Thursday, November 24, 2022

Where To Buy Gold In Virginia

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Liberty Gold And Silver

Where Can You Find Gold in Virginia? (USGS Gold Maps)

Liberty Gold and Silver is a Portland, Oregon-based precious metals buyer. You can sell gold, silver, platinum, palladium and more all at the same time.

You can request a free quote and shipping label. Liberty Gold and Silver offers shipping insurance up to $1,000.

If youre selling more than $1,000 in metal, youll need to ship and insure the gold yourself, though the company will reimburse you for the cost once it receives your shipment.

You can obtain payment by check in the mail or a wire transfer to your bank account. There is a small fee for wire transfers.

What Crystals Are Found In Virginia

Various crystals can be found in Virginia. The most popular crystals are probably blue quartz crystals. However, you can find more than this in this state.

The most common crystals to find in Virginia include quartz crystals, mica crystals, limonite, muscovite crystals, tourmaline, hematite, lazulite, gahnite, chalcopyrite, calcite, sphalerite, diaspore, azurite, epidote, or even rutile.

Check the table below to see where to search for them in the state!

Crystal
Charlottesville, Amelia County, Bedford County

Common Crystals You Can Find in Virginia

Quartz crystals are very easy to find in Virginia, especially in between the Loudoun and Grayson counties, in the Piedmont and Blue Ridge complex areas.

Here, the blue quartz crystal is the most popular. In contrast, the amethyst quartz can be found in Prince Edward, Amelia, and Charlotte counties.

When it comes to finding mica crystals in the state of Virginia, you have to be quite experienced and have the appropriate gear.

They are typically found in metamorphic, igneous, and sedimentary rocks. Various mica deposits have been identified in the Piedmont Mountains and Blue Ridge Mountain areas.

Why Do People Invest In Gold

People invest in gold for a variety of reasons. Gold has a lot of history behind it. It has been valuable for a long time and was frequently used as a currency. This history gives it value.

Gold also tends to be seen as a stable store of wealth. When currency values are uncertain or fluctuating, many investors buy gold to ride out the uncertainty.

It has also gotten easier to buy and sell gold. Before, you needed to purchase and store physical gold.

When you sold your investment, you would need to ship or transport it to the buyer. Today, you can buy securities that track the value of gold without holding physical gold yourself.

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Local Precious Metals Dealers

If you live near a precious metals dealer, you can probably sell your gold to them. These companies have experience determining the authenticity of precious metals and assessing their true worth.

With a reputable dealer, you have a good chance of getting a good deal and the convenience of making a sale in-person.

What Gemstones Can Be Found In Virginia

NV

The state of Virginia, with its numerous mines, has plenty of minerals, crystals, and even some gemstones as well, however, gemstones can be found in other places, not just mines.

You can find gemstones such as amethyst, opal, garnets , cryptomelane, onyx, and plenty of others in this state.

In the table below, we have highlighted some of the most popular gemstones to hunt for in Virginia and where to find them with ease!

Gemstone
The Blue Ridge Mountains, Piedmont Mountains, Amelia County

Common Gemstones You Can Find in Virginia

Amethyst quartz can be found in Virginia in Charlotte County, Amelia County, Prince Edward County, or the Blue Ridge Mountains, among other places.

Some places require you to ask for permission or pay a small fee to collect the beautiful specimens. For example, in Charlotte County, you must go to the Donald Plantation near the Charlotte Court House to find amethyst.

Opals are quite hard and rare to find no matter where you look for them, and in most U.S. states, opals arent that common.

For example, in Virginia, you can find opal at the Stony Point Mine, Stony Point, in Albermarle County. It isnt clear if public access is granted in this mine however, this will be your best bet if you wish to find opals in Virginia.

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David Lawrence Rare Coins

David Lawrence has been serving Virginia Beach coin collectors since 1979. Their selection focuses on classic U.S. coins, and also includes ancient coinage and modern U.S. coins. They carry American Eagle and Gold Buffalo bullion coins. Many of their items can be purchased online they also conduct online auctions. David Lawrence Coins also purchases and consigns coins.

PO Box 9174 776-0560

Gold Bullion Bar Refineries/mints

The primary benefits to gold bullion bars for gold buyers are diversity and affordability. Gold bullion bars have lower premiums over the spot price of gold when compared to gold bullion coins, and the variety of options is far more diverse. Gold bullion bars are available not only in the aforementioned weights, but also styles including cast, hand-poured, and minted ingots. Gold bullion bars are struck continuously to meet the demand for gold, with the following refineries and mints representing some of the greatest refiners of gold bars:

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Jewelry & Coin Exchange

This coin store has an extensive array of U.S. and foreign coinage, focusing on silver and gold coins. They buy and sell a variety of precious metals, including bullion, coins, and jewelry. Jewelry & Coin Exchange also sells supplies for coin collectors. Jewelry & Coin Exchange has an appraisal service and offers layaway.

535 S Washington Hwy

Chapter 41 Precious Metals Dealers

Gold Prospecting at Home #30 – West Virginia Gold!

§ 54.1-4100. Definitions.

For the purposes of this chapter, unless the context requires a different meaning:

“Coin” means any piece of gold, silver or other metal fashioned into a prescribed shape, weight and degree of fineness, stamped by authority of a government with certain marks and devices, and having a certain fixed value as money.

“Dealer” means any person, firm, partnership, or corporation engaged in the business of purchasing secondhand precious metals or gems removing in any manner precious metals or gems from manufactured articles not then owned by the person, firm, partnership, or corporation or buying, acquiring, or selling precious metals or gems removed from manufactured articles. “Dealer” includes all employers and principals on whose behalf a purchase is made, and any employee or agent who makes any purchase for or on behalf of his employer or principal.

The definition of “dealer” shall not include persons engaged in the following:

1. Purchases of precious metals or gems directly from other dealers, manufacturers, or wholesalers for retail or wholesale inventories, provided that the selling dealer has complied with the provisions of this chapter.

2. Purchases of precious metals or gems from a qualified fiduciary who is disposing of the assets of an estate being administered by the fiduciary.

3. Acceptance by a retail merchant of trade-in merchandise previously sold by the retail merchant to the person presenting that merchandise for trade-in.

  • Chapter

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Buy And Sell Silver In Roanoke

We buy and sell silver jewelry, bullions and more. We offer the best prices for scrap silver, silver dollars and more in Roanoke.

Tick, tock. Its time to reassess your watch collection. Precious Metal and Coins is here to help. We buy and sell men’s and women’s luxury watches of all brands and styles.

Why Choose Us For Selling Gold

Best Value: Cash for Gold is committed to giving the best value in the market. We keep up with the market rates and have a lot of knowledge about gold prices, silver prices, jewelry prices, and branded watch prices. This helps us provide the best value to our valued customers we give you honest details about the value of your item and its current price and if you agree, we trade it for cash instantly.

Accept Many Items: Gold items are not the only thing we accept there are also many other items you can trade for cash! Some of the items we accept include different precious metals like silver and platinum, coins , jewelry , any type of diamonds, antique watches and branded watches like Rolex, Tag Heuer, Cartier, etc. and even accept almost new or good as new electronic items.

Instant Cash: Cash for Gold does not collect and pay you later we do instant cash! Many of our counterparts in the industry stretch the process by not providing instant cash solutions. We dont do this we believe in timely and fast Cash for Gold VA services, which is why the moment you give us your gold or valuables, we give you cash in return right then and there.

Company Values: At Cash for Gold VA, we are based on company values that ensure your satisfaction and help us earn your trust! Our foremost value is integrity, reflecting our honest service, whereas our company values include discipline and timely work, authentic knowledge-based services, and reliability.

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Buy Gold Bullion Online

There is no precious metal in the world coveted more than gold. The famous yellow metal has been a standard by which wealth is measured for centuries, and as civilizations took the first steps out of the Dark Ages and into international trade in the Middle Ages and beyond, gold was there as the standard unit of commerce used by nations and people who spoke different languages. Despite language and cultural barriers, everyone understands the value of gold. Today, gold bullion remains a primary vehicle for private investment and the protection of wealth. The JM Bullion catalog contains a wide array of gold bullion products, some of which you can learn more about below.

Gold Bullion Coin Mints

Where the Gold Hides in Creeks

As mentioned above, gold bullion coins are preferred by many investors because they have the backing of central banks and federal governments. Additionally, these coins are issued by national sovereign mints and other state-owned facilities. The following are some of the most prolific issuers of gold coins:

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Public Gem Mines In Virginia

The state of Virginia has numerous public gem mines available for the public to visit and rejoice in their beauty. Some of them require a fee, while others do not.

The best public gem mines in Virginia are Lucky Lake Gem & Mineral Mine, McKenney, Gold Mining Camp, Goldvein, or Elk Run Mining Company, in Harrisonburg. In these places, you can find all sorts of minerals, crystals, rocks, gemstones, or even fossils.

Rockhounding In Virginia: Where To Go & What To Find

Virginia is an excellent place for rockhounding as several types of rocks, minerals, crystals, and especially fossils are present within the state, just waiting to be collected!

The best rockhounding locations in Virginia are Appalachian Mountains, Chesapeake Bay, Piedmont Mountains, Blue Ridge Mountains, or Fairy Stone State Park. You can find agates, shark teeth, megalodon teeth, gold, sea glass, opals, amethyst, agates, diamonds, arrowheads, and various fossils in Virginia.

From quartz, garnets, amazonite to feldspar, kyanites, staurolite, hematites, and micas, the state of Virginia offers rockhounding plenty of places to satisfy their needs and things to hunt for, as you will see in this article.

If you are interested in checking out the best rockhounding book about rockhounding in Virginia you can find it by clicking here .

Best Rockhounding Locations in Virginia

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Rockhounding Clubs In Virginia

Rockhounding clubs sometimes indicate the status of gem hunting in a state, the more, the merrier. Virginia has plenty of rockhounding clubs that you can join and learn more about the states best rockhounding locations and what specimens you can find.

It is also a great place to make friends with people of similar mindsets, go gem hunting together, and share fun stories together!

The best rockhounding clubs are the Gem & Mineral Society of the Virginia Peninsula, Micromineralogists of the National Capital Area, Tidewater Society, Northern Virginia Mineral Club, Shenandoah Valley Gem & Mineral Society, Virginia Independent Prospectors, or Roanoke Valley Mineral & Gem Society.

Do You Have To Pay Taxes On Gold

Where To Find Gold In Virginia (And Just About Anywhere)

Profits from trading securities like stocks and bonds are known as capital gains and are taxed at special long-term and short-term capital gains rates. But the IRS looks at profits you earn from trading gold and other collectibles differently.

Gains from physical gold are taxed as ordinary income if you own it for a year or less and a maximum 28% tax rate if you own it for longer than a year.

Its important to note the profits from trading gold ETFs are taxed as collectibles trading profits, not as capital gains like other stocks.

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Gold And Silver Recognized As Money In Virginia

The United States Constitution states in Article I, Section 10, “No state shall…make anything Thing but gold and silver Coin a Tender in Payment of Debts.”

Legislative acts that take steps towards this constitutional requirement are slowly gaining steam. Utah and Oklahoma are leaders in this field, declaring gold and silver as money within their states.

Unfortunately, Virginia has not taken any steps to reaffirm its constitutional duty to treat gold and silver coins as tender for payment of debts as Oklahoma and Utah did with the recent passage of SB 862 and HB 157, respectively.

Oklahomas SB 862 reads, in part, gold and silver coins issued by the United States government are legal tender in the State of Oklahoma. No person may compel another person to tender or accept gold or silver coins that are issued by the United States government, except as agreed upon by contract.

Utahs HB 157 reads, in part, except as expressly provided by contract, a person may not compel any other person to tender or accept legal tender.

The phrase, except as agreed upon by contract, has significant ramifications. This wording reaffirms the courts ability, and constitutional responsibility according to Article I, Section 10, to require specific performance when enforcing such contracts. If voluntary parties agree to be paid, or to pay, in gold and silver coin, the Oklahoma courts may not substitute any other thing, e.g. Federal Reserve Notes, as payment.

Where To Find Geodes In Virginia

Geodes form in sedimentary rocks when gases are trapped in lava yet cant escape. As it solidifies, the remnants crystalize over long periods.

In Virginia, no geodes have yet been found however, since it has such rich mineral diversity, geodes may be present in places such as the Morefield Gem Mine, in Amelia County, for example. Geodes are, however, found in West Virginia in places such as Keyser City, Pendleton County, or Cabin Mountain.

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Tax Free Precious Metals

There are currently no ways to avoid the sales tax when purchasing precious metals in the state of Virginia. There have been a number of efforts to remove the tax, but these have been unsuccessful. On the plus side, unlike in some other high-tax states, the appeals are ongoing, so it might be a matter of time before investors in the state get tax relief.

Until then, Virginian investors are advised to purchase online from sites based in North American tax-free states and provinces to avoid monumental shipping charges and find low margins. Investors can also look to overseas storage companies for the advantages of buying, holding and selling directly from the vault for only a small annual storage charge.

What Is Gold Worth

Historic Gold Mines of Northern Virginia

Gold is a precious metal, but its also a commonly traded commodity. The market price for gold changes every single day.

For example, gold cost $1,819 an ounce on February 12, 2021.

To know what gold is worth, youll have to look up that days prices. You can easily do this with a quick internet search.

The price that you see quoted is the price for pure gold. Not all gold jewelry is made of pure gold. Gold is a very soft metal and can easily get damaged.

It is often mixed with other metals, such as copper and silver. This reduces the purity of the gold, reducing its value.

Gold purity is measured in karats. Common karat ratings and their associated purities are:

  • 24 karat 99.9% pure
  • 12 karat 50% pure
  • 6 karat 25% pure

If you have four ounces of 6 karat gold, you only have one ounce of real gold.

The other three ounces are other metals that are alloyed with the gold, so the price you can get for the gold will reflect how much of its weight is pure gold.

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Faq About Rockhounding In Virginia

Still did not find the answer to your answers about rockhounding in Virginia? Find frequently asked questions in the section below:

What is Virginias State Rock?

The official state rock of Virginia, which is at the same time its officially designated state fossil, is the Chesapecten Jeffersonius since 1993. It is named after Thomas Jefferson due to his appreciation and interest in natural history. The specimen is commonly found in the southeastern parts.

What is Virginias State Fossil?

Virginias official state fossil is Chesapecten Jeffersonius. It is a fossil scallop that has between 9 to 12 ribs. It lived in the Chesapeake Bay area between 8 to 3 million years ago. Various scallops species lived here however, the Chesapecten Jeffersonius was the most abundant.

What is the State Gemstone of Virginia?

The state of Virginia doesnt currently have an officially designated state gemstone. It also doesnt have an official state mineral or crystal. In contrast, its official state rock is actually a fossil, the Chesapecten Jeffersonius. Things might change in the future as Virginia has various minerals.

Is Virginia Holding Physical Gold & Silver In Government Pension Funds

Millions of Americans will rely on pensions once they’ve reached the age of retirement. Pension fund managers have a fiduciary duty to safeguard funds against foreseeable risks.

With the practices of today’s Federal Reserve, there is no risk more foreseeable than inflation! But with very few exceptions, pension money managers are not fulfilling their duty to protect against this significant risk by investing in assets that are specifically suited to defend against the perpetual decline of the dollar’s purchasing power. Chief among these assets are physical gold and silver, the most reliable inflation hedges from time immemorial.

Tens of millions of Americans and their employers pour money into pension plans each month, counting on those funds to grow and be there when needed at retirement.

But a time bomb awaits. The bulk of U.S. pension funds are dangerously underfunded, and the assets are often invested in securities that have bleak prospects for providing income that keeps up with a general decline in purchasing power. In the case of underfunded government pensions, higher taxes invariably follow combined with potential default on obligations to retired workers.

Unfortunately, Virginia’s government pension funds do not appear to hold ANY assets in physical gold and silver.

For more information on pension funds,

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