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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.

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.

Secure Shipping Tips for Precious Metals

May 4, 2016 03:00

Have you ever had butterflies in your stomach just from mailing loose gems or precious metals? It goes without saying – it can be stressful dealing in high-value materials through the mail. Whether you’re sending repaired jewelry back to the owner or shipping directly to MGS to earn top-dollar on your scrap while saving time, the safety of your shipment is not totally out of your control.
   
By carefully choosing your shipping company, adding on the right shipping options, and packing up your shipment properly, you can reduce your merchandise’s exposure to theft and exposure during transit. For example, large boxes are easier for a shipping company to keep track of, and they are harder to steal. Layering your packaging by packing a box within a box is an easy way to gain the security of a large box for shipping something small like jewelry. You should also choose a shipping company that specializes in secure transport, insure your package, and get a receipt with a tracking number.

These tips and more are covered in our infographic on secure shipping best practices below.

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