PawnMaster Blog

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?

Refining Views - Shipping Your Materials

Refining Views - The Market

Don't Know Much about the Stone Removal Process? Peter B. Spector Can Help


Stone removal is, and should be, an important part of the pawnbroker’s and jeweler's process. If you’re not doing it, you should be, and if you’re not familiar with how to do it, that’s where I come in. Stone removal is a terrific, easy process. It’s incredibly affordable, and it’s a simple way to gather items of value to bring to a convention to be able to sell.

To Silver or not to Silver....

You: "So you would like to sell this Tiffany™ Silver necklace & bean. I can give you $25."

Customer: "....but this silver bean was $250 and I just bought it six months ago in Vegas with my now exboyfriend at Tiffany's in Caesars Forum Shops...."

Have you had a conversation like the one above? Is it the reason you don't buy silver? Or maybe it's one of the reasons below...

    • You don't want to "offend" your customers knowing silver quotes are low
    • Not sure what to pay for silver? How do I buy it right ?
    • Is it sterling and if so will it run actual 92.5 or will it run less – more like 90% or 89%
    • What about knife handles and blades and candle stick holders, how do I account for extra weight ?
    • How do I ship it ? It’s going to be heavy as heck and probably be expensive ?

Refining Views

passion  pas·sion. ˈpaSHən/ noun

1. Strong and barely controllable emotion.
"a man of impetuous passion"

My name is Peter B Spector.

I am the Senior National Accounts Manager with GEIB Refining Corp. in Warwick, Rhode Island. I love what I do and I love my clients.

I have worked tirelessly for 17 years in the refining industry to earn a great reputation and following in the pawn industry, retail/Mfg jewelers as well as other industries that accumulate precious metal bearing materials. The owner of my company once told me, "the harder you work; the luckier you get" I believe that; don't you!?

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