PawnMaster Blog

Guest blog: Tips on Testing Jewelry Scrap Part 2

In this edition of Tips on Testing Jewelry Scrap we’ll cover the last two tips, tips #3 & 4: The Smell Test & Sharing information and training employees.

Guest blog: Tips on Testing Jewelry Scrap Part 1

There is a continuing evolution and sophistication regarding the types of jewelry alloys you will encounter in your scrap buying. With higher metal prices, even legitimate manufacturers are trying to find ways to reduce their wholesale price of newly finished jewelry. Competent testing of jewelry scrap is one of the most important skills a pawnbroker must have to avoid making expensive mistakes when purchasing or loaning on karat gold materials.

Refiners vs. Smelters: The Benefits of Using an ACTUAL Refiner

Do you know the difference between a Refiner and a Smelter or Buyer? If you don’t, you’re not alone. Many companies sell their gold to smelters or other middleman companies that call themselves refiners but are not ACTUAL refiners.

Refining Matters: Focus on the Pawn Industry

As a strong supporter of the pawn industry, United is proud to be a member of various pawn organizations. We also participate in most tradeshows including Pawn Expo in Las Vegas, Dixie Pawn Convention, Midwest Pawn Convention, the CAPA Spring and Fall Conferences, TAP and the Pawnbrokers Advisory Forum Conference.

Guest blog: The Ins and Outs of the Diamond Recovery Process

The process of diamond and gemstone recovery from karat gold jewelry scrap is far more complex and time consuming than a direct melt and assay recovery. Jewelry that contains recoverable diamond and gemstone melee will always yield a much higher value, as long as the refiner you choose is implementing sound wet chemistry processes that minimizes the potential for mechanical losses of metal and damage to the your valuable gemstones. You should expect the refiner to charge higher processing or treatment fees for this service as well as allowing a little more time for final results but in the end, the additional value you'll receive back from the sale of your stones more than justifies any inconvenience.

Refining Matters: Focus on the Pawn Industry

The pawn industry enjoys a unique relationship with United PMR. As the largest US-owned primary refiner in the country, United exclusively services the jewelry industry. A major source of jewelry for recycling and refining is the pawn industry. Dating back to ancient history, the practice of loaning money on portable security has outlasted the test of time. Pawn shops, because of their niche services and customer-friendly business model, have provided much needed funding to customers when other options such as bank loans weren't available to people.

“I salt my lots by throwing in Platinum to make sure my Refiner is honest.”

The first time I heard this, I was shocked! Then it was endless stories of pawn owner’s explaining how refiners didn’t find their platinum. So let’s talk about this elusive metal.

To start, sneaking metal into your refining lot is never a good idea, especially platinum group metals. The first, and most important reason is if the refiner is expecting gold and silver, a fire assay is done on your material to assess value.

Wait before You Say, "Oh that.... Yeah We Throw that Away!"

Posted on 28 Mar 2018

Metal Speaks

Sometimes we catch it ..... A c lient calls. Their shipment is prepared and ready  to ship to our company. Weights are discussed. Hedge and advances are discussed... All good, right?

Fake Gold

To the right is a gold chain that GEIB received in with a melt lot. We noticed the chain, along with a few other pieces but something about this piece in particular just didn’t add up to being "RIGHT", so we went a little further on this rope chain.

Posted on 22 Nov 2017

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