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Consumers requested a pre-paid envelope known as a "Refiner's Pack", which was used to ship their gold materials or precious metals to the Cash4Gold refinery in Florida. A Cash4Gold employee weighed, photographed, and assessed the items using tools such as acids, X-rays, and electronic testing devices. The company would them make the customer a ...
Walter Luhrman founded a precious metals refinery in Jackson, Ohio under the name Jackson Precious Metals in 1974. It would run into financial difficulties in the 1990s and he would sell it to Alan Stockmeister, a Jackson native who own owned many local area businesses, including the local newspaper.
Cash for Gold USA, an established gold buyer, is a top choice for selling your gold items. They offer competitive rates for a wide range of gold items, including jewelry, scrap gold and gold coins.
Gold laundering is the process whereby illegally obtained gold is melted and recast into another form. The recasting is performed to obscure or conceal the true origin of the gold. The recast gold is then sold, thus laundering it into cash. It may also refer to a money laundering transaction in which the exchanged good is gold.
If you sell your gold coins for a loss, which you ideally won’t do, you don’t have to worry about capital gains taxes. Instead, you can claim a capital loss deduction on your tax return to ...
When you are selling gold coins, you’re almost always likely to get a higher per-coin price and margin by selling only a few items at a time vs. a few dozen. However, if you simply want to ...
It is usually created at the site of a mine and then transported to a refinery for further purification. The proportions of silver and gold can vary widely. Doré bars weigh as much as 25 kg. During the 19th century gold rushes, gold nuggets and dust were melted into crude gold bars mistakenly called "bullion" by miners. They were, more ...
The specifications of bullion are often regulated by market bodies or legislation. In the European Union, the minimum purity for gold to be referred to as "bullion", which is treated as investment gold with regard to taxation, is 99.5% for gold bullion bars and 90% for bullion coins. [2]
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