KMG Gold Recycling USA, Ltd is a BBB Accredited Gold Buyer in Grand Forks, ND
KMG Gold Recycling USA KMG Gold Recycling Canada

Friday, September 15, 2017

KMG Gold Recycling Finds New Home, Opens Third Location In Winnipeg

September 15, 2017. Winnipeg MB Canada
KMG Gold Recycling has found a new home and head office at 1220 Pembina Hwy in Winnipeg Manitoba Canada. This new building, a former bank complete with impenetrable vault, will be the new head office and processing centre for the world famous, KMG Gold Recycling. KMG Gold Recycling founder and President, Michael Gupton says the new facility will house a gold depository, silver repository and will have the ability for customers to securely store gold and silver coins, bars, wafers and precious metal items in the first of its kind secure vault. Complete with after hours gold scrap depository services.
This news comes on the heels of the announcement that KMG will be opening a new gold buying outlet at 1514 Regent Av W, in Transcona, a suburb of Winnipeg.
KMG Gold Recycling started recycling and buying gold, silver, platinum, and palladium in 2007 and fast became the premier, published, and world famous source for the general public to recycle their unwanted gold jewelry, gold and silver coins, junk silver, platinum thermocouple wire, and dental gold such as gold crowns. Their success lies partly in their efforts to educate consumers about the precious metals recycling industry and how they can get the most money for their unwanted gold, silver, platinum and palladium.
KMG Gold Recycling will very soon have 4 locations in Canada and the United States. 620 Academy Rd Winnipeg, 1514 Regent Av Winnipeg, 1220 Pembina Hwy Winnipeg, and 1003 S? Washington St Grand Forks ND
Please visit https://www.kmggold.com for updates, locations, hours of operation, and also follow KMG Gold Recycling on Facebook.com/kmggold. Call toll free 1-877-468-2220
KMG Gold Recycling buys, recycles, refines, stores, insures and manufactures precious metals of any kind.



Posted by Mike Gupton at 6:09 PM 0 Comments

Friday, July 29, 2011

South African Gold Krugerrands and Rands

The South African Krugerrands are an investment grade coins that can come in handy when looking for gold investments. The South African Krugerrands are an official South African bullion coin that contain 1 ounce of pure gold. As the perfect gold investment, Krugerrands have an inherent gold value that retails at the existing gold prices in the bullion market.

Therefore, the price of Krugerrands may increase or decrease depending on the prevailing price of gold. However, the Krugerrands also have extra value for collectors, as they are a rare collectors’ item. A Krugerrand will be priced depending on its type, fine gold content and its rarity.

The Krugerrands are common gold bullion and are widely preferred by gold investors. As a renowned gold bullion world over, the Krugerrands can be found in equally smaller sizes, such as half Krugerrand, quarter Krugerrand and the 1/10th Krugerrand. These denominations contain half an ounce of gold, a quarter an ounce of gold and a one tenth of an ounce of gold correspondingly.

As South Africa’s official gold bullion, the Krugerrands were first minted and issued in 1967. The Krugerrand is an official legal tender coin and can be used as currency in South Africa. However, due to the high volatility of gold prices, the Krugerrands were never issued with a face value.

On the contrary, the Krugerrands’ purchasing power as legal tender bullion arises from the prevailing market value of gold. Therefore, Krugerrand prices change with the changing price of gold. The South African Mint opted against a face value due to the fact that in some situations, the Krugerrands could have excess face value with little gold content.

On the contrary, the mint tried to avoid situations in which the Krugerrand could have a face value that is smaller than the gold content therein. Typically, the Krugerrand weighs 33.93 grams and is mostly made using 22 karat gold. The Krugerrand karatage reflects a gold fineness of 91.67%. But even though the Krugerrand has only 1 ounce of gold, the coins actually weigh in excess of 1 ounce.

The Krugerrands’ excess weight arises from the alloying of gold with other metals to make it stronger and durable.

Invest In Krugerrands

Gold has always been a favorite metal for investment. With the current high price of gold, there has never been a better time to sell gold. Gold offers one sure way to protect the value of money from uncertainties such as inflation that can corrode paper currencies. Gold investments are favored globally because gold cannot be manufactured and is accepted world over as a payment method.

It is accepted globally that gold has an inherent value. What this means is; when you invest in gold, even though its price may fluctuate frequently, it will increase over time. On the other hand, national currency values can be eroded and lose value considerably in uncertain economic situations.
Posted by Caitlyn Diamond at 9:47 AM 0 Comments

Wednesday, June 08, 2011

US Silver Gold Platinum Palladium Coins

The US Mint has historically used gold, platinum and silver in its coinage. When the US was just being founded, the settlers adopted the Silver dollar as currency for the young and growing American economy.

Silver Coins
The first silver coins were to be printed in 1792, after the US Congress passed the Coinage Act of 1792 authorizing the mintage. However, the silver coins would only be produced two years later, in 1794, thanks to squabbles between the US Mint and the US Treasury. Mintage begun in earnest in 1794 and was continued for decades until 1935 when it was stopped.
Silver coins were effectively discontinued that year, only for production to resume again in 1971. The Silverless Eisenhower dollar was introduced in 1971. However, in 1979, the Eisenhower Silver dollar was replaced by the Silverless Susan B. Anthony coin in 1979. About two decades later, the Susan B. Anthony silver coin was also replaced by a new silver dollar coin. The coin was made from a copper core that was clad in an alloy of copper, zinc, manganese and nickel.

Gold Coins
The US mint produced its first gold coins in 1795. Gold coinage would continue until 1933, when all gold coins were withdrawn from circulation. The move was encouraged by the great depression of the 1930s. Through a presidential decree, the US government made it illegal for individuals to own gold US gold coins.
Tons upon tons of gold coins were returned to the US treasury and melted into gold bars, as reserves. To date, the pre-1933 gold coins are a collector’s favorite US gold coins that are hard to come by. Before the discovery of gold in California, the largest gold coin in the US was the $10 face value coin. The $10 coin had approximately ½ troy ounce of gold.
However, with the discovery of gold in California, the Double Eagle was minted, as a $20 gold coin. Authorization for the mintage of the US Double Eagle gold coins was given by the US Congress in 1849.

Platinum
Currently, the official platinum bullion of the US is the American Platinum Eagle. The American Platinum Eagle has about .9995 of pure platinum content with a face value of $10, $25, $50 and $100. The first ever investment grade coin for the Platinum Eagle was authorized by the US Congress in 1996.
However, the first American Platinum Eagle coins were produced in 1997. They all featured an almost similar design. The US Mint produced around 8,000 one ounce platinum coins in 2009, each carrying a price tag of $1,792.
Palladium
The US is yet to mint Palladium coins, but an Act of Congress to authorize mintage is still being discussed. Currently therefore, the US does not have any official Palladium coins or bullion.

For more information be sure to check out KMG Gold.

Posted by Mike Gupton at 10:11 AM 0 Comments

Monday, April 25, 2011

American Eagle Gold Coins: A Marketing Perspective For Alloyed (Scrap) Gold Coins

Over the years, the gold Eagle from the US mint have become the USA’s most popular bullion coin, and our biggest gold coin seller by far. Each 1-ounce gold Eagle contains a full 31.1 grams of pure gold, with an additional alloy of silver and copper, bringing the total weight up to about 33.9 grams. KMG Gold Recycling buys and sells American Eagle gold coins.

However, gold coins below 99.5% pure gold are subject to GST, HST and PST in Canada, and as such these coins are not as valuable as Royal Canadian Mint 9999, or 99.99% pure gold, gold Maple Leaf coins. 9999 gold coins and bars are not subject to GST, HST or PST in Canada.

Canadians do not favour alloyed gold coins such as Sovereigns, Krugerrands and American Eagles because they have to pay tax on their bullion investments. But according to the following from an American dealer, Americans love the Eagle gold coin.

Gold Eagles from the U.S. Mint are the most popular gold bullion coin in this country, and now make up over 80% of the U.S. physical gold bullion market. This bullion product has been a tremendous success for the U.S. Mint.

For both large and small purchases, gold Eagles are our biggest seller in gold bullion. And, although in the long run it may not matter which form of gold bullion you decide to purchase, there are good reasons for buying Eagles:

They are low-cost bullion products that are easy to buy and sell at reasonable price spreads.

They are easy to store, because they're issued in space-saving Treasury tubes, instead of the more cumbersome individual packaging that comes with all sizes of Kangaroos, Dragons, Pandas, and the fractional-size Canadian Maples.

They are made of tough 22karat gold (91.7% pure), a much more scuff-resistant material than the pure (99.9% or better) forms of bullion.

Some of the various sizes of gold Eagles may have a value to collectors in the future based on their scarcity. A strong after-market has already developed as collectors look to complete their sets going back to 1986 - particularly scarce are some of the low-mintage half- and quarter-ounce gold Eagles from the early 1990's.

Eagles are struck bearing a modified version of a design by Augustus St. Gaudens which graced the old $20 U.S. gold coins issued from 1907 to 1933.

The one ounce size Eagle is very close in size to the older $20 coin, but was arbitrarily assigned a nominal face value of $50. Logically, the tenth-ounce version has a $5 face value, and the half-ounce a $25 value.

But, following the lead of the Royal Canadian Mint in dismissing with any common sense in assigning legal tender valuations to gold bullion coins, the Mint slapped a $10 face value to the quarter-ounce Eagle. Of course, any school-child could have pointed out 1/4 of $50 is $12.50, but the committee that decided to call it $10 obviously lacked even one bright child among them.

We recommend gold Eagles as our first choice for gold bullion purchases in the U.S. Gold Eagles are also the largest component of our U.S. Treasury gold portfolio. The coins featured here, and in our U.S. Treasury gold portfolio, are all Mint-fresh current year dated gold bullion Eagles.

For larger purchases, gold Eagles come from the Mint in original sealed high-impact plastic boxes weighing approximately 40 pounds. Each box contains 500 pure ounces of gold in one size, with the coins packed tight in sealed Treasury tubes.

The one-ounce Eagle box contains 25 tubes of 20 coins each.

The half-ounce Eagle box contains 25 tubes of 40 coins each.

The quarter-ounce Eagle box contains 50 tubes, with 40 coins in each.

The tenth-ounce gold Eagle box has 100 tubes, with 50 coins in each tube.

The one-ounce gold Eagle has a $50 nominal face value, is 91.67% fine gold, and weighs 1.0909 troy ounces. The most popular size bullion coin, it is issued 20 coins per Treasury tube. Its diameter is 32.7 mm, thickness 2.87 mm.

The half-ounce gold Eagle has a $25 nominal face value, is 91.67% fine gold, and weighs .5455 troy ounce. The least popular size bullion coin, and often the lowest mintage, it is issued 40 coins per Treasury tube. Diameter is 27mm, thickness 2.15mm.

The quarter-ounce gold Eagle has a $10 nominal face value, is 91.67% fine gold, and weighs .2727 troy ounce. About the size of a nickel, it is popular in jewelry. It is issued 40 coins per Treasury tube. Its diameter is 22mm, its thickness 1.78 mm.

The tenth-ounce gold Eagle is a $5 face value coin, 91.67% fine gold (22 karat), and weighs .1091 troy ounce. Smaller than a dime, it is a popular small gift item. It is issued 50 coins to a Treasury tube. Diameter 16.5 mm, thickness 1.26mm.

KMG Gold Recycling buys American Eagle gold coins.

Posted by Mike Gupton at 6:47 PM 0 Comments

Sunday, February 06, 2011

Where to Sell Gold Coins


Many people are unsure about where to sell gold coins. Those that know where to sell gold coins, recognize that a reputable business provides the most cash.

Selling your gold coins can actually be a pleasant experience at www.kmggold.ca. The most important thing to do, is to find legitimate companies to do business with. You can accomplish this by asking family and friends and visiting websites with reviews on gold buying businesses. All of these methods will help you narrow your list of possibilities to those that will provide you with respectable quotes.

You can either go to physical stores or you can mail your coins to online businesses. Mailing your coins to an online business will provide you with a quick turnaround time and top dollar quotes. Physical stores, such as a pawn shop, require a lot of your time given that you have to drive around from location to location. They also provide less money for your gold.

When you sell your gold, you will find that there is a market rate that buyers use for the valuation process. The price of gold fluctuates daily. You can find the current price at various website on the Internet. Knowing the accurate price of gold will give you a ballpark figure of what you should be offered.

You will want to visit the Better Business Bureau (BBB) website to check the history of the gold buyer that you plan to go with. The agency keeps detailed records on complaints and other pertinent information on various types of businesses. You can also find out if a company is accredited by the BBB, which means that they have high standards of honesty, integrity and trustworthiness. KMG Gold Recycling is listed with the BBB and has received zero complaints.

Knowing where to sell gold coins will help you get the maximum profit for your unwanted and unused gold coins.

Tags BBB  gold coins 
Posted by Mike Gupton at 2:37 PM 0 Comments