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Seeking out honest, reputable gold dealers is important when deciding to invest or sell your gold. Finding reliable gold dealers can save you a lot of time, money and stress, especially when dealing with valuable item or personal possessions. Here are a few tips to consider when searching for an honest gold dealer.

Does your jewelry dealer have a valid license? In California, jewelry dealers are required to have a license, but not all of them do. A licensed gold dealer protects consumers by taking steps to prevent theft and fraud. Ask your prospective jewelry dealer if they have a license – it should be on display and they should readily present it to you.

Be aware of how gold is purchased. There are plenty of ads for gold dealers willing to pay you a quick sum when you send them your gold jewelry. But did you know it is illegal in California and most states within the USA for gold dealers to purchase jewelry through the mail? Also, be aware of whether the dealer is weighing your items in grams, avoirdupois grams, pennyweights, or troy ounces. Each unit is slightly different, and some dealers use this to imply they are offering more, when actually they are offering less. Be careful that the gold dealer you choose is abiding by the relevant laws and regulations.

Do your research to find a suitable gold dealer. The Internet provides plenty of resources to check whether a gold dealer is reputable and honest. At Paul Albarian & Associates, we have over 22 years of experience and are proud of our reputation. Give us a call or stop by our office, and we’ll be happy to talk about the steps we take to be your trustworthy gold and jewelry dealer.

Are you interested in making some extra income by selling your gold items? Many financial advisors recommend their clients invest 5% to 15% of their investment portfolio in rare coins, and precious metals as a hedge against the weakening of the United States Dollar, inflation, and world instability. We also offer up to 15% commission on jewelry sales when you refer your friends or family. Please call Paul Albarian today at (818) 827-7152 to set up an appointment and get free information.

Some gold bullion bars and coins are reportable and subject to confiscation by the federal government. You may ask what does reportable mean? When a customer sells a bullion coin or bar that is reportable, the dealer who is buying the item has to fill out a 1099-B form and submit one copy to the IRS and the other to the customer at the end of the year. This involves the customer giving the dealer their Social Security number and a copy of their driver’s license. So, this process works like interest, profit, and dividends you may receive from many of your other investments and bank accounts. By law you always have to report your gain or loss on your taxes, when selling rare coins and precious metals. Please talk to a tax professional to make this more specific to your situation.

Rare coins can be a good investment and are always exempt from being reportable and subject to confiscation. If the bullion coin or bar is exempt from reportability or non reportable you will not have to give your Social Security number and driver’s license to the dealer. The dealer does not have to fill out a 1099-B form and what you do on your tax returns is private. This is between you and maybe a tax professional only. This is where an experienced dealer like Paul Albarian with over 22 years of experience can help you in making the right kind of gold investments to meet your goals.

Confiscation of gold involved an Executive Order by President Franklin D. Roosevelt in 1933. A Paraphrased copy of this law is on my website at www.albariancoins.com. There was an emergency in our banking system. Many banks went bankrupt, and FDIC was not around at the time to compensate customers for losing their life savings in bank accounts. The Great Depression had effect people’s lives and money around the world. The president ordered everyone in the United States to turn in their gold within 30 days at face value or they would incur a maximum punishment of ten years in prison and a $10,000 dollar fine. Rare coins were exempt. Remember my last blog? The definition of a rare coin is a coin dated before 1965 with a value greater than their metal value. The purpose of it being minted was for the consumer to buy their food, goods, and services.

Another Executive Order effective from 1974 to the present allows, citizens of the United States, to trade or invest in any and all bullion and collectible gold coins without penalty. Many people today believe this Executive Order of 1933, could take effect again if there was an emergency in our banking or other financial system. If this concerns you, please ask us how we can protect your privacy and the possibility of federal government confiscation of gold and other precious metals in the future.

What types of investments are considered reportable? Before making an investment, do your research. We at Paul Albarian & Associates will be glad to provide further guidance, and help you
Put together a rare coin and precious metal portfolio that you should be able to hold, buy, and sell privately and should not be subject to confiscation by our federal government.

Are you concerned about the effects the government and banks could have on your current and future savings and investments? Many financial advisors recommend their clients invest 5% to 15% of their investment portfolio in rare coins, and precious metals as a hedge against the weakening of the United States Dollar, inflation, and world instability. Please call Paul Albarian today at (818) 827-7152 to set up an appointment and get free information.

Platinum, along with gold, silver, and palladium, is one of the precious metals we buy and sell at Paul Albarian & Associates. Platinum has become very well-known over recent years, and is increasingly used in high-end jewelry. Platinum also has a number of scientific and technical applications, which is one of the key reasons it is so valuable.

Platinum is a key component in catalytic converters. Platinum plays a central role in cleaning your car’s exhaust by reducing the amount of unburned hydrocarbons. This is an important part of reducing your car’s harmful emissions. The platinum content is also one of the reasons it is so expensive to replace a catalytic converter! Platinum is ten to twelve times more rare than gold and 90% of it is produced by Russia and South Africa.

Platinum is used in standards for weights and lengths. Because platinum remains relatively unaffected by heat or chemical reactions, it is an excellent material for making “standard” representations of weight and length. For example, the “International Prototype Kilogram” is made of a 90% platinum alloy, and the “International Prototype Meter” was made from the same 90% platinum alloy until 1960, when radiation wavelengths became the preferred method for standardizing length.

Platinum has a high “heat ratio” and is non-corrosive. This makes it an ideal material for building many chemical and electrical components, because it remains unchanged by the reactions around it. For example, platinum wire and other components are used in laboratory equipment, especially those which require careful heat calibration.

Do you know a parent or grandparent looking to make an investment with their children and grandchildren’s future in mind? Many financial advisors recommend their clients invest 5% to 15% of their investment portfolio in rare coins, and precious metals as a hedge against the weakening of the United States Dollar, inflation, and world instability. Please call Paul Albarian today at (818) 827-7152 set up an appointment and get free information.

Coin dealers trade in: Bullion coins and bars, and rare coins. When preparing to purchase coins as an investment or a collectible, it is important to understand the difference between precious (bullion) metals, and rare coins.

Bullion coins & bars are minted for the purpose for consumers to invest in that precious metal. You have the choice of investing in gold, silver, platinum, or palladium. Most bullion coins and bars have a metal purity of at least .999 or greater, although sometimes alloys are added to increase their durability. While they often have a “face value” and could be used as legal tender, their metal content alone is worth much more than is listed on the coin. The two most common types of bullion coins are the American Eagle series and the Canadian Maple Leaf series. Many other countries also mint bullion coins, such as the Australian Gold Kangaroo and the South African Krugerrands.

Rare Coins were minted, with the exception of special proof issues, as spendable money to buy goods and services. Rare US silver coins were typically minted before 1965, and rare US gold coins were minted before 1934; however, dates of rare coins vary by country. While there are thousands of coins that are sometimes thought to be of value, many are actually quite common. The age of a coin does not always dictate its value. For example, the “Lepton” is an ancient Roman Bronze coin minted between 103 – 76BC. It is a common find and usually has a wholesale buy value of less than $10.

Consumers get advertisements for “rare coins” and precious metals from telemarketers, in the mail, and on television. Many times these coins are priced so high they are not worthy investments. Always talk to a coin expert like Paul Albarian, who has over 22 years of experience in the market, for free advice.

Many financial advisors tell their clients to have between 5% and 15% of their portfolio in rare coins and precious metals as a hedge against inflation, weakening of the US Dollar, and world instability. Do you know someone who is looking to invest, and is concerned about a weakening US Dollar? Have them visit our office to learn more about the rare and bullion coins offer investors!

We offer up to 15% commission when you refer family and friends to Paul Albarian & Associates!

Who do you know that has jewelry they never wear? Maybe it’s broken, an unwanted gift from long ago, or simply stored and forgotten. Many of these items can easily be turned into cash! At Paul Albarian & Associates, we buy many types of jewelry, watches, diamonds, and sterling silver flatware in new or damaged condition. Have them bring their jewelry to us – we give our customers free verbal appraisals. And if they mention that you referred them to us, we’ll pay you up to 15% of the purchase price when they sell it to us. This offer does not apply to coins and bullion.

To learn more about how to earn commission from referrals, please call us at (818) 827 – 7152.

Price is an important consideration when buying or selling jewelry or coins. At Paul Albarian & Associates, LLC we value our customers and want to provide them with the best deals available on items made of gold, silver, platinum, and palladium. When preparing to buy or sell rare coins, precious (bullion) metals, or jewelry, we encourage you to do your research to find the best price. When doing so, keep the following two points in mind:

The price for any individual item is based on the value of the metal, plus market demand for the specific item. Some items are valuable primarily because of their metal content; they are quite literally “worth their weight in gold”. Other items, such as rare coins or jewelry, may command a higher price if there is market demand for them. Your gold dealer should give you an honest assessment of the market value for the particular item you are looking to buy or sell.

Check your jewelry dealer’s license. Do they have one? Jewelry dealers are legally required to have a license, but not all of them do. The license should be prominently displayed, up to date, and the dealer should be happy to point it out. Having a license means the dealer takes safeguards to protect against the purchase or sale of stolen jewelry, which helps protect the consumer against illegal deals.

Do you know someone who recently inherited his or her relative’s jewelry collection? Do they want to keep some pieces for sentimental reasons, and receive a fair price on the rest? Have them visit us – we’ll give them an honest assessment of the value, and will be able to purchase the jewelry that day.