Ben Soldaat (616)-378-0240
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Jewelry and Coin Appraisals
Grand Rapids Coins is pleased to announce that we will enjoy meeting with customers by appointment at our new office, conveniently located at 3181 Prairie St. SW, Grandville, Michigan 49418.
We are located near the RiverTown Crossings Mall, minutes from I-196 exit 70 and off of Ivanrest Ave. Click here to get directions.
Coin Collections
Selling Your Coin Collections Can Be Lucrative
Unlocking value from personal coin collections is easy to do if you are armed with the facts, and deal with a reputable gold/silver buyer. Grand Rapids Coins will provide a professional evaluation of your collection, offer options for selling your collection, or purchase your old coins on the spot. Due to our numismatic expertise and low overhead costs, we strive to offer the best possible prices for gold and silver.
What Makes a Coin Valuable?
Several important factors must be considered when placing a value on your coins and collection. Learn about the main factors considered when evaluating old coins.
The Single Biggest Mistake
Your coin collection will instantly be worth much less if the coins have been cleaned in any way! Please do not clean them!
Gold and Silver Content
Regardless of condition, gold and silver coins are worth a significant premium above face value. Nice uncirculated gold and silver coins often sell for premiums much higher than gold or silver content value. Silver dimes, quarter, half dollars and silver dollars 1964 and early are 90% pure silver. Kennedy half dollars from 1965-1970 are 40% pure silver.
Specific Dates and Mint Marks
Age is not necessarily an indicator of value, but some specific dates are much rarer and move valuable than others. For example, an 1879-S Morgan Dollar is worth $24 in very good condition but an 1893-S Morgan Dollar in very good condition is worth nearly $2,000.
Coin Demand
Like all collectibles, demand for all types of coins varies with the collectors who seek them.
Coin Condition
Original, unaltered, and uncleaned coins in good condition will always be worth more than cleaned, poorly kept coins.
Eye Appeal
Luster, brightness, and toning may all contribute to enhanced coin value.
Varieties / Errors / Mistakes
The coin world is full of exciting oddities. Some are rare and highly desirable. Your coin may have one.
Gold / Silver Jewelry Collections
Unlocking the value from your personal jewelry collections is easy to do if you're armed with the right facts and deal with a reputable buyer. At Grand Rapids Coins, we provide professional jewelry evaluations of your collections, offer different selling options, or purchase your jewelry on the spot.
The Facts About Selling Gold and Silver Jewelry
Spot Price
Prices paid by buyers fluctuate with the spot price—the price per ounce of gold (or silver) on the commodities market. Like all commodities, spot prices vary wildly day-to-day, and even minute-by-minute. Accordingly, prices paid by buyers fluctuate with gold and silver prices. Today’s quote is not valid tomorrow.
Karat Weights
Gold jewelry comes in various karat weights…10K, 14K, 18K, and 22K. Pure gold is 24K but rarely found in jewelry. Karat weight refers to the amount of gold in a particular item. Example, 10K is 10/24 gold or 41.66% gold. So, 1 ounce of 10K gold equals .4166 ounces of pure gold.
Jewelry Pricing
Various factors affect prices paid for jewelry: changing commodity prices, impurities, refining costs, buyer fees, and the risk of counterfeit jewelry. Reputable gold jewelry buyers normally pay 78%-88% of the current spot price, depending on the volume and type of jewelry. Buyers at traveling hotel shows and gold-buying retail stores typically pay only 50-70% of the spot price.
Sterling Silver
Sterling silver jewelry has 92.5% purity. Reputable silver buyers usually pay 78% - 88% of the spot price.
Seller Identification
Due to risks related to stolen merchandise, sellers need to provide two forms of identification and be thumb printed.
Government Regulations
Per government regulation, 1099 tax forms (and homeland security anti-terrorism forms) must be issued for all jewelry sales in excess of $10,000.
If you're interested in getting your personal jewelry or coin collection evaluated, then call Grand Rapids Coins or submit the quick form on the right. All information will be held in the strictest confidence.
Get a free coin or jewelry evaluation
