We're Giving Away A 14kt Pot of Gold
Test your "Luck of the Irish" at Medlars

This St. Patrick’s Day (March 17), be one of the first 10 visitors to Medlars to ask for your cup of Irish coffee. You will receive a coffee cup filled with chocolate gold coins and a 1 in 10 chance to win a 14kt "Pot of Gold" necklace, valued at $150.  

Whether you have the "Luck of the Irish" or not, you can choose to have your name laser engraved on the cup and fill your cup with Irish coffee, made by Chapman himself. *Enjoy Irish themed treats with your beverage of choice and don’t forget to wear green!

*no purchase necessary


Get Paid to Keep Your Gold - A Giant Tax Loophole.


Many thanks to one of our wonderful customers, Albert for sending me this intriguing article about “Wash” Sales by JR Crooks and the Uncommon Wisdom Daily. And, it’s right on time for tax season! It seems that precious metal bullion products are EXEMPT from the “Wash” IRS rule. Our CPA, Steven Bankler, confirmed this was correct. What this means is the potential of big money in your pocket, while continuing to hold onto your metal. It’s also very important to note that this rule could change under any upcoming tax reform bill.

What is the IRS “Wash” rule?

Simply put, the rule IRC 1091 says if you sell or trade a security at a loss and then buy a substantially identical stock or security, contract or option within 30 days of the sale, the loss would not be currently deductible. Rule IRC 1091 DOES NOT APPLY TO PRECIOUS METALS. It’s a precious metals loophole. This means you may sell bullion in which you have a loss then instantaneously buy it back. You’ve locked in your loss, created a legitimate tax deduction and you still have your metal.

What Do You Need?
  • Gold or silver you’ve lost money in
  • A reputable precious metals dealer

  • A spread sheet with product description, original purchase value, value when you sell, repurchase price, cost of the swap (dealer commission if applicable.)

  • IRS forms 8949, and Schedule D (form 1040)

What Do You Do?
  • Take any gold or silver you have a provable loss for into a dealer to do an instant sell/repurchase transaction.  

  • The dealer will charge a transaction fee (in our case it’s approximately 1% on bullion 2% on numismatic coins).

  • Keep a spread sheet with attached documentary proof for your records.  

  • Complete IRS form 8949 and Schedule D (form 1040)

You will be required to apply your loss to long and short term capital gains first but then you can use up to $3000 annually to offset ORDINARY INCOME. And you can carry forward indefinitely until the loss is exhausted.

Importantly, I’m no tax professional so PLEASE talk with yours. The information presented here is not being offered as tax advice, so please contact a qualified professional.  

http://www.investopedia.com/terms/w/washsalerule.asp
https://www.irs.gov/publications/p550/ch04.html
https://www.irs.gov/pub/irs-drop/rr-08-05.pdf



Saint Patrick’s Day History and Lore

The Actual Saint Patrick:

St. Patrick of Ireland is one of the world's most popular saints. He was born in Roman Britain and when he was fourteen or so, he was captured by Irish pirates during a raiding party and taken to Ireland as a slave to herd and tend sheep. At the time, Ireland was a land of Druids and pagans. Patrick's captivity lasted until he was twenty, when he escaped after having a dream from God in which he was told to leave Ireland by going to the coast. There he found some sailors who took him back to Britain and was reunited with his family.

A few years later, Patrick saw a vision of a man from Ireland. His name was Victoricus, and he carried many letters. He gave one to Patrick titled: 'The Voice of the Irish.' In it, he read: 'We appeal to you, holy servant boy, to come and walk among us.'" Patrick returned to Ireland on March 25, 433 AD to convert the Irish to Catholicism. There, he converted many people -eventually thousands - and he began building churches across the country. He often used shamrocks to explain the Holy Trinity. After years of living in poverty, traveling and enduring much suffering he died March 17, 461. *

Leprechaun’s

These Irish fairies are not known for being cute. They are generally thought to be male shoemakers who are loners. They are often depicted wearing a leather apron and buckled shoes. If you are lucky enough to capture one, you can barter his freedom for his pot of gold. However, it is also common knowledge that they can’t be trusted and will deceive you if possible.

In their book "The Element Encyclopedia of Magical Creatures," John and Caitlin Matthews trace leprechaun legends back to eighth-century legends of water spirits called "luchorpán," meaning small body. These sprites eventually merged with a mischievous household fairy said to haunt cellars and drink heavily.

Leprechauns are often part of fables warning against the folly of trying to get rich quick, taking what's not rightfully yours or interfering with "The Good Folk" and other magical creatures. In America, Lucky the Leprechaun, mascot of the General Mills breakfast cereal Lucky Charms, is probably the best-known fairy of his type.

Corned Beef and Cabbage

This classic Saint Patrick’s Day dish is anything but Irish. In fact, this dish is quite unpopular in Ireland. Instead of corned beef and cabbage, the traditional St. Patrick's Day meal eaten in Ireland is lamb or bacon. In fact, many of what we consider St. Patrick's Day celebrations didn't make it there until recently. St. Patrick's Day parades and festivals began in the US.

Irish Coffee

Although different variations of coffee cocktails pre-date the now classic Irish coffee by at least 100 years, the original Irish coffee was invented and named by Joe Sheridan. The coffee was conceived after a group of American passengers disembarked in Ireland from a Pan Am flying boat on a miserable winter evening in the 1940’s. Sheridan added Irish Whiskey to the coffee to warm the passengers. After being asked if they were being served Brazillian coffee, Sheridan told them it was “Irish Coffee”. **

*http://www.catholic.org/saints/saint.php?saint_id=89
** Wikipedia


Edgar Hildago: Master Jeweler

For Edgar, making jewelry is a family profession. He is the third generation of jewelers, and began creating jewelry over 35 years ago. He has learned that he puts a little something of himself into every piece he makes. We like to think of it as love.

What is a Master Jeweler?

A Master Jeweler must demonstrate mastery of all skill levels including design, drawing, engraving, soldering, wax carving, metalsmithing and stone setting. They advance their knowledge by exploring and using new technology such as laser welder to efficiently make a better product and work on items that were once not repairable. A Master Jeweler is trusted to create and work on the most expensive and rare jewelry.

Edgar’s story

“When I was a child, I remember my father working at home. The flashes of fire captivated me. Sometimes I would ask him if he would put me in his lap and show me how it was done." I literally learned on the lap of my father.

Edgar's grandfather made watch parts. When he died at a very young age, his grandmother had her three sons learn to make jewelry so that they could continue their heritage. Edgar said, “one of my uncles learned to make the chain, the other made the jewelry and my father made the engraving." It was truly a family business.

"When my father got married, he worked [making jewelry] more and more, so he decided it was time to work outside of the home. In his new shop, one jeweler worked on platinum, one on silver and one on gold. That is where I learned how to work with all the metals. Once we moved to the US, I then learned to carve jewelry out of wax and do the casting. 

I went to work for my father at a young age. After studying engraving and wax carving for many years, he told me that it was time to learn to set stones. So, I went back to Mexico for more extensive education. For many years, I would work under my father in the US, go to Mexico for 2-weeks and take courses every six months.”

Edgar and King Rey Feo history

In the US, Edgar worked for his father at Chamade jewelers in  La Villita . While there, they were commissioned to make crowns for two different King El Rey Feo's. For the Golden Anniversary in 1998 one of the crowns was designed by  El Rey Feo L, Henry R. Munoz, III . Jeweler Alain Teissier, along with Edgar Hildalgo of Chamade Jewelers skillfully made Henry's concept a reality. It's made of silver, gold and genuine amethyst; the silver represents Mexico, while the gold alludes to Spanish influence over the Rey Feo tradition. The fifty amethysts which surround the crown represent the  fifty appointed Reye Feo’s  and the fiftieth anniversary. The crown has been on loan to the  Texas State History Museum .”

Edgar brings his expertise to Medlars

In 2010 Medlars had the fortune of bringing Edgar onto our team of jewelers. He brought with him specialized skills acquired from many years of working in the jewelry industry. Edgar is an accomplished gemstone setter. He has been commissioned to work on many extensive jewelry creations as a Master Jeweler. The gold and diamond cuff bracelet shown above is just one example of what he has done for our customers.

Because of Edgar and Medlars other jewelers, we really can say that "we do things other jewelers can’t." 



Aquamarine Through The Ages

The aquamarine gemstone has been used in jewelry for centuries. Romans and Greeks attributed to this stone the powers of keeping a marriage happy, becoming friends of enemies, and protection from storms at sea.

In the 19th century, aquamarine was commonly used in Art Nouveau jewelry design. Demand for this aquatic scintillating gemstone continued into the 1920's Art Deco era. The hexagonal crystal structure of aquamarine is best shown in an emerald cut style which complemented the linear lines of Art Deco design.

"Aquamarine is the green-blue to blue variety of the mineral beryl. (Emerald is the green to bluish green variety of the same mineral). The best gems combine high clarity with limpid transparency and blue to slightly greenish blue hues." Using modern technology the gemstone can be heat treated to give it a much more intense blue color. Although the current demand is for the deeper blue hues of the gemstone, a few decades ago the greener shades were the more highly prized.

https://www.gia.edu/aquamarine-description
http://jewelry.lovetoknow.com/Facts_About_the_Birthstone_Aquamarine


Precious Metal Quotes

Click HERE to view up daily metals price indications for the most popular gold and silver coins.



Medlars Guarantees Our Work

At Medlars, we ensure enduring quality and satisfaction. 

We guarantee ALL of our work and materials to be free of defect for a period of two years from the date of purchase. We will replace or repair as necessary any defect at our cost. This includes all parts and labor. Our guarantee does not cover damage caused by abuse or accidents. 

We guarantee the silver, gold, or platinum purity of our jewelry, our custom design, and our restoration work. We further guarantee our stated weight and quality of the stones we supply.

Added Value Guarantee

Every finished ring (not just a simple solitaire but EVERY ring) purchased at Medlars includes Free Sizing, Free Appraisal for insurance purposes, plus Free lifetime cleaning, maintenance inspections, and polishing.  At Medlars your purchase is the beginning of a lifetime of our personal attention and care.

Return and Exchange Policy

  • If for any reason you are not completely satisfied with your jewelry purchase, you may return it within 30 days of the purchase date for a full refund or exchange (not just a store credit) .
  • Custom designed jewelry is not returnable.
  • You may trade in your undamaged diamond, purchased from Medlars, for any diamond at least twice the trade-in value of your diamond. The trade-in value is your full original purchase price excluding sales tax and any labor. Colored gems are not eligible for trade in.

Price Protection Guarantee

If within 90 days of your purchase, you find a diamond with the same specifications, graded by the same gemological laboratory, at a lower price in the United States, Medlars will match it and give you 10% of the difference.   

Here's how it works:   
  • Bring in the actual diamond with certification and sales receipt.
  • A competitor’s diamond certification must be from the same laboratory . The competing diamond must have the following matching characteristics:
  • Shape, weight, color, clarity, diameter, cut grade and fluorescence (if any).
  • Sales taxes are not included in the cost comparison.





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