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

Aug 17, 2009, 12:14 ET from Cash4Gold

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 Minnesota.


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