Tuesday, December 29, 2015

Gold and Silver Outlook for 2016


The questionability of the market today has lead to questions regarding precious metals and their worth in the upcoming year. The predictions and forecasts for 2016 have been made in order to determine the strength of the gold and silver market. The time seems right to sell your gold. Silver, on the other hand, has a higher industrial demand and can be used as an electrical conductive in all kinds of electronics. Silver is also used in solar panels in order to create electricity out of the solar cells, which is growing in popularity, in turn increasing the value of silver. However, there are different predictions regarding silver, which is why it would be wise to sell precious metals early in the new year!  

On the fashion side of things, gold and silver will always be trending. We will see the classic combination of silver and turquoise being paired with gold, pearls, and diamonds in 2016 as gold will be seen in more dramatic designs such as shapely cuffs, intricate bib necklaces, and chic collars. Bold and simple gold jewelry designs will definitely be the dramatic staple piece for everyone’s wardrobe in 2016. Stackable gold and silver rings will be seen more and more this upcoming year and are the perfect accent to any outfit. Even mixing and matching the precious metals is recommended! You can never go wrong with multiple pieces of strong gold or silver jewelry.

To either buy some new gold and silver jewelry to stay ahead of the trends, or to sell your old gold and silver items, stop by your Coin Galleries of Oyster Bay today!

Tuesday, December 22, 2015

What Makes One Gold Buyer Different from Another?


Selling your gold can be an overwhelming process if you have never done it before. Who can you trust to tell you how much your gold is really worth?

These questions, among many others, are the most common concerns when selling your gold. The following tips will help you to be mindful during the process and help you rest easy once you have hauled off what you are selling.

One of the first criteria people consider is selling local or online. Working with a buyer in person is a no-brainer as it will allow you more control over the sale as well as the opportunity to have instant cash. If you meet the gold buyer in person, you will have the opportunity to meet and build a rapport and hopefully make the process a little easier.

A major factor to consider is the experience of the buyer. Do your research before meeting someone or visiting a storefront! A buyer with decades of experience will be more trustworthy as opposed to someone who is new to industry as the former will almost always know the true value of your gold and will hopefully provide you with the best fair offer.

Establishing trust should be top priority once you select a gold buyer. You should understand their weighing system and the gold should be weighed in front of you. It would be best to go elsewhere if you feel the gold buyer isn’t be fully honest with you.

A trustworthy gold buyer should be willing to put their offer for your gold in writing. This is a good sign that their pricing is transparent and consistent. Keeping this in mind will be extremely beneficial to your prospective gold selling as a good relationship between the buyer and seller is key to a successful long term relationship.

Tuesday, December 15, 2015

What Are the Most Sought After Coins?


Coin collecting is an enduring pastime in American culture. Whether you're a novice or a veteran, you always know the money in your pocket could possibly be worth more than it’s traditional value, and because of this, buying and selling coins can be an exciting hobby.

Several aspects should be considered when it comes to hunting down new coins. Coins that either had a short run of production or a batch that had an error are considered rare and often offer the highest value yield. Also, coins with historical significance, such as circumstantial creation, are highly sought after as well.

Each currency denomination contains series or batches of in-demand coins. For instance, Lincoln pennies were first produced in 1909 have had a long history of value. While the value of the basic penny is less than the costs required to make one, some of these historical cents can earn you a pretty penny!

In 1955, a Philadelphia mint factory made an error in the creation of a dye used to create the penny. About 50,000 pennies were created with the year 1955 printed twice, overlapping each other. The value of this penny ranges for hundreds of dollars to thousands depending on the condition.

During World War II, copper had to be conserved for military use, and the production of pennies in steel occurred between 1943-1944 with limited circulation. Coins in this time frame range from the hundreds to hundreds of thousands. There also were some bronze pennies created accidentally in 1943 which have sold for over $1 million previously.

Similar scenarios have yielded high value returns for collectors in other denominations. State quarters from the early 2000’s with idiosyncrasies, such as misspells for the 2005 Kansas Quarter or issues with the artwork like the 2004 Wisconsin Quarter, have yielded for collectors at least twenty times it’s worth to date. A dime from the year 1873 has provided sellers with almost $2 million dollars.

Examining your everyday change can bring you much fortune, if you are lucky, and this is a great way to get started if you are new to the coin collecting hobby. By visiting a local collecting shop, such as the Coin Galleries of Oyster Bay, you can also educate yourself on other coins that are valuable.

Tuesday, December 8, 2015

Coin Galleries of Oyster Bay for the Perfect Holiday Gifts


The holiday season is a upon us once again and the holiday shopping has begun. We all want to get something special for our special someone this year, but finding the perfect gift a has proven to be more difficult than you thought. Fear not ambitious shopper, Coin Galleries of Oyster Bay can help.


The Coin Galleries has an unmatched variety of merchandise in stores and online. In stores you can find all kinds of memorabilia that is one of a kind, just like that special someone you are looking to find the perfect gift for. Coin Galleries of Oyster Bay carries everything from ancient Greek and Roman coins to political autographs and documents to historical artifacts to sports and celebrity memorabilia. You are sure to find unique, meaningful gifts for all your family and friends here.


Looking to dazzle that special someone with a piece of jewelry as beautiful as she is? The Jewelry Gallery of Oyster Bay, a division of the Coin Gallery of Oyster Bay, has an impressive selection of jewelry that will blow you away. You can shop in stores or online through their Ebay Store. The Jewelry Gallery has top quality jewelry as well as, top quality sale associates whose sole goal is to take the needs of the customer seriously. We take the time to get to know the customer and who they are shopping for by treating them like family so they can find the perfect piece of the best possible value.


The Jewelry Gallery of Oyster Bay offers certified diamonds, in a large selection of gorgeous settings. Looking for a custom piece? If you can dream it, we can achieve it! You can also add a special inscription to for that special someone. The gallery goes above and beyond to meet the needs of its customers by also offering, a lifetime upgrade program, a maintenance package, free steaming for life, wholesale pricing and layaway.

From its wide range of coins, jewelry, historic items and sports and celebrity memorabilia, it would be impossible not to find a gift at Coin Galleries of Oyster Bay for that hard to please person.

Tuesday, December 1, 2015

How to Get Started Collecting Coins


Coin collecting is one of the oldest hobbies in the world and is no longer “the hobby of kings” as it was referred to throughout history. The hobby exploded in the United States in the 1930’s when the U.S. Mint began issuing commemorative coins and has grown into a thriving community over the years. Collectors are interested in coins they believe will appreciate in value as well as coins that are rare, have mint errors, or were circulated for only a limited amount of time.

Collecting coins differs from numismatics, which is the collection of and broader study of money and other payment media used to resolve debts and the exchange of goods. The Renaissance brought about the first group of coin collectors who were of the privileged and aristocratic class. The Italian poet Petrarch is considered the first and is one of the most celebrated coin collectors in history. The Age of Enlightenment brought upon numismatics and coin collecting became a hobby pursued by people of all ages, races, and incomes.

Type collectors base their collections on a geographical region or time period and aim to get representative examples based on this criteria. Error collectors seek coins that were misprinted by the mint and can include coins double-stamped or not stamped at all, amongst others. Novelty collectors seek coins that were altered to honor a particular person or event, although numismatists do not consider these coins official and they are usually not worth as much.

Bullion collectors purchase investment-level coins struck almost purely from silver, gold, or platinum, and bullion coins are often found in investment portfolios. Bullion collectors tend to collect both the uncirculated and proof versions of bullion coins, with the difference being proof coins being sold with a collector in mind.

Getting started as a coin collector depends on what type of coins you would like to collect and how much you are willing to spend on the hobby. If you are looking to collect coins as a hobbyist, find an era or period of time, for example the Civil War period of the United States, and start your collection from there. An investment-minded collector will find better luck with bullion coins or error coins as they tend to be worth more in monetary value. Stop in to the Coin Galleries of Oyster Bay to see what the world of coin collecting can offer you!

Tuesday, November 24, 2015

Should I Invest in Silver or Gold?


Investing in precious metals has become a great source for investors to secure their wealth. With the rising national debt, it is feared that the dollar bill will depreciate in value. The monetary policies are continuously increasing their supply of currency. Investing in gold and silver will give you potential gains in the future, protect your family from central banking, and keep your portfolio balanced as well as a way of bartering in times of a financial crisis. Is gold or silver the better investment?

More and more investors are shying away from real estate and stocks to invest in silver. Silver offers a future return and is a safer investment than gold. Silver has unique molecular properties and is widely used in medical and industrial applications. Silver is also used in the production of automobiles, electronics, jewelry, and other uses. Silver is a source of high electrical and thermal conductivity. Analyst predict that within the next decade, the price and value of silver will dramatically be impacted due to the high industrial demand.

However, the rarity and stability of gold’s above ground supply is second to none. The money you invest in gold will be protected even when the dollar bill drops. Gold is valuable all over the world and is a universal form of money. When you invest in gold, you are guaranteed to get money back in return. It also secures your portfolio safety due to the price of gold rising when the stock market goes down.

Silver and gold each have positive attributes making them an attractive investment for a future return. It is important to keep a long term perspective before investing in these precious metals. While there is no doubt that they are on the rise, you should always do your own research before making any purchases or investments. The Coin Galleries of Oyster Bay will help with our vast knowledge to choose which to invest in!

Tuesday, November 17, 2015

Selling Your Silverware for Profit


The price of silver has dramatically increased, and most people are unaware that they can make a nice profit from selling their sterling silver flatware. While selling your old silverware at a garage sale might sound quick and convenient, you will most likely only get the minimum amount of money for it. A better idea is to research where to get the most money for your precious heirlooms.

On the back of every piece, you should look for “ster” or “sterling.” If your silverware comes from another country it will have the number “925,” or “925/1000”. 925 represents 92.5 percent silver and buyers will look for that hallmark on every piece before a purchase. This number guarantees the quality of the silver.

It is important to make sure your silverware is sterling silver because it has no resale value if it is silver-plated. Silver plated silverware is base metal coated with silver, and while it makes the end result appear to be real silverware, it is actually a lot less expensive and therefore much less valuable.

The sudden rise in the value of silver has a direct connection to the state of the economy. When the economy is strong, paper currency has more value. However, when the paper currency becomes unstable, investors look to precious metals to ensure their wealth. When the demand for these precious metals goes up, there is less of a supply, and the price rises. Right now is a great time to sell your silver!

If you are looking to sell your sterling silver flatware, The Coin Gallery of Oyster Bay will help you receive the most for your silver. There are also other silver items that you could sell to us, such as silver candlesticks, silver antiques, and silver jewelry for cash.

Tuesday, November 10, 2015

The Future of Investing in Precious Metals


As paper currency continues to depreciate, investors are looking to precious metals to preserve their wealth. Investing in commodities like gold and silver is said to keep your portfolio balanced. Based on the economy over the past couple of years, the argument for retaining precious metals to sustain wealth is gaining credibility.


When it comes to precious metals, gold has always been the most attractive to invest in, but there are three other major alternative investment metals. Silver, platinum, and palladium have all risen in price over the years and the demand for these precious metals has increased around the globe. These precious metals are found in coins and jewelry and are important assets for many industrial purposes.


The effect of the national debt has people buying precious metals to secure wealth as inflation threatens currency values. Buying these precious metals gives investors hope of retaining their wealth in times of economic upheaval and war.


The investment of precious metals takes different forms. Some people will purchase gold and/or silver coins and will keep them in a safe or in a safe deposit box at their bank. Another option is to buy precious metal ETF, which represents ownership of some small amount of that metal. The value of the ETF rises with the value of the metal. Some options include investing in stocks and mutual funds that hold shares in mining companies, purchasing antique or newly minted coins, or purchasing bullion bars.


A positive of investing in precious metals is that it’s a limited commodity. There are more precious metals being mined all the time but the total quantity isn’t growing at a very rapid rate. It also is a physical commodity if you choose to purchase a piece of that precious metal.

It’s important to keep a long term perspective before buying these precious metals. While it is no doubt that they are on the rise, you should always do your own research before making any purchases or investments, and at the Coin Galleries of Oyster Bay, we can help make the decision process easier.

Tuesday, November 3, 2015

Why Has Buying Gold and Silver Become So Popular?


The best investment is to put your hard earned money into is something that gives you future return and stability rather than the depreciation of the dollar bill. A recent trend spearheaded by fear of another economic crisis is that people are starting to invest in gold and silver in order to preserve their wealth.

The monetary policies of today are constantly expanding the supply of currency by at least 11% per annum. Investing in silver and gold offers you the opportunity to invest in a value that has potential gains in future years, protecting you and your family from the harmful policies of central banking.

Over 95% of the world’s current gold supply is in bullion vaults or in jewelry. The quantity of gold is almost fixed as the supply is growing at such a slow rate and gold owners are holding onto it as tangible wealth.

The restricted supply of gold allows it to be used as a great form of bartering due to its static supply and its relative reliability as compared to the purchasing power of currency. Nothing does the job quite like gold, they say, and this is true because nothing matches the rarity and stability of gold’s above ground supply.

Silver coins and silver bars are the two types of silver being traded, and silver coins in particular are easily tradable. The reason coins are preferred over bars is because coins are government minted and can be broken down into small quantities. Silvers offers unique features that remain key in the industrial and electrical applications due to its high thermal and electrical conductivity.

Investing in gold and silver is sure to give a return and is able to give you stability for when the monetary policies exceed and the dollar amount decreases. The Coin Gallery of Oyster Bay can help you buy and sell your gold and silver and answer any questions you may have!

Thursday, October 22, 2015

How to Make Money Selling Collectibles


Collectibles are most commonly referred to as items or objects people find joy in amassing due to their interesting origin or nature as well as their potential for future value. Some collectibles commonly sought after by collectors include stamps, artifacts, sports and music memorabilia, antiques, coins, comic books, video games, and classic or vintage automobiles. A collectible considered rare can hold a great deal of value to the right buyer, and believe it or not, there is a strong market for buying and selling collectibles in order to make money.
A collector may find the time is right to let go of their collectibles and could potentially make a nice profit by selling them. The joy one collector once felt for an object can often be transferred to another collector. Similar to selling any item or service, one should use a specific strategy in order to profit the most out of selling their collectibles.
The number one tip for someone trying to make money-selling collectibles is to acquire as much knowledge as you can about your area of collectibles. This is a great way to separate yourself from the pack because you are able to identify good deals that others cannot recognize. Becoming knowledgeable can positively affect your reputation in the collectibles world, which attracts more customers because they trust your judgment.

The number one tip for someone trying to make money selling collectibles is to acquire as much knowledge as possible about their specific market, allowing you to separate yourself from the pack by identifying good deals others may not be able to recognize. Gaining knowledge about your area of collectibles and its market can positively affect your reputation as more customers will be able to trust your judgement.

Selling your collectibles in the right place and at the right time can also affect your profit margin from your items. Online marketplaces such as eBay and Etsy allow buyers and sellers to interact easier than ever before. Buyers can make their searches extremely specific because their search doesn’t involve traveling to different auction houses or specialty shops. Knowledge is key in the industry and it is very important to know where and when to buy and sell your collectibles.

Why You Should Invest in Silver


Silver is a precious metal used primarily for investing as well as for industrial applications. Silver is different from gold in that it is notoriously volatile on the market, but since 2005, it’s value has steeply risen. In 2014, silver was at a high of $21.96 per ounce, and in the past five years, hit a top value of $48.58 per ounce in April 2011. Silver can provide a safe investment opportunity mainly due to its high industrial demand, and while prices are not as high as they were four or five years ago, the ebbs and flows of its value is largely dependent of the stock market.

The value of gold and silver are directly correlated with the Dow Jones Industrial Average. When the Dow climbs, investors put their resources into the stock market and away from precious metals, but the opposite occurs when the Dow drops.

A traditional way of investing in silver is to buy actual physical bullion bars, which are uniform in size and are easy to store. Hallmarked bars are easily recognizable and can easily be exchanged for cash.

Silver is considered a safer investment than gold because silver always yields a greater percentage increase on the precious metals bull markets. Industrial uses of silver also account for its success in the market. Silver is used in the production of electronics, automobiles, and jewelry, and new uses are still being developed.

A main reason to invest in silver is production and secondary recovery has failed to meet industrial demand since 1990. Aboveground supplies of silver have also been reported as being critically short. With industrial demand rising and the production deficit eating into aboveground supplies, many analysts have projected this will impact the price and value of silver in the next coming decade.

Silver can also be used as a hedge against inflation, especially in an unsteady and unpredictable marketplace, and the precious metal is favored during a financial crisis over gold. Investing in silver can provide a safe hedge during times of economic insecurity, and with the demand increasing, now might be the best time to add silver to your portfolio.