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

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