Monroe Coin And Gold Exchange. Gold Dealer. We Buy Gold, Jewelry, And Silver.
Monroe Coin And Gold Exchange. Gold Dealer. We Buy Gold, Jewelry, And Silver.
Gold and silver bullion are two of the most popular assets sought by investors. They are used for building a hedge against inflation and protecting against economic uncertainty. We highly recommend that consumers take the time to figure out which type of silver or gold product they want to purchase before making the call. We sell Gold bullion and coins. We are Rochester's Gold Dealer.
Two common types of gold products are gold bullion and gold jewelry. While these commodities are common enough that most readers probably know what they generally mean, the subtle differences between gold bullion and jewelry can make a significant difference when it comes to investment results and objectives. Simply put, you get a different type of investment outcome when you buy gold bullion than you should expect when you buy gold jewelry or buy silver jewelry.
Gold and silver bullion often provide you with the greatest degree of certainty about your investment. Jewelry comes with extensive added costs. Depreciation for a piece of jewelry can be 50 to 90% the day you purchase it because of the tremendous markup by the jewelry manufacturer and retailer.
As you might already know, pure gold or silver bullion usually sells for a price near the spot price of the precious metal itself. Jewelry, when it comes time to sell can often be worth only the value of the precious metal it's made from which is in most cases a small fraction of its original purchase price. As a Gold Dealer in Rochester, we can help you sell your silver or gold jewelry to buy gold bullion or buy silver bullion.
Accumulating silver or gold bullion in physical form is called stacking. Most stackers plan on holding onto their metals for long-term gains.
Bullion comes in different forms and weights. Most of them are based on troy ounces although some mints do make them in grams and you can also find imported bars sized in metric units. The most common sizes are 1oz, 5oz, 10oz, and 100oz; these makeup most of the market. Physical gold and silver bullion are available in the form of coins, rounds, and bars (or ingots) of varying weights.
Buying precious metals is one of the easiest forms of asset investment. Some of the best bullion to buy are American Eagles, Canadian Maple Leafs, and South African Krugerrand Coins
As the official bullion coin of the United States, the 1 oz American Eagle Coin has enjoyed a high level of prestige among precious metals investors at home and abroad. The popularity of the coin derives from its high purity rating, instant liquidity, and inflation-hedge properties.
We love our customers, so feel free to visit during our normal business hours or book an appointment.
2354 Lyell Avenue, Gates, New York 14606, United States
Open today | 10:00 am – 05:00 pm |
Our weekend hours change, so give us a call!
GOLD DEALER - WE BUY GOLD - WE BUY SILVER - WE BUY COLLECTIBLES - WE SELL GOLD - WE SELL SILVER
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