Northeast Precious Metals: Unique Highlights Overview
Northeast Precious Metals, established in 2007 and located at 363 Franklin Street in Worcester, Massachusetts, is a family-owned business specializing in the buying, selling, and refining of precious metals.
With over 60 years of combined experience, the company has built a reputation for providing top-tier services to both individual clients and industrial partners.
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Comprehensive Services
The company offers a wide array of services, including:
- Precious Metal Purchasing: Northeast Precious Metals buys various forms of gold, silver, platinum, and palladium, including jewelry, coins, bullion, and dental gold.
- E-Scrap Recycling: They specialize in recycling electronic scrap, extracting valuable metals from items such as printed circuit boards, integrated circuits, and other electronic components.
- Catalytic Converter Recycling: The company processes catalytic converters to recover precious metals like platinum, palladium, and rhodium, serving both individual sellers and automotive industries.
Transparent and Competitive Pricing
Northeast Precious Metals is committed to offering the highest payouts for scrap gold and silver, ensuring clients receive fair market value for their items. Their pricing is competitive both locally and online, reflecting current market conditions.
Customer-Centric Approach
As a local, family-owned business, they emphasize personalized service and community engagement. The staff provides free consultations without any obligation to sell, allowing clients to make informed decisions.
Amenities such as complimentary Wi-Fi, water, and parking enhance the customer experience.
Accreditations and Reputation
Northeast Precious Metals has been accredited by the Better Business Bureau since August 20, 2015, and holds an A+ rating, reflecting their commitment to ethical business practices and customer satisfaction.
Environmental Responsibility
The company operates an EPA-certified gold stripping and recovery operation, highlighting their dedication to environmentally responsible recycling practices.
Northeast Precious Metals stands out for its comprehensive services, transparent pricing, and customer-focused approach.
Whether dealing with individual clients or industrial partners, their expertise and commitment to ethical practices make them a trusted name in the precious metals industry in Worcester and the surrounding areas.
Have you been to Northeast Precious Metals? Let us know in the comments!
What is the Northeast Precious Metals?
Northeast Precious Metals is a family-owned and operated business located in Worcester, Massachusetts, specializing in the buying, selling, and refining of precious metals.
Established in 2007, the company has over 60 years of combined experience in the precious metals and recycling industry, making it a trusted name in the region.
With a strong focus on transparency, customer service, and environmental responsibility, Northeast Precious Metals provides a wide range of services to both individuals and industrial partners.
Core Services
Northeast Precious Metals offers a comprehensive array of services designed to cater to various needs, including:
- Precious Metal Purchasing: The company buys gold, silver, platinum, and palladium in various forms, such as jewelry, coins, bullion, and even dental gold. Their pricing is competitive and based on current market rates.
- E-Scrap Recycling: They specialize in the recovery of precious metals from electronic scrap, including printed circuit boards, integrated circuits, and other components.
- Catalytic Converter Recycling: The business processes catalytic converters to extract valuable metals like platinum, palladium, and rhodium. This service is widely used by individuals and industries involved in automotive repair and recycling.
- Refining and Gold Stripping: Northeast Precious Metals operates an EPA-certified gold stripping and recovery operation, ensuring responsible recycling practices and environmental compliance.
Commitment to Transparency
One of the hallmarks of Northeast Precious Metals is their dedication to offering transparent and fair pricing. The company provides competitive payouts for scrap gold and silver, ensuring that customers receive accurate valuations for their items. Free consultations are available with no obligation to sell, allowing clients to make informed decisions.
Customer-Centric Approach
As a family-run business, Northeast Precious Metals places a strong emphasis on building lasting relationships with its clients.
Their staff is known for being friendly, knowledgeable, and approachable, guiding customers through every step of the buying or selling process. Amenities like complimentary Wi-Fi, water, and parking enhance the overall experience for visitors.
Accreditation and Reputation
Northeast Precious Metals has been accredited by the Better Business Bureau (BBB) since 2015 and holds an A+ rating, reflecting its commitment to ethical business practices and customer satisfaction.
The company has earned a strong reputation in Worcester and surrounding areas, with clients frequently praising their professionalism and fair dealings.
Environmental Responsibility
The company takes environmental responsibility seriously, particularly in its recycling operations. By adhering to EPA standards and employing environmentally friendly methods in its gold stripping and recovery processes, Northeast Precious Metals demonstrates its commitment to sustainability.
Thus, Northeast Precious Metals is a versatile and trusted business that serves a wide range of clientele, from individual sellers and collectors to industrial partners.
Their expertise in precious metals, combined with a customer-first approach and dedication to ethical practices, has solidified their standing as a leader in the industry.
Whether you are looking to sell scrap gold, recycle electronics, or purchase bullion, Northeast Precious Metals offers a reliable and transparent service that caters to your needs.
Who are the People Behind Northeast Precious Metals?
Northeast Precious Metals, established in 2007 and located in Worcester, Massachusetts, is a family-owned and operated business specializing in the buying, selling, and refining of precious metals.
The company is co-owned by Mr. Luke Jorjorian and Mr. John Jorjorian, who collectively bring over 60 years of combined experience in the precious metals and recycling industry.
As co-owners, Luke and John Jorjorian are instrumental in overseeing the company’s operations, ensuring that Northeast Precious Metals maintains its commitment to transparency, customer service, and fair pricing.
Their extensive experience allows them to provide expert guidance and personalized services to a diverse clientele, including individual sellers, collectors, and industrial partners.
Under their leadership, the company offers a comprehensive range of services, such as purchasing gold, silver, platinum, and palladium in various forms—including jewelry, coins, bullion, and electronic scrap.
They also specialize in recycling electronic waste and catalytic converters, extracting valuable metals while adhering to environmental regulations.
The Jorjorians’ dedication to ethical business practices is reflected in Northeast Precious Metals’ A+ rating from the Better Business Bureau, an accreditation the company has maintained since 2015.
Their focus on building lasting relationships within the community has solidified the company’s reputation as a trusted and reliable partner in the precious metals industry.
In summary, Northeast Precious Metals thrives under the experienced leadership of Luke and John Jorjorian, whose combined expertise and commitment to excellence have established the company as a reputable and customer-focused business in Worcester and the surrounding areas.
Does Northeast Precious Metals Offer IRA Services?
Northeast Precious Metals, established in 2007 and located in Worcester, Massachusetts, specializes in the buying, selling, and refining of precious metals.
Their services encompass purchasing gold, silver, platinum, and palladium in various forms, including jewelry, coins, bullion, and electronic scrap. They also offer recycling services for electronic waste and catalytic converters.
However, there is no explicit information indicating that Northeast Precious Metals offers Individual Retirement Account (IRA) services.
Precious Metals IRAs require specific custodial and storage arrangements to comply with IRS regulations, typically involving collaboration with financial institutions and approved depositories.
Given the absence of any mention of IRA services on their official website, it is unlikely that they provide such offerings.
For individuals interested in incorporating physical precious metals into their retirement portfolios, it is advisable to consult with financial advisors or firms that specialize in Precious Metals IRAs.
These specialists can guide you through the process of setting up a self-directed IRA, selecting appropriate IRS-approved metals, and ensuring compliance with all regulatory requirements.
In summary, while Northeast Precious Metals offers a range of services related to precious metals, they do not appear to provide IRA services.
Prospective investors should seek out qualified custodians or financial institutions that specialize in Precious Metals IRAs to explore this investment avenue.
What Products Can You Purchase at Northeast Precious Metals?
Northeast Precious Metals, based in Worcester, Massachusetts, offers a diverse range of products to meet the needs of collectors, investors, and businesses alike.
With over 60 years of combined experience, the company specializes in buying, selling, and refining precious metals while adhering to transparent and ethical practices. Here’s an overview of the products available at Northeast Precious Metals:
1. Precious Metal Bullion
Northeast Precious Metals provides a variety of bullion products for investors seeking tangible assets to diversify their portfolios or hedge against inflation. Their offerings include:
- Gold Bullion: Coins, rounds, and bars in various weights and purities.
- Silver Bullion: A popular choice for affordability and investment versatility, available in coins, bars, and rounds.
- Platinum and Palladium Bullion: Ideal for investors looking to expand beyond traditional gold and silver holdings.
2. Rare and Collectible Coins
For numismatists, Northeast Precious Metals offers a curated selection of rare and collectible coins. These coins often carry historical significance and are valued for their rarity and condition. Examples include:
- United States Coins: Collectible coins from various eras.
- Foreign Coins: Unique coins from around the world for international collectors.
- 90% Junk Silver Coins: Pre-1965 U.S. coins, which are popular for their silver content.
3. Scrap Precious Metals
Northeast Precious Metals specializes in purchasing and selling scrap metals, catering to those looking to recycle or repurpose their unwanted items. These include:
- Gold Scrap: Jewelry, dental gold, and other scrap items containing gold.
- Silver Scrap: Sterling silver items, flatware, and other silver pieces.
- Industrial Scrap: Materials containing platinum, palladium, and other valuable metals.
4. E-Scrap (Electronic Scrap)
The company is a leader in recycling electronic scrap and extracting precious metals from discarded electronics. Items processed include:
- Printed Circuit Boards (PCBs): Recycled for their valuable metal content.
- Integrated Circuits and CPUs: Sources of recoverable gold and other precious metals.
- Miscellaneous Electronics: Including connectors, relays, and other components.
5. Catalytic Converters
For the automotive and recycling industries, Northeast Precious Metals provides catalytic converter processing services to recover valuable metals such as platinum, palladium, and rhodium. This product line is essential for businesses seeking to recycle these highly valuable materials.
6. Miscellaneous Products
The company occasionally offers other precious metal-related items, such as:
- Metal Rounds and Ingots: Decorative or artistic pieces made from precious metals.
- Custom Alloys: Metals tailored to industrial or specific use cases.
Northeast Precious Metals is a versatile provider of precious metals and related products, catering to a diverse clientele. From investment-grade bullion and rare coins to scrap metal recycling and e-scrap recovery, the company’s offerings are designed to meet the needs of both individuals and industries.
With its commitment to transparency, quality, and customer service, Northeast Precious Metals continues to be a trusted resource in the precious metals market.
Northeast Precious Metals Fees and Pricing:
Northeast Precious Metals, located in Worcester, Massachusetts, specializes in buying, selling, and refining precious metals. Their fees and pricing structure is designed to reflect transparency, competitive market rates, and a commitment to customer satisfaction.
Whether dealing with bullion, scrap metals, or electronic recycling, their pricing approach ensures fair value for clients. Below is a detailed overview of their fees and pricing practices:
1. Precious Metal Purchasing
- Bullion: Pricing for gold, silver, platinum, and palladium bullion is based on live market rates, commonly referred to as the “spot price.” The company ensures customers receive competitive payouts when selling bullion and fair prices when purchasing.
- Scrap Metals: Northeast Precious Metals offers top payouts for scrap gold, silver, and other precious metals, including jewelry and dental gold. Pricing is determined by the weight, purity, and current market value of the metal.
- Catalytic Converters: The company pays competitive rates for catalytic converters based on the recoverable amount of platinum, palladium, and rhodium. Their expertise ensures accurate evaluations and fair compensation.
2. Refining and Recycling Fees
Northeast Precious Metals provides refining services for scrap metal and electronic waste. Fees for these services are typically deducted from the final payout and depend on:
- Type of Material: Materials such as gold-bearing electronics or scrap metal may have different processing costs.
- Volume and Purity: Larger quantities or higher-purity materials may result in lower refining fees due to economies of scale.
- Recovery Process: Fees may vary based on the complexity of the refining process, especially for items like electronic scrap or catalytic converters.
3. E-Scrap (Electronic Scrap) Recycling
The company recycles electronic waste, including printed circuit boards, CPUs, and integrated circuits. Pricing for e-scrap is based on the recoverable precious metal content and current market conditions. Customers are encouraged to provide details about their materials for a more accurate quote.
4. Shipping and Handling Fees
For transactions involving shipping, fees may apply depending on the weight, value, and destination of the shipment.
Northeast Precious Metals emphasizes secure packaging and insured shipping to ensure the safety of valuable items. Customers are encouraged to discuss shipping arrangements and costs in advance.
5. No Hidden Fees
Northeast Precious Metals prides itself on transparency, ensuring that all fees are communicated upfront. Customers can expect no hidden charges, and the quotes provided are detailed and easy to understand.
6. Payment Options and Timeliness
The company offers flexible payment options for transactions, including checks or direct deposits for payouts. Payments are processed quickly to ensure customer satisfaction.
Thus, Northeast Precious Metals’ fees and pricing structure reflect their dedication to transparency, competitive payouts, and high-quality service. Whether you are selling bullion, recycling e-scrap, or refining scrap metals, the company provides clear and fair pricing based on market conditions.
Their commitment to honesty and customer satisfaction has earned them a reputation as a trusted partner in the precious metals industry. Customers are encouraged to contact Northeast Precious Metals directly for detailed quotes and to learn more about the costs associated with their specific needs.
What Do Northeast Precious Metals Reviews Say?
#1. In search of some bargains, I discovered great service and competitive prices here. I’m thrilled to be doing all of my future business with this dealer of precious and junk metals.
#2. Going rate for scrap gold, without a doubt. The owner is a highly knowledgeable and kind family man. courteously treated and hassle-free in and out. Directions in and out were really simple!
#3. In just a few minutes, you can leave with a check and bring real gold. Professional and prompt service. I got top dollar when I brought in an old chain to sell. I appreciate Luke and NPM purchasing my business and helping me establish the foundation for it. Luke helped me get it all started, and I’ll remember it when I’m old and wise!
#4. Luke gave me more for my silver than everyone else offered, so I knew this was the place to go if I wanted to buy or sell silver. For ALL of your needs with silver, gold, and scrap metals, I heartily recommend Northeast Precious Metals. You won’t be disappointed if you go elsewhere, and I’ll be back soon.
Why aren’t There Many Northeast Precious Metals Complaints?
Northeast Precious Metals, based in Worcester, Massachusetts, has established itself as a trusted name in the precious metals and recycling industry, with a reputation for excellent customer service, transparency, and competitive pricing.
The lack of significant complaints about the company reflects its commitment to ethical business practices and customer satisfaction. Here are the key reasons why Northeast Precious Metals receives so few complaints:
1. Transparent Pricing
One of the main reasons customers are satisfied with Northeast Precious Metals is their transparent and competitive pricing. The company bases its payouts and prices for gold, silver, platinum, and palladium on live market rates, ensuring that customers receive fair value for their items.
Whether selling bullion, scrap metals, or electronic waste, clients are provided with clear and detailed quotes upfront, eliminating the potential for disputes or misunderstandings.
2. High-Quality Customer Service
Northeast Precious Metals emphasizes a customer-centric approach. Their knowledgeable and approachable staff are committed to answering questions, explaining processes, and guiding customers through transactions.
They take the time to educate clients about the value of their items and the pricing structure, which fosters trust and reduces the likelihood of dissatisfaction.
3. Fair and Accurate Evaluations
The company’s expertise in precious metals and recycling ensures that customers receive fair and accurate evaluations for their items.
They use precise methods to assess the purity, weight, and recoverable value of metals, whether in the form of bullion, jewelry, or electronic scrap. This attention to detail minimizes the risk of errors and builds confidence among clients.
4. Commitment to Transparency
Northeast Precious Metals is known for their upfront and honest business practices. They clearly communicate any fees associated with refining or recycling, and there are no hidden charges. Customers appreciate this transparency, as it allows them to make informed decisions without feeling misled or pressured.
5. Reliable Shipping and Secure Transactions
For customers who cannot visit their Worcester location, Northeast Precious Metals offers secure and insured shipping options.
They take great care in packaging and transporting valuable items, ensuring that they reach their destination safely. This level of reliability reduces the risk of complaints related to lost or damaged goods.
6. Strong Reputation and BBB Accreditation
Northeast Precious Metals has been accredited by the Better Business Bureau (BBB) since 2015 and holds an A+ rating. This accreditation reflects their adherence to high ethical standards and commitment to resolving any potential issues promptly and professionally. Their strong reputation in the industry further reinforces customer confidence.
7. Environmental Responsibility
The company’s dedication to environmentally friendly practices, such as recycling e-scrap and adhering to EPA standards for gold stripping and refining, appeals to customers who value sustainability. This responsible approach strengthens their credibility and trustworthiness.
The absence of significant complaints about Northeast Precious Metals can be attributed to their focus on transparency, customer service, and ethical practices.
By providing competitive pricing, fair evaluations, and a commitment to quality, the company has built a loyal customer base and a positive reputation in the industry. Their proactive approach to addressing customer needs ensures satisfaction, making complaints a rarity.
Are There Any Northeast Precious Metals Lawsuits?
As of January 2025, there are no publicly available records indicating that Northeast Precious Metals, a family-owned business based in Worcester, Massachusetts, has been involved in any lawsuits.
The company has maintained a strong reputation for transparency, fair pricing, and ethical business practices since its establishment in 2007.
Their A+ rating with the Better Business Bureau (BBB) and positive customer feedback reflect their commitment to customer satisfaction and high-quality service.
Northeast Precious Metals specializes in buying, selling, and refining precious metals such as gold, silver, platinum, and palladium, as well as recycling electronic scrap and catalytic converters.
Their dedication to clear communication, accurate evaluations, and environmentally responsible practices likely contributes to the absence of legal disputes.
By fostering trust and offering a customer-centric approach, Northeast Precious Metals has established itself as a reliable and reputable business in the precious metals industry.
Can You Trust Northeast Precious Metals? Is Northeast Precious Metals Legit?
Yes,
They are reputable gold dealers with vast experience.
Before working with a precious metals company, do your research.
Here are some tips to ensure a gold IRA company’s legality:
Tip #1: Check Their Regulatory Compliance and Accreditation
Check for proper licensing and registration with relevant financial regulatory bodies such as the Securities and Exchange Commission (SEC) or Financial Industry Regulatory Authority (FINRA).
Verify the company’s accreditation with industry organizations like the Professional Coin Grading Service (PCGS) or the Numismatic Guaranty Corporation (NGC).
It will help you check how credible they are.
Tip #2: Look into The Company’s Background
- Research the company’s history, including years in business and any name changes.
- Examine the Better Business Bureau (BBB) rating and accreditation status.
- Review customer feedback on reputable third-party review sites like Trustpilot or Consumer Affairs.
Tip #3: Does the Company Offer Good Resources?
- Assess the clarity of information provided about fees, storage options, and buyback policies.
- Evaluate the quality and depth of educational resources offered to investors.
- Verify that the company provides clear information about IRS regulations regarding precious metals IRAs.
Tip #4: What are Their Product Offerings and Pricing?
- Ensure the company offers IRS-approved precious metals for IRA investments.
- Compare pricing with other reputable dealers to ensure competitiveness.
- Be wary of companies pushing numismatic or collectible coins over bullion for IRA investments.
Tip #5: Confirm the Storage and Custodian Partnerships
Verify that the company works with IRS-approved custodians and secure storage facilities. According to IRS’ regulations, you cannot store your gold IRA’s precious metals at your home.
You’ll need a certified third-party storage provider.
Check the company’s storage and custodian partner to ensure you’re working with a reliable firm. Moreover, ensure they offer segregated storage options for your precious metals.
Segregated storage means your owned precious metals products will be stored separately from other investors’ possessions. Similarly, non-segregated storage means your products will be stored along with others.
Keep in mind that storage providers charge extra for segregated storage.
Some popular custodians include Equity Trust and Goldstar Trust.
Red Flags to Watch For in Gold IRA Companies
- Promises of guaranteed returns or claims of “secret” investment strategies.
- Pressure to act immediately or make large investments without proper consideration.
- Lack of physical address or unclear company ownership structure.
- Unwillingness to provide detailed information about fees or policies in writing.
By thoroughly evaluating these aspects, investors can make an informed decision about the legitimacy and reliability of a gold IRA company. It’s crucial to conduct due diligence and, if necessary, consult with a financial advisor before making any investment decisions.
Northeast Precious Metals Review Summary:
Northeast Precious Metals, based in Worcester, Massachusetts, is a family-owned business that has been serving customers since 2007.
Specializing in the buying, selling, and refining of precious metals, the company has built a solid reputation for transparency, professionalism, and customer satisfaction.
With over 60 years of combined experience in the precious metals and recycling industries, the team at Northeast Precious Metals has established itself as a trusted name in the community and beyond.
The company’s primary focus is on providing a diverse range of services and products. Customers can sell gold, silver, platinum, and palladium in various forms, including jewelry, bullion, coins, and scrap metals.
Their expertise also extends to industrial recycling, including e-scrap (electronic scrap) and catalytic converters, allowing them to extract valuable metals like gold, silver, platinum, palladium, and rhodium.
This comprehensive approach caters to a wide array of clients, from individual sellers and collectors to businesses in need of recycling services.
One of Northeast Precious Metals’ most significant strengths is its transparent pricing. The company bases its payouts for precious metals on live market rates, ensuring fair and competitive value for customers.
Whether dealing with bullion, jewelry, or electronic scrap, clients are provided with detailed evaluations and upfront quotes. This commitment to clarity and honesty eliminates any ambiguity and fosters a sense of trust among customers.
For those recycling e-scrap or catalytic converters, the company uses precise recovery methods to ensure accurate payouts based on the recoverable metal content.
Customer service is a cornerstone of Northeast Precious Metals’ operations. The staff is known for being approachable, knowledgeable, and willing to educate customers about the value and refining process of their items.
Free consultations with no obligation to sell are available, allowing clients to make informed decisions. This customer-first approach, combined with their expertise, has garnered widespread positive feedback and minimal complaints.
Their commitment to secure and insured shipping for remote transactions further enhances customer confidence, ensuring that valuable items are handled with care.
The company’s dedication to ethical practices and environmental responsibility also sets it apart. Northeast Precious Metals operates an EPA-certified gold stripping and recovery process, reflecting their commitment to sustainability.
By adhering to environmental regulations, the company not only protects the planet but also appeals to environmentally conscious customers.
Accredited by the Better Business Bureau (BBB) since 2015, Northeast Precious Metals holds an A+ rating, a testament to their adherence to high standards of business ethics and customer satisfaction.
This accreditation, combined with their strong reputation in the industry, underscores their reliability and trustworthiness.
In summary, Northeast Precious Metals excels in providing transparent, professional, and customer-focused services in the precious metals industry.
Their comprehensive offerings, from buying and selling bullion to industrial recycling, make them a one-stop shop for diverse needs.
With a focus on ethical practices, environmental responsibility, and a customer-first mindset, Northeast Precious Metals has earned its place as a trusted leader in the industry.
