Since May et al. (2005) found a benefit in source memory for conceptual emotional sources in older adults, which was strong enough to eliminate the otherwise existent age-related source memory deficit, it is generally assumed that emotional source memory is spared from aging. To replicate their results, we conducted an online experiment, where 198 younger and 198 older adults were presented with food items left or right on the screen. The screen location (perceptual source) was either indicative of the serving temperature (conceptual nonemotional source) or food safety (conceptual emotional source). Participants were then either tested on the perceptual or conceptual source. This resulted in a 2 (age group: younger vs. older adults) x 2 (study: emotional vs. nonemotional) x 2 (test: perceptual vs. conceptual) between-subjects design. To check whether food safety was indeed perceived more emotional than food temperature, we implemented two additional groups, who rated each studied food item on valence and arousal. Ratings confirmed the emotionality of the source manipulation, but neither younger, nor older adults' source identification performance benefitted from the emotional conceptual sources, contradicting May et al.'s findings. Further surprisingly, older adults showed better source identification performance than younger adults. Additional analysis using multinomial processing tree modeling to control for guessing bias revealed a source memory benefit for the emotional study conditions in younger but not older adults. Thus, our findings rather contradict the idea that emotional source memory in particular is spared from aging.