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hey it's done the auction professor here
I'm gonna scrap some gold today and
we're gonna take you along I'm gonna
show you where I go it's the same place
I've been going there for three or four
years excellent people but let's head
off there right now so here we are out
of state jewelers this is the one I
always go to before I picked a place to
go and saw my gold I would call around
and see who pays the most for gold
usually there's one in every town that
pays more than all the other ones and
this is just the one that does it
as you can see it's a state jewelers
they're open in just a few more minutes
here so I've got just a couple of
minutes to wait but we're gonna take it
in and as I showed you I do have it all
separated this is the bag of gold and
we'll see what we get for it so again 15
20 bucks I have invested into this hey
how we doing doing good how you doing
pretty good I'm done yeah and if I'm not
mistaken you own the place is that not
good yeah my son miles hey how we doing
there I have a gem question for you too
so that might be
I've actually separated it on I usually
just kind of bag it up separately in
here what we do is we go through all the
different characters it's different for
sale yeah they should everything that I
have marked with the care they're
actually marked I use the loop and
double checked on the home now this one
in here that ring I'm almost sure is 10
carat and then there is a face piece
that I think is 14 i rudimentary got an
x-ray spectrometer yeah I was gonna ask
you about that I know you guys have had
that and I've seen up here before yeah
it works real well the old fashioned way
is with nitric acid and I don't I've
done that I'm just never in and it's not
healthy for you what we do we separate
like we we like the older jewelry this
was from like 1910 yeah I pay a premium
I pay over gold for it and we would
restore it
put a new stone and an oh yes yeah I
found many of these and sometimes I run
into these that don't have any markings
but that ones does it yeah most of them
are 18 karat some are cladding them yeah
I had a platinum on once before too like
a lot of this is bulk purchases and in
fact you know some of the people that I
would have gotten some of this now the B
I'm almost sure I've had one or two of
those in the past that's that's been
gold yeah some of them are Masonic some
of them are played young and some are
platinum but we'll be able to tell yeah
I didn't think this was gold but I
didn't want to get poked on the way over
no that's gold filled and there's other
ways to do it you know we got a strong
magnet yeah I def t five pounds so just
didn't want to get poked yeah I don't
think those are but I thought since I
was coming I just threw in my little jar
and I figured they're usually marked on
the post
yeah I looked for that too but I
couldn't find anything else this someone
take over to the x-ray spectrometer
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yeah see I didn't know if that was
because it's marked 10k and then 14k you
can tell it's solid gold at least where
it's broken at so I think we paid a
dollar for that broken ring same here I
started collecting MiFi my father gave
me his stamp collection when I was 7 and
ever since then I've been in a paper
comics you know anything pretty much
vintage did coins too effective my my
son's got a my collection now he gave it
to the kids one thing about I'm gonna
put this over to the 14-karat one thing
about the spectrometer just like testing
gold with nitric acid you have to scrape
it a little bit make a little mark so it
can yeah that's right
penetrate that gold film so I'm the
asset I'm gonna just make a line on
these it'll tell major you know jewelry
you know I bought a fighter for 21 where
most people I know when I first diamonds
are always good when I first was looking
to sell I we called around and you paid
the highest out of everybody in town
that I talked to everything on a
spreadsheet
and then anything that's nicer that's
resellable will pay way over gold so
we're not just scrap tires you know a
lot of this is scrap and not with the
scrap we're able to pay a little more
because what we do is gonna repurpose it
well melt it down will you read alloy
ahead pure gold to it and then we use it
for
so you increase the from like 14 18
carat or something along I'll probably
take 14 karat down to 1000 K so you're
reducing very interesting okay yeah I
was hoping that one was I know that the
be they've made 10 karat once and for
Accenture
so our scales are all certified the
state comes enhancer to fathom what's
gold running right now right now
fourteen hundred twenty seven dollars
brown and we update that throughout the
day
yeah I'd imagine so I usually check it a
couple of times a day if I'm messing
with it like this one actual gold on it
for the ring for the ring that's
eighteen nineteen twenty-four
it's like eighty one dollars that's at a
hundred percent and this I would pay
$100 for and a lot of times you have the
older things will make a mold of it and
will make oh we do them in silver it's
pretty interesting I didn't know you do
do you have vacuum chambers and the
whole works the cast yeah we have the
same thing we have degasing vacuums and
pressure tanks we have made probably
about 500 600 rings in a day you know i
have dis finishers you know I've got it
down to a science
vestment casting the spin cast never
works off vacuum it's older equipment
but it works good so why update so it's
a vacuum as well when you're casting
yeah we just have a cheapo spin cast or
that we made those but yeah you don't
get the consistency yeah of short the
main thing with because we do different
colors of gold and you need different
temperatures so we have something that
holds it oh is that the difference and I
didn't realize it was a temperature that
caused this dissolves just scrap well
there's like 15 invested into this and I
don't even really have that just because
we've already sold stuff you're saying
Lots
yeah what they want because we don't
actually get a how long am i sending it
down yeah this stone was in this pin and
the other part of its there but that's
why I figure there might be just a
chance I'm looks like it's probably
glass yeah we got meters that can tell
it then there's a problem whether it's
synthetic but synthetic well created
well really I didn't know that yeah I
guess it's basically the same thing as a
real one it's just created that's where
the gemologist comes he can see bromine
little bubbles yeah I could see bubbles
in there but you know I'm not into gems
themselves scrap different story but
yeah
I buy a lot of gemstones I've got a lot
of like Alexandra my wife has a pendant
that has opals on it would you be able
to replace a no it's no problem I have
others that work directly for us we have
gemstones on here and it's really easy
it's a vintage piece you guys like to
have it and that's a Brimfield piece
actually what I think about it I think
it is confidence we're real good at
restoring
older jewelry most jewelers don't know
how to restore it because they polish it
too much and it don't need to be
polished too much I like the patina I'm
not sure oh yeah definitely so this also
would be considered scrap
yeah that's just a chunk of 10k I think
ring I didn't even think it was real at
first total comes out to five hundred
and seventy dollars so that's pretty
good on what I've got into it oh yeah
definitely so I will go ahead and sell
it off with me I know you need a
driver's license yeah for those who
don't know you do need a driver's
license well the thing that is we carry
two different licenses to state license
works a lot of jewelers Dahl
yeah I didn't realize it was that high
still I hadn't looked at the gold price
in a while so you don't tweet so much
I'm not a speculator so I buy sell
making shipment it's very interesting
yes right quite surprised it was that
much honestly maybe we can come back and
you can show us around maybe one day I'm
someone interesting I'd love to see the
your bench area and who works too in
those days the kilns the whole works we
also do which is nice to me we have a 3d
drawing machine ad so we're able to send
our customers a rendition they can
change the color of the color of the
stone you know do a three-dimensional do
you have a 3d printer that you you know
do tests on as well - or we do a lot of
custom work we have an artist Courtney
that is a jeweler which is very hard to
find interesting yeah we'll definitely
have to come back and take a look around
maybe one day you can show us the
analyzer over there - oh yeah that's
pretty yeah I like it even the asset
because you know for years you know it's
still caustic yeah I know they have a
tester or a handheld one that runs like
four or five I've got three of them are
they are they good yeah they are they're
fairly good the thing is you still have
to scratch it you know if you don't
scratch it then you're only doing the
surface and it's not letting the intern
nothing will penetrate is there one of
those handheld testers you'd recommend
yeah only one
called the key tester oh wow that's
pretty interesting what is that run just
curiosity so um it's probably around 325
oh well that's very reasonable yes yeah
they went down we met this guy in
Brimfield that designed it
oh the design this actually he designed
it like in the 90s and it looked like a
boat old meter and he goes let me see
that ring of yours and he put it on
their brake don't care wow that's pretty
fast and then someone bought the rights
off the family I guess from several
tools out of Chicago is that just a
jeweler supply company and they're
revert I get a lot of Mike's advice okay
well I appreciate it I appreciate it but
but it's real easy you know you are
taking care for the yes
see they're cold steel house gonna say
that one does leave like it's 18 just by
the looks on a comparatively I'm not a
pro what I've seen enough too cold in my
day so your son started off the same way
if lately you know I used to take him
around when he's nine years old
cuz I sold wholesale jewelry you know
you store soon and everyone goes oh he's
so nice but I gave him a percentage of
what I sold so he is just trying to
figure out his percentage at every
dealer that I felt - yeah I remember the
suit days I was a regional for a long
time and it was super tie whenever I
visited some other sides see so you just
put it on your mouth this one has got a
high Joey is better to have a high
County yeah a lot of times the Italian
gold people don't realize it's 14-karat
gold but they warms up with a higher 82
so you're pretty sure we gotta have so
many different things yeah just like in
what we do - we have a ton of different
em this is just the first test okay then
it goes to rod and what'swhat's this one
you got to hold that one up to the
Presidium Jim test is this like probably
the best one you would recommend well
you know it's for the money it is what
is one of those run a feeling I'm
probably about oh well that's again very
reason yeah but it won't tell you if
it's real they don't tell you if it
passes the test yeah I like it
but mainly because aquamarines and gluto
passes are so close this will
distinguish it right away
yeah I'm always iffy on some of the
earlier ones but since that's from
probably 1920s or 30s piece I thought
there might be a chance yeah that was
the only drawback - it's definitely bad
yeah I figured the reason I say when you
flip it on the backside if you look
around the very edge has some white yeah
how's it looks like it's almost like
layered you know maybe did a lot of odd
like dublin's where they actually fused
the real Staller
to synthetic stone really yeah that's
kind of crazy to even think about that
but we need all this how often do you
ever get taken for something if you
don't mind me asking honest with you it
out of five buyers that we probably get
six buyers I'm the one that's more
relaxed and I usually have it somewhere
in my office so I can see it right now
adays are making so much phony stuff I
mean they're putting heavy layers and
old I just don't take the time to really
dig in my son told me that one of the
latest reports from the government was
that 75 percent of all bullion silver
and eBay alone is fake that's a huge
amount you have different testers for
then now the spectrometer you still have
to drill it so even if you had like a 10
ounce bar silver you'd have to drill a
10 ounce bars of gold where they use
tungsten which has the same weight rise
yeah cuz the the one here three ounces
of pure gold seven ounces of tungsten
but they have what's called a sigma test
which is more like you just put a wand
over it and it'll tell you if there's
anything else in it wow that's $4,000 I
don't need it because I don't buy
bullion the bullion and a lot of those
bigger coins we just send down to a coin
chat because but you know the bullion
and that 68 points roughly total waste
well it's 14-karat even put them all in
on categories on your receipts in the
cinemas yeah everything completes every
night you know we were on leads online
they want us to buy everything because
it's a fake crew now they can catch
something so we work with them all the
time we take pictures of the drivers
license that's where we scan over there
yeah so I figured out and pictures of
the jewelry too so how often do they
come back and say hey this is stolen
it's not that often if some don't seem
right we call the police just to be safe
said oh yeah just to make sure that you
know if the jewelry don't match the
purse if sometimes it's not you know
very interesting that I watched some of
the the ponchos and one of the things
they say as they bought rings when
something like that happens you're out
the money is that not correct I have
know how precious metals license in the
law states that they reinforce first me
or the insurance and then they go after
so that's like a separate air separate
insurance that maybe not everybody would
have or is that anybody needs it's not
too many people have an Ohio precious
metals license we do I think we're the
only jeweler in Toledo it does have one
hence why most people end up going here
I would say probably yeah but you never
know you know we get people coming here
because of our
and we we encourage people to shop
around if you call us up we'll say shop
it around and they always come back yeah
that's exactly why I've come here for I
think we've been coming here for three
or four years now you know not
constantly but no as we get stuff put
together
I figured you must just because if
anybody's smart would be calling around
to see the one that pays the highest way
yeah Myles he's going through in this
state you know 11 kilos of silver
jewelry that was the bucket IDs only buy
they buy a lot of estates and things
like that
so I said an auction house and Milo's no
no my house was my son he's Bo okay okay
okay I got you I got you
well I appreciate your time and thank
you very kindly
good to have you here thanks a lot well
we're back um hopefully that gave you
some thoughts on this here is the
receipt so you can kind of see I blocked
out my name but you can see 570 bucks as
I said I've got maybe 15 or 20 bucks
into the junk gold that I sold in
honesty I don't really have anything
into the gold they were bought in Big
Lots and it's just stuff that showed up
I wasn't buying stuff to find the gold
but as I said in the past it just turns
up in lots that I buy custom jewelry
that somebody didn't check correctly
pieces from like big bulk Lots at estate
sales or even from the local live
auctions many times people will miss
items like that so hopefully that gave
you some thoughts gold swapping is one
of the easiest things you can do it's
easy to find many people don't really
know the value they won't take it into a
shop or anything like that but we swap
out gold all the time silver especially
also all of it goes including gold
filled so if you get gold filled as well
and have enough of it they will buy that
off so especially right now because gold
is extremely high right now as you heard
so anyway that's what I have for you
today hopefully that gave you some ideas
and some thoughts if you enjoyed the
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