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Please reach us at info@andoco-us.com if you cannot find an answer to your question.
We accept cash, checks, and credit cards.
Yes, we buy all types of gold and silver jewelry including broken or scrap pieces.
The price of precious metals fluctuates constantly. Please contact us for the most up-to-date pricing information or check the ticker on our Homepage.
Before selling, keep the coins in their original holders, avoid cleaning or polishing them, and gather any packaging or certification paperwork you may have. At ANDOCO Purveyors, we evaluate each coin based on its metal content, weight, purity, condition, rarity, and current market demand. We explain our evaluation and offer before you decide whether to sell. There is no obligation, and you should never feel pressured to make an immediate decision.
A one-ounce gold coin is generally worth at least the current market value of the gold it contains, commonly called the “spot price.” However, its actual value may be higher depending on the coin’s type, purity, condition, rarity, mint, year, and current collector demand. ANDOCO Purveyors evaluates each coin individually and explains how its gold content and any applicable market or collector premium affect the offer.
The IRS does not routinely track every individual purchase of gold or silver. However, federal reporting requirements may apply to certain transactions. If a business receives more than $10,000 in cash from one customer through a single transaction or related transactions, the business generally must file IRS Form 8300.
The IRS does not routinely track every individual purchase of gold or silver. However, federal reporting requirements may apply to certain transactions. If a business receives more than $10,000 in cash from one customer through a single transaction or related transactions, the business generally must file IRS Form 8300.
Precious-metals dealers generally make money from the difference between the price they pay for an item and the amount they receive when it is resold or refined. This difference is called the dealer’s margin or spread.
The margin must cover testing, market-price fluctuations, refining or processing fees, shipping, insurance, security, regulatory compliance, and normal business expenses. Coins, bullion, jewelry, and scrap metals also have different resale markets and associated costs. A collectible coin or desirable piece of jewelry may be resold, while damaged jewelry and scrap metal may be sent to a refinery to recover its precious-metal content.
Some coins have both bullion and numismatic value. ANDOCO Purveyors evaluates coins individually to determine whether they should be valued primarily for their precious-metal content, their collector value, or a combination of both.
The amount you can expect to receive for used gold depends on its weight, purity, condition, current gold price, and potential resale value. Gold jewelry is commonly marked 10K, 14K, 18K, or 24K, but the actual purity should be verified through professional testing.
ANDOCO Purveyors tests and weighs your items, identifies their precious-metal content, and evaluates whether they have additional resale or estate-jewelry value. We then explain the offer clearly, with no obligation to sell.
The spot price is the current wholesale market price of one troy ounce of pure gold or silver. Because precious metals trade throughout the day, spot prices can change from minute to minute and may vary slightly among websites depending on their data source and update speed.
ANDOCO Purveyors uses current precious-metals market data when evaluating gold and silver and explains how the applicable spot price affects your offer.
There is no minimum amount of gold required to receive an evaluation from ANDOCO Purveyors. You may bring in a single ring, broken chain, unmatched earring, dental gold, coin, or a larger collection of jewelry and precious metals.
Most gold-selling transactions can be evaluated and completed during the same visit. Once your items have been tested, weighed, and valued, ANDOCO Purveyors will explain the offer. If you accept it and complete the required identification and transaction paperwork, payment can generally be issued at the time the transaction is completed.
The evaluation itself does not obligate you to sell. You may review the offer and decide whether you wish to complete the transaction.
ANDOCO Purveyors LLC
2775 North W Street, Ste 314, Pensacola, Florida 32505, United States