The MGS Precious Metals Blog

Manhattan Gold & Silver is an industry leader in precious metal pricing and refining with more than 30 years of experience. During our time in the business, we’ve found the topic of precious metals to be a vast and interesting one. Here on our precious metals blog, we write in-depth posts about the science of precious metal refining, historical and modern uses for precious metals, market news, and much more. Subscribe to our RSS feed to stay current, and discuss the latest posts on our Facebook page.

How to Sell Estate Bullion & Coins

September 10, 2019 07:00
How to Sell Estate Bullion & Coins

When people choose to invest in physical precious metals like gold bullion or silver coins, they’re often planning for the future--not just their own, but their family’s as well. In some cases, these investors plan to include precious metals as part of the estate they will pass down to their heirs. Unfortunately, although precious metals are extremely valuable, liquidating physical investments like bullion for their maximum value in legal tender can be easier said than done.

We understand how stressful it can be to deal with precious metal items inherited through an estate. Estimating the value of each item and finding buyers who will pay fairly for them can easily start to feel like a full-time job. When it comes to selling precious metals, honesty and integrity are at a premium. There is constant demand for precious metals--so how do you choose a buyer you can trust?

When it comes to buying estate pieces like bullion bars, coins, and jewelry, Manhattan Gold & Silver proudly stands apart from estate liquidators and other precious metal buyers. During our 30+ years in business, our one-on-one customer service and flexibility in handling lots of any size has built a substantial base of clients who keep coming back for our fast and fair transactions. No matter what types of precious metal items you need to sell, we offer each of our clients the following:

Experience you can trust – MGS has been family-owned and operated since 1985

Maximum melt value – Generally, most consumer scrap jewelry sells for 70-80% of the melt value for their precious metal content. At MGS, we’re proud to pay our clients 98-99% of their precious metal’s melt value as set daily by the London Fixing.

Transparency – Customers can watch their precious metal scrap go through the entire process of being weighed, melted, and tested

Customer Service – We maintain an A+ rating from the Better Business Bureau

Speed – most transactions (even those from large estates) are processed and paid out the same day

Full ServiceWe also sell bullion for those who want to re-invest a portion of their payout

Flexibility – No lot is too large or too small. We buy almost everything containing gold, platinum, palladium, and silver (except for electronic devices and alluvial material). Some examples of items we accept from estate sales include:

  • Bullion bars and coins
  • Watches, chains, and jewelry--in ANY condition
  • Silver flatware
  • Sculptures, metalwork, and more

If you’re not sure of the precious metal content of items you have, we can find out for you! MGS has more than 30 years of experience testing items for precious metal content and purity. We also offer ultrasonic testingwhich is prefect for authenticating bullion and coins. The testimonials from our customers speak volumes, but allow us to prove it to you. Contact us today to learn how we can assist you with estate liquidation.

World's Oldest Coin Enters Private Collection

January 26, 2017 02:00

Last year was certainly an eventful one for gold markets the world over - even for collectible coins. In August, Austin Rare Coins and Bullion (ACBI) announced that it finalized the sale of one of the rarest and oldest gold coins in the world to a private collector.
The coin in question was minted circa 650-600 BCE in the country of Ionia – which is now modern-day Turkey. This age and origin indicates it was among the very first coinage ever struck by humankind. Maintained in astonishing Almost Uncirculated (AU) condition, the coin is a 14.41g of electrum (a naturally occurring alloy of gold and silver) stamped into an imperfect circle and marked with striations on the face. These striations are thought to represent a river – which would have been the most likely source of the electrum for the time.

Even more fascinating, this Ionian "Striated" Stater is part of a set of six. Ionian Stater coins were struck in different sizes according to their value, ranging from a 1/24 Stater to a Full Stater. Being among the first coins ever minted and circulated, all six versions of the coins are extremely rare. According to ACBI, the Full Stater they sold was the final piece that enabled the anonymous buyer to complete an entire set of Ionian Striated Staters – making it the third complete set believed to exist in the world today!


Breast Cancer Awareness Month 2016

October 21, 2016 03:00

To show our support for Breast Cancer Awareness Month, MGS is hosting a month-long charity raffle benefiting the Breast Cancer Research Foundation.
Every Friday this month, we will draw a winning ticket to receive a lavish gift basket. On the final Friday (October 28), we’ll have our grand prize drawing: a gift basket containing $500 worth of scratch off lottery tickets!
Entries are $20 each, with all proceeds going to the Breast Cancer Research Foundation. There are two ways to enter: in-person at our storefront in the Diamond District, or online at our BCRF Fundraising page. If you do not wish to enter the raffle, but would still like to donate to the cause, you may use the “anonymous donation” option online – or visit us in-store.

October 28 is fast approaching, so don’t forget to enter the raffle while you still can! If you have any questions about the prizes or donations, call us at (212)398-1454 for more info.

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