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FAQs – Frequently Asked Questions
The most commonly asked questions.
1. Do you buy gold plated, rolled, or filled?
Answer – No
2. What if it’s damaged?
Answer – No
3. How do I know if it’s real? ( jewelry )
Answer – The best way is to use a strong magnet; if it sticks it is not gold. Gold is a non ferrous metal and is non magnetic. After that you need to look for the karat value. They are 10kt (41.7% pure), 14kt (58.6% pure), 18kt (75% pure), and 22kt (90% pure). It is very rare for jewelry to be 24kt (100% pure). If the mark is not visible you’ll have bring it in to the showroom and we will do a streak test ( we rub a small bit on a stone and use nitric acid to test for content).
4. Is 12kt worth anything?
Answer – No 12kt is plated or filled costume jewelry.
5. How do I determine the purity of a coin?
Answer – If it’s not stamped on the coin you can bring it in to the shop, we have a large collection of books to help us identify coins.
6. Do you buy sterling silver, silverware, flatware, and jewelry?
Answer – Yes
7. Do you buy gold flatware?
Answer – Typically, gold silverware and flatware is gold-plated and we would have to test. But if in the event that your pieces contained higher gold content, we would buy it for scrap gold content.
8. Do you sell gold?
Answer – Yes. When in stock we sell collectable US and foreign gold coins, and gold bullion coins and bars. But we do not sell any gold jewelry
9. Do you offer investment advice?
Answer – No. But we do offer charts and educational information that will help you make an informed decision regarding investments in gold, silver, platinum, or collectible rare coins and currency.
One thing we always tell people is that the market is ever changing. The prices we quote, for buying or selling, can fluctuate up or down in a matter of minutes. What you have to decide is when to sell or buy.
We are a family-owned, full-service coin dealer. Visit our showroom to see what we buy, sell or trade in the way of gold and silver coins for investors, or numismatic coins and currencies for individuals, coin collectors or dealers.
James (Jim) Laubach, Owner
316-858-3050 Office
316-655-8479 Cell
Ryan Spencer, Owner
316-858-3050 Office
316-208-1665 Cell
Chris Williams
316-858-3050 Office
316-680-7057 Cell
Duane Rollins
316-858-3050 Office
Kevin Barron
316-858-3050 Office
Heartland Coin Gallery Pays You Well, and Promptly, for Gold & Silver – Come in for a FREE Estimate
Heartland Coin Gallery is located in Wichita, Kansas, and our goal is to serve you well and honestly, in the comfort and privacy of our showroom/gallery in NE Wichita. We are family-owned and have been doing business in Wichita for 54 years. We buy/sell/trade gold and silver bullion for investment and numismatic collectible coins and currencies for collectors.
Heartland Coin Gallery PAYS FAIR MARKET VALUE when you sell us your gold, silver, or platinum jewelry, scrap metals, and for sterling silver silverware and flatware, should you decide to cash in your items of gold and silver. We are willing to schedule in-home appointments for appraisals at your convenience, if your sterling items (or coin collections) are too large to carry into the showroom… call for in-home appointment: (316) 858-3050
NO APPOINTMENT NECESSARY IF you stop by our showroom, Monday – Saturday between our regular business hours of 10am-4pm.
Heartland Coin Gallery Pays You Well, and Promptly, for Gold & Silver – Come in for a FREE Estimate
Heartland Coin Gallery is located in Wichita, Kansas, and our goal is to serve you well and honestly, in the comfort and privacy of our showroom/gallery in NE Wichita. We are family-owned and have been doing business in Wichita for 54 years. We buy/sell/trade gold and silver bullion for investment and numismatic collectible coins and currencies for collectors.
Heartland Coin Gallery PAYS FAIR MARKET VALUE when you sell us your gold, silver, or platinum jewelry, scrap metals, and for sterling silver silverware and flatware, should you decide to cash in your items of gold and silver. We are willing to schedule in-home appointments for appraisals at your convenience, if your sterling items (or coin collections) are too large to carry into the showroom… call for in-home appointment: (316) 858-3050
NO APPOINTMENT NECESSARY IF you stop by our showroom, Monday – Saturday between our regular business hours of 10am-4pm.
Gold Retains Value
Gold does not move up or down in terms of real value – the price of paper (fiat) currency is what changes. One ounce of gold during the Great Depression of the 1930s would buy a very nice man’s suit. The same is true today – one ounce of gold will sill buy a very nice man’s suit. Our paper money is what changes in value and is rapidly becoming more worthless every day, through inflation. A way to keep up with inflation is to have some of your assets in gold and silver. Put your money in real money.
Gold is Valuable
Charles Goyette, author of the book, The Dollar Meltdown: Surviving the Impending Currency Crisis with Gold, Oil, and Other Unconventional Investments, suggests converting some of your dollars into tangible assets (such as gold and silver) it will help offset a loss in value of your currency regardless of what happens geopolitically or on Wall Street. He is not alone in the belief that America is headed toward high inflation and devaluation of the dollar, and has some good advice on where to buy gold and silver, for physical possession..
Gold is Wealth Insurance
Gold and silver investments are valuable because they function as ‘wealth insurance’ for the protection of your investment portfolio. Paper currencies, throughout history, have always been unsustainable. Precious metals in the form of gold coins or gold and silver bullion, are better ‘protected’ assets in that nobody but the marketplace impacts their value during times of inflation, hyper-inflation, or even deflationary periods. Yes, gold can go down during periods of deflation or depression, but the value of paper currencies is likely to drop even more.
Silver is a Monetary Commodity
In more than one language, ‘silver’ is the same word as ‘money’. Silver is a store of value in the face of dollar destruction, and has been termed the poor man’s gold but silver’s price is more volatile that the price of gold, which can result in greater profits… or losses, in a short period of time. Always, caveat emptor (let the buyer beware) but the price of silver will not go to zero because it has monetary value as coinage, retail value as jewelry and silverware, and industrial value.
Silver for industrial use is greater than that of the silver used for monetary applications, so supply and demand for commercial use of silver plays a part in the value of silver, in addition to market speculation by investors.
Silver has the highest light reflectivity and sensitivity. It is chemically reactive and highly resistant to corrosion, in addition to being malleable and ductile. Because of these qualities, silver will always be in demand, with more than half for industrial use followed by jewelry and silverware. Demand for minted silver bullion is high and over the past few years, the mint has briefly halted sales to catch up with demand for silver bullion.
Silver Coins as Legal Tender
The Greeks were among the first to use silver as a coinage in the drachmas which were popular trade coins throughout the Greek empire. American silver coins (pre-1965) have more silver content than coins minted today, and are still in circulation as legal tender for trade and commerce, but more so as junk silver and collectible coins due to the higher silver content as a store of value and a hedge against inflation, deflation and currency devaluation. Visit our ‘Coins’ page for the percentages of silver in US minted coins.
US Silver Coins
Legal and lawful tender coins of the United States are minted as coinage for the purpose of conducting trade and commerce as set forth by and official act Congress, who has the only authority to coin money, through the Coinage Act of 1792. The first mint was in Philadelphia, which at the time was the capital of the United States. Today, the US Mint is headquartered in Washington, D.C. and the US Treasury mints coins at mint facilities in Philadelphia, Denver, San Francisco, and West Point and a bullion depository at Fort Knox.
Gold / Silver Ratio
The gold/silver ratio is how many ounces of silver it takes to buy one ounce of gold (divide the price of gold by the price of silver). In the nineteenth century the US government failed in its attempt to institute a bimetallic standard for gold and silver coins in circulation at the fixed exchange rate of about 15-16:1. The price fixing proved unworkable. Look for silver to fall more than gold in a bear market, and outperform gold in a bull market (precious metals bull market, that is) but the gold/silver ratio cannot predict if the price will rise or fall.
In ancient times, 2 oz. of silver could buy 1 oz. of gold but in 1991 the ratio was 100:1 making silver a very inexpensive investment. The higher the ratio, the better the buy, in silver.
Grace Med receives gold coin donation
(WICHITA, Kan.) — Doctors and nurses at Grace Med received an unusual donation Thursday. Heartland Coin Gallery donated a gold coin to the clinic.
The coin is valued at $1,700. Grace Med says the coin can help pay for the care of 150 people.
Director Dave Sanford says Heartland Coin heard about coins being donated to other charities and decided to help Grace Med. “It always amazes me at the grace and goodness that people provide, particularly at this time of year,” Sanford said.
Grace Med plans to auction the coin off during a fundraiser next year in an effort to generate even more money to help patients.
(source: http://articles.kwch.com/2012-12-13/gold-coin_35804204)
Doing Our Part for the Wichita Community: Grace Med receives gold coin donation – KWCH http://t.co/1CNA6ikZrq via @ArchiveDigger
— Heartland Coin (@Heartland_Coin) March 4, 2014
Heartland Coin Sponsors KWCH Weather Umbrella
Umbrella Giveaway
KWCH 12
September 19, 2012
You can win a KWCH umbrella sponsored by Heartland Coin Gallery. They are given out daily.
Winners are announced daily on KWCH 12 Eyewitness News at 6pm and 10pm.
To enter your chance to win provide all the requested information below. Or send your name, phone number, email address, and mailing address on a postcard to:
Weather Umbrella
KWCH 12
2815 E. 37th North
Wichita, KS 67219
Your complete mailing address must given or your entry is void. Or if you are already a member, please enter the contest form data below.
Winners are announced daily on KWCH 12 Eyewitness News at 6pm and 10pm. Participants may only win once per year. If an entry of a winner is picked again, it will be void and a new winner will be drawn.
Multiple entries are allowed, but only 1 entry per day. Any violation of these rules will result in the entry getting discarded. Employees of Sunflower Broadcasting or Heartland Coin Gallery are ineligible to participate. All entries will be held until the last day of each month.
Heartland Coin Gallery 