HAVE GRANDFATHER’S COLLECTION? NEED TO SELL BUT DON’T KNOW WHERE? TRY YOCS.

Ye Old Coin Shop is a steady buyer of United States Gold and Silver Coins. We have been buying and selling coins and numismatic items for more than 50 years. With our experience and knowledge, we can offer you much more for your collection than anyone we know. There is no lengthy waiting period to get paid.

Why you should choose Ye Old Coin Shop when selling coins?

We have over 50 Years of experience in buying/selling/appraising coins.

We can pay TOP PRICES as we operate with low overhead.

We are authorized NGC Coin Dealer and a member of American Numismatic Association.

How it works?

In Person

Visit our store and get an offer for your valuables. We will examine your lot and make an offer for it all. If you agree to sell, we pay while you wait. It’s that simple! For security and other purposes, we strong recommend that you call before you arrive. Our regular hours are 1:00-5:00 p.m. Monday-Saturday. However, we travel for coin shows and conduct outside appraisals. Occasionally our hours change; however, we can arrange appointments at other times when needed.

By Mail

1. Call us at 706-379-1488 to discuss your collection (or email: ceo@yeoldcoinshop.com)

2. If you have items that we buy, then pack your items securely and ship insured. We recommend that you do not address the package directly to Ye Old Coin Shop (to avoid suspicion of contents.) It is better to address the package personally to Dr. Nancy W. Kelly, YOCS, 6156 Southern Rd., Young Harris, GA. 30582.

3. Include a list of contents as best you can describe. Include at least one phone number and email address where we can reach you.

4. We will call or email you within 24 hours of receiving your collection with our generous offer. If accepted, we will issue a check or send money to your PayPal account immediately.

Difference in Troy Ounce and Avoirdupois Ounce

Precious metals such as gold and silver are often sold by the troy ounce. Many people don’t realize that an ounce of gold (and other precious metals) is weighed in a different weighing system called "troy weights". A troy ounce is more than the typical ounce found at the grocery store. In many English speaking countries there are two systems for measuring weight. One, for precious metals, called the troy ounce.The other is for Commodities such as sugar, grains, and the typical grocery items. It is called the avoirdupois ounce.

Avoirdupois weights 

Here in the USA we often use the avoirdupois ounce for everyday weighing. Every time you step on the scale at home, or weight food found in the grocery, you use the avoirdupois ounce weight system. There are 16 avoirdupois ounces in a pound. 1 avoirdupois ounce = 437.5 grains, or 28.35 grams. 1 avoirdupois pound contains 16 (avoirdupois) ounces. This makes an Avoirdupois pound equal to about 453.6 grams, or the equivalent of 14.583 "troy ounces". So what do you get when you buy an ounce ?The troy ounce is heavier than the typical grocery store (avoirdupois) ounce used in the USA. When you purchase a 1 ounce silver or gold coin, you are receiving a "troy" ounce. If you put that same 1 troy oz. coin on a grocery store scale you will find that it weighs about 10% more than the food (avoirdupois) ounce you are familiar with. It will weigh about 1.1 avoirdupois ounces. A troy ounce is equivalent to about 31.1 grams. Separately, the troy weight system has it's own definition of a "troy" pound. A "troy pound" contains 12 troy ounces or 373.24 grams (which is over 13 avoirdupois ounces).It is thought that the troy ounce was named after a weight system used in Troyes France during the Middle Ages.

Troy weights

One troy ounce = 480 grains, or 31.10 grams. There are also 20 pennyweights to a troy ounce. A troy pound contains 12 troy ounces (over 13 avoirdupois ounces) and is equivalent to 373.24 grams. 32.15 troy ounces = 1 kilogram. Consequently, a grocery store pound which weighs 16 avoirdupois ounces (or 453.59 grams) will contain about 14.58 troy ounces.Perhaps an easy way to compare Troy ounces versus avoirdupois ounces is to look at how they weigh using the metric system.  One troy ounce weighs 31.1 grams.  One avoirdupois ounce weighs 28.35 grams.

How to convert regular (avoirdupois) ounces to a troy ounce

Use this formula for an approximation to convert grocery store type weights to troy ounces.  Multiply # regular ounces X .912 to get approximate # troy ounces.  Examples: A grapefruit weighs about 127.5 grams, or 4.5 avoirdupois ounces.4.50 x .912 = 4.10 troy ounces. Ten troy ounces are equivalent to about 10.96 regular ounces. Because each troy ounce is heavier, it would take almost 11 regular ounces to equal ten troy ounces.

In Summary: 

A troy ounce is heavier than an avoirdupois ounce (1 avoirdupois ounce = 28.35 grams, a troy ounce = 31.1 grams.)  A troy pound is lighter than a avoirdupois pound because it contains fewer ounces.  (Troy pound contains 12 troy ounces, avoirdupois pound contains 16 avoirdupois ounces. Even though the troy ounces are heavier, that difference is not enough to make troy pounds heavier.)