Americans Cash In on Gold Heirlooms as Prices Hit Record Highs
Gold's meteoric rise has triggered a modern-day rush, with consumers scouring attics and jewelry boxes for forgotten heirlooms. Manhattan jewelers report doubling their gold purchases as families liquidate inherited pieces, broken items, and even ex-partner gifts. The precious metal's 100% surge over six months creates both opportunity and challenge—while sellers profit, designers struggle to MOVE new inventory at these elevated prices.
At Exclusive Jewelers in downtown Manhattan, co-owner David Iskhakov observes a parade of unconventional sellers: "They're coming in with their grandparents' stuff, inherited items, birthday presents gone wrong." Similar scenes unfold at Minnesota refineries like W.E. Mowrey, where coin dealers and individual holders increasingly frequent the counters.
