The Top San Diego Gold Buyers – David Levi and Sons Jewelers
With the exception of the awards that were given out during World War II, when they were substituted for plaster to aid with the war effort and traded in for gold later, the actual amount of gold in the Academy Award statuettes is valued at less than 500 dollars. However, the coveted awards have reached such a high degree of prestige and represent such revered Hollywood status around the world that they are considered priceless and have been known to receive as much as six figures at auction.
The first statuettes were awarded by The Academy of Motion Picture of Arts and Sciences in May of 1929. They were presented at a private brunch served at the Hollywood Roosevelt Hotel with approximately 270 attendees paying 5 dollars a ticket. The 82nd Academy Award Ceremony was held in February of 2010 at the Kodak Theater in Los Angeles and broadcasted to an audience of approximately 41.3 million people.
Each statuette sits on a black metal base and is made of britannium plated in gold. It stands 13.5 inches tall and weighs 8.5 pounds. The award depicts an art deco knight holding a sword and standing on a film reel with five spokes. Each of the five spokes represents one of the original branches of the Academy: actors, writers, directors, producers, and technicians.
How the statuettes were nicknamed “Oscars” has been the subject of some speculation.
Some of the most popular rumors include:
- In 1929 Louis B. Mayer’s secretary likened the first statuette to King Oscar II and the name stuck.
- In 1931 employees of the Academy named the statuette after one of their uncles.
- In 1932 Walt Disney affectionately gave the statuette the pet name and thanked the academy for giving him an “Oscar”.
- In 1934 Time Magazine reported Bette Davis received a statuette and lovingly dubbed it “Oscar” as a tribute to her husband.
The Award was officially named “Oscar” by the Academy of Motion Pictures Arts and Sciences in 1939.
Although today anyone selling an Academy Award statuette to a jewelry dealer for its gold would be considered foolish, there are many instances when selling your gold to a buyer can be very profitable.
Not only is selling gold an effective way to make money, it is also one way of contributing to the recycling efforts trying to save our planet. However there are a few things to consider before taking your gold to a gold buyer.
Gold coins and bars are the simplest gold to sell. Selling your gold jewelry is harder because the quantity of pure gold needs to be established. This means that selling your gold coins and bars will most likely bring the current market price, while selling your gold jewelry may involve the processes of appraisal. This is why it is important to sell your gold to a reputable dealer.
Selling Gold Jewelry when gold prices are high means a dealer will usually pay market value. Getting the facts before selling to gold buyers is always a good idea. Understanding that when selling your gold jewelry you will usually only receive compensation for its gold content will make the transaction easier for both you and the gold buyer. The only exceptions to this rule are if your gold jewelry’s designer is famous or the pieces are valuable antiques.
Getting the full price for your gold means you have taken it to gold buyers or jewelry dealers who are reputable and will pay the full worth of the gold bars, gold coins or gold jewelry for sale.
David Levis & Sons are the premier gold buyers in San Diego and pay more than anyone else for your gold, silver, platinum, diamonds, jewelry, watches and coins. Contact us now to schedule an appointment or call us at (619) 238-9100.
