Countries throughout the Middle East are known for their gold coins and gold bars. These are popular with collectors. Here are just a few of the different types of coins available in the different countries:
‘The Cradle of Gold’, also known as Mahd Al Thahab, is the premier gold mining section of the Arabian Peninsula. It’s located in Al-Medinah, Saudi Arabia and believed to have been mentioned in the Book of Genesis in the story of the Garden of Eden.
Currently, the Saudi Arabian Mining Company, also known as MA’ADEN is in control of mining in the area but it is believed that due to depleting resources, the mine will close. People have sought to mine gold in this region during three different periods in history.
Dubai’s gold markets – also known as souks – are bustling with business. Other big Middle Eastern gold markets include Egypt’s, Iran’s and Saudi Arabia’s. These Dubai markets sell a variety of gold jewelry, gold bars and gold coins.
Gold in the Middle East is high in karat – around 18 karat up to 21 karat.
The best way to tell if it’s Middle Eastern gold is to check for Arabic numerals on the bottom of the jewelry item, or inside it. These numerals are a hallmark, meaning they let the buyer know how many karats are in the gold jewelry. The numbers could be in English (‘750’ or ‘875’) or they could be in Arabic.
Why choose us? Crown Gold Exchange holds the utmost respect for you and your valuables. When you visit one of our locations, we make sure that you feel welcome, and that your property is protected. We use industry-standard equipment to ensure accurate measurement of your valuables, and we have a special process to keep your valuables safe. Our accuracy enables us to offer you top dollar, and we have several different payment methods available for your convenience, so you won’t be waiting around to get paid.
Crown Gold Exchange will purchase any kind of gold you bring us, including 8-karat, 10-karat, 14-karat, 18-karat, 21-karat, 22-karat, 24-karat, or anything else. We buy gold bars, gold bullion, gold jewelry and some gold plated items like pocket watches. If you happen to be in possession of an exclusive piece made by a top gold designer such as Cartier, Tiffany, Rolex, or Patek Philippe, we will often pay more than the weight of the item. Such special pieces often command a higher price on the secondary market due to their superior craftsmanship.