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Rare Gold Coins at the Long Beach Expo

August 31, 2009 by Administrator · Leave a Comment 

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The folks over at CoinNews.net are reporting that two huge California Gold Rush era assayers’ ingots, recovered from the famous SS Central America and with a combined weight of over 100 pounds of gold, will be exhibited at the next Long Beach Coin, Stamp & Collectibles Expo, September 10 – 12, 2009, in the Long Beach, California Convention Center, 100 S. Pine Ave.

During the three-day Long Beach Expo more than 1,000 dealers will be buying and selling rare coins, paper money, stamps, postcards, historic documents, antiques, estate jewelry and other collectibles. Some dealers will provide free, informal appraisals on gold coins and other items for visitors.

A free gold coin will be awarded daily to a registered visitor. Young numismatists’ activities include a children’s treasure hunt, educational programs, and collectors’ clubs meetings. Heritage Auction Galleries of Dallas, Texas, the world’s largest collectibles auction house, will hold a public sale of U.S. and world coins and paper money.

The public hours of the Long Beach Expo are Thursday and Friday, September 10 and 11, 2009, from 10 a.m. to 7 p.m., and on Saturday, September 12, from 10 a.m. to 5 p.m. (The show is closed on Sunday.) A complete Schedule of Events is online at www.LongBeachShow.com.

General admission is $6 (good for all three days); $4 for members of any coin or stamp club who display a valid membership card; and $3 for seniors 65 and older. Free admission for children ages seven and younger. Discount coupons are available online at www.LongBeachShow.com.

SDJB Expands Cash Loan Service

May 30, 2009 by Administrator · Leave a Comment 

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To better serve the San Diego community, San Diego Jewelry Buyers (SDJB) has announced that it has increased the firm’s limit on collateral cash loans on diamonds, fine jewelry, and watches to $250,000 per customer. According to SDJB president Carl Blackburn, the company has increased its cash loan limits due to the declining accessibility of mortgage loans from traditional banking institutions. Read more

More Folks Turning Gold Jewelry into Cash

February 25, 2009 by Administrator · Leave a Comment 

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More Californians are taking advantage of a jump in the price of gold to turn their old gold jewelry into cash, says the Santa Cruz Sentinel. The price of gold, which rose to $1,000 an ounce last February and March, then dropped to the mid-$900s, is back above $900 an ounce, sparking a gold rush.

The newspaper article mentions that Santa Cruz Pawn is the only licensed and bonded pawn shop in the city of Santa Cruz, and that it has been in business for more than 10 years, paying cash on the spot for jewelry that might be damaged, missing pieces or just not your style. Bruce Pedersen, owner of Watsonville Pawn, says that most people don’t know that they can come to a pawn shop to sell their gold jewelry. This is unfortunate, since Pedersen said that when he called the “cash for gold” phone number advertised on television, he got referred to another phone number, where he found the voice mail full and no longer taking messages.

Pederson also stated that the $900 per ounce advertised price quote is misleading because it applies only to pure 24-karat gold. Most gold jewelry is 10 karat or 14 karat, so it is worth less, he said. For example, 12 karat is 50 percent gold so the price could be $450 an ounce, half the rate for 24 karat gold.

Other advice worth remembering is that “if it’s gold over silver, it’s worth less,” says Michael Craig, owner of Monterey Bay Estate Jewelry and Antiques, explaining that silver is priced at $12 an ounce.

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While people of all walks of life are turning gold jewelry into cash, the opposite is true too. Many people are now turning cash into gold, seeing gold as one of the few secure investments in this volatile economy. To read about the cash to gold trend, go to this article: Record Sales for Gold Bullion and Coins.

Antiquorum Watch Auction Sees Record Sales

October 27, 2008 by Administrator · Leave a Comment 

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It is not only jewelry auctions that have been exceeding expectations lately as investors continue to move money into hard assets. Antiquorum reports that its first auction of the fall season brought in $9,892,812 from its sale of collectible clocks, pocket watches, and wristwatches.

In total, 404 pieces were sold. 34 percent of the items were bought via Antiquorum’s online bidding system. Buyers logged in bids from countries around the globe, including China, Germany, and Russia.

The highest sales price went to a Patek Philippe “First Series,” which scored a final bid of $1,514,400. But it was a wristwatch formerly owned by Albert Einstein that sparked the auction’s most intense bidding war. When the gavel dropped the Longines watch from the famed physicist was sold for $596,000, more than 2,000 percent its original estimated value (the highest price ever paid for a Longines wristwatch). Rolex also earned a record amount for its “Platinum Day Date” wristwatch which went for $78,000.

You certainly aren’t going to find those kinds of watches at a San Diego pawn shop, but the these auction results should show you that if you are in need of a good sized cash loan from a pawnbroker, a collectable watch is one of your best items to use as collateral.

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Have you been wondering just what estate jewelry is? Then wonder no longer. We’ve detailed it in this article: What is Estate Jewelry?

What is Estate Jewelry?

October 27, 2008 by Administrator · Leave a Comment 

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We’ve all probably heard of “estate jewelry” but what exactly is it? Is it just that old gaudy looking stuff we see in our grandma’s jewelry box? The answer is no. Estate jewelry is technically any jewelry that has been owned previously. It doesn’t matter how old it is.

The reason for the confusion is that estate jewelry is often sold side by side with “period jewelry.” What is period jewelry? Well, that is jewelry from a particular era such as Art Deco, Art Nouveau, or Edwardian. What confuses the situation more is that many modern jewelry items are being made in these period styles, and called “vintage-inspired” or “revivalist” jewelry. The appeal of this jewelry is that it is said to be a classic and thus never goes out of style.

But back to estate jewelry. Estate jewelry is a market that has increased dramatically in the last twenty years. In fact, industry experts have said that it is the fastest growing segment in the fine jewelry market. In addition to estate fine jewelry, estate costume jewelry is also being increasingly sought after by shoppers, who like its kitschy and often funky look.

If you are thinking about buying a piece of estate fine jewelry at a San Diego pawn shop, make sure it is coming from a shop whose owner or staff knows fine jewelry, diamonds, and craftsmanship. You need to always beware of counterfeit pieces or items that have been repaired or tacked together from parts of different pieces of jewelry.

Don’t expect that original paperwork or a receipt will accompany the piece, as that rarely happens. After all, remember that the person who gave the estate jewelry to the pawn shop owner was using it as collateral on a cash loan. They weren’t actually selling to the pawnbroker or were asked to provide such things as the original receipt.

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When people go to San Diego pawn shops, they often wonder what they should be looking for. Well, we have one answer: Look for Colored Diamonds!

Burma Ruby Ban Now In Force

October 6, 2008 by Administrator · Leave a Comment 

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San Diego buyers and sellers of antique jewelry and estate jewelry should be informed that last week a long-expected U.S. ban on gemstones from Burma (Myanmar) took effect—some two months after President Bush signed into law the Tom Lantos Block Burmese JADE Act of 2008. Read more

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