FORT WAYNE, Ind. (WANE) — Precious metals such as gold and silver have skyrocketed in price recently, and anyone who has old coins and jewelry sitting around could have plenty of value on their hands.
Those two metals, along with platinum and palladium, all saw steady price increases throughout 2025, but October saw the prices of all four metals begin to rise exponentially.
In addition to the prices of metals going up, items such as old U.S. coins, which can contain up to 90% silver, also carry collectible, or numismatic, value.
WANE 15 spoke to Fairfield Coins and Jewelry, which has operated in Fort Wayne since 1953, to find out what is causing the price increases and tips for buying and selling precious metals.
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James Fairfield, owner of Fairfield Coins and Jewelry, said a multitude of market uncertainties, such as inflation and the validity of the U.S. dollar, have fed into the recent price spike in precious metals…