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Lewes, Delaware
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May 13, 2011     Cape Gazette
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Cape Gazette FRIDAY, MAY13 - MONDA'~I MAY 16,2011 35 PAID ADVERTISEMENT II 000 Collectors and Enthusiasts in Rehoboth Beach with $200,000 to Purchase Yours! By Ken Mclntosh STAFF WRITER Got Coin? It might be just the time to cash in. This week, starting Tuesday and continuing through Saturday, the International Collectors Association in conjunction with the Ohio Valley Gold & Silver Refinery will be purchasing all types of silver and gold coins direct from the public. All h/pes are welcome and the event is free. Collectors will be on hand to identify and sort your coins. Then the quality or grade will be determined. The better the grade the more they are worth, according to collectors I talked to. With the silver and gold markets high, prices of older coins are too. Any coins minted before 1965 in the U.S. are 90% silver, except nickels and pennies. The coin's worth is determined by the rarity and the grade. Old silver dollars are worth a great premium right now, even well worn heavily circulated ones are bringing good premiums. Franklin and Kennedy half dollars, Washington quarters, Mercury and Roosevelt dimes are all worth many times the face value. While older types like Seated Liberty, Standing Liberties, and Barber coins are worth even more. Gold coins are really worth a lot right now, m Above: Refinery representatives will be on hand through Saturday to purchase all gold, silver and platinum items, as well as coins. Public welcome! according to Brian Eades of the International Collectors Association. "This country didn't start minting coins until 1792" says Eades. He explained, "Before that, people would trade goods using gold dust and nuggets. Some shop keepers would take more gold than needed to pay for items purchased. There was no uniform system of making change." The government opened the first mints and began distributing the coins in 1792. By the beginning of the 19th century, coins and paper currency were wide spread and our monetary system was here to stay. In 1933 Roosevelt required all banking institutions to turn in all gold coins. Once all banks turnedin this gold, the president raised the gold standard from $20.00 per ounce to $33.00 per ounce. This was his way of stim01ating the economy during the great depression. However, gold coins were never redistributed after the recall. But not all gold coins were turned in. "Many folks during that time didn't completely trust the government and chose to keep their gold" said Eades. These gold coins are sought after by collectors today and bring many times the face value. Any gold coins with the mint marks of CC, D or O will bring nice premiums. Collectors at the event will be glad to show you where to look. Other types of coins will also be purchased including foreign coins, Indian cents, two cent pieces, half dimes, three cent pieces and buffalo nickels to name a few. Collectors warn people against trying to clean their coins, as significant damage can be done and the coin's value lessened. COINS: All coins made before 1965: silver and goldcoins, dollars, halves, quarters, dimes, nickels and pennies. All conditions wanted! VINTAGE GUITARS: Martin, Gibson, Fender, National, Rickenbacker, Gretsch, Mandolins, Banjos &others WRIST & POCKET WATCHES: Rolex, Tiffany, Hublot, Omega, Chopard, Cartier, Philippe, Waltham, Swatch, Elgin, Bunn Special, Railroad, Ebel, IIl!nois, Hamilton & all others JEWELRY: Gold, silver, platinum, diamonds, rubies, sapphires, all types of stones and metals, rings., bracelets, necklaces, etc. (including broken and" early costume jewelry) ANTIQUE TOYS: All makers and types of toys made before 1965: Hot Wheels, Tonka, Buddy L, Smith Miller, Nylint, Robots, Battery Toys, Mickey Mouse, Train Sets (all gauges, accessories, individual cars), Barbie, GI Joe, German & others WAR MEMORABILIA: Revolutionary War, Civil War, WWI, WWII, etc: swords, badges, clothes, photos, medals, knives, gear, letters. Local records reveal to our research department that recent vintage guitar sold for $2400.00 and another for $12,000.00 to a collector that will be tied into the event this week via live database feed. ITEMS WE WILL ACCEPT INCLUDE: Scrap Jewelry Dental Gold Sterling Silverware Sterling Silver Tea Sets Silver Dollars All Pre-1965 Coins Industrial Scrap All Forms of