Get Higher Returns
All packages should have a letter or note stating the scrap weights. If you do not include weights of your materials and the package is damaged or your weights do not match ours, we have no way of knowing if there are discrepancies until the lot is settled and your material has been melted. Special instructions regarding the settlement options must be in writing, preferably on our REFINING CHAIN OF CUSTODY FORM (not written on the package). Due of the high cost of assaying, WE DO NOT ASSAY FOR ALL PRECIOUS METALS UNLESS REQUESTED. This includes platinum, so please tell us the specific metals you want assayed. Additional charges will apply.
Six Ways To Separate Your Scrap
- Gold scrap – karat scrap, jewelry scrap, filings & bench sweeps
- Silver scrap & filings
- Gold filled scrap, watch bands & optical scrap (Keep each item separated.)
- Floor sweeps, polishings, sink sludge, emery & filters
MAXIMIZE Your Returns
- Anything used in precious metals manufacturing should be turned in for refining with sweeps in a container. This includes store buffs, brushes, emery paper, etc.
- Include name, address and instructions.
- Include the weight of the scrap.
- State Assay Instructions (ie. Assay for Silver, Gold, Platinum, Palladium)
- Separate metals, not karats.
- Separating your scrap increases your bottom line by minimizing your refining charges.
- Separate magnetic from non-magnetic material.
- Treat it like the rest of your inventory, turn it at least twice a year.
- Know the basics of refining.
- Track the scrap in your shop.
- Promote the fact that you buy scrap.
- Send your scrap to a reputable refiner, not a middleman.
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.