Cash4Gold Estimates PGA Championship Wanamaker Trophy Melt Value to be $5,500

Mon Aug 17, 2009 12:14pm EDT

* Reuters is not responsible for the content in this press release.

POMPANO BEACH, Fla., Aug. 17 /PRNewswire/ -- Cash4Gold, the world's #1 gold
buyer direct from the general public, has estimated the value of the precious
metal contained in the famed Wanamaker Trophy, which was presented Sunday to
PGA Championship winner Y.E. Yang.  Yang won the trophy in historic fashion,
overtaking Tiger Woods on the back nine at the Hazeltine National Golf Club in


Certified appraisers at Cash4Gold have estimated that the 27-pound sterling
silver Wanamaker Trophy contains roughly $5,500 worth of precious metals. 
This is the heaviest prize awarded at golf's four major championships - The
Masters, U.S. Open, British Open and PGA Championship.

The Wanamaker Trophy has developed a long sentimental history since its
donation to the inaugural PGA Championship in 1916.  The sentimental value it
holds for the winner likely outweighs the melt value.  Melt value is the
amount of actual precious metal contained in an item that a refinery such as
Cash4Gold can extract and recycle, and does not account for decorative,
artistic or historic value.

"Y.E. Yang played remarkably well this weekend, and we congratulate him on his
historic PGA Championship victory," said David Knight, Cash4Gold's Senior Vice
President for International Marketing and Expansion.  "We understand if Yang
doesn't send in the Wanamaker Trophy for its melt value. However, Cash4Gold is
a safe and easy option for anyone else looking to monetize any unwanted or
broken gold, silver, or platinum items."

Knight recently joined Cash4Gold's executive team, and has helped oversee the
company's launch in the U.K. and Canada during the past two months.

Golf fans and others interested in receiving cash for gold using the company's
100% satisfaction guaranteed service can request a pre-paid Refiner's Return
Pak at or via toll-free hotline at 1-877-GOLD-590.  

Recently, the company appraised the melt value for the Gold Cup trophy won by
Mexico's national soccer team at $17,200.

About Cash4Gold
Cash4Gold is the world's #1 buyer of precious metals including gold, silver
and platinum from the general public, and one of the largest refiners of
precious metals in the United States.  Through an efficient and proprietary
process, the company has revolutionized the mail-in refining industry, and 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.  Cash4Gold has warned customers that unauthorized businesses are
running cash for gold scams fraudulently using Cash4Gold's name and logo in
their marketing and storefronts/kiosks.  Cash4Gold reminds customers that the
company does not operate any stores, and that the only way to do business with
the real Cash4Gold is through the website or the toll-free
hotlines featured in the company's official advertisements.  To sell your
gold, visit or call 1-877-GOLD-590 for more
information, and don't forget to visit the Cash4Gold blog.

SOURCE  Cash4Gold

Ben Mann of Beck Media & Marketing, +1-310-689-7363,
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