Canada has decided to do away with the cent, citing that it costs the mint 1.6 cents to produce one. Transactions will still be tracked to the cent, but if both parties find themselves without cents in a cash transaction, the transaction will be rounded to the nearer nickel. The reason this has come to … Read more
I know most Olympic athletes would disagree that a gold medal is basically the same as a silver medal. Some people call second place “first loser,” after all. Fast forward to 2070. Picture (hypothetically) Michael F. Phelps IV hard up for cash after a bad bet against the Norwegian cross country team in the Atlanta … Read more
A friend has been bit by the coin collecting bug. Like another couple of people I know, he’s withdrawn substantial amounts of coins from the bank and searches them for treasures, like older coins, errors, and coins with precious metals. To date he’s already found a number of silver dimes and half dollars (around ten … Read more
I received a question in a comment on one of my more popular posts that describes how to figure out how much gold jewelry is worth. Here’s the question: What is the dollar worth of an 18″, 14-karat, 14.38 gram weight gold chain? No formulas please. Before working out the answer, it’s important first to … Read more
You may have heard of cash-for-gold businesses — turn your gold into cash. The procedure for getting cash for your gold at these kinds of places goes like this: Request an envelope. Drop your gold jewelry in the envelope and mail it to them. They send you a check. Easy peasy, right? It is. The … Read more
A friend and I got to chatting about investments over lunch recently. After lamenting about the stock market, 401(k)s, and so forth, we talked a bit about precious metals. Like most people whom I’ve talked with about this subject — including myself, I suppose — we wish that we would have bought more $300 gold … Read more
Got this question a couple of days ago from a reader: How much is 15.4 grams of gold filled worth to a gold and silver place? Here’s what I can tell you. A gold and silver place will likely give you less than melt value for your chain. If they’re not going to resell your … Read more
Commenter Marlene on my post on how to value gold jewelry asked this: Is 14k Italian gold different in price than gold in the USA? The answer depends on which gold price we’re talking about. Italian gold retail price On the one hand, there is the retail price of gold jewelry. This is what you’d … Read more
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