Mom's Silver Shop specializes in buying and selling gold and silver. We are here for all your bullion needs whether small or large. In today’s money market, many are choosing to convert their cash, savings or other investments into gold and silver. Gold and silver bullion is an investment you can hold in your hand, is not tracked by the government and can be easily exchanged back into dollars when the need or desire arises.
The precious metals market is based on spot price. The spot price is simply the price at which a commodity could be transacted and delivered on right now. This is in contrast to futures or forward contracts. The spot price of gold refers to the price of one ounce of gold and the spot price of silver refers to the price of one ounce of silver. Weights for precious metals are based on troy ounces. A troy ounce weighs 31.1 grams as opposed to a Avoirdupois (AVDP) ounce that weighs 28.34 grams.
We can handle any volume that you need. While cash is preferred we do accept credit and debit cards in limited amounts and no limit on wire transfers. Cash purchases can be done up to $10,000 per person. In the state of California, any transactions under $1,500 we are required, by law, to charge sales tax of 8.25%. Any purchase above $1,500, in gold and or silver, is sales tax free.
We also purchase gold and silver jewelry from the public according to the spot price. We carry a large variety of items from a one ounce Gold American Eagle to old U.S. 90% silver dimes. We also have some numismatic items and various collector special issue coins such as Star Trek, Superman, Star Wars, and more.
Mom’s Silver Shop is a family run business and invite you to come in and say hello. We post our buy and sell prices on-line as well as display them prominently in our store so there is no guessing. Our Price Board is updated every 5 minutes to the current market prices so we can be as accurate and fair as possible. We are able to offer discounts on larger orders which is also displayed on our Price Board.