F.A.Q.'S Our Business Hours are 8-4 PST Monday – Friday. Saturday by appointment only. We are located at 304 SW Washington Street in Downtown Portland Our local number is (503)227--GOLD (4653) Long Distance: 1-800-690-4995
***AJPM DOES NOT ACCEPT CREDIT OR DEBIT CARDS FOR BULLION PURCHASES
LOCAL CLIENTS: You may buy and sell physical product (gold, silver, platinum) in our retail store Monday - Friday 8-4 In the Retail Store we accept Cash, up to $10.000, per person, per each 365 days, or cashiers checks for immediate delivery. Personal checks are accepted, but must clear before you take your product with you.
ALL CLIENTS: Make your checks payable to AJPM.
IF WE ARE SHIPPING TO YOU: Postage is $40.00 for ONE ounce of gold. $20.00 for 2-9 ounces of Gold. FREE for 10 or more ounces of Gold. Postage is $25.00 for 1-20 ounces of Silver. $40.00 for 21-999 ounces of Silver. Free shipping on 1,000 ounces of Silver.
WEB SPECIALS are listed on every page of the website. They are DELIVERED (free shipping) unless otherwise noted. Web Specials are sold on a first come, first serve basis.
AJPM does not buy gold jewelry/scrap from the public. Our buying office is Diamond & Jewelry Buyers located at: 534 SW 3rd Ave. Ste 100 Portland OR 97204
ALL ORDERS TO BE SHIPPED: Checks MUST be postmarked within
Who are you? Where are you located? AJPM is the abbreviation for Affordable Jewelry & Precious Metals, which is the name you will see on our retail store. Our store is located at 304 SW Washington Street in downtown Portland, Oregon. We are street level, on Washington Street, just past the corner of 3rd Avenue. Our front door faces the front door of "Sleep Country, USA" We are a family owned business, and have been in business for 30 years. When you call, you are speaking with an owner, and any of us can help you..
Do you sell gold and silver coins? Yes. We sell gold and silver coins/bars. Yes. We keep it in stock. Yes. You may come to the store to purchase gold bullion and silver bullion. You may come to the store to Sell your gold/silver/platinum/palladium coins/bars.
What forms of payment to you accept? We do not, under any circumstances take credit or debit cards. Gold & Silver are liquid, which is same as "cash” . You pay with "cash" when you purchase and you receive "cash" when you sell back. Using the word "cash" meaning collected funds. Which means, green cash, cashier's checks, money orders. Personal Checks are not collected funds. A personal check must clear the bank before it is considered "collected" which means that if you are paying by personal check, you will need to come back to pick up your product after your check clears. Buying gold and silver is not comparable to any other type of product or industry. Either we're competitive, which would make taking any form of plastic impossible, or we're very expensive, which would allow us to take both the risk and fee involved with taking a credit card for bullion transactions. We prefer to be competitive.
**We accept cash, up to $10,000 per person, per year. Our policy is not to accept more than $10,000 in GREEN CASH from any one person, in a years time, however, you can spend a million dollars in the form of cashier's checks, wire transfers or personal checks. Cashier's checks are the same as cash. You can purchase any amount of bullion with cashier's checks. We consider them collected funds. We accept Personal Checks HOWEVER Personal checks are held seven business days before we will release the bullion to you. We accept money market account checks, but, these are incredibly slow to clear, so they are held a minimum of twelve business days.
Do you have everything you show on the website in your store? Yes and no. We keep enough ounces of gold in stock to satisfy most local clients. We keep in stock what is the best deal, the lowest premiums, and what is most popular in Portland. We have the majority of the one ounce coins we show on our gold bullion pages, and try to always have some form of .999 silver in stock. However, we cannot keep all forms of all product in stock at all times.
If we do not have the quantity of an item you are looking to purchase we allow you to lock in the price with a 50% deposit. We have the product sent from our depository in Massachusetts, when it arrives you may come pay the balance and pick up your items. Delivery time is approximately five business days. We require a minimum purchase of 500 ounces of silver, or 5 ounces of gold to ship in the order.
Questions we get asked all the time:
I heard the Government can confiscate my gold, but only if its 22 karat, or only if its old gold, or new gold etc etc etc We hear this all day long, and the "reasoning" is a multitude of different things. The reality is the government can take whatever they want. Your left shoe. Your waffle irons. Whatever they declare. There isn't one type of product over another type that will or won't get confiscated. In history, when that happened, it failed miserably, thus the reason today you can purchase St. Gaudens, Liberties and the like. The only point is that one form of gold over another isn't "safer" or "better" than another in our opinion.
I heard a maple leaf is "better" because its 24 karat. I heard the eagle isn't as "good" because its only 22 karat. We hear all kinds of gimmicky reasons why one type of bullion ounce is better than another. The reality is this: all One ounce coins CONTAIN ONE OUNCE of PURE GOLD. Bullion is bullion. An ounce of gold is an ounce of gold. Eagles, Maples, Krugerrands, Panda's, Kangaroo's, Gold Bars, etc are called bullion because they are the item that you can buy that is closest to the spot price of the metal. Look at like this. If you take a blank round of 1 oz 24 karat gold and stamp a picture on it, now you have a maple leaf, a philharmonic, a gold bar, they're all the same, they just have a different picture, the bar has a different shape. but they are equal. They are bought and sold at a price typically within five dollars of each other. Now lets address this 22kt issue. An Eagle and a Krugerrand start with that blank ounce of 24 karat. Now they ADD copper and ADD silver so now it weighs more than an ounce. It doesn't matter that the karat is less than 24 karat. it weighs MORE than an ounce. It has copper which has value and silver which has value. Being 22kt does not devalue the coins or make them less than. Being 24 karat does not make a coin better than. They are all, within a few dollars, worth the SAME. The few dollars comes from the prices the governments charge to buy the gold. The US government charges a bit more so they cost a bit more. The US Eagle is legal tender. The one ounce is a face value of $50. You could, in theory, go grocery shopping and pay with a gold eagle, for the $50 face value that's its worth. That would silly, obviously, but it is legal tender. You cannot carry a 24 karat coin around in your pocket with your change or it will "melt" (not literally), but it will be the ugliest, scrachiest marred unhappy little coin you've ever seen. Our government alloys the gold (adds the copper and silver) so it can go it your pocket. Like the $20 gold pieces did back in the day when that really was our money.
You say you only BUY BACK NEW AND SCRATCH FREE 24 KARAT COINS: Reading that statement has sent some customers into a frenzy. When you buy coins from AJPM they are "uncirculated" regardless of date. A hairline scratch on a new coin is NOT what we're talking about. NEW & SCRATCH FREE means you didn't play poker with them, didn't take a hammer and a nail to them, didn't rub on them with your fingers leaving finger prints all over the face of the coin, didn't take the gold bars out of the package and put fingerprints and scratches all over them, or bang them out of the tube or flips they were received in, and play with them and klink them together, and were completely careless with them. We have people come off the street with a maple leaf in their pocket, with no cover, banging around with their keys and change. That's a No No! This conversation doesn't apply AT ALL to Eagles, or Kruggerands, or any other 22 karat coin, because unless you were TRYING to damage them, they're pretty hard to scratch. I don't remember ever discounting our bid for an Eagle, Krugerrand, etc. but we will discount $20 per coin, minimum, for a rotten, scratched up maple, panda, kangaroo, gold bar, etc. Hold the coins by the edges and treat them with care, like they're worth the grand their worth, and you shouldn't have any problems!
· If you have questions that aren't covered here, or that you think need to be on our webpages, feel free to email |