You just bought an old religious medal with a stamping on the back that indicates that is made of 18 karat gold. Now you’re sitting there looking at your treasure and wondering what it is worth. How can you make a quick down-and-dirty calculation? Don’t worry, we’re going to tell you in today’s post.
Read MoreYes, things are about to change in Great Britain, and possibly in other countries that might also chose to withdraw from the E.U. But before we get too concerned about our English and European cousins, let’s ask an even more important question: Do you have to pay duties on gold that you bring into the U.S. today?
Read MoreWe’re written about yellow gold, white pink gold and even blue gold before on our blog. They’re the beautiful varieties of karat golds that result when copper, silver and other metals are added to gold to create tinted alloys. But we’ve just learned a few new things about rose-colored gold...
Read MoreBokassa’s throne might have contained more gold than any other piece of furniture ever made. Although chances are pretty slim that you will walk into an antiques auction and find it sitting there awaiting your bid, there really is a chance that you might come across an old piece of furniture that contains gold. Where? Let’s find out.
Read MoreYou find an old watch, flip it over, read the stampings on the case or back cover, and think, “The case is 14K gold.” Then you make a snap judgment about how much the gold in the case is worth and either buy it or not, depending on the asking price. If that’s the way you consider watches, you could be making a mistake, because it’s a mistake to assume that cases are the only parts of watches that can contain gold.
Read MoreThose two exotic stories remind us that over the years, people have taken pains to disguise gold items from thieves, invading armies, greedy relatives and other hostile forces. At other times, gold has become hidden from sight by fires, drifting sand and other natural forces. What should you be on the lookout for? Here’s a quick list…
Read MoreIn the few days since Britain’s referendum vote to leave the European Union, we’ve seen headlines like these about gold: “Investors Move to Buy Gold as Hedge against Brexit Losses” and “Gold Prices Rise after Britain Decides to Leave the EU.” Do you notice anything funny about those headlines? If you consider them side-by-side, you see a problem: It the price of gold has already surged, why buy it now?
Read MoreIt might be tempting to think that gold cannot be forged. After all, it is so malleable that that banging on it will only make it spread out, not harden. Yet over the centuries, jewelers have developed two techniques that are called “forging” even though they are a lot different from the kind of forging that is used to harden steel...
Read MoreAre rare old books that sell for millions of dollars dripping with gold? To answer that question, let’s consider three of the most expensive books ever sold at auction…
Read MoreWhen you stop to think about it, radio-controlled drones equipped with video cameras have the potential to help find lots of precious metals. If you do a little hunting online, you will discover that the idea is really catching on. Some metal hunters have actually attached metal detectors to their drones...
Read MoreThe idea of extracting new gold from an old gold mine or gold claim is appealing, for several reasons...Reopening operations at an old mine or claim is a strategy that doesn’t guarantee profits...Despite those cautions, the fact remains that taking over an old site is extremely appealing.
Read MoreSecond, our caller was not correct when he said that a magnet wouldn’t tell him anything he needed to know along when he went hunting for gold. In fact, a magnet really can provide some valuable information in situations like these...
Read MoreIf you like to go looking for gold at estate sales, antique malls and other places where old furniture is for sale, here’s a little advice for you . . .Bring along a magnifying glass and check dresser drawers carefully for small items. Chances are good that you will find some very valuable small “stuff” rolling around, or lodged in the corners of drawers, or even hidden in the joints where a drawer’s bottom is inserted into the sides.
Read MoreStories have been making the news lately about a new vending ATM machine dispenses gold bullion bars. The company that makes the machines, Gold to Go, says that it has installed its machines in Dubai, Germany, Spain and the USA. There are even videos to watch online that show the machines being used by customers. They walk up, deposit bills or slide in a credit card and pick the bullion they want to buy.
Read MoreNow “Bering Sea Gold,” another program in that format, shows colorful characters looking for gold in someplace new – on the ocean floor of the Bering Sea, just off Nome, Alaska. There’s gold out there on the sea floor? Apparently, there is a lot of it.
Read MoreNo doubt, the spring season triggers thoughts of rebirth and renewal in all those religions. That made us wonder how many stories from the world’s great religions have to do with gold. Here are some that we found for you. And interesting to note, they just might contain some useful lessons about how to find gold in your own hunting for recyclable treasures.
Read MoreThe good news is that you found a lot of gold. The bad news is that you probably have to declare the value of the gold as income when you file your taxes and then pay income tax on it. That’s the lesson we learn from a now-classic court 1969 case called Cesarini v. United States. We’ll tell you all about that court case in a minute, but for now let us say that we’re only telling you about it for informational purposes and are not offering you legal advice.
Read MoreDuring the great gold rush, some prospectors were fooled by fool’s gold. It doesn’t happen often these days but sad to say, people continue to make other foolish mistakes about gold – and lose money. Let’s take a look at some of costly blunders people still make when buying or selling gold today.
Read MoreIf you’ve been hesitating about buying a metal detector, we’d like you to watch the videos we’re posting here today. They will convince you that those people you’ve seen using metal detectors at beaches and parks aren’t just poking around. They’re out there finding lost items that our precious metals recycling company can turn into cash for you. So sit back, enjoy watching, and learn how you can make some serious money in your spare time.
Read MoreIf you want to see what is probably the most valuable piece of metallic art on the planet, you’re going to have to hop on a plane, go to Thailand and go see the Golden Buddha (called the “Phra Phuttha Maha Suwan” in Thai), located in the Wat Traimit temple in Bangkok.
Read MorePrivacy | Legal/Terms | Shipping | Contact Us | Blog
Copyright © 2023 Specialty Metals Smelters & Refiners LLC
Office/Shipping Address: 2490 Black Rock Turnpike, Fairfield, CT 06825
