It might be time to cash in your gold jewelry and coins. For the first time ever, one troy ounce of gold is worth $2,500. That means a 400 ounce giant gold bar is worth $1 million. Christopher Altbaum with Coin Mart Jewelry showed us gold bars, coins and jewelry now worth a pretty penny. "All this kind of stuff that people have in their jewelry collections that just sit and people don't use anymore, this stuff is very expensive now, the prices have gone way up," Altbaum said. "If you have stuff like this, you should definitely consider cashing it in." We weighed CBS 8 photojournalist Mike Edison's 14-karat gold chain. He bought it for $400 around 15 years ago, now it's worth $722 based on its weight. FULL STORY: https://www.cbs8.com/article/money/economy/giant-gold-bar-record-breaking-1-million/509-ee14ff30-b261-4225-96a7-7ab50b0fa600