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Manhattan Gold and Silver - Family Operated Since 1985 Member of National Pawnbrokers Association NYSA
Precious Metals Refining Blog

MGS Refining and the JVC

16. July 2010 08:33
The Jewelers Vigilance Committee (JVC) is an organization formed to provide self-regulation and education to those in the jewelry industry.  Members operate under the highest standards of business practice after pledging to comply with all laws applicable to the jewelry industry and make accurate representations about the products they sell. 
 
The JVC also offers tips for consumers, so they are aware of what to look for when choosing a reputable jeweler or they can get questions answered when they want to sell scrap gold.  This is especially important because the recent surge in gold prices has brought to the surface many illegitimate gold brokers who do not follow best business practices.  The JVC also allows customers to log a formal complaint about businesses that they feel are treating them unfairly.

As a gold buyer, Manhattan Gold & Silver is proud to be a part of the JVC.  It shows our customers that we care about the integrity of our business and that we adhere to the best business practices.  As a JVC member, we must follow the following standards:
  • Make reasonable efforts to educate self and staff as to the applicable current legal requirements.
  • Comply with all laws and regulations applicable to the jewelry industry.
  • Make accurate representations about the products you buy and the products you sell.
  • Communicate to business partners your commitment to compliance with the law
  • Resolve all customer complaints promptly and fairly. 
For more information, please contact Manhattan Gold & Silver or call us at 
212-398-1454.

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Gold Refining Services

13. January 2010 08:36
Gold refining services are essential to industries that use gold everyday. When gold is used in industry, there is scrap, dust and other parts of the gold that are not used.  With the price of gold rising steadily, it would be a huge waste of money, for these industries to let even the smallest amount of gold go to waste.

Over time when this scrap gold accumulates, industries need gold refining services.  Typically the gold dust or unusable gold is sent to a refining center where it is tested, weighed, melted and then turned into bricks. The company that sent the gold is then sent money for whatever the gold is worth.
 

At Manhattan Gold & Silver, gold refining services are our top priority. We use the best equipment and process to ensure that the pay-out to the client is as much as it can be.  Some of the processes we use include hand testing, melting and assaying.
Depending on how large the lot of gold is that is sent, determines which type of test we will conduct.  Smaller lots sent for gold refining services will be hand tested, while larger amounts will be melted and assayed to determine the purity of the precious metal.  After the gold is tested, it is melted and then turned into bricks.  Our Flickr account page has a few pictures of some of the steps involved in our gold refining services.  

For nearly 25 years, Manhattan Gold & Silver has been proud to be the trusted source of precious metal recycling services for jewelers, pawnbrokers, dentists and industrial users.