Ivanka Trump, the glamourous daughter of our new President-elect, is wealthy enough to wear just about anything she would like. And what does she wear? Gold jewelry, of course, and items of clothing that look like gold. The question is, will she wear it so often, and so visibly, that she will trigger a new demand for the precious metal and cause gold trading prices to rise?Read More
Did you know that people are selling gold scrap on eBay? We were surprised when we found out that you can. Just enter the term “gold scrap” in the eBay search window. A lot of items will come up that you can either bid on or buy on the spot. The items that are for sale tend to be…Read More
Have you been watching the Olympics? Are you filled with excitement whenever your favorite athletes climb to the top spot on the prizewinners’ stand to receive their gold medals? It’s a true crowning achievement in the lives of those elite competitors. How many people, after all, earn the most important awards in their professions? How many people work that hard for years and then see their labor repaid in such a visible way?Read More
Bokassa’s throne might have contained more gold than any other piece of furniture ever made. Although chances are pretty slim that you will walk into an antiques auction and find it sitting there awaiting your bid, there really is a chance that you might come across an old piece of furniture that contains gold. Where? Let’s find out.Read More
You find an old watch, flip it over, read the stampings on the case or back cover, and think, “The case is 14K gold.” Then you make a snap judgment about how much the gold in the case is worth and either buy it or not, depending on the asking price. If that’s the way you consider watches, you could be making a mistake, because it’s a mistake to assume that cases are the only parts of watches that can contain gold.Read More
Although those kits are useful, they cannot take the place of the thorough testing and analysis that is offered by a qualified gold refinery like Specialty Metals Smelters and Refiners, the parent company of GoldRefiners.com. Acid-testing kits can only determine the gold content of small individual items like rings or earrings. They can’t determine the gold content in materials like these, which we regularly test for our customersRead More
It’s no secret that rich and famous people like to own gold. Some of them buy it as an investment. Others wear it as jewelry or even makeup. Still others like to decorate their homes, cars and boats with the metal. How much gold do ultra-rich people own? And how much gold did famous people who are no longer living own? We did some research. Here’s a summary of what we learned.Read More
That’s exciting, but have you stopped to think that gold can be found underwater in other locations too – in places you don’t need a boat or scuba gear to explore? That’s what we’re going to write about today. Here are three wet places where you stand a good chance of finding gold.Read More
The words “Cash for Gold” have been cropping up nearly everywhere recently. They appear in ads on billboards, on loose ads in packets that arrive in the mail, and even on store signs. It seems kind of odd that there is so much demand for your gold at a time when it’s not trading at top-of-market prices, doesn’t it? And in fact, it is kind of odd. But there is an explanation, and not a very happy one...Read More
The gold – often found in ceremonial items, church furnishings and artworks – is something that was amassed through the efforts of religious individuals and clergy who built cathedrals and churches, furnished them, and dedicated it all to the glorification of God.Read More
You’d think that gold wouldn’t be interesting anymore. People have been finding it and mining it for thousands of years. They’ve been using it to make jewelry, dental fillings and appliances, electronic devices, cosmetics and even medicines. Gold is old news, right? Not really. The fact is that gold, the precious metal that has been used by humans for longer than just about any other, continues to make the news most every day. Here are some news stories from just the last few weeks...Read More
How much are those small pieces worth? In most cases, they don’t contain enough gold to bring you much of a return if you send them to our gold refinery. But some old buttons, buckles, studs and cufflinks do contain gold that could be worth more than what you pay for them. If you send them to us for refining, you could be rewarded with a payment for much more than you paid for the items you found.Read More
When you’re selling gold items, it’s important to understand the difference between appraisers and assayers.
What Do Appraisers Do?
Appraisers are professionals that you hire to research the history of the items that you own. They are concerned with provenance, meaning that your gold items have an interesting or significant history. If your gold brooch once belonged to Queen Victoria or Marilyn Monroe, for example, it has collectible value that probably exceeds the value of the gold that it contains. If that small gold bee that you inherited turns out to have been made by Inca craftsmen 500 years ago, the same holds true. Or if the gold watch that you want to sell was once part of a museum collection, that can add to its value too.
So if you have older items that have interesting or important histories, or which you suspect might have, it is wise to find a professional appraiser who is qualified and certified to assess their value. The American Society of Appraisers (APA) is a good place to find one.
What Do Assayers Do?
Assayers are interested in value of a different kind. They are concerned with the metals that are contained in your gold and other items. For example, we are assayers here at GoldRefiners.com, part of Specialty Metals Smelters & Refiners, Inc. When you send us an item for testing and evaluation, we apply the latest testing technology to determine its metallic content.
After testing your items, we can answer lots of different questions for you. What is the Karat rating of a gold item, for example? What other metals does it contain, and how do those metals affect the value? If you decide to have us reclaim the gold and other metals that we discover in your items, exactly how much money will you receive for it, and how quickly? We can answer those questions, and more.
No Gold Items Will Be Harmed in the Process of Testing...
It is not uncommon for customers to ask whether we will damage gold items that they send in for testing. (“Will you have to melt down this old gold bracelet before you can tell me what it is worth?”) The answer is, we will not harm any items that you send to us for testing – a simple, non-damaging metallic test is all that is needed. (In some cases, we may need to rub your item on a stone or special cloth to obtain a tiny sample of metal to test, but that sample is so small that it cannot be effectively measured; it will not diminish the value of any item that you submit to us for testing.)
So, What Is the Difference between an Appraiser and an Assayer?
We hope that today’s post has cleared up that question for you. If you have more questions, we are here to help. Do not hesitate to call us at 800-426-2344.
If you have older relatives who are feeling blue because it will be so expensive to buy holiday presents this season, here is a suggestion.
Why not encourage them to recycle any precious metal items that they have on hand now? They could get a check from us just in time to take the sting out of holiday shopping.
Here’s a quick checklist that you can share with your mom, dad, aunt or uncle to help them identify unwanted items that can be recycled with the services of a qualified precious metals recycler like us.
- Silver and silver-plated tableware – There can be a lot of value hidden in mixed lots of old knives, forks and spoons that haven’t been used for years.
- Metal picture frames – Some of them are actually made of pure silver. Others are made of base metals plated with silver and in come cases, gold. They are well worth examining closely.
- Old trophies, medals, religious items and awards - In earlier decades, it was not uncommon for many of them to be made from silver, gold-plated silver, or other precious metals – even platinum. They are often small, but their dollar value might not be.
- Unwanted piece of jewelry – Rings, pins, bracelets, watches, chains, and other items can be worth a great deal of money.
- Old bridges, caps and unused dental appliances – It might surprise you to learn that your relative has kept such items, but sometimes people do. They intend to recycle them someday. Maybe that “someday” should be today.
- Deskware, including paperweights, pen and pencil holders, and letter openers – Such items, often engraved, were once given often as incentives and awards. They could be hiding in plain sight on your relative’s desk, mantle, or bookshelves.
- Lighters, cigarette and cigar cases, and other smoker’s paraphernalia – Several decades ago when many people smoked, these items were produced in great quantities and often given as gifts. It is extremely unlikely that they are being used today, so now is the time to send them to a qualified precious metals refinery for recycling.
It’s Easier than Ever Before to Find Out How Much Items Are Worth
If you have located any of the above items, you can sit down with your relative and give us a call at 800-426-2344. It will be a fun call, and potentially a profitable one too. One of our expert consultants will be happy to speak with you confidentially and give you an estimate of what your precious metals could be worth.
Raising Funds for Holiday Shopping: Why Not Get Family, Friends and Neighbors Looking for Precious Metals to Recycle?
Is this a Good Time to Sell My Gold?
Open Things Up, Find Precious Metals, Make Money
Need Extra Cash for the Holidays? Why Not Recycle Your Precious Metals Now?
This is a time of year when everyone could use a little extra cash, right? Or maybe a lot of extra cash would be even better.
So here’s a suggestion. Why not get together with your relatives, friends and neighbors, search for precious metals in your homes, and then send them to Specialty Metals Smelters and Refiners? The result could be a nice big check, just in time to make everyone’s holiday shopping a lot more exciting and fun.
Why search for precious metals with other people, instead of on your own? There are some great reasons. First, it is motivating and fun to start a shared precious-metals search. Second, you will end up with a larger quantity of items to recycle, which makes it more likely that we here at Specialty Metals can quickly recycle them promptly and send you a check. Third, you could end up discovering valuable items that you would have overlooked otherwise; when other people suddenly discover a silver plate or an old pair of eyeglass frames in their homes, you could suddenly remember that you own similar items too.
Here’s a Checklist
Here’s a checklist of precious metal-bearing items that are found in many homes.
Old items of jewelry . . .
Remember that even in a batch of what appears to be nothing but costume jewelry, there could be a few items hiding that are made of 14K, 18K or even 24K gold.
Old silverware and tableware . . .
It could be either pure sterling or silver-plated. Either way, it could be well worth recycling.
Old eyeglass frames . . .
As we have noted on this blog before, eyeglass frames that were made before about 1970 are often “gold-filled” rather than “gold-plated.” That means that they contain a much greater quantity of gold.
Trophies, commemoratives . . .
Newer items generally do not contain enough silver or gold to recycle. Older items, however, usually contain far greater quantities of precious metals.
Coin collections . . .
If they’ve been set aside for years, the chances are pretty good that you will find a quantity of silver or even gold coins that are worth recycling.
Mantle clocks, pen sets, cigarette cases, lighters and other old-fashioned decorative items . . .
Not that many years ago, it was common for small decorative items to be made of silver or – sometimes – plated with gold.
Form a Team, Start Looking, then Call to Tell Us what You Found
We are always available to discuss the precious metal treasures you have found. Call us at 800-426-2344 when you are ready.
Is this a Good Time to Sell My Gold?
Need Extra Cash for the Holidays? Why Not Recycle Your Precious Metals Now?
Why You Can Make More Money than Ever by Recycling Silver
Checklist of Places to Look for Precious Metals in Your Home
If you have been paying attention to dropping gold prices, you probably believe that this would be a very bad time to sell your gold. It seems like a far better time to buy gold now and hold it until prices bounce back.
But the fact remains that there is no one answer to the question, “Is this the time to sell?” Even when prices are low, your circumstances could dictate that selling now might be a very good idea.
Those circumstances could be . . .
- You acquired gold at a lower price than its current trading level, so selling now would represent a net gain for you. If you make a sizeable profit from selling your gold for more than you paid for it, the current trading price might not be a relevant concern.
- You could use the money that is tied up in your gold holdings to make opportune investments in real estate, fine art, or other assets that will appreciate in value. And remember, you could receive a usable sum of money by recycling only a part of your gold holdings. (Nobody can require you to sell all the gold you own right now, correct?)
- You can use the cash you realize as a tax-deductible charitable contribution to a college, a hospital or another institution that you support. Depending on your tax bracket and other considerations, it could be a strategy that will minimize your taxes, offset the current low price of gold, and help you support a favorite institution too.
- You own gold-bearing items that need to be recycled, not bouillon, and you don’t know just how much money you stand to gain by recycling them now. They could be gold dental scrap, gold-plated decorative items, a large quantity of printed circuit boards or other electronic devices that need to be tested by a qualified gold refinery like us. You could get a much bigger payment for those items than you expect.
- You are making a new estate plan. Instead of holding on to valuable precious metals and having your heirs pay inheritance tax on them should you die, perhaps you should liquidate them and put the money you get into a trust or other vehicle that will serve to minimize inheritance taxes. The attorney or other expert who is helping you plan your estate can offer you the advice you need.
How Much Are Your Gold-Bearing Items Worth?
If you are not sure call us at 800-426-2344 to find out.