MGS Refining Featured in Diamond District Monthly

For the last 25 years, Manhattan Gold and Silver has been known for its honesty and integrity. Recently, we were featured in the Diamond District Monthly newsletter.  Diamond District Monthly is regularly published by the 47th St. Business Improvement District. It covers the street, its people and businesses like no other publication.
Click on the issue you wish to see and enjoy your digital journey to New York’s premier shopping venue for diamonds and fine jewelry.
The article gives a brief history of our gold refining business, and focuses on how Mark Oistracher started the business that was eventually passed down to his two sons.  Today, Manhattan Gold and Silver still focuses on honesty, integrity and giving their customers the most for their gold.  Recently, Manhattan Gold and Silver announced that they would give up to 98% for hand tested gold.  Over the years they have also upgraded the technology in their location to make transactions more efficient for customers.  In many cases, people can have a payout in twenty minutes.
We encourage all to read the newsletter, as it gives great insights into the diamond industry.  For more information please contact Manhattan Gold and Silver.

MGS Refining and the JVC

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 

The Manhattan Gold & Silver Shipping Gold Process

Just because you don’t live in New York, doesn’t mean you can’t take advantage of Manhattan Gold & Silvers services.  We accept shipments of scrap gold and other precious metal by mail every day.  When located outside of driving distance to our facility, we make it a very simple and efficient process to ship your gold.  Something we have been doing for years.  The typical procedure works as follows.  
Step one is to establish an account with us; this requires basic customer information, company name, address, and etc.  Simply call and we will fax over customer forms.
We recommend putting a packing slip in the shipment, make note of your weight and any other special details.  When labeling your package, address it to:
Manhattan G & S
Ground Level
45 W 47th Street
New York, NY 10036
Once we receive your gold, it is then checked against the packing slip to verify the weights are correct.  The gold is then melted or hand tested depending on the customer’s preferences.  We also recommend getting set up with bank wires.  Typically the lot is settled on the same day and the funds are wired into your account.  This certainly speeds up cash flow so you can buy more gold.  For more information please visit or call us at 212-398-1454.