Category: ‘Uncategorized’

Cops: Milford man stole, sold scrap gold from place of business …

February 14, 2018 Posted by admin




MILFORD — A Milford man faces larceny charges after police said he stole and sold scrap gold from his place of business.

Michael Reekie, 53, of Milford, was charged by Milford Police with forth-degree larceny and three counts of third-degree larceny.

On Monday, Milford cops took custody of Reekie for two active arrest warrants. Police said Reekie is accused of stealing and selling scrap gold that was meant to be melted down while he was working at Valentine’s Diamond Center, Inc., at 350 Boston Post Road.

Reekie was held on a $7,500 bond and is scheduled to appear in court on Feb. 13.

Article source: https://www.ctpost.com/local/article/Cops-Milford-man-stole-sold-scrap-gold-from-12502361.php

The Olympic Silver Medal Value Reveals A Fascinating Part Of Olympic History

February 13, 2018 Posted by admin

The ultimate goal of Olympic athletes is to go home with the gold. But considering the level of competition at the games, placing at all is more than impressive. Along with the prestige of being a medal recipient, the awards themselves have worth. The Olympic silver medal value, for example, may surprise you. However, just how much you can get for a medal varies depending on how you break it down.

One way to cash in on a medal is to melt it down and sell it for scrap metal. Gold, silver, and bronze medals all weigh roughly a pound and measure at about one-third of an inch thick, according to the PyeongChang Organizing Committee. Silver medals are solid silver, and Forbes values them at about $320. Golds are worth a bit more, although they aren’t made entirely of pure gold. First place medals are about one percent pure gold plating on top of silver, making them worth about $577. Bronze medals aren’t even worth melting down though; they are composed of a copper alloy and would only get you $3.50.

Of course, melted down metals are often worth a lot less than intact. Instead, selling them at auction is the way to go if you really want to cash in. Jonathan Scheier, the consignment director of sports memorabilia at Heritage Auctions, told TIME that silver medals earn between $10,000 and $30,000 at auction — less than the $20,000-$50,000 you would get for a gold, but more than the under $10,000 price tag for bronze.  

Michel Cottin/Agence Zoom/Getty Images Sport/Getty Images

Not all medals are created equally, though. Scheier also told TIME the recipient of the medal also influences its value:

For example, the gold medal awarded to track and field star Jesse Owens at the 1936 Berlin Olympics sold for a whopping $1,466,574 at auction, according to NorthJersey.com. In that case, it was the context of the award that upped its value. Owens, a black man, won four gold medals that year and symbolically debunked Hitler’s claim of “Aryan supremacy” in athletics. Context, more than content, made his medal so valuable. Value also differs depending on which Olympic Games the medal comes from. In general, Summer Olympics medals are worth more, but that can vary as well.

Despite how much work goes into earning them, Olympic medals often pop up on the auction block, and even on eBay. There is ample interest in them, as well. Don Bigsby, president of the Olympin Collectors Club, told USA Today that it is the thrill of the chase that draws many collectors in:

Along with the appeal of vigorous athletic competition, each Olympic medal is also a work of art. This year’s medals were designed by the famous South Korean designer, Lee Suk-woo, according to Forbes. Utilizing the Korean alphabet Hangeul, he spelled out “Olympic Winter Games PyeongChang 2018.” [The designer integrated tree trunk imagery into the design, which organizers told Forbes is meant to symbolize both Korean culture and the work that went into organizing the games in PyeongChang.

The value of an Olympic medal is dependent on a number of factors, and you could be looking at hundreds, or thousands, or even millions of dollars. The pride and sense of accomplishment that comes from earning such a distinction is priceless, but it’s always good to know that there is another way to cash in on your success.

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Article source: https://www.romper.com/p/the-olympic-silver-medal-value-reveals-a-fascinating-part-of-olympic-history-8205749

Top-rated Truman Company offers trusted, personalized services for all rare coins and precious metals needs

February 11, 2018 Posted by admin

The only 5-star Google-rated coin store in the Twin Cities offers services dealing with rare coins, precious metals and everything in-between.

 

If it’s gold, silver or old, Roger Westerling will know its history and value. 

Since establishing Truman Company in Roseville in 2010, Westerling has been one of the leading rare coin and precious metals dealers in the Twin Cities. 

He and his staff buy and sell numismatic coins, bullion, paper currency and scrap gold. Silver jewelry, foreign coins and select collectables are also all fair game. If the value is there, he says they’ll buy anything.

Why take your valuable possessions to Westerling? He works to provide the area with quality, respectful appraisals you might not get elsewhere, working to build lasting relationships with everyone who comes in.

“We do business and treat people the right way,” Westerling says. “It’s all about taking care of people and giving them a fair price.”

That respect can be seen in the shop’s success. Truman Company has the only 5-star Google rating in the area and an A+ rating from the Better Business Bureau. Additionally, the dealers are licensed through the state of Minnesota for each customer’s security.

With hundreds of weekly Google hits – in addition to its successful eBay business – Truman Company has taken advantage of its online presence and is able to reach thousands of customers and dealers from all around the country.

For Westerling, coins are a family business of sorts. His interest began at the age of 17, when he started learning the trade from his uncle Truman, whom the company is named after. He found his career right from the beginning, and for the past 40 years Westerling has been collecting, trading and selling coins. 

He says the history and variety of the items keep him coming back every day. 

“Most days are pretty fun,” Westerling says, “because you really don’t know what’s going to happen.”

In addition to the standard coins and metals he sees, Westerling says he also works with many people dealing with estates and family-owned items. When customers don’t want inherited lamps or jewelry, the Truman Company does. 

No matter the object being appraised, bought or sold, Truman Company’s success in customer satisfaction and return business is due to the trust and honesty it works to build.  

For those who are looking to have their collections appraised, inquire about family estates or simply learn more about rare coins and precious metals, Truman Company is ready to help. 

“I just want to do things the right way,” Westerling said. “That’s all I want to – just buy and sell coins and make people happy.”

 

Article source: http://www.lillienews.com/articles/2018/02/09/top-rated-truman-company-offers-trusted-personalized-services-all-rare-coins-and