07-23-2021 METAL MARKETS: Gold 1,799.60 | Silver 25.35 | Platinum 1,075.00 | Palladium 2,728.00 | Iridium 5,600.00 | Ruthenium 750.00


Finding Your Metal Scrap

Your precious metal scrap could literally be going down the drain or out the door. Below are a few areas where you can increase your profit margins by targeting waste in your shop. Identifying these areas is the first step towards maximizing the value of your return and ultimately increasing your bottom line.

Sink Trap

A sink trap can be purchased or made for very little cost. Purchase a 5-gallon or larger container that will fit under your sink. The trick is to extend the sink drain (inlet) below the tank drain (outlet) so that any precious metal pieces will settle to the bottom instead of floating across the top of the water and out into the sewer. Place the outlet towards the top of the tank so that there is little water movement in the bottom of the tank to allow settling. Clean the trap out at least twice a year to reduce offensive odors in the tank. Include the dried sludge with your sweeps to reduce refining costs. This inexpensive tank will be "worth its weight in gold" over the years.

Separate Metal

If possible, separate the metals in your shop; silver from gold, gold from platinum. This will allow us to purchase small amounts of different metals from you without incurring assay costs which will save you money.







Have two separate wastebaskets; one for regular trash and one for aprons, rags, floor sweeps and polishings. Jewelers should use baby wipes or wet paper towels to clean their hands before washing their hands in the sink. This practice will capture particles usually washed away into the sewer. You would be surprised at how many small particles go into the sewer otherwise. We can guarantee this practice will more than cover the cost of wet wipes.

Tip To Improve Your Return

Iron in your scrap may lower your return. Iron has a high melting temperature so it’s more difficult to melt and assay. It is best to remove any iron from your scrap with a magnet.


Sweeps BoxTake Advantage of this Offer!

Call us now at 1-800-759-9997 or email us at info@hooverandstrong.com to request a FREE heavy-duty sweeps box.

Our boxes can hold up to 30 gallons of sweeps and come with plastic liners to safely contain your material.

We will also send you a FREE and insured return shipping label.

FREE SHIPPING For Qualifiying Customers

If you live in the continental United States, you qualify for FREE FedEx 2Day® Shipping for refining of your clean gold, platinum and palladium scrap. (Free shipping does NOT apply to silver scrap)


  • Free FedEx 2Day® Shipping is limited to $25 per package.
  • The customer will incur charges for shipping charges over $25 per package and/or karat scrap sent that is less than 1oz.
  • Free FedEx 2Day® Shipping is insured for $15,000 per package.
  • In the event of loss, claims compensation is limited to 75% of customer estimated value.
  • If you estimate the value of your scrap at more than $15,000, please distribute it and send it in multiple packages.

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