The pawnbroking industry has a secret to profitability: you can convert scraps into cash. Today we’re sharing how pawnbrokers can use a trusted refinery to maximize profits and unearth space within your pawn shop. Find out how this steady flow of income contributes to recycling efforts and conserving natural resources.
What Types of Precious Metal Scrap Does Manhattan Gold and Silver Buy?
Pawnbrokers have the unique opportunity to convert their inventory of gold, silver, platinum, and palladium scrap into cash by selling to our precious metal refinery. Our refinery has forty years of experience accepting, processing and recycling a diverse range of precious metal items.
The diversity of items that you can sell is vast. Here’s some of the items we commonly purchase from pawnbrokers:
- Broken or incomplete silverware sets
- Dated jewelry that may be out of fashion or isn’t selling in your shop
- Coins of various origins and denominations – even those that are antique or out of circulation
Additionally, estate jewelry, which often contains a significant amount of precious metals, is another excellent source of scrap. Turn these long-forgotten pieces into a tangible asset by selling them to Manhattan Gold & Silver.
Don’t let potential profits simply gather dust on your shelves or sit in your vault, get cash for your business by tapping into precious metal recycling. Regardless of condition or completeness, your items containing gold, silver, platinum, or palladium have value at our refinery.
Why Working with a Refinery is More Profitable Than a Middleman
Working directly with a trusted precious metal refinery delivers several compelling advantages over relying on an intermediate middleman. One of the advantages is the layer of authenticity and reliability. A direct relationship with a refinery, like ours, provides a sense of security, knowing that your precious metals are handled by experts who have robust knowledge and understanding of the industry norms and values.
In contrast, a middleman may lack this in-depth industry knowledge and can also introduce additional risks and uncertainties in the process. There could be questions regarding their credibility and the overall integrity of the transaction.
Another noteworthy advantage of partnering with a refinery is the potential for cost savings. Middlemen, in essence, are service providers who facilitate the transaction between you and the refinery. They operate to make a profit, which means a certain percentage of your investment is allocated to their fees or commission; this can significantly impact the overall profitability of selling your scrap metal. This cost can be minimized and even eliminated when dealing directly with a trusted precious metal refinery.
Eliminating the middleman leads to improved communication, allowing for better alignment with your specific needs and circumstances and a quicker overall selling process.
Manhattan Gold and Silver offers superior reliability, cost-effectiveness, transparency, and a tailored customer experience.
Our Refining Process
Our refining process starts when we receive your scrap metal for recycling. We then conduct an assay to determine the metal’s purity. After assessing the weight and purity, we can provide you with a payout quote. Next, the scrap is melted down in our refinery where you are welcome to observe the entire process in person.
Once your business has sold metal to Manhattan Gold & Silver, you can even ship your scrap to our store and receive your payout by wire transfer or check.
