PawnMaster Blog

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

Demo Request

Follow Us

Contact Us