What You Need to Know about Making Money in Fabrics Woven with Silver and Gold

What You Need to Know about Making Money in Fabrics Woven with Silver and Gold

...Most of the garments date from the Chinese Yuan Dynasty (1271-1368), which was established by none other than the Mongolian conqueror Kublai Khan. That’s a long time ago, but isn’t it still possible to find antique items of clothing that are woven with gold – or maybe with silver or other precious metals? Here’s some information you should know when you go looking for precious metals in antique clothing. 

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Recycling Precious Metals – It’s Time You Found Out about Findings

Recycling Precious Metals – It’s Time You Found Out about Findings

Findings are small, pre-manufactured metal items that are used in jewelry production. Chances are pretty good that as you read this post, some of them are right there in the room with you. If you bought a nice silver chain to give your niece for a present, for example, open the box and take a look at it. You’ll see that there is a small ring attached to one end, and some kind of clasp to the other. Those add-on pieces are findings. 

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The Cash Cleanup . . .

The Cash Cleanup . . .

If you forgot to do any spring cleaning, these energizing autumn days can be a good time to get going. If you do, there is a pretty good chance that you’ll discover some items that will provide you with a bigger payback than you realize. Here are some items that are lying around my house. Odds are pretty good that they can be recycled very profitably by a top precious metals refinery like Specialty Metals Smelters and Refiners. 

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Five Golden Rings: Have You Got Yours Yet?

Five Golden Rings: Have You Got Yours Yet?

So if there is enough gold on earth for each of us to own five golden rings, have you gotten yours yet? I am not joking, because if you devote some time and energy to acquiring gold, you can get to that five-ring, .76 troy ounce figure more quickly than you expect. Where can you find that gold? For starters, in places like these that you might be overlooking. . .

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Need Extra Cash for the Holidays? Why Not Recycle Your Precious Metals Now?

Do you tend to leave a certain number of things unfinished? I know that I do, because I sometimes procrastinate. One example? I have two old snow tires that are leaning against the back wall of my garage. They don’t fit on my current car. I really should figure out what to do with them – sell them on Craigslist or take them to my mechanic to see if he can give me a few dollars for them maybe – but I never quite get around to it. I also have some nice old picture frames that I could cut down and use on some pictures that I have in the house. But do I do it? Of course not.

Many of our customers send us sterling silver flatware, silver-plated tableware and hollowware as shown above for us to refine and recycle.

Many of our customers send us sterling silver flatware, silver-plated tableware and hollowware as shown above for us to refine and recycle.

Another Class of Things You and I Should Attend to

Those are just a few examples of some of the loose threads that need to be tied up in my house and my life. Are you anything like me? If you are, then you have left some things undone too. So you and I should turn our attention to “loose threads” and put some extra dollars in our wallets right now, just in time for holiday spending. 

I’m referring to loose threads that involve precious metals that could potentially be refined and recycled. In my life, they include . . . .

  • A box of old silver-plated tableware that my wife and I inherited from somewhere, about 10 years ago. We don’t like it, we don’t use it, but it’s still sitting around. If I got it together to send it to a top silver refinery like Specialty Metals Smelters and Refiners, I would probably get some cash for it, just in time for the holidays. How much money would I get? I don’t know, but Specialty Metals could tell me in no time at all. And just in case you thought Specialty Metals only deals with businesses, you would be wrong. They work with individuals like you and me, too.
  • A weird little gold charm that I inherited from my parents after they died. Maybe it belonged to my grandfather? It looks sort of like a dragon, only it has a little compartment in its stomach where it is possible to keep  . . . a pill, maybe? Not too sure what. I don’t know whether this strange little item is 18K or 24K gold or just what, but a top gold refinery like Specialty Metals could tell me in no time flat. Who knows, it could be worth a very nice chunk of change. If you look in your dresser drawers, you might find something similar.
  • A large old gold-toned salad fork and spoon that I ended up with somehow. They’re in a drawer in my dining room. I don’t even know where I got them. I doubt that they are made of gold. It’s much more likely that they are silver with some kind of thin gold plated finish on them. Are they worth $5 or $500? I have no way of knowing. But I do know that I can find out very fast by sending them to Specialty Metals Smelters and Refiners to be tested. And again, it would be good to have a little extra cash for the holidays.

What Are You Procrastinating About?

It’s one thing to be stalling about old snow tires, and another thing to be procrastinating about recycling items that could potentially contain very valuable quantities of precious metals.

So with the holidays coming up soon, today could be the day for you and me to get moving. Let’s call 800-426-2344 to turn the stuff we’ve been stalling about into cold cash.

Related Posts:

How to Get Top Dollar for Silverware and Gold Jewelry
Why Big Dollars Could Be Hiding in Small Quantities of Silver Tableware
Checklist of Places to Look for Precious Metals in Your Home
Recycling Gold Filled Scrap - Big Dollars Could Be Hiding in Small Items

How Tariffs Affect the Value of Your Precious Metals Holdings

As you have read on this blog before, many precious metals that are in demand in America are not mined here. When they are imported into the United States, they are subject to import tariffs. If you want an overview of what those tariffs are, you can learn more in a government document entitled The Harmonized Tariff Schedule of the United States.

Tariffs affect the prices of precious metals in many interesting ways. The bottom line is that high tariffs increase both the cost and the market value of imported metals. If a tariff is added to an imported metal like silver, that pulls up the market value; the value of metals that are not imported, but recycled and refined, rises too.

Photo of gold jewelry which is in increasing demand in India, raising the prices you can get for recycling your gold at Specialty Metals.

A Recent Case Study from India

Just a few days ago, the Indian government reduced the tariff on imported gold from $424 US to $408 US for 10 grams of gold. It also cut the import tariff on silver from $650 US to $617 US per kilogram. Interestingly, gold is the second most important import to India, second only to petroleum. The growth of the middle class in India has created rising demand for gold jewelry.

Bear in mind that changes in overseas markets can affect prices in America too. In our global economy, what happens in one country affects prices and consumer behavior in other countries too.

Those effects can be quite complicated. If tariffs on gold imports in India fall, for example, that can trigger new buying in that country and cause a ripple effect in other countries. For example, if India suddenly wants to buy all the gold it can on the international market, that can cause per-ounce prices in America to rise.

What Is the Best Time to Sell or Buy Precious Metals?

If you have quantities of precious metals – silver, gold, palladium, cadmium - that question is the most important one that you should be asking. Be sure to visit our home page to know, on a day-to-day basis, the current values of the metals you have.

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New Applications for Precious Metals Keep Demand and Prices High
Three Trends that Will Keep Demand for Precious Metals High
Can You Still Stake a Claim to Riches by Prospecting for Gold
An Invitation to Jewelers, Pawnbrokers and Other Jewelry Professionals to Partner with Our Precious Metals Refinery
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Recycling Gold Filled Scrap - Big Dollars Could Be Hiding in Small Items

Jewelry manufacturers have recently gotten very good at depositing extremely thin layers of gold onto other metals. The result? Most of the gold-plated pieces of jewelry that have been manufactured in the last few years are not worth recycling at all. The cost of refining the gold they contain is higher than the value of the gold itself.

Image of an assortment of karat gold and gold-filled jewelry, which Specialty Metals can recycle and refine for the best prices for individuals and businesses.

But if you have large quantities of older gold-filled items, that is another story. As recently as 20 years ago, manufacturers of the following items were applying far thicker platings of gold than are common today . . .

  • Gold-filled Jewelry – Even small pins, bracelets, and chains can contain quantities of gold that are worth recycling. It is also worth remembering that as recently as only a few decades ago, relatively inexpensive watches often had gold-filled cases that contained quantities of gold that can be quite valuable today.
  • Trophies, plaques, and commemorative items – Today, they contain very little gold. But in years past, that was not the case. If you have a quantity of them, they can be well worth recycling.
  • Gold-filled Eyeglass frames It is easy to overlook the value that resides in them, because they are small and lightweight. But to restate the point, older gold-filled eyeglass frames – those made 20 or more years ago – contain much more gold than frames that are manufactured today.
  • Gold-filled plates, dishes, cutlery, candlesticks and other items – If you’re lucky enough to own quantities of older items, you could be sitting on quite a valuable quantity of gold.

Stampings to Look for on Gold-Filled Items

Look over the gold-filled items that you have. Not all gold-filled scrap items will be stamped with numbers that indicate how much gold they contain. But if you do notice numbers like these stamped onto items, here is that they mean:

  • “1/10 10K” means that 1/10 of the weight of your item is 10K (10 karat) gold.
  • “1/10 12K” means that 1/10 the weight of your frame is 12K gold. And so on.

If you have large quantities of gold-plated and gold-filled scrap, call us at 800-426-2344 to learn more.

Related Posts:

How to Get Top Dollar for Silverware and Gold Jewelry
What Is Karat Gold and How Can You Find Out What Yours Is Worth?
An Invitation to Jewelers, Pawnbrokers and Other Jewelry Professionals to Partner with Our Precious Metals Refinery
Ask a Gold Refinery - What’s the Difference between Gold-Plated and Gold-Filled Eyeglass Frames?
There Could Be More Gold in Old Commemoratives and Trophies than You Think