Discover Top Spots to Sell Your Precious Metals: Cash for Gold in San Jose

Precious Metals
Gold Coins

In today’s uncertain economic times, many people are looking for ways to earn extra cash. One option that has become increasingly popular is selling unwanted gold and other precious metals. Whether you have old jewelry, coins, bullion, or other items made of gold, silver, or platinum, there are plenty of buyers in San Jose who are willing to pay top dollar for these items. 

However, not all cash-for-gold businesses are created equal, and it’s important to do your research before choosing a buyer. In this comprehensive article, we’ll explore the various factors that you should consider when looking for the best place to sell your precious metals in San Jose

Testing Precious Metals 

There are several types of testing equipment used to test precious metals, including X-ray fluorescence (XRF) analyzers, inductively coupled plasma optical emission spectroscopy (ICP-OES) instruments, and fire assay methods. Other methods include electronic testers, acid tests, and density meters. The choice of equipment depends on the specific application and accuracy required.

R&J Jewelry and Loan Tests Precious Metals


The Sigma Metalytics Metals Verifier is a handheld device used for non-destructive testing of precious metals, including gold, silver, platinum, and palladium. It uses advanced X-ray fluorescence (XRF) technology to quickly and accurately determine the purity and composition of the metal being tested.

The device is designed for both professional and personal use, and it can be used to verify the authenticity of precious metal items such as coins, bars, and jewelry. The Metals Verifier can also be used to test other metals such as copper, brass, and aluminum.

The Sigma Metalytics Metals Verifier is portable and easy to use, making it a popular tool for buyers, sellers, and collectors of precious metals. It provides fast and accurate results without the need for destructive testing, which can be important for preserving the value and integrity of precious metal items.


Why Is Having Your Precious Metals Important Before You Sell?

Testing a precious metal is important before you sell it, because it helps determine the metal’s purity and value. Precious metals such as gold, silver, platinum, and palladium are commonly used in jewelry, coins, and bullion, and their value is based on their purity and weight.

If you are selling a precious metal item, you need to know its purity to ensure that you get a fair price for it. Testing can help determine the metal’s karat, fineness, or percentage of purity, which can vary depending on the specific alloy or mix of metals used to create the item.

Testing can also help identify counterfeit or fraudulent items that may have been made with lower-quality metals or plated with a thin layer of precious metal. By verifying the authenticity and purity of your item, you can avoid selling it for less than its true value.

Overall, testing a precious metal before you sell it can help you make informed decisions about pricing and ensure that you are getting a fair price for your item.

We Buy Gold


GoldMax is a national chain of gold pawn shops with several locations throughout San Jose. They are known for offering some of the highest payouts in the industry, and their experienced staff will appraise your items on the spot. They buy all types of gold, including broken jewelry, coins, and bars, and offer cash advances on larger transactions.

2. San Jose Gold and Silver Exchange

San Jose Gold and Silver Exchange has been in business since 1980 and is one of the most trusted names in the industry. They are known for their fair prices, and they offer a transparent buying process. They buy all types of precious metals, including gold, silver, and platinum, and they also buy and sell rare coins and bullion.

3. R&J Jewelry and Loan

San Jose Jewelry and Loan is a family-owned business serving the San Jose community for over 45 years. They offer competitive prices for all types of gold and silver pawn items, including jewelry, coins, and bullion. Their experienced staff will provide a free appraisal and walk you through the selling process, ensuring a hassle-free experience.

Pawn Loan

The Importance Of Finding A Reputable Buyer For Your Gold

Finding a reputable buyer for your gold is essential for several reasons. Firstly, you want to ensure that you get the best possible price for your items. A trustworthy buyer will offer you a fair price based on the current market value of gold, without hidden fees or charges. They will also provide you with a transparent and straightforward transaction process, ensuring that you feel confident and secure throughout the entire process.

Secondly, dealing with a reputable buyer helps avoid scams and fraudulent activities. Unfortunately, there are many unscrupulous individuals and businesses that try to take advantage of people looking to sell their gold. These scammers may offer you prices far below market value, or trick you into sending them your gold without any intention of paying you.

By finding a reputable buyer, you can protect yourself from these fraudulent activities and ensure that you’re dealing with a legitimate business. A reputable buyer will have a solid reputation in the industry, with positive reviews and testimonials from previous customers. They will also have the licenses and certifications to operate in the gold buying industry, ensuring that you’re dealing with a trustworthy business.

Lastly, working with a reputable buyer provides peace of mind. You can rest assured that you’re getting a fair deal for your gold and that the transaction process will be smooth and hassle-free. This allows you to focus on your other priorities, whether that’s paying off bills, saving for a vacation, or investing in a new project.

Overall, finding a reputable buyer for your gold is crucial if you want to get the best possible deal and avoid fraudulent activities. So, take your time, do your research, and choose a buyer with whom you feel confident and comfortable working.

How To Determine The Value Of Your Gold

Determining the value of your gold is an important step in the process of selling it. There are several factors that come into play when determining the value of gold, including its purity, weight, and current market price. Here are some steps to help you determine the value of your gold:

Check the purity: Gold is measured in karats, with 24 karat gold being pure gold. Other karat amounts, such as 18k or 14k, indicate a lower purity level. You can check the purity of your gold by looking for a hallmark stamp on the item.

Weigh the gold: The weight of the gold will also affect its value. You can use a digital scale to weigh the gold and determine its weight in grams.

Calculate the value: Once you know the purity and weight of the gold, you can use a gold calculator or consult with a reputable buyer to determine its value based on the current market price.


When it comes to selling your precious metals, such as gold, silver, or platinum, in San Jose, it’s crucial to do your research and find the best place to get the most money for your items. As we’ve discussed in this comprehensive guide, several factors play a role in choosing the right cash for gold business, including reputation, pricing, and customer service. Find a dealer like R&J Jewelry and Loan with a Sigma Metalytics Metals Verifier. 

It’s important to ensure that you’re dealing with a reputable business that offers fair pricing and excellent customer service. By following our guide, you can confidently find the best places to sell your precious metals in San Jose and get the most cash for your items. Remember to do your due diligence and shop around to get the best deal. 

With the right research and preparation, you can sell your unwanted or unused precious metals and get the financial boost you need. R&J Jewelry and Loan pawn shop is the best pawn shop where you can have cash for gold in San Jose. Check out our website and contact us. 

Morgan Silver Dollars, Pawn Shops Are A Great Hedge Against Inflation

Morgan Silver Dollars
Morgan Silver Dollars

In 1960 the paper dollar and the Morgan dollar circulated side by side, and they both had the same value. Now the Morgan Dollar is worth $34.00.

1971 The United States Abandonded the Gold Standard

In 1971, by executive order by the President of the United States, the United States would no longer convert dollars to gold at a fixed value. This order abandoned the gold standard, and President Nixon did this to address the country’s inflation problem and discourage foreign governments from converting dollars for gold. Since the gold standard was eliminated in 1971, gold and silver are great hedges against inflation.

The Coinage Act of 1873

The Coinage Act of 1873 revised laws to move towards the gold standard and away from silver. The Act specified the exact silver coins that could be minted and their respective weights, but the standard silver dollar was not included. This ended the free coining of silver and the production of the Seated Liberty Dollar.

The Coinage Act of 1873

The Morgan Dollar

The Morgan dollar is a United States dollar coin minted from 1878 to 1904 and in 2021. It was the first standard silver dollar minted since the Coinage Act of 1873.

In 1878 the Sherman Silver Purchase Act increased the United States government silver purchases increases silver dollar production. The Panic of 1893 an oversupply of silver triggered bank failures causing economic depression. In 1904 the Morgan Dollars ended after the mints stopped manufacturing Morgan Dollars when the silver reserves were gone.

Two rare silver coins both depict United States history.


The front side of the Morgan Dollars depicts Liberty wearing a Phrygian cap with “Liberty” on the hairband. On Liberty, the front is displayed wearing a radiating crown, and the reverse shows a bald eagle resting on an olive branch. Originally named the Liberty Head Dollar, the Morgan dollar was minted in the Philadelphia Mint, New Orleans, Carson City Mint, Denver Mine, and the San Francisco mint. There were criticisms about its design as well as its weight and size.

Photo Of George T. Morgan (Click Photo For Source)

George T. Morgan

Morgan, born in November 1845, was a British immigrant who assisted William Barber, the Chief Engraver at the Philadelphia Mint. The Morgan Dollar is one of seven coins designed by George T. Morgan and an assistant engraver at the Philadelphia Mint.

Director of the United States Mint, Henry Linderman, realized that the nation desperately needed a new silver dollar coin. He instructed George T. Morgan and William Barber to design a coin depicting Lady Liberty. Morgan decided to show an American woman instead of a greek profile on the coin.

Anna Willess, Williams

A teacher from Philadelphia, Anna Willess, Williams, sat five times as her portrait was used for the Morgan Dollar. The reverse depicts an eagle with wings outstretched. Liberty’s cap is adorned with two stalks of wheat and two cotton blossoms representing American agricultural heritage. The eagle with its wings outstretched holds an olive brand in its mouth, representing peace as it perches atop a bundle of arrows symbolizing readiness for war. Encircling the coin above the United States Of America is the denomination, one dollar with stars on each side. The obverse features the head of lady liberty facing left with the words E. Pluribus Unum in the upper curve of the coin.

The Morgan Dollars all have an M representing George T. Morgan’s efforts in the coin design.

The Morgan Dollar series had a rough start.

The problems started five years before the first Morgan Dollars were ever minted. Why? Under the Mint Act of 1873, the Act ended bimetallism in the United States and placed the United States firmly in the gold standard and away from silver. The production of circulating Liberty seated silver dollars ended in favor of trade and gold dollars. Silver dollars made up less than one percent of circulating silver.

Some people called the coin the Cartwheel because of its size and weight and cowboys in the west. Morgan Dollars are 90% silver and 10% copper, and its ways 26.73 grams, almost an ounce. Imagine carrying around 20 of these coins all day long.

Nicknamed the Buzzard Dollar

Mostly circulated in the American west, the Morgan dollars were nicknamed the buzzard dollar because the bird on the reverse side of the coin was said to look like a buzzard, not an eagle.

It was initially minted from the largest silver strike in U.S. history, the Comstock Lode.

In 2021 the Morgan Dollar was replaced by the Peace Dollar.

Nicknamed the Buzzard Dollar
Photo Provided By CoinWeek (Click Image For Source)

Over a quarter-million of the older Morgan Dollars were melted down to mint the 1921 coin, which was over half of the entire mintage from 1878-1904. A surprisingly large number of Morgans still exist and can be found in uncirculated conditions. The Denver Mint only struck Silver Dollars during 1921 because the Treasury had destroyed the obsolete Morgan Dollar dies in 1910, and a new master die had to be created.


George T. Morgan designed the reverse design of the Columbia Exposition Half Dollar and the reverse design of the McKinley Birthplace Memorial Gold Dollar before his death in January 1925.

Photo Provided By Coin Study (Click Image For Source)

Mint Marks

A mint mark is a small capital letter or letter identifying where a coin was made. This is important because the mark holds the maker responsible for the quality of the currency. Mint marks first began being used in 1838.

A mint is an industrial facility that manufactures coins that are used as currency. Historically coins were hammered or cast, which took time. Now coin dies are used to manufacture large numbers of coins. Planchets are made into milled coins. Planchets, sometimes called flans or blanks, are small metal disks used as the bases for the currency.

The United States has had eight different mints over the last 200 years. The small capital letters tell the location where the coin was birthed.

Carson City, Nevada, struck both gold and silver coins between 1870 and 1893, and the double letter CC is used for this location. Between 1838 and 1861, the mark C was used to denote the minting that took place in Charlotte, North Carolina.

The D mintmark was used for the Dahlonega, Georgia Mint, which operated between 1838 and 1861, and this mint only manufactured gold U.S. coins. In 1906 the D was then used for Denver, Colorado.

The O mintmark represents the facility in New Orleans, Louisiana, between 1838 and 1861 and between 1879 and 1909.

The only mint that did not have a mint mark is the coins manufactured in Philadelphia, which often carry no mint mark.

silver Morgan dollar collection
Photo Provided By 2nd Markets (Click Image For Source)

Coin Collectors

Coin collectors are skilled in looking at the date on a coin and the mint mark to determine where the coin was made. Which U.S. Mint a coin was manufactured at tells a great deal about its historical significance. Because the Morgan Dollar had a rough start, some of the first years of issue coin an extra historical significance.

Morgan’s silver dollar values start from as low as $10 to as high as $100. However, the most expensive MS65-graded coins with the 1889 CC bring $300,000.

The rare 90% Morgan Silver Dollar is considered the most desirable Morgan ever manufactured. The key-date 1893‑S Morgan is a showpiece. According to Coin Trackers, a certified mint state 1893-S Morgan could bring as much as $550,000 at auction.

Coin Grading Scale

A coin grading scale is a process of determining the grade or condition of a coin. Grading is directing related to assessing the value of the currency. The coins’ grade is determined by strike, preservation, luster, color, and attractiveness.

The American Numismatic Association

The American Numismatic Association was founded in 1981 by Dr. G. Heath. It was established to advance the knowledge of numismatics along educational, historical, and scientific lines and enhance interest in coin collecting. The American Numismatic Society is an organization dedicated to studying coins, currency, medals, tokens, and related objects from all cultures, past and present.

What Coin Grading Service is best?

If you want your coin’s certification to be universally accepted, you may want to stick to the two most trusted servicesNumismatic Guaranty Corporation (NGC) and Professional Coin Grading Service (PCGS). NGC and PCGS are trusted around the world because of their consistent and reliable grading.

The main reason to have a coin graded is to determine its market value. To understand its value, you have to know how well it was made, to begin with, how well it was preserved, and how much wear and damage the coin has sustained. The uncirculated finish is a coin that has never been in circulation and obviously maintained well. These coins bring top dollar.

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Paper money is also graded, and United States banknotes are graded like the coin grading system. The topmost pristine grade is new or gem, the worst being poor. Paper money or notes have a natural advantage over coins in that they are lighter to carry, but they are also less durable than coins. Either way, collecting coins and notes is a great hobby and investment.

Where can you buy and sell coins like Morgan Dollars?

Morgan dollars were minted and are now sought after as a hedge against inflation and by collectors. Silver coins, silver bullion, and precious metals are worth the time and effort put into finding the right deal. Pawnshops carry Morgan dollars because other customers had gone through their large quantities of coins and decided to sell them or use them as a collateral pawn loan item when they needed fast cash. Popular coins like a silver coin are those with a historical significance, and sometimes grandparents from the world war era saved Morgan dollars and other silver coins to give to their children and grandchildren.

With the most recent changes in the economy, some customers had to dig through their coin staches and find the coins with “tail feathers,” Morgans, and took them into pawn shops to sell. Did you know that the original Morgan dollars had an eagle on the reverse side that had eight tail feathers, and soon after production began, the U.S. mint was advised that the eagle should have eight tail feathers. The design was changed. Some of the 1878 Morgan dollars have eight tail feathers, whereas some have seven.

Pawnshops also have fine silver, a silver bullion supply, and pure silver dollars for retail. The stock qty depends on the traffic the pawnshop has experienced at their store and the number of customers trading in silver coins for cash.

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R& J Jewelry and Loan

R & J Jewelry & Loan pays cash for a wide variety of products. Silver, diamondsJewelry – you name it, we can help. When you come to our pawn shop in San Jose, CA, you can be sure you’re dealing with EXPERIENCED and dependable professionals. Trade your unwanted items at our pawn shop. We will buy, sell and trade all types of jewelrysilver, and luxury items. We will purchase, sell, and exchange goods. We are the leading Gold Coin Buyers in San Jose, Ca. Buy your silver, Morgan Silver Dollars, fine silver, precious metals, dollar coins, junk silver, luxury handbags, Rolex, luxury watches, and more.