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June 23rd, 2009More Tier residents cashing in on gold

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by My-Ly Nguyen

Shannon Martinez turned a plastic sandwich bag stuffed with jewelry – some of it gold – into about $100 in a matter of minutes.

The exchange occurred at the new Antiques Unlimited kiosk near Eddie Bauer in the Oakdale Mall in Johnson City. Manager Wayne Evans inspected her goods, weighing each item and using visual, acid and other tests to determine their worth, while some curious mall shoppers watched. He gave back the less valuable baubles, selecting only the items that proved to have gold, silver or platinum.

At cash-for-gold shops in the Binghamton area, people like Martinez are giving up their unwanted jewelry – broken or intact – for some quick cash. Many customers are ridding their jewelry boxes of unwanted and unworn items, especially now that gold is priced high at more than $900 an ounce. Others simply need the money during this recession.

“When my grandmother passed away, she just had drawers and drawers of jewelry,” said Martinez, 39, of Apalachin. “This is just the stuff I’ve had time to go through.”

Low profits, but big business

America’s Attic on Harry L Drive in Johnson City has been buying people’s gold and silver since the business opened in 1981. America’s Attic also buys coins, furniture and other goods.

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