Shelby Shopper Shelby NC
Issue link: https://www.ifoldsflip.com/i/33661
June 9-June 15, 2011 www.shelbyinfo.com PAID ADVERTISEMENT GOT GOLD OR SILVER? CASH IN DURING RECORD HIGH PRICES... COMPANY IN FOREST CITY PAYING CASH ON THE SPOT! They are paying out right on the spot for my stuff. Unbelievable! By David Morgan STAFF WRITER A spokesperson for the event said he expects to spend in excess of $200,000.00 this week for vintage items and precious metals from local residents. At previous events, these transactions stood out: One person sold an old Gibson guitar that was purchased in the 1960’s for less than $250.00. A collector at the event paid him $2,175.00 for it. Another person had a pocket watch collection that sold for $4,600.00, with one of the watches making up $375.00 of the $4,600.00 total. A husband and wife brought in a box of old jewelry, wrist watches, coins and 2 German daggers from WWII and left $785.00 richer. This is cool that something like this would come here to our town. Where else would this stuff ever be sold? The Refinery has teamed up with the collectors for a 24 month tour of the United States, both big and small towns, to dig up hidden gems. ITEMS OF INTEREST COINS: All coins made before 1965: silver and gold coins, 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, Illinois, 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. Above: “I’m glad I came in! I really needed the money.”, said Claudia McDonald, who received $825 for a gold coin minted in 1986. Dozens cash in yesterday with jewelry, railroad watches and guitars. An estimated $200,000 in Forest City. By David Morgan STAFF WRITER The first days of the 5 day reclamation drive in Forest City were a hit with those looking to sell their gold and silver coins. An estimated 55 people left the event with over $200 from old class rings, wedding bands, herringbones and gold teeth. Coins dated 1964 and earlier were bringing big premiums as well. Silver dollars, halves and quarters arrived in large quantities. Lots of gold coins were also brought in. On the other side of the room were representatives from the Antique Association. They were purchasing all types of guitars, large currency bills dated before 1923, military items and pocket watches. One watch was purchased by a collector in Montana for $835.00. There were piles of sterling silver items like old silverware sets and tea pots. Company officials reported spending over $90,000 the first day of the event, alone. Brian Eades, with the Ohio Valley, said, “We have had an overwhelming turnout this first day, and we expect to get more busy every day this week.” The event continues today and runs through Saturday. It is free and the public is encouraged to attend. ITEMS WE WILL ACCEPT INCLUDE: Above: Refinery representatives will be on hand through Saturday to purchase all gold, silver and platinum items, as well as coins. Public welcome! SILVER AND GOLD COIN PRICES UP DURING POOR ECONOMY. Collectors and Enthusiasts in Forest City with $200,000 to Purchase Yours! By Ken McIntosh 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 types 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, 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 turned in this gold, the president raised the gold standard from $20.00 per ounce to $33.00 per ounce. This was his way of stimulating 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. Scrap Jewelry Dental Gold Sterling Silverware Sterling Silver Tea Sets Silver Dollars All Pre-1965 Coins Industrial Scrap All Forms of Platinum WHO: Ohio Valley Refinery Reclamation Drive WHAT: Open to the public to sell their gold and silver WHEN: June 7th - 11th WHERE: Holiday Inn 200 Holiday Inn Drive Forest City, NC 28043 Directions: 828.755.2000 TIMES: TUESDAY–FRIDAY 9:00am–6:00pm SATURDAY 9:00am–4:00pm FOR MORE INFORMATION, CALL 217.787.7767 LOCAL RESIDENTS ARE READY TO CASH IN! International antique buyers in town this week and ready to stimulate economy! By David Morgan STAFF WRITER Hundreds of phone calls from local residents poured in to the corporate office of the Ohio Valley Gold and Silver Refinery this week—inquiring about items to be purchased by the team of antique buyers that is on site with OVGSR. The team of buyers this week are purchasing a vast array of vintage items, along with the coins, gold jewelry and sterling silver items that the Refinery usually deals in. It is a local shot in the arm for our economy—the spokesperson for the event expects to spend in excess of $200,000.00 this week at the Holiday Inn, paying local residents on the spot. The spokesperson for the company has explained that these collectors are paying collector prices for the vintage items and it is great way for people to get a great value for their items. 704/484-1047 - shelby shopper & info - Page 7 WE BUY SCRAP GOLD & GOLD JEWELRY