That's What We Call a Rock

During a recent Christie's New York  Spring  auction sale, a diamond, called the Princie Diamond was sold for more than $39.3 million dollars this past week. The diamond is a 34.65 carat fancy intense pink cushion-cut diamond.

This price is a new record for Christies for any price of a jewel every sold. To read more about the origin and the history of this diamond, click here.

But that wasn't the only diamond that seemed to draw big buyers in at the auction. Here is a roundup of some of the other impressive jewelry sales. 

 

• A diamond ring by Harry Winston sold for $3.3 million. The ring was set with a marquise-cut diamond, weighing approximately 23.30 carats, flanked on either side by a tapered baguette-cut diamond and mounted in platinum (source: Christie's)

•  A three strand natural pearl necklace sold for $1.1 million 
  
• An 11.39 D Color internally flawless Emerald Cut Diamond fetched  $1.3 million

• A Harry Winston Diamond and Emerald Necklace was sold for $1.2 million
  

The auction took place in New York on April 16th.  Apparently, diamonds were the star of the show.  For more about the auction, visit www.christies.com

How much is your silver and gold worth?

`We often get calls from people, who want us to quote them a price over the phone for their various pieces of jewelry. Unfortunately, we are not able to do this because there are many factors that determine the actual value of your gold and silver. These factors include the purity (10kt, 14kt, 18kt, 22kt), the weight, the weight of stones in the jewelry as well as the spot price of gold and silver. We always recommend people just bring in what we have so that we can give them an accurate offer. But, if you are trying to decide a ballpark figure of the value of your unwanted jewelry, we have a tool that may help you get a better idea of what you have.

Gold Calculator:

These are not accurate by any means but if you do know the carat purity of your gold or it is marked sterling silver, and you have an exact weight, there are metal calculators that will bring up an estimate for you.

**Beware, however: These prices fluctuate by the hour and there is no guarantee that the actual items will generate you the money in the calculator. 

REMEMBER: THESE CALCULATORS ARE NOT CONCRETE AND DO NOT REFLECT THE PRICE THAT ATLANTA GOLD AND SILVER OFFERS.

**Here are a few sites where you can check out theses tools:
http://www.goldintomoney.com/calculator
http://coinapps.com/silver/coin/calculator/ - This is a great option if you have a lot of silver coins in your coin collection.  Basically, it gives you an estimate, based on the type and number of coins you have.

Not sure of the weight?  Try searching the Internet for a similar item. Generally if it is listed for sale somewhere, they will include the total weight of the item. Then you can insert that weight into the calculator for a better picture of what you have.

For some sample prices, and to get a general idea, click here.

Top 3 Reasons Why You Should Still Sell Your Gold and Silver

Even though gold prices have dropped, that does not mean you should not sell your unwanted jewelry and gold.  Here are 3 top reasons why it's still okay to cash in your silver gold and platinum when the prices are low.

1. SPRING CLEANING. If you have items that are gold or silver or old diamonds just sitting and collecting dust, why not sell? 
2. YOU STILL MAKE MONEY. Just because the prices of the metals are not sky high, does not mean you can't make money. In fact, there is still a lot of money to be made from your unwanted scrap metals.




3. BUY NEW and trade old. Buy that new piece of jewelry you deserve.  Out with the old and in with the new.


To find out more about how to sell your silver and gold, click here.

Got Gold Coins?

Gold and Silver coins can be very valuable. Whether you are a collector or happen to find a gold coin in an old box that belonged to your grandfather, these rare finds are worth a lot of money.


If you are not an avid coin collector, determining what you have and if it has value can be difficult.  Below is a quick guide to the most valuable coins and more specifically, the gold coins.   To find out what we will pay for yours, call us or come into Atlanta Gold and Silver.

American Eagle Coin-


Canadian Gold Maple Leaf:


South Africa Gold Krugerrand


If you are not sure what kind of coin you have and if it is of any valuable, go to www.coinflation.com. There you will find the price and value for specific coins.

For example a Liberty Quarter Eagle from 1840 to 1907 is valued at $190.40!





If you still cannot find the coin you are looking for, try to put the year and type of coin in google. You never know how much value a simple coin can hold.

How to Sell Your Gold

At Atlanta Gold & Silver, we get calls or customers that have never sold gold before. This is not uncommon. For some, the process may even seem intimidating or confusing.  It is actually very simple.  Here is what you can expect when you sell your gold silver or diamonds to Atlanta Gold & Silver.

• Go through your jewelry box and find unwanted gold or silver that you don't want.
• Bring your jewelry into our safe location in the heart of Midtown Atlanta.
• One of our employees will then go through and test your items with you. There are a few ways we do this to determine the purity of the metal.

1. Scratch test: For gold, we may scratch the item on a touchstone. Then based on the mark on your jewelry, we will begin the acid test. To learn more about the acid test, click here to get a better understanding on how the scratch test work.  In fact, you can even buy your own kit to test your metals at home.

This is an example of an assay machine. Ours is a different model. 

2. Assay Machine:  Generally we will use our assay machine to determine the makeup and purity of metal in your jewelry. Basically, this is an x-ray machine that tells us what components make up the jewelry.  We are one of the few locations that use this high tech machine because of its high cost.

• Once we know what you have (for example, 14k gold), we weigh the items.
• Using the price of gold, which can change by the hour, we input the weight and purity into our computer and Voilia...the value of your jewelry and unwanted metals is determined.
• To show you the breakdown, we will hand give you the printout, showing the price of individual items.
• Next, we ask to make a copy of your ID (sorry, its the law), assuming you decide to sell.
• Finally, we hand you a check.

To find out more, visit our website at www.atlantagoldsilver.com