When Is The Best Time To Sell Jewelry, Sterling Silver, and Coins | Southwest Florida
With Gold staying above $2000 per ounce for the last several weeks, it may be a good time to sell your scrap gold and silver.
In my 16 years in the gold and silver business I have seen its ebbs and flows. There have been lean times when gold was low and the economy was thriving. In the last couple of years inflation has reared its ugly head and not only affected everything we buy, but also caused the price of gold to increase as well.
This increase of gold prices to near an all time high has caused the price of old, no longer worn, broken jewelry, single earrings, jewelry and silver from your parents and grandparents to near all time prices paid for these items.
Even though the government says that inflation has come down and is well under control, this does not mean that your cost of living has gone down with the slowing of inflation, quite the opposite. Inflation has slowed but prices have not fallen, prices will not fall unless we have deflation.
Deflation may seem like a great way to bring prices back in line to where they used to be. But deflation is not something you would wish for. The definition of deflation is a process where prices of consumer goods and services fall and money increases in value. This is good, but longer periods of deflation can lead to higher unemployment, a decrease in demand, and a reduction in economic activity. This is obviously not good.
Since our path most likely will not be good for the average American, it is a good time to sell items that have been languishing in your closets and drawers. There is no better place to sell you bullion, coins and sterling silver than Leif’s Coin & Jewelry. We thank you for your business.
Leifs Coin History
Leifs Coin is a great coin shop located in Naples, Florida. The staff is friendly and knowledgeable and always willing to help if you have questions. They also host events throughout the year related to coin collecting, such as coin shows, auctions, seminars and more. Whether you are a beginner or an advanced collector, Leifs Coin is sure to have something for you.