Do you know how to choose
Do you know how to choose

Do you know how to choose

Do you know how to choose the right partner to refine or recover

your scrap gold, silver, platinum or any other precious metal?

This is an important decision as it can have an impact on both

the size and the value of your return. Regardless of who you

ultimately choose to work with, the more information you have,

the better your overall business relationship will be. With that in mind,

we have come up with some questions you should always ask a precious metal refiner before starting working with them.

What technique do they use for refining or recovering precious metals?

As a manufacturer, you should be aware of the procedures used in

the refining and recovering processes as these may generate precious

metal scrap that you can recycle in your business. A very reliable method

is the phyrolysis, which solidifies noble-metalliferous metals, melting them to become cider and then pouring which finally separates the precious metals. With this method, various chemical gasses are introduced to the molten metal. Atoms of non-precious metal adhere to the gas and are carried away, leaving only the pure precious metal behind. Once other metals have been removed, the molten precious metal can then be cooled and shaped into a bar or weight.

How long will the refining process take?

Normally, the length of the refining process depends on the material being handled. High-grade materials like gold and silver can be processed much more quickly than low-grade sweeps or carpeting. The quicker the turnaround time, the sooner you will get paid. Beware of a refinery that offers “same day service”. They may ultimately be taking shortcuts that are not in your best financial interests.

How will you determine the value of my scrap precious metals?

To determine how much your scrap is worth, you will need to know the purity as well as the weight of the gold, silver, platinum or other precious metal contained in your scrap. A reputable refiner will always offer a free sampling and assay service to determine the value of your lot. To calculate an approximate value, you will also need to know which market / prices your refinery is basing their pay-outs on.

There are various methods to determine the value of precious metals contained in your scrap. Fire assay, also known as cupellation, is the standard method for gold and silver, internationally accepted by the precious metals industry. With a fire assay, the precious metals are separated from non-precious materials by fusion using a lead oxide-based flux. When performed properly by a skilled technician, a fire assay is accurate to 1 part in 10,000.