Inheriting a Gold and Silver Coin/Bullion Collection? Here’s What to Do Next

7/30/2025

Inheriting a Gold and Silver Collection? Here’s What to Do Next

If you’ve recently inherited a collection of gold or silver in Amarillo or anywhere in the Texas Panhandle, you might be wondering what to do next. Whether it includes gold coins, silver bars, gold ingots, certified or uncertified coins, or foreign pieces, navigating the process can feel overwhelming.

At Lone Star Gold and Silver Buyers, we’re here to help with a step-by-step guide—designed for anyone looking to get informed, avoid scams, and connect with trusted gold buyers and silver buyers in the Amarillo area.

Step 1: Know What You’ve Inherited

Every collection is different. Some pieces may have just melt value, while others could be worth much more. Whether you’ve inherited a few coins or an entire estate, the first step is understanding what you have.

There’s also a lot of false and misleading information on the internet—especially when it comes to estimating gold and silver values. Be especially cautious with apps on your phone that claim to show coin values—they often provide wildly inaccurate data and are not trusted by professionals.

That’s why it’s so important to speak with a local gold and silver exchange professional—someone honest and experienced who can give you accurate information before you make any decisions.

If you’re unsure where to begin, don’t worry—we’re here to help you understand your options with no pressure to sell.

Step 2: Sort the Collection and Check Market Prices

Start by organizing the collection into these categories:

Gold and silver coins
Gold ingots or bars
Certified and uncertified coins
Gold and Silver Foreign Coins

This makes things much easier when talking to a buyer.
It’s also smart to check the current gold and silver market before taking further steps. Prices change daily and knowing the spot price helps you set realistic expectations.

□ Check live gold and silver prices at Kitco.com

Step 3: Get a Professional Local Evaluation

At Lone Star Gold and Silver Buyers, we provide free, no-obligation evaluations in a secure, private setting. We’re experienced in everything from vintage U.S. coins to foreign bars and bullion—and we serve all of Amarillo and the Texas Panhandle.

□ Visit us at:
13480 FM 2590, Unit A, Amarillo, TX 79119

□ Call or Text:
806-670-5499

□ lonestargoldandsilverbuyers.com

Whether you’re looking for a gold exchange you can trust or want fast cash for silver, we’re happy to walk you through the process step by step.

Step 4: Deal Only with Licensed Precious Metals Dealers

When selling gold or silver, it’s crucial to work only with licensed and registered precious metals dealers. This protects you from scams and ensures fair, legal transactions.

Lone Star Gold and Silver Buyers is fully registered with the Texas Office of Consumer Credit Commissioner (OCCC), giving you peace of mind that you’re dealing with a reputable and trustworthy business.

Step 5: Avoid Online Mail-In Offers

It might seem convenient, but mail-in gold services and online quote forms can put you at risk. You give up control of your valuables and often get underpaid. Local gold buyers and silver buyers offer a safer, face-to-face experience with immediate answers and no games.

Step 6: Understand Current Market Value

The price of gold and silver fluctuates. We’ll help you understand how your collection’s value is tied to live market prices and how different types of items—coins, bars, or bullion—are priced differently.

Step 7: Sell When You’re Ready

There’s no pressure. When you feel confident and ready, we pay cash on the spot or issue a check—your choice. Whether you need cash for gold, want to downsize your collection, or just want a second opinion, we’re here to help.

Why People Across the Texas Panhandle Choose Lone Star

Trusted by the Amarillo community for over a decade
Locally owned and operated
Transparent, honest pricing
Free evaluations with no obligation to sell
Instant payment: Cash for gold and cash for silver
Registered with the Texas Office of Consumer Credit Commissioner (OCCC) for your protection

We proudly serve Amarillo, Canyon, Bushland, Panhandle, Vega, Hereford, and even larger towns across the New Mexico border like Clovis and Portales.

Turn Uncertainty Into Confidence

Whether you inherited a full estate or a small box of mixed coins, we’ll help you turn questions into clarity—and value. Skip the confusion, avoid online traps, and work with a trusted gold exchange and silver exchange right here in Amarillo.

□ Call or text us today at 806-670-5499
□ Or visit us at lonestargoldandsilverbuyers.com

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Why 90% Silver Halves, Quarters, and Dimes (Junk Silver) Are Bought and Sold by Face Value

6/5/2025

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Why 90% Silver Halves, Quarters, and Dimes Are Bought and Sold by Face Value
From Lone Star Gold and Silver Buyers – Amarillo’s Local Precious Metals Experts

If you're holding on to old U.S. silver coins and wondering what they’re worth, one term you’ve likely heard is “junk silver.” At Lone Star Gold and Silver Buyers, we buy 90% silver coins daily—and one of the most common questions we answer is why these coins are bought and sold by face value, not by their weight.
Let’s explore what this means and how it can help you get top dollar for your silver coins right here in Amarillo, Texas.

What Is “Junk Silver” and What Coins Are Included?

The term "junk silver" refers to U.S. dimes, quarters, and half dollars minted in 1964 or earlier that contain 90% silver and 10% copper. They’re not “junk” because they’re worthless—far from it. They’re simply not rare or collectible, so they are valued primarily for their silver bullion content.
Common examples of 90% silver “junk silver” coins include:

Dateless Barber Dimes, Quarters, and Half Dollars (1892–1916)
Mercury Dimes (1916–1945)
Roosevelt Dimes (1946–1964)
Washington Quarters (1932–1964)
Walking Liberty Half Dollars (1916–1947)
Franklin Half Dollars (1948–1963)
1964 Kennedy Half Dollars (only that year)

Each $1 in face value of these coins contains approximately 0.715 troy ounces of pure silver when averaged across multiple coins. That consistent silver content is why they’re priced and traded by face value rather than by weight.

Why Dealers Use Face Value, Not Weight

At Lone Star Gold and Silver Buyers, we base our offers on the face value of your coins, not the total weight. Here's why:
✅ Uniform Silver Content
Every $1 face value of 90% silver coins contains approximately ~0.715 troy ounces of silver, with only very minor deviations from wear over the years. Although if weighed, an offer by weight would definitely be less than an offer on the total face value amount.
✅ Speed and Accuracy
Face value pricing allows us to provide fast, fair offers without having to weigh each coin individually.
✅ Industry Standard
Dealers, refiners, and investors nationwide use face value as the benchmark for pricing junk silver—it’s the most efficient, consistent method.

How We Calculate Value at Lone Star Gold and Silver Buyers

Here’s our simple formula for determining your payout:
Face Value × 0.715 × Our Current Silver Offer Price = Your Payout

Why Amarillo Residents and Surrounding areas in the Texas Panhandle Trust Us for Silver Sales In Amarillo, TX,

It is very common to come across old coin collections—often inherited or passed down over generations. Many locals are surprised to find that a bag of old “change” can be worth thousands of dollars in silver.

We’re proud to be Amarillo’s local experts when it comes to silver coins, and we’re always happy to explain the process, show you how we calculate your payout, and make sure you leave feeling confident, informed and happy with your payout.

⚠️ Watch Out for Low Offers: If someone tries to buy your 90% silver coins based only on their weight or without mentioning face value or silver content, you may not be getting a fair deal.

We Buy More Than Just 90% Silver Coins
In addition to junk silver, we also buy:

Gold, Silver, Platinum and Palladium Bullion
Gold, Silver, Platinum and Palladium Coins
Gold, Silver, and Platinum Jewelry (broken or whole)
Gold scrap and dental gold
Gold, Silver, Platinum and Palladium Coin collections and estate lots

Whether you're cleaning out your safe, settling an estate, or just ready to cash in, we make the process simple, transparent, and profitable.

Visit Lone Star Gold and Silver Buyers in Amarillo
Ready to turn your old coins into cash? We make it easy.
📍 Stop by or learn more at:
👉 www.LoneStarGoldandSilverBuyers.com
We're open five days a week and always offer free, no-pressure evaluations. Get the most for your silver--locally, honestly, and confidently.

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The Lone Star Gold and Silver Buyers of Amarillo Promise

8/20/2024

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In addition to pledging to pay absolute TOP DOLLAR for your Gold, Silver, Platinum and Palladium we offer MUCH MORE THAN THAT.

We are Precious Metal Experts. NOTHING MORE, NOTHING LESS. We utilize state of the art XRF X-Ray and Sigma Metalytics technology to harmlessly test and assay your items. WE DO NOT SCRATCH, FILE, OR PLACE ACIDS on your precious metal items. Most other places will want to file, scratch and place acids on your precious metal items to verify purity. NOT US!

With this being said we pledge to honor a private transaction in a comfortable, clean and SAFE office. We pledge to treat you with dignity and respect. We pledge to give you a FREE NO- HASSLE QUOTE. There will be no pressure, no sales pitch, no excuses or reasons why we cannot offer you our best TOP DOLLAR quote. We are upfront with you on the total metal value, and the maximum amount we can pay you. NO SMOKE AND MIRRORS AT LONE STAR GOLD AND SILVER BUYERS!

We focus solely on Precious Metals. It doesn't matter what it is, if it is crafted Gold, Silver, Platinum or Palladium-- WE BUY IT! We DON'T deal with anything that is not associated with the PRECIOUS METALS MARKET. In other words, we are Precious Metal Experts. Rest assured you will be doing business with a Family Owned Operation with morals and a devotion to incredible CUSTOMER SERVICE.

Please give us a call, text, email or come by today and see for yourself why it PAYS to do business with LONE STAR GOLD AND SILVER BUYERS!

[email protected]

806-670-5499

13480 FM 2590 UNIT A
Amarillo, TX 79119

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High Karat Gold Jewelry AKA: Indian Gold, Baht Gold, Middle Eastern Gold

8/20/2024

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At Lone Star Gold and Silver Buyers, we see high karat jewelry come in our doors often. More times than not, folks are quick to say "I don't think this is real." or "The place I went to before here, doesn't believe this to be real." High Karat Gold Jewelry has a very different look and feel from the traditional 10k, 14k, 18k Jewelry we are all mostly used to seeing. It has a buttery look, and is EXTREMELY yellow. Understandably as most of us are not used to seeing genuine gold jewelry with this look, too often it is mistaken for costume jewelry. Most of this high karat jewelry comes from overseas. In particular from India, Thailand, and many areas in the Middle East. This gold typically ranges in purity from from 20k to 24k. We are able to quickly determine the purity using our XRF X-Ray. No scratching, placing acids or damaging your jewelry at Lone Star Gold and Silver Buyers! Don't throw out that lot of Costume Jewelry, or sell it in a Garage Sale just based on how it looks. If it is non magnetic, and heavy, we highly suggest you have it checked out. Lone Star Gold and Silver Buyers are always competitive on our Gold and Silver payouts. We pride ourselves on our honesty, and our hassle-free Gold and Silver Selling Process.

Give us a call, text or email today!

[email protected]

806-670-5499

13480 FM 2590 UNIT A
Amarillo, Texas 79119

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It is a GOOD TIME to Sell your Gold Jewlery!

6/18/2024

7 Comments

It is a safe bet to say that gold will remain between $2000 and $2,400 for the immediate future. (based on current market conditions and recent trends) However there is never any guarantee on what Gold prices will do. This means that currently when you sell your scrap gold, the cash you earn should not be too much different one week to the next assuming we stay in this price range. There is no point in waiting, especially if you need money now, unless you have significant amounts of gold to sell. If you have over an ounce, then analyzing the price changes could benefit you. But most people only sell scrap gold several grams at a time.

Whether it is right now, or next week, whenever you have a real need for the money is the best time to sell scrap gold and jewelry. A $10 difference in the price of gold will not affect your cash for gold payout noticeably on karated gold jewelry, so sell your gold when you need to!

Lone Star Gold and Silver Buyers Amarillo, Texas
806-670-5499

There are as many reasons to sell gold jewelry for scrap. If one of the below reasons is your own situation, now is the right time to sell gold jewelry.

Reasons to sell your Gold Now

1. Your Jewelry is damaged and broken
If you have earrings without mates, a brooch with a busted clasp, an old watch that doesn’t tell time, or a chain that is twisted and kinked, you may keep thinking to yourself, “Someday I will get this fixed.” If you haven’t done it by now, will it ever happen? You’d be surprised at the price of jewelry repair these days. The careful dexterity required as well as the relative softness of gold jewelry means a large bill for getting the damage repaired.

2. The Jewelry You Have is Out of Style
Most people have very selective taste in jewelry so finding a buyer for older, dated jewelry can be hard. It can be a tedious task to find a prospect for outdated jewelry and there is no guarantee you will ever find interested customers. At Lone Star Gold and Silver Buyers, we are always ready to buy from you, and we don’t care about the condition or style of your old jewelry. Our promise is that we will not penalize you on the payment just because your jewelry is ugly and old!

3. You never wear it!
Most of us all have purchased a piece of jewelry on an impulse. Maybe on a cruise, vacation, or a mall outing. We may wear it a few times, and realize it is uncomfortable, or that bracelet keeps snagging on things. Heck many necklaces even are GREAT at catching our hair and pulling it. OUCH! On the other hand, sometimes we are gifted items that we appreciated the thought, but it's just not our style.

Lone Star Gold and Silver Buyers pays TOP DOLLAR PAID ON YOUR GOLD JEWELRY

We also buy Sterling Silver Jewelry scrap or not, Gold Coins, Silver Coins, Gold Bullion, Silver Bullion, Junk Silver, Sterling Silver: Flatware, Platters, and Serving Dishes (stamped Sterling), Platinum and Palladium!

[email protected]

806-670-5499

14601 Soncy Rd, Suite 2E
Amarillo, Texas 79119

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What Makes Lone Star Gold and Silver Buyers different from all the other "We Buy Gold" places and pawn shops?

6/1/2024

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There are many things that makes us stand out, but one of the largest reasons is our state of the art XRF X-Ray. Lone Star Gold and Silver Buyers do NOT scratch or file your jewelry, coins and other precious metal items. Most other places will. With this method, they will damage your precious metal items and then what if you are not OK with their offer?? You are left with a significantly noticeable scratch mark and damage on your valuable items. We feel that your jewelry, coins, bullion and other items should be handled in a manner where you are left with it, in the same condition as it walked in our door. We give no pressure, no-hassle FREE quotes.

We welcome you to come by for a free quote and see the difference. See why it PAYS to sell your Gold, Silver, and Platinum items to Lone Star Gold and Silver Buyers.

Fast, Safe, Hassle-Free, and Honest!

THE DIFFERENCE IS CLEAR! GIVE US A CALL, TEXT, EMAIL or COME BY AND SEE US TODAY! Please see the video below for a presentation of our XRF-Xray Technology!

LOCATE US

We Buy Gold, Silver, Platinum, Bullion, Coins, Jewelry, Dental Gold, Sterling Silver Flatware and Platters and pay the highest prices in Amarillo.

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Understanding Gold-Filled and Gold-Plated Jewelry — And What We Buy in Amarillo

3/23/2014

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Understanding Gold-Filled and Gold-Plated Jewelry — And What We Buy in Amarillo

By Lone Star Gold and Silver Buyers
Your Trusted Local Gold Buyers in Amarillo, TX

If you’re looking to sell gold jewelry in Amarillo, it’s important to know the difference between gold-filled, gold-plated, and real karat gold jewelry — because not all gold items contain enough gold content to be worthwhile refining or purchasing.

At Lone Star Gold and Silver Buyers, we do not purchase gold-filled or gold-plated jewelry because these items lack sufficient gold content for profitable refining, but we want to help you understand these terms and guide you on what real karat gold we do buy.

What Is Gold-Filled Jewelry?

Gold-filled jewelry consists of a thick layer of real gold mechanically bonded to a base metal, typically brass or copper. It usually contains a minimum of 5% gold by weight, which is much more than gold plating.

Look for stamps like “1/20 12K GF” or “1/20 14K GF.”
While gold-filled jewelry looks and wears like real gold, it does not contain enough gold to be worthwhile refining.
For this reason, we do not purchase gold-filled jewelry.

What Is Gold-Plated Jewelry?

Gold-plated jewelry has a very thin layer of gold electroplated onto a base metal. The gold layer is so thin that it wears off quickly and contains almost no gold content suitable for refining.

Usually marked “GP”, “gold plated,” or simply no karat stamp.
Because of the minimal gold content, gold-plated jewelry is not purchased by Lone Star Gold and Silver Buyers.

What Real Gold Jewelry Do We Buy?

At Lone Star Gold and Silver Buyers in Amarillo, we buy:

Solid karat gold jewelry including 10K, 14K, 18K, and higher karats
Gold coins, bars, and bullion
Silver, platinum, and palladium items
Scrap gold and dental gold
Scrap Silver and Sterling Silver

These items contain sufficient precious metal content to be worthwhile refining and provide true value to our customers.

Why It Matters to Amarillo Sellers

Knowing what types of gold jewelry contain enough gold for refining can save you time and help you make the best selling decisions.

Avoid wasting time bringing in gold-filled or gold-plated pieces that don’t have enough gold content to be refined profitably.
Bring your solid karat gold jewelry to us for a free, no-pressure evaluation.
Trust that we use accurate, non-destructive testing to determine purity and offer competitive cash prices.

Visit Lone Star Gold and Silver Buyers in Amarillo Today

Our licensed, trustworthy precious metals experts provide a safe, transparent, and private experience for all your selling needs.

Free quotes with no obligation
Immediate payment for your gold, silver, platinum and palladium
Honest offers based on real karat purity and current market prices

Contact us:
📞 806-670-5499
🌐 https://www.lonestargoldandsilverbuyers.com

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Understanding Gold Purity: Karats, Fineness & What It Means for Amarillo Sellers

8/8/2013

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Understanding Gold Purity – A Simple Guide from Your Trusted Amarillo Gold Buyers

If you’re thinking about selling your gold jewelry, coins, or scrap gold in Amarillo, it’s important to understand what your items are really made of.

At Lone Star Gold and Silver Buyers (www.lonestargoldandsilverbuyers.com), we make the process simple, honest, and educational — so you never feel left in the dark.

Here’s what you should know about gold purity, karats, and how it affects the value of your gold.

What Does “Karat” Mean?

Since ancient times, gold purity has been measured in karats (K). Pure gold is 24K, meaning all 24 parts are gold. Lower karats mean the gold is mixed with other metals for added strength.

Common gold purities include:

24K – 100% pure gold
22K – 91.6% gold
18K – 75% gold
14K – 58.3% gold
10K – 41.7% gold (the legal minimum to be called “gold” in the U.S.)

So if you bring in a 14K gold necklace, it contains 14 parts gold and 10 parts other metals like silver or copper.

What Is “Fineness” in Gold?

In addition to karats, gold purity may also be expressed as fineness, which shows the amount of pure gold in parts per thousand.

Here’s how it matches up:

.999 = 99.9% pure gold (24K)
.916 = 91.6% (22K)
.750 = 75% (18K)
.585 = 58.5% (14K)
.417 = 41.7% (10K)

For example, a ring marked .583 has 583 parts gold and 417 parts other metals — the same as 14K gold.

U.S. Law and Gold Purity (What You Need to Know)

The Federal Trade Commission (FTC) requires that all jewelry sold in the U.S. as gold must include a correct karat or fineness stamp. These stamps are meant to give consumers confidence when buying or selling gold.

However — and this is important — not all stamps are legitimate.

Fake or counterfeit jewelry is sometimes stamped with markings like “14K” or “18K” even though it contains little to no real gold. These pieces may be plated, filled, or entirely base metal, but are made to fool the untrained eye.

At Lone Star Gold and Silver Buyers (www.lonestargoldandsilverbuyers.com), we thoroughly test every item in front of you, using professional tools that detect real gold content. We’ll show you exactly what your item is made of — and explain your offer clearly, with no pressure to sell.

Why Purity Matters When Selling Gold

The value of your gold depends heavily on its purity. The higher the karat (or fineness), the more gold it contains — and the more it's worth.

That’s why it’s important to work with experienced, local gold buyers who are licensed, honest, and upfront about the testing and pricing process.

Sell with Confidence in Amarillo

At Lone Star Gold and Silver Buyers (www.lonestargoldandsilverbuyers.com), we are proud to be trusted Amarillo Gold Buyers, Jewelry Buyers, and Scrap Gold Buyers offering:

✅ Free, no-pressure evaluations
✅ Accurate testing done in front of you
✅ A safe and secure office — not a pawn shop
✅ Full compliance with Texas state laws and regulations

We purchase all types of gold and silver items, including:

Gold & Silver Jewelry
Scrap Gold, broken pieces, and dental gold
Gold and Silver Coins (U.S. & foreign)
Gold and Silver Bullion (bars and rounds)

Get Started Today

If you're ready to find out what your gold is really worth, contact us or visit our Amarillo office today:
🔗 Website: www.lonestargoldandsilverbuyers.com
📍 Address: 13480 FM 2590, Unit A, Amarillo, TX 79119
📞 Phone: 806-513-2765

We’re here to offer honest answers, fair prices, and a gold selling experience that’s completely opposite of what you’d expect from a pawn shop.

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Curious as to which U.S. coins have silver content and which types LONE STAR PAYS CASH FOR?

3/14/2013

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Which U.S. Coins Contain Silver?

Your Guide from Lone Star Gold and Silver Buyers in Amarillo, TX
If you're in the Amarillo area and wondering whether your old U.S. coins contain real silver, you're not alone. Many Texas Panhandle residents have valuable coins in their dressers, jars, or inherited collections — and some of them may be worth far more than face value.

At Lone Star Gold and Silver Buyers, we proudly purchase all types of precious metal items including scrap gold and silver, coins, bullion, jewelry, and dental gold. We offer a safe, secure, no-pressure environment — completely different from a pawn shop experience — right here in Amarillo.
Visit our website at www.lonestargoldandsilverbuyers.com to learn more or get directions to our office.

When Did U.S. Coins Stop Containing Silver?

1964 was the last year that U.S. dimes, quarters, and half dollars were made from 90% silver for everyday circulation. This change was prompted by a growing global silver shortage, and the U.S. responded with the Coinage Act of 1965, which altered coin composition permanently.

Here’s what you need to know about U.S. silver coinage:

Dimes & Quarters: 90% silver through 1964. From 1965 forward, they are clad copper-nickel with no silver content.
Half Dollars: 90% silver through 1964. From 1965 to 1970, these were made with 40% silver. After 1970, silver was removed entirely.
Silver Dollars: 90% silver until 1935. From 1971 onward, dollar coins were made from cupronickel or brass. Some special collector issues (red and blue Ikes) contained 40% silver but were not made for general circulation.
“Golden” Dollars (Post-2000): Despite the appearance, these are brass and contain no gold or silver.

What About Silver Nickels?

Most nickels have always been made from a copper-nickel alloy. However, during World War II (1942–1945), the U.S. Mint produced “war nickels” that contained 35% silver due to a shortage of nickel.

Does the U.S. Mint Still Make Silver Coins?

Yes — but they are not made for circulation. The U.S. Mint continues to produce modern silver bullion coins, proof sets, and commemorative silver coins in .999 fine silver.

Ready to Sell?

We Buy ALL Gold, Silver and Platinum Items

At Lone Star Gold and Silver Buyers in Amarillo, TX, we buy:

Pre-1965 90% silver coins (dimes, quarters, and half dollars)
40% silver Kennedy half dollars (1965–1970)
War nickels (1942–1945)
Silver dollars and silver commemoratives
U.S. Mint bullion coins (Silver Eagles, etc.)
Gold and silver jewelry
Dental gold and gold / silver scrap
Sterling Silver
Gold, Silver, Platinum and Palladium Bullion
All Gold and Silver Coins

Whether you're cleaning out a safe, settling an estate, or simply want to turn old silver into cash, we’re here to help.

We are licensed and registered precious metals dealers in the State of Texas, so you can trust that your transaction is legal, transparent, and professional.

Visit Us TodayIf you’re looking to sell silver coins in Amarillo, or you have other gold and silver items to evaluate, bring them to Lone Star Gold and Silver Buyers.
You never need an appointment, and your items never leave your sight during the evaluation process.

Visit us online at www.lonestargoldandsilverbuyers.com or stop by our safe, secure Amarillo location today.

We Buy All Gold and Silver! Get a free, no-obligation offer and leave with cash in hand.

13480 FM 2590 UNIT A
AMARILLO, TX 79119

806-670-5499

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Thinking of Selling Your Gold or Silver? Here's How to Avoid Getting Ripped Off in Amarillo. Tips from the Pros!

2/27/2013

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If you've spent any time scrolling through social media or browsing the internet lately, you've likely come across ads screaming “We Buy Gold!” — and for good reason. As gold prices continue to rise, more people are looking to cash in.

Unfortunately, that also means a rise in gold buying scams and shady offers, especially when it comes to precious metals such as jewelry, coins, and bullion.

Before you hand over your valuables, take a minute to learn how to protect yourself and make sure you’re getting a fair deal from a reputable Amarillo gold and silver buyer.

1. Avoid Mail-In Gold Services Unless It's Your Only Option

Mail-in gold services promise top dollar, but the moment you drop your jewelry in the mail, you lose control of the transaction. If you're unhappy with their payout, getting your gold back can be complicated — or impossible.
Even if a company advertises that they pay more than local buyers, don’t be so quick to believe it. In most cases, you’ll get a much better offer by working with a trusted, local gold and silver coin exchange in Amarillo.

2. Work With a Trusted Local Dealer in Amarillo

Find a reliable gold buyer near you — ideally one with a physical office, positive reviews, and clear policies.
You can confirm their reputation by checking with the local Better Business Bureau (BBB). as well as local review sites such as Google, Facebook, Yelp, NextDoor, Angi, etc.

Just as importantly, make sure the dealer is registered and in full compliance with the State of Texas and all applicable laws. This protects you as a seller and ensures you’re dealing with a legitimate, accountable business.

At Lone Star Gold and Silver Buyers, we’re not only a trusted local gold and silver coin exchange, but also fully registered and compliant with Texas state regulations. Our clients choose us because we offer a safe, secure, no-pressure experience — completely opposite of what you might expect at a pawn shop or coin shop.

3. Go In Person If You Can

Selling your gold and silver in person gives you the upper hand. Nothing gets “lost in the mail,” and you can watch the entire process unfold in real time. You’re also free to decline any offer that doesn’t meet your expectations.

Very important: your items should never leave your sight during any part of the evaluation. You should be able to see the weighing, testing, and quoting process clearly. If a buyer tries to take your items to a back room or out of view, that’s a red flag — don’t proceed.

If you’re unable to visit a local Amarillo gold buyer yourself, ask a trusted friend or family member to go in your place — just be sure they’re informed about what you’re selling and what price range you're expecting.

4. Create an Inventory List Before You Sell

Make a list of gold and silver jewelry, bullion, coins or scrap gold you plan to sell. Review it out loud when you meet with the buyer. This shows that you’re aware of exactly what you brought — and it discourages anyone from trying to shortchange or misplace a piece.

If you’re selling coins, bars, or multiple small items, this step is especially important. It also helps the transaction feel more professional. You can also take inventory by weight in grams.

5. Bring a Small Gram Scale

You can find a digital gram scale online for just a few dollars. While most pocket-sized or consumer-grade scales aren’t exact or legal for trade, they’ll give you a solid estimate and help you feel more informed before getting an offer.

Weigh your items ahead of time and take your scale with you. If a buyer quotes you a weight that’s drastically different, pull out your scale and compare. Always ask to see the weight reading on their scale directly, especially when dealing with gold and silver bullion or heavier pieces. Important to note any business engaging in the purchase of Crafted Precious Metals must ALSO have their scales licensed with the Texas Dept. of Agriculture.

Final Thoughts

Not all Amarillo gold buyers are created equal. The next time you see a “We Buy Gold” ad pop up in your feed, make sure it’s from a local, trusted gold and silver dealer — preferably one with experience, transparency, and a secure environment.

At Lone Star Gold and Silver Buyers, we make it easy to sell your gold and silver coins, jewelry, scrap gold and silver, bullion, and more — without the pressure, gimmicks, or uncertainty of mail-in services or pawn shops. Come visit our Amarillo office and see why we’re a top-rated choice in the Texas Panhandle for those looking to sell gold and silver locally.

13480 FM 2590 (SONCY)
UNIT A
AMARILLO TX 79119

806-670-5499

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Inheriting a Gold and Silver Coin/Bullion Collection? Here’s What to Do Next

Inheriting a Gold and Silver Collection? Here’s What to Do Next

Step 1: Know What You’ve Inherited

Step 2: Sort the Collection and Check Market Prices

Step 3: Get a Professional Local Evaluation

Step 4: Deal Only with Licensed Precious Metals Dealers

Step 5: Avoid Online Mail-In Offers

Step 6: Understand Current Market Value

Step 7: Sell When You’re Ready

Why People Across the Texas Panhandle Choose Lone Star

Turn Uncertainty Into Confidence

Why 90% Silver Halves, Quarters, and Dimes (Junk Silver) Are Bought and Sold by Face Value

The Lone Star Gold and Silver Buyers of Amarillo Promise

High Karat Gold Jewelry AKA: Indian Gold, Baht Gold, Middle Eastern Gold

It is a GOOD TIME to Sell your Gold Jewlery!

What Makes Lone Star Gold and Silver Buyers different from all the other "We Buy Gold" places and pawn shops?

Understanding Gold-Filled and Gold-Plated Jewelry — And What We Buy in Amarillo

Understanding Gold Purity: Karats, Fineness & What It Means for Amarillo Sellers

Curious as to which U.S. coins have silver content and which types LONE STAR PAYS CASH FOR?

Thinking of Selling Your Gold or Silver? Here's How to Avoid Getting Ripped Off in Amarillo. Tips from the Pros!

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