Obamaâ??s Bling from Saudi King Worth $25,000 Says â??Cash4Goldâ? Metals Dealer and Refiner
June 11, 2009POMPANO BEACH, Fla.–(BUSINESS WIRE)–As depicted in newswire photos, United States President Barack Obama has received the King Abdul Aziz Order of Merit from King Abdullah of Saudi Arabia.
Certified jewelers at Cash4Gold, America’s #1 gold buyer direct from the general public, have closely examined photographs of the gift. Assuming the necklace and medallion are crafted of solid 18K gold, the company estimates that the Order of Merit contains as much as $25,000 worth of gold.
Considering that the piece confers Saudi Arabia’s highest honor on President Obama, and that it was bestowed personally by the King on the President as part of an historic and widely reported Presidential visit, the symbolic value of the piece most likely surpasses its melt value. Melt value is the value of the actual precious metal contained in an item and that a refinery can extract and recycle. Melt value does not account for the decorative, artistic, historic, or sentimental value of a given item.
Cash4Gold co-founder and Chief Executive Officer Jeff Aronson noted, “I do not expect that President Obama will mail his King Abdul Aziz Order of Merit to Cash4Gold, but if the Obamas, or if any other Americans want to tap the value of old or broken gold jewelry lying around the house, now would be a great time to send it in to Cash4Gold.”
Upon receiving the Order of Merit, President Obama reportedly exclaimed, “Goodness gracious. That’s something there.”
Cash4Gold is currently running a Gold Rush promotion which offers customers an additional 20% payout for items submitted to the company before July 4, 2009. Cash4Gold’s Gold Rush campaign has been widely advertised on television, and is the focal point of the industry-leading company’s mission to buy $100 million worth of gold before the long Independence Day holiday weekend.
Cash4Gold is the #1 American buyer of precious metals including gold, silver and platinum from the general public, and one of the largest refiners of precious metals in the nation. Through an efficient and proprietary process, the company has revolutionized its industry with innovations in marketing, customer service, refining, and logistics. In 2001, Cash4Gold CEO Jeff Aronson founded Albar Precious Metals, a precious metals refinery in Chicago, IL. Then, in April of 2007, Aronson and Cash4Gold President Howard Mofshin co-founded the company known as Green Bullion Financial Services, LLC d/b/a Cash4Gold that now employs almost 300 people in its Florida headquarters. Cash4Gold is a fully-integrated company with front-end customer service and marketing operations, and a back-end refinery. Hundreds of thousands of satisfied customers have received millions of dollars from Cash4Gold since its inception. the Cash4Gold blog, or call 1-877-GOLD590 for more information.
