Cash4Gold Estimates Melt Value for Masters Trophy and Medallion

Cash4Gold today put out the following press release including the estimated melt value of the prizes handed out Sunday at the Masters golf tournament.


FOR IMMEDIATE RELEASE

Cash4Gold Estimates Melt Value for Masters Trophy and Medallion at $5,569

Pompano Beach, Fla. – April 12, 2010 – Cash4Gold (www.Cash4Gold.com), the trusted industry leader in mail-in gold buying, congratulates Phil Mickelson who outshot the competition at Augusta National Golf Club in Georgia to win the prestigious Masters golf tournament this weekend. Mickelson was awarded the legendary Green Jacket on Sunday, along with two additional prizes including a gold medallion and a sterling silver replica of the actual Masters trophy, which is permanently housed at Augusta National.

While most golf fans know that each year the winner receives the storied Green Jacket, they might not be aware of the other items awarded to the champion.

The gold medallion that Phil Mickelson earned has a diameter of 3.4 inches and weighs 2.3 ounces. The medallion features an image of the Founders Circle at the Augusta National clubhouse. If the medallion were made of 24 karat gold, the melt value of the item would be approximately $2,645 according to an evaluation done at Cash4Gold’s state-of-the-art headquarters. Melt value refers to the value of actual precious metals content included in an item. This does not account for the item’s craftsmanship or its artistic, historic, or sentimental value.

The 10-inch wide sterling silver trophy that the winner receives weighs 12 pounds. If the 12-pound trophy is made entirely of sterling silver, Cash4Gold estimates that the melt value of the trophy is roughly $2,924.

“Phil Mickelson played extremely well this weekend to capture the Masters title, outperforming the competition at Augusta National,” said Cash4Gold CEO Jeff Aronson. “We understand that Mickelson is not likely to send in his gold medallion and silver trophy to Cash4Gold. Nevertheless we encourage other Americans to send in non-sentimental and unwanted and broken gold and silver items for cash.”

Consumers interested in requesting a Jewelry Return Pack can do so by visiting www.Cash4Gold.com or by calling 1-877-GOLD-590. Cash4Gold operates its fast, easy and secure mail-in gold buying service in the U.S., Canada, the United Kingdom, Germany, Spain and the Netherlands.


About Cash4Gold
Cash4Gold is the world’s leading mail-in purchaser of gold, silver and platinum. Hundreds of thousands of satisfied customers have received millions of dollars from Cash4Gold since inception. For more information, connect with Cash4Gold on Facebook and Twitter.

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