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Price of Gold Per Ounce

The price of gold per ounce changes every minute of the day. This was not always true, for a long time the price of gold per ounce was $20.67 per ounce. In 1934, the dollar was devalued, and the price of gold per ounce $35.00. By 1961 it was becoming hard to maintain a $35.00 price of gold per ounce, so a pool of American and European banks decided to manipulate the price of gold per ounce to prevent further currency devaluation. The price of gold per ounce refers to Troy ounces, which is 31.1g. Around 1970, the price of gold per ounce began to trend upwards, and has varied wildly since then. In early 1980, the price of gold per ounce hit a then record high of $850 per ounce.

The price of gold per ounce then hit a low of $252.90 per ounce in June of 1999. The price of gold per ounce stayed low until 2001, when the price of gold per ounce started to skyrocket. In January 2008, the price of gold per ounce hit a new record at $865.35 per troy ounce. A further record was set just 2 months later, when the price of gold per ounce made it to $1023.50 per ounce.

In late 2009, the price of gold per ounce saw another new surge, as the economy worsened and the US dollar weakened. In December 2009 price of gold per ounce saw another record number, this time at $1217.23. The price of gold per ounce continued to go up in May 2010 due to the European Debt Crisis, even though the price of gold per ounce was at a record high, people there still thought of it as a safe asset.

In March 2011, the price of gold per ounce again hit a record high, this time of $1432.57. This time, the rise of the price of gold per ounce was based on investors’ concerns regarding unrest in both North Africa and the Middle East. On August 23, 2011, gold hit its all time highest price of gold per ounce at $1913.50 per troy ounce. Since then, the price of gold per ounce has dropped steadily. In March of 2013 the price of gold per ounce took a major hit, and went down over $250 dollars in the matter of a few weeks. Today, the price of gold per ounce is in the mid to high $1300’s.

OUR

LOCATION

East Flamingo

Monday – Friday: 9:30 am – 4:30 pm
Saturday: By Appointment Only
Sunday: Closed

WHY CHOOSE US?

READ OUR REVIEWS

The staff are quick at work but not too quick to make you feel pressured into buying items or selling your items. They teach you about the items and tell you if they have use for your items or not. If they don’t have use for your items they call other places to see if they have a use for the items. Great staff!

Ramon

Outstanding experience! This is the best place to change your gold with a great attention. I’m completely impressive because they have a smooth and fast service, definitely nice people!

Pablo V.

Staff was friendly, knowledgeable, and responsive. Building had great security to helped me feel safe in handling my items.

This past Saturday I had the opportunity to meet the owner and team at Nevada Coin and Jewelry. I didn’t know what to expect but they made me feel both comfortable and safe. I went through my collection of jewelry, both broken pieces and things I thought were of no value at all. They took the time to explain what each carat weight was worth and they helped me sort through my items. I was amazed at what they gave me for things I would never wear or use. I would recommend you stop in and speak to them, you might be as pleasantly surprised as I was.

Suzanne P.

I brought them some gold pendants, rings and a few other pieces. I knew they weren’t worth that much but I needed the cash. The guys (and there are a lot of them) were really nice and not the least bit condescending. They know when you come in to sell there is a reason but they don’t make you feel bad or inadequate. The store is filled with interesting objects for sale and for show. A very nice and very fair place to buy and sell. I highly recommend them.

Linda P.

This dealer was beyond excellent in all respects! No low-ball games, no fooling around. These people are honest, and the transaction was handled smoothly with complete transparency. I will definitely recommend Nevada Coin & Jewelry to everybody I know!

Richard C.

Nevada Coin and Jewelry – has excellent customer service – providing las Vegas with top notch service and expertise – this is my primary coin dealers — others just can’t keep up – they are helpful and friendly – in my opinion they are the best in the south west area — so that’s my review a++++ rating – because I am a good customer – this is the best place to buy and sell gold and silver bullion.

Freddie I.

Grateful for the Nevada Coin and Jewelry shop, I just adore it. I took some collectable figurines in and they bought them. I came out smelling like a rose. You should’ve been there to see the big smile on my face. I ran all the way home to look for some more. Can’t wait to get back! I can sure use the money!

Brenda

Been living in Vegas for many years and never had to sell or hock any of my items unfortunately as luck would have it that day did eventually find me and let me tell you is it a tough racket to find a decent place out here to do business with. Pawn shops are a joke and could care less about their customers and treated me like another number. Tried and tried and place after place the numbers where all over the place. Finally decided to go to these guys and I’m glad I did. They tested each piece of my jewelry right in from of me with some kind of xray machine. They explained how they calculated the price and paid me cash on the spot. Avery was very helpful and didn’t mind answering my questions and explaining what they do. I left feeling I got the best price for my items. I would recommend them to anyone looking to sell their jewelry.

Christian M.

What inspired me to go to NV Coin and Jewelry was I was an ad on the TV for the shop. I was not too sure about going to NV Coin and Jewelry to sell my jewelry because I have been to many other pawn shops but haven’t found a good deal for my jewelry. After I went to Nevada Coin and Jewelry it was a big relief for me selling my jewelry for a good price.

Bubba

While vacationing in Las Vegas I did what a lot of people do I’m sure or at least that’s what I’m telling my wife ..I blew through the money I brought a little quicker than expected and I ended up having to shop my Rolex around to several dealers to save the trip. So I looked online for places, most offers over the phone were low and that’s if they would even quote me in the first place. I spoke to a guy at Nevada Coin and Jewelry who gave me a fair ball park price and a reasonable explanation as to why his number couldn’t be solid. Went down expecting to get the lower number and in fact Robert their Rolex expert said my Rolex was a better model then I had described. He paid me a higher number than he quoted. Thanks for saving my vacation guys.

Weldon O.

Really cool cats over at Nevada Coin and Jewelry. You would’ve thought that I was “Madonna” the way those guys treated me. I was so mesmerized by all of the antiques, they have in there, I believe I was there for two hours, just looking, unbelieveable! When I went in I was so hot, they offered me a cold bottle of water, how cool is that? It felt like home to me. I wanted to get a price for some old jewelry that was passed down by grandma, I was well satisfied. When I left the shop, I was singing “Money, Money, Money.

Doris