How to Make Money Recycling Platinum, Silver, and Gold Wire
Platinum, silver, and gold wire are most often found among the supplies at companies that make or repair jewelry, such as jewelry stores and jewelry factories.
Where will you find those precious-metal wires in those facilities?
As part of generalized scrap, like bench and floor sweepings.
In jewelry-making supplies. Often, wire will still be rolled up on spools of unused materials.
Where Can You Find Businesses that Have These Supplies?
One of the best approaches is to look for sales and auctions of companies that are liquidating or going out of business. You can find listings of these businesses online at sites like Willner Auctions. You can also look at local newspapers (if any of them are still published in your area) to see if any business auctions or liquidation sales are happening in your area.
How Can You Identify the Metallic Content of the Wire You Find?
If you can obtain floor sweepings that contain small bits and pieces of metallic wire, call Specialty Metals Smelters and Refiners at 800-426-2344 to speak with our refiners. It is easy to send us your mixed precious metal scrap for analysis.
Or if you find rolled-up wire on spools, chances are good they will be clearly marked with the kind of metal(s) they contain. If you find a spool of white metal wire that has no markings, call Specialty Metals at 800-426-2344. As is the case with floor sweepings and other quantities of mixed precious scrap, we can quickly test these materials for you and issue you a report that lists the precious metals they contain.
Big Money Can Sometimes Be Found in Small Quantities of Precious Metal Wire
Don’t let the value of wires slip through your fingers. With gold trading for nearly $2,000 and platinum for a little more than $1,000, you can profit from every piece of precious metal wire you find and collect.
Start collecting, call us, and start making money today.
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