3929 Piedmont Avenue
Oakland, CA 94611
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Saturday: 11AM - 4PM
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Silver in Oakland, California
Oakland Silver & Gold buys, sells and trades any amount of physical silver and other investment grade precious metals, including but not limited to:
For up-to-the-minute precious metals prices, click here
- Silver 1 oz. American Eagle
- Silver 1 oz. Canadian Maple Leaf
- Silver 1 oz. Perth Mint Koala/Kookaburra
- Silver 1 oz. Austrian Philharmonic
- Silver 1 oz. Replica/Generic Round
- Silver 10 oz. Bar
- Silver 100 oz. Bar
- Junk Silver 90% coins, pre-1964
- Silver Dollars (Morgan/Peace)
Silver is a metallic chemical element with the chemical symbol Ag and atomic number 47. A soft, white, lustrous transition metal, it has the highest electrical conductivity of any element and the highest thermal conductivity of any metal. The metal occurs naturally in its pure, free form (native silver), as an alloy with gold and other metals, and in minerals such as argentite and chlorargyrite. Most silver is produced as a byproduct of copper, gold, lead, and zinc refining.
Silver has long been valued as a precious metal, and is used as an investment, to make ornaments, jewelry, high-value tableware, utensils (hence the term silverware), and currency coins. Today, silver metal is also used in electrical contacts and conductors, in mirrors and in catalysis of chemical reactions. Its compounds are used in photographic film, and dilute silver nitrate solutions and other silver compounds are used as disinfectants and microbiocides (oligodynamic effect). While many medical antimicrobial uses of silver have been supplanted by antibiotics, further research into clinical potential continues.
Silver, in the form of electrum (a gold-silver alloy), was coined to produce money around 700 BC by the Lydians. Later, silver was refined and coined in its pure form. Many nations used silver as the basic unit of monetary value. In the modern world, silver bullion has the ISO currency code XAG. The name of the pound sterling reflects the fact it originally represented the value of one pound Tower weight of sterling silver; other historical currencies, such as the French livre, have similar etymologies. During the 19th century, the bimetallism that prevailed in most countries was undermined by the discovery of large deposits of silver in the Americas; fearing a sharp decrease in the value of silver and thus the currency, most states switched to a gold standard by 1900. In some languages, such as Spanish and Hebrew, the same word means both silver and money.
The 20th century saw a gradual movement to fiat currency, with most of the world monetary system losing its link to precious metals after Richard Nixon took the United States dollar off the gold standard in 1971; the last currency backed by gold was the Swiss franc, which became a pure fiat currency on 1 May 2000. During this same period, silver gradually ceased to be used in circulating coins; the United States minted its last circulating silver coin in 1970 in its 40% half-dollar.
The Royal Canadian Mint still makes many silver coins with various dollar denominations. Silver is used as a currency by many individuals, and is legal tender in the state of Utah. Silver coins and bullion are also used as an investment to guard against inflation and dollar devaluation.
Located in the U.S. state of California, Oakland is a major West Coast port city and the busiest port for San Francisco Bay and all of Northern California. It is the third largest city in the San Francisco Bay Area, the eighth-largest city in the state, and the 47th-largest city in the U.S. with a population of 390,724. Incorporated in 1852, Oakland is the county seat of Alameda County. It serves as a major transportation hub and trade center for the entire region and is also the principal city of the Bay Area Region known as the East Bay. The city is situated directly across the bay six miles east from San Francisco.
Alameda County is a county in the U.S. state of California. It occupies most of the East Bay region of the San Francisco Bay Area. As of the 2010 census it had a population of 1,510,271, making it the 7th most populous county in the state. The county's major cities include Oakland, which is its seat, Fremont, Berkeley and Hayward. Other cities include Albany, Emeryville, San Leandro and Livermore.