After a few bad experiences with people who do not understand how to use a gold test kit (local pawn shops)..I went to a local jewelery store..Turns out that they buy gold in any quantity..It was tagged and put into a bag to be sent out with their other job orders..Ill get a precise % of purity..and the owner is going to call me tomorrow to talk about what percentages of spot they pay because he wasn't present when I dropped my button off..What procedure gives the best value?..Who do most of you use to sell your PMs?..I've also found a problem finding a local outlet for silver..any suggestions? -Thanks John
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Best Place to Sell?
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NobleMetalWorks
Well-known member
I am currently selling to several jewelers, at spot prices. It's sometimes hard to keep up to be honest. Many times they sell me scrap and purchase refined metal at the same time. I have been also selling silver to jewelers.
I went from jewelery store to store to find customers, many of them explain how they have been doing business with the same people for 30+ years etc. In those cases just thank them and move on. Eventually, when other benchmen hear that your material is good and your prices fair, you will start getting referrals which is where I am at now. I also make special alloys of silver, I have one customer who is buying Palladium Sterling from me. Offering exotic alloys will also bring you business. Regular jewelry stores that make their own jewelry generally don't deal with a lot of silver, however if you talk to street venders, you can find a lot of them who do. Just this weekend I spoke with 7 street venders during a fair in Walnut Creek Ca. Out of 7 silver jewelers, 2 want to do business with me, and 1 already ordered. I also have spoken with street venders in San Francisco and Berkeley and have sold to many of them as well, and collected their sweeps/scraps to refine as well.
The first question I ask street venders is if they are making their jewelry out of Precious Metal Clay, if they are they generally have no waste to speak of and cannot purchase silver from you if they are using clays, unless you are making silver clay.
Scott
I went from jewelery store to store to find customers, many of them explain how they have been doing business with the same people for 30+ years etc. In those cases just thank them and move on. Eventually, when other benchmen hear that your material is good and your prices fair, you will start getting referrals which is where I am at now. I also make special alloys of silver, I have one customer who is buying Palladium Sterling from me. Offering exotic alloys will also bring you business. Regular jewelry stores that make their own jewelry generally don't deal with a lot of silver, however if you talk to street venders, you can find a lot of them who do. Just this weekend I spoke with 7 street venders during a fair in Walnut Creek Ca. Out of 7 silver jewelers, 2 want to do business with me, and 1 already ordered. I also have spoken with street venders in San Francisco and Berkeley and have sold to many of them as well, and collected their sweeps/scraps to refine as well.
The first question I ask street venders is if they are making their jewelry out of Precious Metal Clay, if they are they generally have no waste to speak of and cannot purchase silver from you if they are using clays, unless you are making silver clay.
Scott
