Jewelry acquirer plans to spend $200,000 in Ann Arbor this week
Planning to spend at least $200,000, a company called International Gold, Silver and Diamond Buyers is visiting Ann Arbor this week to purchase people’s old coins, broken necklaces, class rings and other items.
The company - which travels to hundreds of towns each year - will be stationed at the Courtyard Ann Arbor on Boardwalk Drive near Briarwood Mall from 9 a.m. to 6 p.m. on Dec. 13-16 and 9 a.m. to 4 p.m. on Dec. 17.
Courtesy photo
“Specialists review, research and evaluate the items and will make an offer to purchase all gold coins, silver coins made before 1965 and paper money printed prior to 1934,” according to a news release.
The value of other items depends on the silver or gold content, the collectability, the rarity and the condition.
If the offer is accepted, the International Gold, Silver and Diamond Buyers will write a check on the spot.
“Gold and silver are trading at record highs, and people everywhere are scrambling to cash in,” Ron Smith, the company’s spokesman, said in a release.
“Just a small handful of gold can add up to hundreds of dollars very quickly,” he continued. “I encourage everywhere to clean out their drawers, lock boxes, jewelry boxes and bring their items to our show.”
The jewelry buying push reflects a competitor to established local operations that do similar events, like Lewis Jewelers and Antelope Antiques & Coins.
Experts have cautioned consumers against selling jewelry without becoming first educated on the process and typical prices.
Lizzy Alfs is a business reporter for AnnArbor.com. Reach her at 734-623-2584 or email her at lizzyalfs@annarbor.com. Follow her on Twitter at http://twitter.com/lizzyalfs.
Comments
bunnyabbot
Tue, Dec 13, 2011 : 10:05 p.m.
Ricco's post is disingenuous as he is one of the owners of Gold Crown. Karl at Antelope Antiques gave my grandfather a better price for his gold than Gold Crown quoted, apparently a 92 year old man seemed an easy mark to take advantage of for the brothers at GC.
RD
Tue, Dec 13, 2011 : 9:02 p.m.
Gold Crown Jewelers on W Stadium Blvd buys Gold, Silver and Platinum. Two brothers born, raised, and doing business in Ann Arbor. I always shop around and always found Gold Crown Jewelers to pay the most. Thanks A2.com for leaving your litter on my law then promoting out of town businesses.
Steve
Thu, Dec 15, 2011 : 1:50 a.m.
Busted!!!!
bunnyabbot
Tue, Dec 13, 2011 : 11:38 p.m.
when you first posted this it was under Ricco, which is one of the owners of Gold Crown, you should say who you are when promoting your OWN business.
Steve Hendel
Tue, Dec 13, 2011 : 4:39 p.m.
Ms Alfs, you should be ashamed. This reads exactly like the paid ads which appear in the print and online editions of Annarbor.com.....except that PRESUMABLY the company did not pay for it.
walker101
Tue, Dec 13, 2011 : 2:42 p.m.
They make a 600% profit and now they want to buy back @ 5% to resell again@700% profit. Sounds good to me.
Thomas
Tue, Dec 13, 2011 : 1:51 p.m.
If you're looking to cash in gold and silver coins stop by Ann Arbor Stamp and Coin. I've done business with this guy and he pays just a few dollars under the current spot price.
bunnyabbot
Tue, Dec 13, 2011 : 5:32 a.m.
Lizzy, based on the other comments it looks like you were duped into churning out this "news" post. If you are not embarrased you should be. Please, stop cutting and pasting. Please also take this press release/advertising down off this site. If you don't I will assume this company paid an advertising fee. If that is how annarbor.com rolls please just put your fees for "news" stories out there so anyone who wants to spend the money can write an "article" and pay you to post it.
Ron Granger
Tue, Dec 13, 2011 : 3:46 a.m.
I have always wondered if these businesses were the perfect place for criminals to flip stolen goods. Especially the gold and silver places that tell you to send your goods to another state.
Rob T
Tue, Dec 13, 2011 : 1:42 a.m.
I have to agree, I don't think AnnArbor.com should have covered this event since there's not much of a story here. I would love to see coverage of more novel travelling merchants, such as the Chinese-language booksellers who periodically visit town to sell books in cities too small to support permanent storefronts.
Steve
Tue, Dec 13, 2011 : 1:16 a.m.
Could the writer please explain what a: "courtesy photo" (the credit under the photo) is? was it provided by the advertiser? What's going on here? Are your readers being played by advertising disguised as news?
Steve
Tue, Dec 13, 2011 : 12:40 a.m.
Getting pretty tired of these annarbor.com "advertorials"!!
Steve
Tue, Dec 13, 2011 : 12:42 a.m.
Wow! way to work hard by pulling an ad dressed as a press release off the wire. This electronic "newspaper" is growing tiresome.
genericreg
Tue, Dec 13, 2011 : 12:32 a.m.
>1,000 news article same language. <a href="http://tinyurl.com/cptkl8t" rel='nofollow'>http://tinyurl.com/cptkl8t</a> <a href="http://www.cknj.com/content/gold-silver-and-diamond-buyers-coming-campbellsville" rel='nofollow'>http://www.cknj.com/content/gold-silver-and-diamond-buyers-coming-campbellsville</a> <a href="http://bentonspiritnews.com/international-diamond-buyers-in-benton-harbor-sept-to-p4228-93.htm" rel='nofollow'>http://bentonspiritnews.com/international-diamond-buyers-in-benton-harbor-sept-to-p4228-93.htm</a> <a href="http://bangor.wcsh6.com/news/business/88984-international-diamond-buyers-host-special-event-bangor" rel='nofollow'>http://bangor.wcsh6.com/news/business/88984-international-diamond-buyers-host-special-event-bangor</a> <a href="http://www.thespringfieldpaper.com/database/life/entertainment/item/3260-international-diamond-buyers-to-host-special-event-in-springfield/3260-international-diamond-buyers-to-host-special-event-in-springfield" rel='nofollow'>http://www.thespringfieldpaper.com/database/life/entertainment/item/3260-international-diamond-buyers-to-host-special-event-in-springfield/3260-international-diamond-buyers-to-host-special-event-in-springfield</a> <a href="http://www.timesjournal.com/news/article_bd45ffb0-61ee-5d10-8d0e-bec7180c73b6.html" rel='nofollow'>http://www.timesjournal.com/news/article_bd45ffb0-61ee-5d10-8d0e-bec7180c73b6.html</a> <a href="http://www.daily-jeff.com/business/2011/10/30/diamond-and-precious-metal-buyers-to-host-special-event" rel='nofollow'>http://www.daily-jeff.com/business/2011/10/30/diamond-and-precious-metal-buyers-to-host-special-event</a>
Kai Petainen
Tue, Dec 13, 2011 : 2:47 a.m.
ha. i was about to post that stuff..... it just shows how news can regurgitate stuff, and how marketing can work for a business
genericreg
Tue, Dec 13, 2011 : 12:25 a.m.
"We hope to spend at least $200,000 while we are in town, purchasing people's old coin collections, vintage bank notes and scrap gold, silver and diamonds," said IGSDB spokesman Ron Smith. "It's been all over the news — gold and silver are trading at record highs — and people everywhere are scrambling to cash in." Traveling from small towns to large cities, the IGSDB hosts hundreds of events each year where local residents are encouraged to bring in their precious metals, diamonds and paper money to earn extra cash. While meeting one-on-one with each guest, the IGSDB specialists review, research and evaluate the items and will make an offer to purchase all gold coins, silver coins made before 1965 and paper money printed prior to 1934. The amount of the offer depends on the silver or gold content, the collectability, the rarity and the condition of the items. If the guest decides to accept the offer made, a check will be issued on the spot. <a href="http://www.leesvilledailyleader.com/features/x1088003207/International-Gold-Silver-and-Diamond-Buyers-to-stop-in-Leesville" rel='nofollow'>http://www.leesvilledailyleader.com/features/x1088003207/International-Gold-Silver-and-Diamond-Buyers-to-stop-in-Leesville</a>
genericreg
Tue, Dec 13, 2011 : 12:26 a.m.
<a href="http://www.tahoedailytribune.com/article/20110913/NEWS/110919977" rel='nofollow'>http://www.tahoedailytribune.com/article/20110913/NEWS/110919977</a>
genericreg
Tue, Dec 13, 2011 : 12:23 a.m.
Leesville, La. — The International Gold, Silver and Diamond Buyers (IGSDB) will be appearing from 9 a.m. to 6 p.m. on Dec. 13-16 and 9 a.m. to 4 p.m. on Dec. 17 at the Holiday Inn Express in Leesville. The IGSDB will be purchasing coins, paper currency, gold and silver on behalf of their global network of collectors, dealers and refineries. The event is free and open to the public. Members of the IGSDB will review, research and evaluate items and will make offers to purchase gold and silver coins made before 1965 and paper money printed prior to 1934. Other items will depend on the silver or gold content, the collectability, the rarity and the condition of the items. Checks will be issued on location for any items purchased. For more information on the event, contact the IGSDB corporate office at (217) 726-7590 or email matthew.enright@thrassociates.com. <a href="http://www.leesvilledailyleader.com/features/x1088003207/International-Gold-Silver-and-Diamond-Buyers-to-stop-in-Leesville" rel='nofollow'>http://www.leesvilledailyleader.com/features/x1088003207/International-Gold-Silver-and-Diamond-Buyers-to-stop-in-Leesville</a>
bunnyabbot
Mon, Dec 12, 2011 : 11:33 p.m.
I agree with another poster, this is not news, this an advertisement for a traveling "business" with no community ties. I recommend Antelope Antiques & Coins if you want to sell your gold or silver. Karl is very fair there and it is a local business. It is on Liberty between 4th and 5th across from the Federal Building in the lower level downstairs from Afternoon Delight. Buy from, do business with and support LOCAL business please :)
Kai Petainen
Mon, Dec 12, 2011 : 10:22 p.m.
<a href="http://www.bbb.org/us/Find-Business-Reviews/name/International+Gold+Silver+and+Diamond+Buyers/" rel='nofollow'>http://www.bbb.org/us/Find-Business-Reviews/name/International+Gold+Silver+and+Diamond+Buyers/</a> aka 'THR & Associates' Springfield, IL BBB Accreditation -- No. B+ rating more info <a href="http://www.bbb.org/central-illinois/business-reviews/antiques-dealers/thr-and-associates-in-springfield-il-9003863#reasonrating" rel='nofollow'>http://www.bbb.org/central-illinois/business-reviews/antiques-dealers/thr-and-associates-in-springfield-il-9003863#reasonrating</a>
Kai Petainen
Mon, Dec 12, 2011 : 10:33 p.m.
it's this: <a href="http://www.thrassociates.com/" rel='nofollow'>http://www.thrassociates.com/</a>
actionjackson
Mon, Dec 12, 2011 : 10:18 p.m.
Sure sounds like free advertising on A2.com? Can local businesses get this same deal?
tdw
Mon, Dec 12, 2011 : 9:54 p.m.
Not one to jump on the " local " bandwagon but there's plenty of places in the area that buys all that stuff.I bet they pay a better price
seldon
Mon, Dec 12, 2011 : 9:52 p.m.
Is this news, or an ad? I'm kind of okay with blurring the line when you're telling us about a local business, but I have to seriously question why you'd do it about someone who you yourself describe as a competitor to local companies/
grye
Mon, Dec 12, 2011 : 9:47 p.m.
I don't think this is a scam but I'm sure they will be paying pennies on the dollar for the gold. They are in this to make a profit. Some people may think this is wrong but the sellers will not be there with someone twisting their arms behind their backs. Times might be tough for some but there shouldn't be any govt oversight on the percentage a buyer must pay. This is a free market trade.
Atticus F.
Mon, Dec 12, 2011 : 9:55 p.m.
Offering people pennies on the dollar is a scam in my oppinion. And they certainly do have every right to offer people an unfair price for their valuables. But on the flip side people also have every right to call them out on unfair business practices...
djm12652
Mon, Dec 12, 2011 : 9:28 p.m.
at the rate these people "buy"....that $200K will go a long way...18 kt gold appraised for insurance is running about $100/gram...the sellers will be lucky to $25 a gram.
djm12652
Mon, Dec 12, 2011 : 9:30 p.m.
**to see $25/gram
Ben Connor Barrie
Mon, Dec 12, 2011 : 9:25 p.m.
Sounds like another CATS for gold scam. They are trading cats for jewelry right? I didn't just make that up.
Ben Connor Barrie
Mon, Dec 12, 2011 : 9:57 p.m.
<a href="http://www.catsforgold.com/" rel='nofollow'>http://www.catsforgold.com/</a>
Atticus F.
Mon, Dec 12, 2011 : 9:22 p.m.
Sounds like another 'cash for gold' scam.