As a blog writer (GoldMarketer) at Stebgo Metals, marketing is my specialty, which is why the focus of my blogs will be tips and advice to benefit and help leverage your marketing and sales programs. My first piece of advice to you is the power of emotional connection and storytelling. The History of Gold is filled with fascinating information and stories that can help capture your audience and make selling easier. I’m going to take you on a journey through the history of gold from the eyes of metallurgistsmetal smiths, miners, and refiners.
Stebgo Metals Blog
Stebgo Alert 18KW Fake Chains Encountered. We have had another group of 18KW fake chainscome into our facility. This particular style of 18KW fake chainwas hitting the pawn shops and jewelry stores a little over a year ago. The fake chainis a Stainless/Chromium mix that is not magnetic and does not react with nitric acid at all. They are generally, heavy men’s styles, and are often stamped 18K or 750. Some have had a stamp that says Italy but we have not seen one with a manufacturer’s hallmark.
For the last post of this silver series I would like to briefly discuss silver bullion, as well as provide you with a case study to further examine silver coins (currency). As a refiner we have many customers that want their settlement returned in bullion, so it is natural for us to know about this subject, but we like to consult our coin dealer customers for further expertise. If you are a jeweler, precious metal aggregator or pawn broker, I suggest networking with a reputable coin dealer, which can be very profitable for both of you.
In this blog I would like to help you avoid a few common silver scrapbuying mistakes. The most common mistake my customers make is the purchase of silver plate material as sterling. This can be a costly mistake especially when you purchase a group of items such as a flatware set or a single purchase of a platter or tea set. First let’s look at the multitude of hallmark stamps that represent silver plate. I have often said that silver plate stamps are a little deceiving when they use the word silver in their name. The list below, of common silver plate hallmarks,does not represent all silver plate hallmark stamps but provides good examples of what you may encounter.
I have noticed that my precious metal scrap buying customers make the most purchasing mistakes with silver scrap. These mistakes are most likely due to the variety of different silver products and different silver jewelry and flatware manufacturing processes. When you look at all the different types of silver product and the different percentages of silver contained in them, it can seem like a daunting task to understand it all. My goal in these next three blogs is to cover much of the basics of silver scrap buying and point you towards great resources that can help educate you and help you grow your buying business.
“Buying Dental Scrap: Part 1” covered some of the most common precious and non-precious metals that are used in the dental industry. This week, I’d like to get more into how to skillfully purchase the precious metals and protect your profit margin.
I often get the following questions in regards to dental scrap: Why are there so many different shades and colors to the dental scrap that comes in? How do I buy dental scrap correctly? Do all crown and bridge material contain gold? These are great questions and expose the reality that buying dental scrap can be tricky.
On Thursday, September 12th twelve chapters of the Women’s Jewelry Association gathered in different places around the country to celebrate “Jewelry Night Out.” According to an article in JCK magazine “Jewelry Night Out” was inspired by the 2009 fashion week “Fashion Night Out”. WJA created “Jewelry Night Out” to celebrate their 30th anniversary, conduct a membership drive, and build awareness about the organization.
As a professional business woman I have learned that industry associations are a great way to network, and more importantly, to keep up on the latest and greatest in your field. As a marketing professional new to the jewelry industry these associations have helped me to learn the jewelry industry and better supply solutions to our customers. There are many virtual groups on LinkedIn, Facebook, and other social media sites aimed at connecting and building relationships with peers in your industry. The Women’s Jewelry Associationis just one organization that has embraced this new type of relationship building. Because of this shift you can learn from a jewelry store owner on the other side of the country or find unique jewelry pieces or quality supplies for your store. Associations, both virtual and in person, gather these resources for you, which makes it easier for you to do business. Stebgo agrees with staying involved with associations throughout our industry which is why we like to feature associations in our weekly blog.
When testing for Platinum (PT), a simple test you can do is the heat test utilizing your jeweler’s torch or portable butane torch. All the tools used in this test can be found in your simple testing tool kit outlined in our August 13th blog. The first step in verifying if a piece is Platinum is to look for the stamp. Most Platinum will be stamped with PT, PLAT, PT900 or PT950. The most common percentage is 90% Platinum with a 10% platinum family alloy like Iridium or Ruthenium. The 95% Platinum mix usually has cobalt as the 5% alloy. In the case that your customer wants the precious metal piece back or you want to resell the item, be sure to either take out or protect any stones you may have that could be damaged by the heat. The purpose of the heat test is to see if the piece will remain blackened or discolored (oxidized) after heat is applied and the item has cooled off. Platinum will not oxidize at any temperature; it will simply return to its original look and state. If you are able to, file into the piece in question to get through any Rhodium plating that may be present (See Fig 1).