The headlines are horrible: COVID-19 is having a “second” wave. Actually, did the first one ever end? The killing of George Floyd has led to widespread protests and even looting. So many people are out of work, and government stimulus funding is running out. The government is looking at reducing the extra unemployment benefits that… Read More »
Category: Best Practices for Precious Metals Scrap
Gold Buying And Gold Refining During COVID-19
COVID-19 IS IMPACTING EVERY FACET OF SOCIETY The novel coronavirus (COVID-19), a highly contagious acute respiratory disease, is spreading around the world. Many businesses are affected, including jewelers, pawnbrokers, and gold refiners. Moreover, as business conditions have become so uncertain, many financial markets have become highly volatile. This is especially true for gold, which recently… Read More »
New Developments in the Republic Bankruptcy Leaves Customers Who Bought Metals Out in the Cold.
Litigation surrounding Republic’s bankruptcy continues in the Southern District of New York in lower Manhattan. Pease & Curren provided initial insights here, bankruptcy FAQs here, and now provides an update on some of the important issues that have come up as the case proceeds. The Court Approved An Investigation of the Rubin Family Creditors Will… Read More »
News: Republic Metals Corp. and Republic Refining Corp. Files Bankruptcy
The Precious Metals industry has been rocked by news that Republic Metals has filed for Chapter 11 bankruptcy protection in the Southern District of New York as of Friday, November 2, 2018. The bankruptcy filing will give the company protection from its creditors in the immediate term as the company works on restructuring its business… Read More »
The most common mistake people make when buying or selling precious metals and coins, and how it can cost you.
At least once a week at the refinery we come across someone who is unfamiliar with weighing gold or silver. We explain weights to them, and they understand, but there are unscrupulous people out there who do not explain and take full advantage of the confusion.
Cleaning Up the Shop: Disposing and Refining Vinyl Floor Tile
Around this time of year many of our customers shutdown for one or two weeks in July. We ship out quite a few containers to use for cleaning up jewelry benches and manufacturing facilities; the items sent in to be refined are varied. Filters Polishing buffs Shop floor sweeps Protective equipment Vacuum bags Sink sludge… Read More »
How to make money shopping silver at yardsales
Spring is coming and many of us are excited to see yard sales popping up in and around our neighborhoods. Some of us go out searching for a deal, or a treasure of some sort. We see scrap jewelry, old flatware pieces and hear the occasional story on the news of someone finding a $20,000 diamond ring in a… Read More »
Were you too quick to cash out your precious metals last year?
In today’s world convenience is all important. Convenience means quick and easy. The question is how quick is too quick? Are you sacrificing money because you are being too quick with your finances and selling off gold and precious metals at a loss? For example: in precious metals refining, waiting just a couple of days… Read More »
4 Important & Overlooked Safety Tips for Bench Jewelers
Bench jewelers are the unsung heroes of the jewelry world — tirelessly working away in the back of the jewelry store, making and repairing beautiful pieces to delight their owners. At Pease & Curren, we consider the bench jewelers we work with to be among our most valued relationships. As a proud gold refiner for… Read More »
7 Common Mistakes That Can Hurt Pawnbrokers
As a trusted gold refiner for pawnshops, Pease & Curren wants to see all the pawnshops we work with succeed. In that spirit, here are seven common mistakes all pawnbrokers should do their best to avoid. Not Doing Your Research When Selling Precious Metals If you are selling precious metals or gems to a specific… Read More »