How to Choose a Trusted Precious Metal Buyer in Indiana

Precious metals are described as precious because that’s exactly what they are. They are rare, naturally-occurring metals that are high in economic value. Metals like gold, silver, and platinum are the most common types of precious metals seen on the market, but there are many more. Palladium, tungsten, cobalt, and rhodium are also widely bought and sold in various industries across the nation. If you have precious metals that you would like to cash in on while the market is still up, it is important that you find the right company to do business with. After all, you deserve the maximum payout for your precious metal commodities, whether jewelry, trophies, auto parts, or scrap metal.

Continue reading to learn how to choose a trusted precious metal buyer in Indiana, including which attributes to look for when selecting a professional scrapper to do business with.

Precious Metal Buyers Indianapolis Indiana 1-888-586-5322
Precious Metal Buyers Indianapolis Indiana 1-888-586-5322

What to Look For in a Precious Metal Buying Company

Your first step in selecting a trusted precious metal buyer in Indiana is to start looking for metal buying companies. Your best bet is word-of-mouth or online research, just like you’re doing right now. When perusing precious metal buying companies, the top attributes you want to look for are good reputation, transparency, instant payouts, expertise, and professionalism.

Good Reputation

A great way to learn about a company’s reputation within the community is to look at their online customer reviews. Additionally, find out how long they’ve been in business. A scrap metal buying company that has been in business for a long time is usually well-established and has long-term, good-standing relationships with clients and contemporaries. You can also check out their website and observe how they describe and present their company’s culture. All of these things will give you an idea of what to expect in terms of their ability to serve you as a customer.

Transparency and Honesty

You want to choose a precious metal buyer who is open, honest, and all around transparent in their dealings. Not only do you want to feel like they can confirm their estimates with verifiable market values that are current and up-to-date, but you also want to find a buyer who is willing to document their offers on paper. London fix prices are great way to verify the market value for your precious metals, however there are several resources you can use as well.

Instant Payouts

One of most important customer amenities that you should be offered as a client of a precious metals buyer is an instant payment. It is even better for precious metal dealers to offer their payment in cash. It is a sad truth that many metal buying companies will promise speedy payment, only to send a check in the mail that arrives months later, or not at all. Precious metals are high in value, making it critical that you get the fastest payment possible for your metals.

Expertise and Professionalism

Precious metals are high-value commodities, so you don’t want to sell them to just any buyer. In order to get the maximum payout for the value of your precious metals, it is important to choose a metal buyer who knows what they’re talking about. In addition to expertise and knowledge, it is important to choose a metal buying company that delivers the highest level of professionalism in the industry. This includes adhering to all local and state regulations regarding environmentally-responsible metal recycling and processing.

Still not sure where to get started with selling precious metals in Indiana? Skip the hassle of searching for the right company and go straight to the true professionals that all Hoosiers trust! Contact Garden City Iron & Metal at 1-888-586-5322 to speak with licensed precious metal buyers in Indianapolis, Indiana. We buy all new, used, scrapped, and junked metal and metal items!

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Do You Know What Makes Brass and Bronze Different From Each Other?

The Similarities and Differences of Noble and Precious Metals

Most people are familiar with precious metals, especially those who love jewelry or collect coins. However, many people have never heard the term, “noble” metals, which happen to be quite similar, but stand out as their own category of metal. Some people often confuse these two categories since most noble metals are also precious ones.

Continue reading to learn more about precious metals and noble metals, including their similarities and differences.

Precious Metal Buyers Indianapolis Indiana 1-888-586-5322
Precious Metal Buyers Indianapolis Indiana 1-888-586-5322

Precious Metals Versus Noble Metals

Precious Metals

“Precious” metals are rare, naturally-occurring elemental metals that have a high economic value. Throughout history, they were used as currency. Even today, there are still sold and traded as investments, as well as, among private buyers and sellers.

Common examples include gold, platinum, silver, zirconium, palladium, mercury, bismuth, beryllium, germanium, rhodium, cobalt, tungsten, iridium, and osmium. They are often used in jewelry and other ornamental décor since they are extremely corrosion-resistant and acid attack resistant. They are also used for investment purposes, currency, electronics, radiation shielding, thermal insulation, and more.

Noble Metals

Noble metals are a grouping of metals that resist oxidation and corrosion in moist or humid air. Common examples in order of increasing atomic number include ruthenium, rhodium, palladium, silver, osmium, iridium, platinum, and gold. However, there are multiple “lists” for noble metals, as some contain mercury while other may include rhenium. Some lists include gold, silver, and copper, but leave out all others.

Interestingly enough, not all metals that are resistant to corrosion and acid attacks are considered “noble.” For instance, titanium, niobium, and tantalum are all highly resistant to corrosion, yet they are not categorized as noble metals. Although chemists permit a relaxed definition of noble metals, physicists offer a more restrictive definition. According to the science of physics, noble metals are those that have filled electronic d-bands. If you adhere to this definition, only gold, silver and copper are considered noble.

How to Sell Precious Metal

If you have old jewelry, catalytic converters, coin collections, or other versions of valuable metal, you can sell these items to a scrap metal buyer and get paid cash on the spot. Gold, silver, and platinum are currently doing well in the scrap metal market, so take advantage of the current economy and sell your precious metal commodities while their value is still exponential.

Are you wondering which local metal recycling center is the best choice for your high-end, luxury metals? Just contact Garden City Iron & Metal at 1-888-586-5322 for the highest standards of professionalism, and the highest payouts for metal recycling in Indianapolis, Indiana.

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The Discerning Attributes of Ferrous and Non-Ferrous Metal
Types of Recyclable Precious Metal and Where to Find Them

What are PGM’s?

If you are new to the world of coin collecting, jewelry making, or any other field hobby that involves precious metals, you are likely to come across the acronym, “PGM”, at some point in time. Continue reading to learn what this industry abbreviation stands for, and what it has to do with precious metal profiting.

Platinum Metal Recycling

Platinum Metal Recycling 1-888-586-5322

Platinum Group Metals

The industry acronym, “PGM” stands for Platinum Group Metals. They are also known as platinum family, platinoids, platinum group elements (PGE’s), platinides, and platidises. Platinum Group Metals represent a set of 6 transitional metals that all share similar properties, and can be categorized as a subset of precious metals. Not only are these 6 transitional metals found all grouped together on the periodic table of elements (platinum is represented as Pt with an atomic number of 78), they are also commonly found co-existing together in minerals.

PGM LIST:

Rhodium (Rh)
Ruthenium (Ru)
Palladium (Pd)
Platinum (Pt)
Iridium (Ir)
Osmium (Os)

PGM PROPERTIES:

Resistant to Chemical Attacks
High Density
Catalytic Properties
Corrosion-Resistant
Stable Electrical Properties
Tarnish-Resistant

Attributes of Platinum

Platinum is dense, malleable, ductile, corrosive-resistant, and retains a very high melting point. These properties make platinum highly valuable in various industries all over the world. Platinum is used to make automotive parts, medical instruments, dental work, bullion, jewelry, and more. Even some cancer medications are formulated with platinum. Platinum is important to the metal industry since it retains higher economic value compared to other common precious metals like gold, palladium, and silver. In fact, the current market value for platinum metal is around $800 an ounce.

Anyone selling a used or busted catalytic converter can really expect a nice profit at a scrap metal yard. Anyone who owns platinum jewelry or currency can also assume their investment is sound. Although the current price for platinum is relatively strong, precious metal values are constantly changing and can drop or rise at any time. Contact a trusted Indianapolis scrap metal buyer for accurate information about current platinum prices, and how to sell your precious metals for cash on the spot.

Where to Recycle Precious Metal in Indianapolis

Garden City Iron and Metal 1-888-586-5322

Garden City Iron and Metal 1-888-586-5322

Call Garden City Iron & Metal at 1-888-586-5322 to sell precious metal and scrap metal commodities in Central and Southern Indiana. We pay cash on the spot for both ferrous and non-ferrous metals, including junk cars, automotive parts, appliances, construction equipment, motorized farming equipment, and more. Call 1-888-586-5322 to request a free estimate for your scrap metal, today.