NYC Bullion Blog

Understanding the market dynamics of precious metals such as gold and silver is pivotal for investors. These markets are influenced by various global events, including economic factors, political developments, and even natural disasters. This blog post will delve into how these global events can impact the prices of gold and silver.

In the bustling heart of New York City, the market for precious metals like gold, silver, and platinum thrives. However, along with genuine products, counterfeit items lurk, ready to trip up unwary investors and collectors. This comprehensive guide provides essential insights into spotting fake or counterfeit precious metals, a skill that could save you significant financial distress.

In this blog post, we will compare gold and silver, discussing their key differences and factors to consider when making your investment decision.

Whether you're an experienced collector or a beginner in precious metals investing, understanding how to test silver products at home can be an invaluable skill. This guide will walk you through several methods that can help ensure the authenticity of your silver purchases.

When investing in coins, it's crucial to understand the distinction between numismatic coins and bullion coins. Each type of coin serves different purposes in an investor's portfolio and carries its unique set of advantages and disadvantages. In this article, we will explore the differences between numismatic and bullion coins and help you determine which option is best suited for your investment strategy.

Selling precious metals can be an essential part of an investment strategy, allowing you to liquidate your assets and capitalize on market gains. However, navigating the process of selling gold, silver, platinum, or palladium can be daunting for first-time sellers. This blog post aims to provide you with a comprehensive guide on how to sell your precious metals, ensuring you make informed decisions and get the best possible value for your investment.

Navigating the world of coin collecting and investing requires a thorough understanding of the various coin types and finishes available. Brilliant uncirculated, proof, and burnished coins are among the most sought-after categories, each with distinct features and value attributes. In this article, we will explore the differences between these three coin types and discuss their respective investment potentials.

When it comes to investing in gold, one of the most common dilemmas investors face is whether to buy gold bars or coins. Both options offer unique advantages and disadvantages, and the choice ultimately depends on your investment goals, preferences, and budget. In this blog post, we will explore the pros and cons of investing in gold bars and coins, providing valuable insights to help you make an informed decision.

Global economic conditions and geopolitical events have a significant impact on silver prices. In times of economic uncertainty or political instability, investors often turn to precious metals like silver as a safe haven for their assets.

This is the first year of issue for the 2021 Type 2 70 FDOI Silver American Eagle redesign. This is the first redesign in its entire history.

Do you know how certain coins acquire their market value and what is the specific factor that certifies their authenticity? Graded coins are highly appealing to both collectors and investors because their grading serves (such as NGC or PCGS) as a guarantee of their value and authenticity. The grading process determines the physical condition of the coin – the so-called “state of preservation”. Coin grading became a usual practice in the United States beginning in the mid-19th century when the US Mint issued the first collectible coins.  

A true symbol of high status, success, and prosperity, gold is a luxurious, highly desired precious metal. However, even if you own a stamped gold piece, its hallmark isn’t a guarantee of its real gold content. This article explores the best testing methods on how to perform a proper gold test. Remember that you can always get a free top-notch appraisal from our expert NYC Bullion team.

When collecting or selling bullion or coins, you may have noticed that some items come in an assay card, or are accompanied by a certificate of authenticity. In the bullion industry, the definition of assaying has two meanings. In precious metal refining, an assay process is a test procedure for measuring and analyzing the purity of a metal. This procedure includes determining its composition in ores, alloys, mineral deposits and precious metals. This way mints assure that the bullion meets its precious metal standards of content and purity.

Gold is a real global currency. If the fiat currency of your country fails, only gold can bail you out of this situation. Among all precious metals known to man, gold is the most highly regarded and has built and destroyed empires. People have been fighting since time immemorial for the ability to own this beautiful, glittering metal. Even today, many governments use gold for international trading. It is the most preferred precious metal for investment and acts as a hedge against inflation. Whether a freshly minted coin or old scrap jewelry, scrap gold always has value. Many people make a decent profit by dealing in scrap gold. It is a lucrative business that entices many. You can have a successful business of buying and selling scrap gold, all you need is to know how to go about it.

Get a free appraisal from a good jeweler, a professional diamond buyer, or even a pawnbroker. Tell the appraiser how you want to sell your jewelry so that they can provide you with the most realistic idea of the resale value. Getting free appraisals from two or three different stores will help you get a good idea of how valuable your diamond jewelry is.

Approach this process without unrealistic expectations about your diamond jewelry. Keep in mind that dealers and jewelers are in this business to make a profit, and if they agree to purchase your jewelry then they, in turn, have to make a profit out of it. Having unrealistic expectations will only lead to disappointment.

Familiarize yourself with the relevant information needed to sell diamond jewelry.

What is the difference between silver and sterling silver? Have you ever seen these numbers – 900, 925, 999 or 9999 – on your jewelry piece or bullion item? Some of you probably still wonder what they show or stand for. 

Silver is a precious metal which you won’t find in nature in a 100% pure form. This means that we need to extract it from various ores or mix it with galena and argentite. To offer silver the well-known shape, the ores undergo several refining processes. These processes separate the silver from all other types of particles. Namely, the complexity of these refining actions is the key factor that defines the fineness (and value) of silver. Thus, the first four numbers, the silver grades, showcase the amount of fine silver in a specific precious metal piece. For instance, 900 means 90% pure silver, while the remaining 10% indicate that it consists of other metals.

The maximum purity can reach up to 99.99% or .9999 fineness. But the most popular highest silver purity is 99.9%, .999 or 999 – all three being the same, differing only by scale/notation. Silver with .999 fineness is called fine silver, actual silver, or pure silver; 99.99% pure silver – ultra-fine silver. Therefore, the silver having less than .999 fineness is sterling silver, being usually 92.5% pure.

If you’re looking for a convenient way to sell your jewelry, try stores that offer consignment. Different kinds of stores offer consignment services (sell jewelry on consignment). This convenient service allows you to buy or sell jewelry. If you have a vintage piece of jewelry, or if you are an artist who plans to sell jewelry, consignment stores make a great option. Consignment is when you entrust a store that deals with jewelry and other precious metal products to showcase your jewelry for selling. Customers can take a look as they browse, and if they wish to buy your jewelry, the jewelry store will sell it on your behalf.