Living in Los Angeles County, Orange County, San Bernardino County, Riverside County and Ventura County, and you want to buy gold bullion, gold coins, silver bullion, or silver bullion coins, look no further. Western Jewelry and Loan are precious metals buyers.
They value their gold based on the current market value. There are several types of gold and silver: 10k, 14k, 22k, 24k gold and sterling silver, 585, 750, 800, and 925. The purer the precious metals, the more money you can get.
What is Gold Bullion?
Gold bullion refers to gold in bars, or ingots, that are at least 99.5% pure. These bars and ingots are typically stored in a bank or vault, and are bought and sold based on their weight and purity. Gold bullion is often used as a hedge against inflation.
An ingot is a piece of metal, typically in a rectangular or bar shape, that has been cast or ported into a mold and called to form a solid shape. Ingots are typically used in the manufacturing of other products, such as coins, jewelry and electronics components. They can also be bought and sold as a form of investment, like gold bullion. Ingots can be made from various metals, including gold, silver, copper, aluminum, and steels.
What are Gold Bars?
A gold bar and gold bullion are similar in that they both refer to physical gold that is at least 99.5% pure. However, there is a subtle difference between the two terms.
A gold bar refers specifically to a rectangular shaped piece of gold cast or poured into a mold and cooled to form a solid shape. It can be of various weights and sizes, small as few grams to large ones which can weight over 400oz.
Cast gold bars: These bars are made by pouring liquid gold into a mold and allowing it to cool and solidify. They can come in various sizes and weights, from small 1 gram bars to large 400 oz bars.
Minted gold bars: These bars are made by stamping and pressing a gold blank into a specific shape and size. They also come in various sizes and weights, and are usually more refined and have a smoother finish than cast bars.
Assay gold bars: These bars are produced by a specific mint and have a certification or assay certificate that guarantees the weight, purity, and authenticity of the bar. They are commonly used for investment purposes.
Brand name gold bars: These bars are produced by some well-known gold refineries, and their value is based on their reputation and brand. Examples include PAMP Suisse, Credit Suisse, and Perth Mint bars.
Generic gold bars: These bars are produced by small or unknown refineries, and their value is based on the weight and purity of the gold. They are less expensive than brand name bars.
Gold bullion, on the other hand, refers to any form of gold that is at least 99.5% pure and is bought and sold based on its weight and purity. This includes gold bars, but also other forms of gold, such as coins, rounds, and wafers.
All gold bars are gold bullion, but not all gold bullion are gold bars.
Is there a Difference Between Gold Bullion and Gold Bullion Bars?
Gold bullion and gold bullion bars refer to the same thing: physically held, investment-grade gold that is at least 99.5% pure. The terms are often used interchangeably.
Gold bullion can refer to any form of physical gold that is at least 99.5% pure and is bought and sold based on its weight and purity. This includes gold bars, but also other forms of gold such as coins, rounds, and wafers.
Gold bullion bars specifically refer to rectangular shaped pieces of gold cast or poured into a mold and cooled to form a solid shape. They are typically larger than coins and can come in various weights and sizes, from small 1 gram bars to large 400 oz bars.
In summary, both terms refer to the same thing. Gold bullion can include coins, rounds, and wafers, while gold bullion bars refer to rectangular shaped bars of gold.
What are Gold Coins?
Gold coins are coins made primarily of gold. Governments mint them and private mints, and typically have a legal tender value. The value of gold coins is based on both their face value and the value of the gold they contain.
Examples of gold coins include:
American Gold Eagle: This is a 22-karat gold coin minted by the United States Mint. It is available in various sizes, including 1 oz, 1/2 oz, 1/4 oz, and 1/10 oz.
Canadian Gold Maple Leaf: This is a 24-karat gold coin minted by the Royal Canadian Mint. It is available in various sizes, including 1 oz, 1/2 oz, 1/4 oz, and 1/10 oz.
South African Gold Krugerrand: This is a 22-karat gold coin that is minted by the South African Mint. It was the first gold coin to contain 1 oz of gold, and is available in a 1 oz size only.
Chinese Gold Panda: This is a 22-karat gold coin that is minted by the People’s Bank of China. It is available in various sizes, including 1 oz, 1/2 oz, 1/4 oz, and 1/10 oz.
Austrian Gold Philharmonic: This is a .9999 fine gold coin minted by the Austrian Mint, it is available in 1 oz size only.
These are just a few examples of gold coins. Many other countries also mint gold coins, and there are also various private mints that produce gold coins.
Is there a Difference Between Gold Coins and Gold Bullion Coins?
Gold coins and gold bullion coins are similar in that they both refer to coins made primarily of gold. However, there is a subtle difference between the two terms.
Gold coins are coins made primarily of gold and typically issued by governments. They have a legal tender value, and their value is based on both their face value and the value of the gold they contain. They can be used as a medium of exchange, as well as a store of value.
Gold bullion coins, on the other hand, are coins that are made primarily of gold and are bought and sold based on their weight and purity. Governments typically issue them or private mints, and are often used as an investment vehicle. The value of gold bullion coins is primarily based on the value of the gold they contain.
In summary, both gold coins and gold bullion coins are made of gold, but gold coins have a face value and can be used as a medium of exchange. Gold bullion coins are primarily used as an investment vehicle, and the value is based on the value of the gold they contain.
Western Jewelry and Loan Sells Gold and Silver Bullion
The pawn shop offers the best price if you are buying gold. They also accept gold bullion, gold coins, silver coins, silver bullion and coins, American Gold Eagles, Canadian Gold Maples, Chinese Gold Pandas, and other precious metals for pawn or sale. They are one of the most reputable dealers in the Los Angeles County area.
Silver and gold prices ebb and flow with the market. The expert gold dealers at the pawn shop will test your precious metals, weigh it, and give you an offer based on the current market value.
Western Jewelry and Loan is a reputable pawn shop, they also buy, sell, and pawn luxury watches, designer handbags, fine jewelry and other valuable items. If you have some gold coins, sterling silver, or other scrap jewelry taking up space, they will test your items a nd let you know the gold content, so they can give you a fair offer. Visit them today.
