Gold Buyer Of Nassau And Suffolk County, Long Island.

Budget Buy & Sell strives to give each and every person the care and sensitivity that they deserve. We have been working behind “Dealing with Honesty & Integrity” for more than three decades, and we are very proud of our great standing with The Suffolk County Consumer Affairs.

As one of the top gold buyers in all of Suffolk County, we will give you the highest dollar amount for your jewelry and gold. Come visit us today. Our store is located on the busy streets of Patchogue right on East Main Street. We are well recognized as “The Store with the Diamond Clock.” Turn your unwanted gold into instant cash now.

Not only do we at Budget Buy & Sell carry a large variety of diamond rings, jewelry, and Rolex watches, we also have a fine line of musical instruments, electronics, power tools, and much more (see below). Come see us and get educated on what you are or planning to buy or sell.

“We Pay Top Dollar For Your Unwanted Gold” and More!

• Apple®  Computers and Devices – MacPro, iMac, MacMini, iPad, Keyboard + Mouse

• Guitars – Gibson®, Fender®, Marshall® + Amplifiers

• Gold and Silver Jewelry

• Diamonds

• TV’s
– Samsung®, Sony®, Toshiba®, + dozens of other brands

• Gold and Silver Coins

• Photography Equipment – Nikon®, Canon®, Sony®, Fuji®, Samsung®, Sigma®, and more.

• Power Tools – Dewalt®, Hilti®, Milwaukee. saws, hammers, hand held sanders, cordless drills, screwdrivers, routers, air compressors, and much more!

• Audio Equipment – Bose®, JBL®, Yamaha®, Beats®

• Game Consoles – XBox®, PlayStation®, Nintendo®

• Collectibles

and much, much, more! Stop in and take a look for yourself!

Need extra money and don’t want to sell your jewelry, gold, diamonds, musical instruments, electronics, tools, come to Suffolk Counties leading pawnbrokers located at 2 East Main Street Patchogue under the clock. South east corner of Main St. and S Ocean Ave. Generations of Honesty and Integrity.

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GOLD

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DIAMONDS

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SILVER

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COINS

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WATCHES

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BUSINESS CORNER

February was show time in Miami. There were 3 antique jewelry and watch shows over a two-week period. The IWJG had a two-day show in between the first two shows and the last show. The original Miami Beach Antique show was held at a new venue, the Miami Dade County Youth Fair. lt was very well attended in spite of being more than 15 miles west of Miami Beach. Prior to the show they had a Jewelry History two-day seminar. I presented the high end vintage watch section.

The IWJG had a very large turnout Sales at all shows were ok. However we are in a selected market.

What’s Hot and What’s Not

The pre-owned high end modern watch market is very soft for many makers. Used Girard Perregaux watches are selling for 15% – 25% of their retail price. Larger, 44mm are doing much better than smaller ones. Ladies models are very difficult to sell. Pre-owned Hublot watches are selling 20% – 30% off their high. Used Jaeger-Le Coultre watches are soft with little interest in Reverso models. Roger Dubuis, Piaget, Parmigiani, Panerai and Tag Heuer continue to be weak.

Lower end watches such as Oris, Tutima, Seiko, Maurice-Lacroix, Hamilton, Fortis, Doxa and Baume Mercier have very little value in the pre-owned market.

The Rolex is discontinuing the 40 mm Sea Dweller 116600 after a short production.

Christmas sales for many of my subscribers was strong, a better than expected result. January sales to date have been soft. The IWJG January show in Las Vegas with a good attendance was an “ok” show. Many dealers reported better sales with a smaller show.

Gold has had a strong recovery since last month when it was trading in the $1.141 range. Today it is trading $1.213.

The strong dollar is hurting the U.S. authorized dealers with the flood of grey market goods coming to the U.S. from overseas.

Some Rolex Sport watches are very hot. Rolex 5513 and 5512 with original dials and bezels are very hot in good to excellent condition. Rolex 1680 models in S.S. are doing ok; the 1680 G. model is very hot. GMT 1675 is doing very well in the collector market with the gold ones very hard to find. The 16710 with solid case, no holes, box & papers – very strong in excellent condition. “Batman Blue Black” GMT Master 116710 is still doing well in the collector market. The new S.S. Daytona 116500 is selling for over retail in the secondary market. The S.&P. Yacht Master (all sizes) is weak. Explorer II 16570 & 16550 are very soft.

Many dealers reported that there business has picked up after the elections. It seems that the buying public is waiting until the last few days before Christmas for watch and jewelry purchases.

The strong dollar has caused gold to drop over $90 in the last 30 days. This, along with the December prime interest rate increase, could keep the price down.

Both the IWJG and the WWT had December shows in Miami. Both were well attended with reports sales could have been stronger.

The preowned Patek Philippe market is down from what has been a very hot market. Ladies preowned models are very soft with 24 models off 10-20% from their highs. Older men’s models with attached bracelets have become very difficult to sell. Demand for preowned Breitling and Tag Heuer watches have fallen off. Ladies models are very difficult to sell. The vintage market is mixed. Demand for vintage chronographs is very strong if they are in excellent condition with original dials and not over polished cases.

The world is waiting until November 8th for the U.S. presidential election. I hope that buyers will be back in the market for the Christmas season.

Both the World Wide Trader and I.W.J.G. had Las Vegas September Shows. Attendance was ok at the shows. Sales were not great.

Since last month. Gold declined 4.5% and the British Pound dropped 8%. Oil prices are rising, and there could be an interest rate increase in the U.S.

Most dealers are reporting a very slow July and August, There is an old saying “When the U.S. catches a cold the rest of the world gets pneumonia”

The IWJG end-of-August show in Long Beach, CA was a small show but did better than last year’s show at Universal. Watch Traders’ show in Munich, Germany was 10 days later, with an Ok turnout. The refugee problem in Europe has made for a dangerous situation and it is hurting business.

People are waiting for the Presidential election and are not in the mood for serious buying.

New and preowned Rolex Presidential watches, midsize and up, are doing very well in both yellow and rose gold. Ladies preowned 26mm watches are very soft. I have not had a report on the new ladies 28mm models. Demand for both white gold and platinum is weak.

The preowned Rolex GMT market is very hot. SS watches with both Pepsi and Coke bezels are highly sought after. This is true for plastic and sapphire models. Demand for S&G and all gold are strong. Early plastic models 1675 & 16753 with original brown nipple dials are highly sought after.

Overal Rolex is the brightest spot in a soft market.

Our new improved website should be up and running by August 1. It is our desire to give you a first-class product. The Islamic terrorist attacks in France and the US has had a negative effect on business.

Britain’s exit from the EU is. causing some panic in the world’s financial markets. Gold was up over eight percent. The British pound lost more than 10% against the US dollar. After a 3-day loss, the Dow Jones is now at an all-time high.

It looks like the U.S. is still a safe haven for investors. We are in uncharted waters for the watch industry.

Pre-owned Rolex watches are still very not. The 3/4 size models and larger are selling very well. The 26mm Ladies continue to be soft. JVon sport models without dates are hard to sea Pre-owned Cellini and other non-Oyster models are very hard to sell. Parts for older Rolex watches, model 6517 pre 1972 are almost impossible to repair.

Patek Phillippe watches are still selling. Ladies models have slowed down, particularly the steel 24 models. Incomplete watches without box and papers, and additional backs can be very difficult to sell.

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