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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.



East Flamingo

Monday – Friday 8:30 am – 4:30 pm
Saturday 8:30 am – 2:30 pm
Sunday Closed

West Flamingo

Monday – Friday 9:30 am – 6:00 pm
Saturday Closed
Sunday Closed



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.

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.

We were really pleased with the help that AJ gave us concering our gold coins and watches. I don’t think we could have received a better deal anywhere. All of the personnel at Nevada Coin & Jewelry were very professional. We will recommend them to our friends.

Dean & Judy

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.


My friend and I came here to sell some coins and jewelry. We first saw Scott about some coins. He was very friendly and knew his stuff. Afterwards, he brought us over to Sheila who looked at our jewelry. She was also very nice and professional. We will definitely come back here again. GREAT PLACE!!!!

Susanne T.

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.

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!


I am a brazilian and had the chance to deal with Nevada Coin. I was there to sell some gold coins and they paid me the best price I could fetch in Las Vegas. They are professional, courteous and trustworthy. Before visiting their premises I got a tentative appraisal by phone which I found reasonable. In the shop the attendant offered to approach the manager to get me a (gasp) BETTER price. Do yourself a favor and don’t bother talking to their rude and unprofessional competitors. They will treat you like a moron and quote prices accordingly. For Nevada Coin, five Stars all the way.


After visiting a couple of the “traveling gold & silver merchants” who came to Mesquite, I made a call to Nevada Coin & Jewelry in Las Vegas… David was very helpful and professional. Their prices were the best I had seen… I left very satisfied with my trip and the deals we made. I will definitely go there again.

Carol R.

A great selection of coins and other numismatic related material. Very professional.

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