In this episode of the What Sold podcast, Matt and Brandon discuss the intricacies of the precious metals industry. They delve into how pawn shops and refineries operate, the process of selling inherited or unwanted jewelry, and the potential profits involved. Matt shares his first-hand experience visiting a gold refinery and explains the importance of having a business license and a precious metals dealer permit. The discussion also touches on how specific pieces of jewelry can be more valuable when sold on platforms like eBay versus refineries. Additionally, the episode explores the realm of collectible items, highlighting a recent find of Lego mini figures that could yield significant profits. Listener notes include tips on dealing with quartz and manual wind watches, and insights into precious metal markings and values.

 

00:00 Welcome to the What Sold Podcast

 

02:09 Diving into Precious Metals

 

02:39 Understanding the Jewelry Resale Market

 

08:56 The Refinery Process Explained

 

19:56 Navigating Legalities and Business Opportunities

 

24:40 The Value of Precious Metals in Technology

 

25:15 Identifying and Profiting from Precious Metals in Jewelry

 

26:28 The Process and Profit of Refining Metals

 

29:05 Calculating the Worth of Gold Jewelry

 

30:51 Selling Jewelry: Refinery vs. eBay

 

39:55 Understanding the Value of Watches

 

45:01 Exploring the Market for Collectible Toys

 

46:58 Conclusion and Upcoming Topics

 

The What Sold Podcast Subreddit

 

#sellingpreciousmetals #preciousmetals #vintagetoys #vintagewatches #gold #silver #platinum #whatsoldpodcast #rustythereseller #whatsold #reselling #ebaystore

 

https://www.youtube.com/@RustyTheReseller

 

What Sold:

https://www.youtube.com/@whatsold

 

Postcard Planet:

https://www.youtube.com/@postcardplanet

 

What Sold Podcast:

https://www.youtube.com/channel/UCc513e2aPbloS20mTwuv8bA