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!

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.

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.

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.

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!