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.

2 LAS VEGAS

LOCATIONS

East Flamingo

2675 E. Flamingo Rd Suite #10
Las Vegas, NV 89121
(East of Eastern Ave)

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

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West Flamingo

6380 W. Flamingo Rd Suite B
Las Vegas, NV 89103
(East of Torrey Pines)

Monday – Friday 9:30 am – 6:00 pm
Saturday 10:00 am – 4:00 pm
Sunday Closed

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READ OUR REVIEWS

Great family run store. I’m well taken care of every time I show up at this location. Thank you Nick.

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

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

I recently got divorced so I wanted to get rid of some of the jewelry my ex-husband got me. I found Nevada Coin and jewelry searching the web. When I called the guy that answered the phone was friendly and willing to quote me a price per gram. I went to their store on Flamingo, Avery whom I spoke to on the phone tested my items using some kind of x-ray machine. I could see that some of my jewelry was not the karat I thought (some lower some higher). He paid what he quoted on the phone no bait and switch. It took less than 15 minutes got my cash and got rid of some bad memories. I would recommend this company if you are looking to sell jewelry.

Virginia F.

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.

They took the time to help me sell my item and find an item. The staff does not rush you or pressure you into buying something. They take you on a little adventure by telling you about the items you are selling and looking at…

Miller B.

Professional, friendly staff. Knowledgeable and fair. An interesting experience and would definitely visit again.

Gail B.

A.J. and Robert are so friendly and make it so you have the best deal with the items you bring them. They have so much knowledge about all the items they have in their shop and they like to teach others about what they know…

B.C.

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 friendly staff. They help you sell your items even if they don’t have a use for it by calling other shops around the area to see if they could use it… They want you to have the best out come from selling your items. I was so happy I decided to go to them!

B.J.

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

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

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.

My Aunt recently passed and she lived in the outskirts of Las Vegas. While my sister and I went through her estate we found a number of items that neither of us considered keeping, but our aunt was clear in her will that she wanted us to use her things to make a profit and in turn use that money to help our futures. We shopped around, especially not being from the area, and got a lot of negative experiences just on the phone. People were rude, uninformative, and really just gave us a feeling they wanted to rip us off. It made us think of those dirty pawn shops you “hear about”. Finally I called Nevada Coin and Jewelry and the whole day shifted! We described a few pieces of jewelry and they helped us figure out initially a general value based on the metal. Of course, they did explain the importance of actually coming in and examining the pieces individually. That level of service over the phone got us through the door. When we went to the spot we were greeted with the same level courtesy, but the professionalism when going over each item and it’s value was through the roof! They took the time to explain why each item was worth what amount and even gave us a little bit of history on the styles. At the end of the day, my sister and I walked away with a sizable amount of money to put towards my son’s college fund and my sister’s vet school. Thanks, Nevada Coin and Jewelry!

Ashleigh L.

Miller B.

Richard C.

Christian M.

Ramon

Great family run store. I’m well taken care of every time I show up at this location. Thank you Nick.

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