets has become the key driver of bullion prices, according to HSBC, as the rampant outflows from exchange traded funds (ETF) seen last year begin to stabilize.

“Investment demand, which had fueled the rally for over a decade, is no longer driving gold prices,” James Steel analyst at HSBC wrote in a report on Tuesday.

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