Buyers show sees guitars, jewelry — even a live grenade

Published 7:16 am Thursday, October 8, 2009

It is fine timing for a little spring cleaning, even though the seasons may not say it is so. Those looking to clean out their jewelry boxes, or get rid of some old broken things might want to do so soon.

The Ohio Valley Gold and Silver Refinery (OVGSR) and The International Collector’s Association are hosting a buying center at the Holiday Inn, 1701 Fourth St. N.W. They will evaluate and purchase items directly from the public through Saturday.

They are buying jewelry, guitars, watches, antiques, old money and war memorabilia among other things.

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At the sale Wednesday, a red Gibson guitar was purchased from an Austin resident for $3,000, said Matthew Enright, of the International Collector’s Association.

Last week, at a show the group held in Iowa, someone reportedly brought in a live grenade from World War II, he said. They had to call the fire department and the bomb squad to the scene before buying it from the woman.

“We see things like civil war swords, letters from presidents and old toys,” Enright said. “People like just coming in to see what their things are worth too,” he added.

OVGSR is a refinery based in Springfield, Ill. They buy gold, silver, platinum and palladium.

The event is happening as gold prices rise to an all-time high this week. The price of gold reached $1,043.77 an ounce Tuesday.

That is stock market value. Refineries like OVGSR, pawn shops and jewelers purchase the metal from the public at a much lower rate, typically dependent on the market price and the karat and gram weight of items.

Because buyers typically purchase used metals to melt it down, broken and unwearable jewelry is sellable. OVGSR buys dental gold too, according to a news release.

OVGSR will hold their event through Friday, 9 a.m. to 6 p.m., and Saturday, 9 a.m. to 4 p.m.

Bendixon Jewelry, 401 North Main St., and Stadheim Jewelers, 1402 18th Ave., also regularly purchase metals from the public during their business hours.