GOLD & SILVER WANTED! Cash For Your Gold & Silver Jewelry, Coins, Bars!

Posted by Perry Lewin | Cash for Gold,Coins & Bullion | Thursday 29 May 2014 4:30 pm


For the past 21 years, Decatur Jewelry & Pawn has been buying Central Illinois’ gold & silver.  Long before “Gold Buyers” started popping up everywhere, we were already buying.  Our reputation, strong customer service & high prices have taken us into our third decade of providing Decatur and Central Illinois with excellence.

  • CASH FOR YOUR UNWANTED, UNWORN & BROKEN GOLD & SILVER

  • ALWAYS BUYING GOLD & SILVER COINS

  • HIGHEST PRICES PAID

  • GOLD JEWELRY

  •  MORGAN, PEACE SILVER DOLLARS, 90% SILVER COINS & MORE!

  • CHAINS, BRACELETS, RINGS, PENDANTS

 

Anything Gold, Anything Silver! Any Condition!

Highest $ Prices $ Paid

For a Free, No Obligation Quote, please visit either location in person.  For out of area customers, please call toll free 1-888-877-GEMS (4367) or email us here!

LOCATIONS:

 

$20 SAINT-GAUDENS U.S. GOLD COIN MS 63

Posted by Perry Lewin | Coins & Bullion | Wednesday 31 July 2013 8:30 am

St. Gaudens $20 Gold Coin

 

 

 

 

 

 

The Saint-Gaudens “double eagle” has been widely recognized as a masterpiece and often thought of as the most magnificent and sought-after U.S. coin of the 20th century.  They are also getting rarer by the year.

The Saint-Gaudens double eagle is a twenty-dollar gold coin, or double eagle, produced by the United States Mint from 1907 to 1933. The coin is named after its designer, the sculptor Augustus Saint-Gaudens, who designed the obverse and reverse. It is considered by many to be the most beautiful of U.S. coins.

In 1904, President Theodore Roosevelt sought to beautify American coinage, and proposed Saint-Gaudens as an artist capable of the task. Although the sculptor had poor experiences with the Mint and its chief engraver, Charles E. Barber, Saint-Gaudens accepted Roosevelt’s call. The work was subject to considerable delays, due to Saint-Gaudens’s declining health and difficulties because of the high relief of his design. Saint-Gaudens died in 1907, after designing the eagle and double eagle, but before the designs were finalized for production.

After several versions of the design for the double eagle proved too difficult to strike, Barber modified Saint-Gaudens’s design, lowering the relief so the coin could be struck with only one blow. When the coins were finally released, they proved controversial as they lacked the words “In God We Trust“, and Congress intervened to require the motto’s use. The coin was minted, primarily for use in international trade, until 1933. The 1933 double eagle is among the most valuable of U.S. coins, with the sole example currently known to be in private hands selling in 2002 for $7,590,020.

OTHER ST. GAUDEN COINS IN STOCK:

  • 1924 MS63
  • 1924 MS63 (sold)
    1924 MS63 (sold)
  • 1927 M-63
  • 1926 MS64  (sold)

Decatur Jewelry & Pawn has been one of Central Illinois largest and most reputable places to find that one coin – gold or silver, or the place to buy, sell or trade several coins.

For more information on these, or other, coins, please email us here, or call toll free 1-888-877-GEMS (4367)

Gold Hits New 4-Week Low. Great Buying Opportunity. Feb. 2013

Posted by Perry Lewin | Cash for Gold,Coins & Bullion | Tuesday 12 February 2013 10:42 am

Gold prices are trading near steady levels in the early going Tuesday, but did hit another fresh five-week low overnight. Gold has seen some intensified technical selling pressure early this week. The U.S. dollar moving to a four-week high Tuesday is also a bearish underlying factor for the gold and silver markets.

News that North Korea has detonated another nuclear bomb underground, in defiance of United Nations. had little impact on the market place overnight. However, North Korea’s rogue status on the world stage could quickly flare up into an international incident, which would prompt investor demand for perceived safe-haven assets like gold.

Moody’s ratings agency on Tuesday lowered its economic growth expectations for the eight major economies of the world. Moody’s said the growth rate of the group would be a collective 1.4% in 2013. That’s down 0.2% from Moody’s forecast for the same group in November. That news helped put some downside price pressure on the European stock markets overnight.

So, all of this recent news plays right in to the two precious metal’s future; gold and silver.  With the recent tensions along the Asian Pacific Rim, stagnant economic growth and near 0% interest rates, many people tend to favor a more stable alternative to the volatile stock market and shaky banking industry.  So, with gold and silver nearing a 4-week low, now is a good time to consider purchasing the two precious metals as a hedge against future inflation and uncertain economic conditions.

There are a number of ways to buy and hold silver and gold.  With silver, one could buy pure silver, sterling silver or 90% “junk silver” coins.  With pure silver, your options are once ounce Silver American Eagle Coins, which are .999 pure or fine.  Another option is purchasing “silver rounds” or “silver bars,” usually in one, 5 or 10 ounce increments.  Sterling silver, or .925 silver, is another viable alternative.  These are usually silver commemorative items.  These come in many forms, such as national milestones or historical moments, recreated in a coin form.  The last method is to purchase U.S. coinage, minted 1964 or earlier in dimes, quarter & half dollars.  These are called “junk silver” because the parcels are usually mixed, containing a quantity of the above mentioned coins.  Each $1 in face value of these coins (i.e. 4 quarters, 10 dimes, 2 half dollars, or a combination of them) contain about 22.50 grams of pure silver.  At today’s silver price of $30.50, $1 dollar in face value is worth about $20.00 on the open market. This method is sometimes more preferred because you have more flexibility in selling or bartering different amounts as needed.

In conclusion, with all of the uncertainty in the world, don’t let dips in the precious metals market scare you.  They usually tend to be good buying opportunities to add to your precious metal stack or to begin buying.  At the end of the days, as long as all of the factors still exist that I mentioned above, gold and silver will still have a long life with regards to maintaining and or increasing in value.

If you would like more information on this blog article, or on buying and selling precious metals, please email here, or call toll free 1-888-877-GEMS (4367).

 

The Next Big Move In Gold: INFLATION

Posted by Perry Lewin | Cash for Gold,Coins & Bullion | Monday 4 February 2013 11:03 am

The U.S. economy is on the mend, European officials remain committed to “do anything it takes,” and China appears to have skipped past the hard landing feared by some last year. While the entire world markets remains mired in a slow-growth environment, the financial markets are healing and economies are moving forward from the panic and frenzy of the 2008 financial crisis.  Most see that the worst may now be behind us.  So what’s next,? you ask.  Inflation.

Currently, inflation remains tame, tamed by the tight-credit conditions in the U.S., along with persistently economic growth in the U.S., Europe & Asia.  For the past few years, the seeds of inflation have been planted in the form of quantitative easing (printing more money) throughout the world.  Countries around the world have kept the switch on their monetary printing presses, spitting out billions and billions of dollars worldwide. Soon, each country’s economic conditions will start to speed up.  This is where inflation comes into play.  The definition of inflation, basically, is “Too Many Dollars Chasing Too Few Of Good.”  This could and should be the next uptick momentum in gold & silver.  In reality, governments can’t print money forever without it having adverse affects in the markets at some time.

Now, this won’t happen overnight.  Actually, this new momentum can, and probably will, take a year or two before the effects of the overprinting of money will appear as inflation.

Growth will eventually gain sustained and stronger traction, which will leave the U.S. Fed and other central banks in a position needing to reverse and pull back in the trillions of liquidity floating around in the global financial system.

For now, the inflation factor and the “experimental” quantitative easing  remains probably at least a year off. It may take time, but the seeds, while dormant now, have been planted for another fresh wave in gold ahead.

For more information on this article, purchasing gold or silver, or any item on our website, please email here, or call toll free 1-888-877-GEMS (4367)

90% Silver Coins – $1,000 Face Value Bag

Posted by Perry Lewin | Coins & Bullion | Wednesday 30 January 2013 9:34 am

Bag of 90% U.S. Silver Coins

$1000 Face Value Bag of 90% Silver Coins.

One of the most popular ways to invest in silver bullion or “coins” is with the 90% U.S. silver bags. Commonly  called “junk” silver bags, this name is misleading.  This name was developed in the 1970s and was used to describe a bag of average circulated silver coins, meaning no rare coins were included.

Contents
All silver coins are struck in 1964 or earlier with 90% purity. Each bag contains $1000 face value of either all dimes or quarters, and contains approximately 715 ounces of pure silver.

Decatur Jewelry & Pawn is a major buyer and seller of 90% silver coins, along with Morgan & Peace Silver Dollar Coins.  We are a platinum member of the PCGS (Professional Coin Grading Service).

Item Number:    I-5233

Product Type:     Bullion

Size:     Dime, Quarter, Half Dollar, mixed, ungraded

Material:    794.4 oz .900 Silver (gross weight)

(715 oz of Pure Silver)


Price:    $23,895 (priced Wed. January 30th. 2013 & actual price subject to change with market conditions.)  You must lock in final price before order is fulfilled.

For More Information, please email us @ plewin@decaturjewelry.com or call toll free @ 1-888-877-4367.

Shipping rates for Online Store bullion purchases:
$10 for orders less than $250
$20 for orders $250 – $400
$30 for orders $400 or more (requires the purchaser’s signature and ID for delivery)

Silver Up 30% Since Start of 2012

Posted by Perry Lewin | Cash for Gold,Coins & Bullion | Tuesday 28 February 2012 11:47 am

Silver American Eagle Coin

Silver Up 30% Since Start of 2012

Silver  prices Tuesday surged to  a fresh five-month high, near $37.00 an ounce.  The increase is mostly due to  fresh speculative and technically related buying. Of course, the weaker U.S. dollar  Tuesday is also playing into the  demand for silver. Silver has  the solid overall near-term technical advantage and has gained fresh ground this week. Prices are on  a two-month-old uptrend on the daily  chart. The resistant point in silver’s rally is $37.00.  Analysts predict that once this price point is reached, the demand for silver will increase further.

Decatur Jewelry & Pawn is one of Central Illinois’ longest and most respected silver and gold dealer.  We stock a nice selection of Silver & Gold American Eagle Coins, as well as a host of other popular coins, such as Morgan & Peace Silver Dollars, Kennedy, Franklin and Walking Liberty Half Dollars. The list is to much to list, so please stop in at either of our locations to view our vast selection.

For further information, please email us here or call toll free 1-888-877-GEMS (4367).

90% Silver Coins – $500 Face Value Bag

Posted by Perry Lewin | Coins & Bullion | Saturday 28 January 2012 9:30 am

90% Silver Coin Bag.

$500 Face Value Bag of 90% Silver Coins.

One of the most popular ways to invest in silver bullion or “coins” is with the 90% U.S. silver bags. Commonly  called “junk” silver bags, this name is misleading.  This name was developed in the 1970s and was used to describe a bag of average circulated silver coins, meaning no rare coins were included.

Contents
All silver coins are struck in 1964 or earlier with 90% purity. Each bag contains $500 face value of either all dimes or quarters, and contains approximately 357.5 ounces of pure silver.

Decatur Jewelry & Pawn is a major buyer and seller of 90% silver coins, along with Morgan & Peace Silver Dollar Coins.  We are a platinum member of the PCGS (Professional Coin Grading Service).

Item Number:    I-5233

Product Type:     Bullion

Size:     Dime, Quarter, Half Dollar, mixed, ungraded

Material:    401.96 oz .900 Silver (gross weight)

(357.5 oz of Pure Silver)


Price:    $12,259.00 (priced Friday, Jan. 27, 2012 & actual price subject to change with market conditions.)  You must lock in final price before order is fulfilled.

For More Information, please email us @ plewin@decaturjewelry.com or call toll free @ 1-888-877-4367.

Shipping rates for Online Store bullion purchases:
$10 for orders less than $250
$20 for orders $250 – $400
$30 for orders $400 or more (requires the purchaser’s signature and ID for delivery)

Gold & Silver Retreat On End Of The Year Profit Taking

Posted by Perry Lewin | Cash for Gold,Coins & Bullion | Tuesday 3 January 2012 11:55 pm

.999 Fin Gold Bullion Bars

The precious metals market took a beating the last month of 2011.  Gold & silver, both, had corrective pull backs leading into the new year.  Many analysts speculated and reported many different scenarios on what caused the correction.  Opinions are varied as to what the causes were and where the future lies for the precious metals market.  I am not an investment broker, analyst or speculator.  All I am is a jeweler, pawnbroker and coin enthusiast. Since 1985 I have been active in the jewelry industry, designing, making a repairing fine jewelry.  In 1993, I merged my jewelry business into the pawn industry.  The pawn industry allowed me to to utilize my jewelry knowledge and also expand into buying and selling gold and silver on a daily basis.  Naturally, silver and gold coins were readily available as customers looked to either add to their collection or sell when they felt the time was right.

This myriad of resources has afforded me a first-hand look at the inner workings of the the jewelry, pawn, coin and precious metals industries.  My viewpoints on precious metals are strictly from my hand-on experience with gold and silver.  I get asked almost daily from my walk-in and email customers where I think gold and silver are heading.  Quite frankly, my guess is just as good as anyone else’s and it’s just that: a guess.  But, in my humble opinion, I think that we have not seen the all-time highs in gold and silver as we head into 2012. Let me explain.

For the past 127 months in a row, gold has been on a constant rise in value.  Silver has followed pretty close behind.  The recent increase in both of the metal’s value has been attributed to a few causes, such as the our nation’s unrealistic debt, The sub-prime mortgage collapse, ballooning unemployment, zero employment growth, European’s insolvency and the Middle East civil unrest. Each one of these unfortunate events lent their part in making world financial markets very unstable and frightening.  Investors quickly turned to the “safe haven” of the two precious metals: gold and silver.  As the boom developed, many institutional investors, fund managers and speculators jumped in and the rest is history.  Soon, the buzz around the street was gold and silver.  Many coffee clutches began discussing the new daily highs and common individuals started to jump in, mostly on emotion and panic.  This only drove the prices higher.  The problem was toward the end of the high peak of $1,900 an ounce for gold and $48.00 for silver, what was driving the prices so high was uninformed, speculative buying from average citizens.  Soon the bubble burst and both metals took a dive, leaving many bewildered.

Over the next couple of months, both metals hovered at relatively lower levels than projected.  Then both gold and silver seemed poised for a rebound, but then in December, 2011, both the metals plummeted in value and it looked like the bears were going to take over.   At this point, I advised anyone who asked my opinion to either hold on to what they had or to begin buying more at these depressed prices.  Why?  Quite simply.

Remember those world-wide disaster scenarios I mentioned above?  They all still exist today.  The U.S. debt still exists.  Governments are printing more money than their presses can handle.  Europe is still broke and no sign of recovery is on the horizon.  The Middle East is still fighting their worst civil unrest in decades.  The American people have lost all confidence in our legislative branch to accomplish anything.  The list goes on and on.  So, my point is all those factors that allowed or made gold and silver to rise are still in place.  So, until some of or all of these issues get resolved, gold and silver are still going to increase in value.

People panicked at the sudden decrease and they sold on emotion, just as they bought on emotion.  A correction was long overdue.  At year’s end, many fund managers sell funds that have realized a nice profit.  This looks good on their balance sheet.  Some of the selling was due to “margin calls.” This is when fund managers have to pay in cash for their purchases they previously made with “credit.”  In order to do this, they sometimes have to sell their precious metals holdings to cover their debt.  This is usually in the tens of millions of dollars, so if a few fund mangers do this in a short period of time, the metals will go down in value.  Why the huge swings up and down?  This is sometimes caused when “bargain hunters” start buying gold and silver when the market suddenly drops.  When purchases outnumber sellers, the market goes back up.

To put it all in perspective, one must research the causes for the rises in the precious metals market.  Once you determine what caused this, ask yourself what is the future of those causes.  Are they waning?  Are they still present?  Are solutions or peace treaties being developed?  Is this U.S. Congress helping or hurting America?  The answer lies within these questions.

I’m still buying because I know the government can print money all it wants, but it can’t print more gold and silver.  If you have questions or comments on this article, please feel free to email me at plewin@decaturjewelry.com.  Thank you for viewing my website and reading my articles.

2011 Silver American Eagle Bullion Coins In Stock

Posted by Perry Lewin | Coins & Bullion | Wednesday 19 October 2011 9:28 am

American Silver Eagle Bullion Coin

Decatur Jewelry & Pawn just took receipt of a large stock of 2011 American Silver Eagle Coins.  Purchasing these beautiful coins is a smart way to invest in silver.  These are also an inexpensive gift idea.  Hurry.  Our stock is getting low.

The American Silver Eagle, an official bullion coin of the United States was first released by the U.S. Mint in 1986. Bearing the motifs of a handsome eagle and Lady Liberty, the coin celebrates the eternal American values of freedom, pride and dignity. Alloyed for wear-resistance and durability, the coin’s weight and content are guaranteed by the Government of the United States of America.

With the price of silver retreating lately, now is a good time to consider buying.  Silver prices reached an all time high of $48.00 an ounce.  In May, 2011, it retreated to $32.00 an ounce, then climbed to $43.00 an ounce in September, 2011 and has now settled in the $30. to $32. range as of late.  Silver is expected to climb again within a 12 month period.

Format      Weight       Face value       Diameter        Thickness        Fineness

1 oz.           31.1g           $1.00           40.6mm         2.98mm         .999

Contact Decatur Jewelry & Pawn to place your order now at 1-888-877-GEMS (4367) or email plewin@decaturjewelry.com


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