Gold Recovery from a Gemstone Ring

posted on Thursday, February 6th, 2014 at 2:00 am

“I was recently given a gold gemstone ring and am looking to sell it. Is it possible for you to remove the gem and buy the gold? If so, how much can I expect to get from the ring or is it better to just sell the ring as is?”

Thanks, Shelly – Houston, Texas.

Hi Shelly,

First off thank you for your question. As a gold refining company, we do not remove gems or diamonds from jewelry as a standard. However, Arch is equipped for gold recovery after a gem has been removed, but we will need the rings weight in order to establish a proper estimate. Once we have that information, we use the following payout schedule to determine the amount of money you will receive in return for your gold jewelry.

  • 70% if customers send in less than 0.5 fine ounces.
  • 80% if customers send in less than 1 fine ounce.
  • 85% if customers send in less than 2 fine ounces.
  • 90% if customers send in more than 2 fine ounces.
  • More than 90%, based on frequency and volume of shipments.

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Another aspect we consider with gold recovery is the number of karats the jewelry is comprised of. Based on its karat, we can determine its purity and overall worth in order to give you a proper estimate for its value. For more information on Karat options, visit our website about gold jewelry. If you would like to get your ring appraised as is, we recommend contacting your local jeweler.

If you know the weight of the ring (without the gem) and the karat of the gold. Find the daily price of gold, and use our gold calculator to find the market value of the gold.

We find that in cases like class rings or old jewelry (but not considered an antique) the gold value can be worth more than the resale value of the ring as a whole. Our recommendation is to see if you can sell the gem as is once it is removed. Or even reusing the gem for a new piece is a common practice. If you think you have an antique or rare type of ring, get it appraised as is.

We appreciate your inquiry and hope this helps with determining the best option for your gold ring. Should you decide to sell us your gold, here is our packing slip.

Thank you!

*Images displayed are only a representation of the items described in this blog post and may not be true images of the items in question.

While we are happy to give estimates on precious metal items, we are NOT antiques dealers, researchers, or retail sellers. As a precious metal refiner, we only consider the weight and amount of precious metal available to extract during the smelting and refining process.





Troy Ounce Silver Price

posted on Thursday, January 30th, 2014 at 10:00 am

Question: “I have recently inherited a silver coin collection and the coins have “one troy ounce, .999 fine silver” written on the back of them. What does troy ounce mean, and how much can I expect to get from each of them?” – From Hayden in Portland, Oregon

Hi Hayden,

Troy-OunceThank you for sending us pictures of your troy ounce silver coins. Silver is unique in that, because it is a universal precious metal, there is a standardized measuring method that is used for determining its worth. The American version of ounces does not equate to a troy ounce, which means that when precious metal items are refined or sold they must be weighted and assessed in troy ounces. A great way to determine the difference between a troy ounce and an average ounce is by using our Silver/Gold calculator.

The daily troy ounce prices for silver as well as other precious metals are determined by the New York Comex, and thus fluctuate daily. So if you should decide to send in your silver coins for refining, know that we will be able to give you the silver Comex price for the day we receive them not the day of shipment.
Here are some quick conversions for you:

1 troy ounce = 1.09714286 ounces
1 pound = 14.5833333 troy ounces

Review our shipping materials and packing slip should you decide to send us your silver coins.
Your question was greatly appreciated, thank you Hayden!

Here are some previous blog posts that may be helpful for you:
Silver Tea Set
Silver Powder

*Images displayed are only a representation of the items described in this blog post and may not be true images of the items in question.





White Gold vs. Yellow Gold

posted on Thursday, January 9th, 2014 at 1:29 pm

“I have a White Gold necklace I am looking to sell, what will I get in terms of price because it’s White Gold instead of regular Gold? Thanks from Clay in Detroit, MI.”

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Hi Clay,

Thanks for the inquiry! White gold can be refined in the same process that yellow (“regular”) gold. In fact, white gold holds the same amount of gold ratio that yellow gold jewelry and products contain. The primary difference has to do with the composition of the other materials that are mixed with the gold, called alloys. White gold will typically contain either silver or palladium metals, which accounts for the “white” coloring, whereas yellow gold contains either copper or zinc as its alloys.

US/karats % of Gold
24 99.84%
22 91.52%
18 74.88%
15 62.40%
14 58.24%
10 41.60%
9 37.44%

Pictured is a chart that can be used to evaluate the gold content of items we will refine. Depending on the amount of karats your necklace is, we can give you an estimate of what the refined gold would be worth.

Our payout schedule on gold depends on the purity and amount that you have. We pay 70% of the gold value back to you if you have less than 0.5 fine ounces.

Visit our website to learn more information about Gold Refining and about the types of gold items we refine and recover.

If you decide to sell your white gold necklace, please refer to our Packing Slip.

Thanks for your question Clay!

*Images displayed are only a representation of the items described in this blog post and may not be true images of the items in question.





Using the Magnet Test to Determine Value of Silver Tea Set

posted on Wednesday, December 11th, 2013 at 10:27 am

Silver tea set

 

“I am looking to sell an unmarked antique sterling silver tea set.  How do I find out if it’s sterling silver? I got it from my grandmother who says it’s real. From Ashley in Pelham, Georgia”

Hi Ashley,

Thanks for the inquiry about your grandmother’s antique Silver Tea Set. Some older Sterling Silver Serving Sets will sometimes have a number i.e., 925 or 825 which prove authenticity, however, some pieces may have no indication at all especially if they are very old or are made in different countries that may have their own markings.

The easiest and quickest way to determine if it is sterling silver at home is through the sterling silver magnet test. Take a magnet and press it against your tea set, if the magnet sticks then the tea set is not made of sterling silver. Though the magnet test is not infallible, it does offer a broader idea of whether your sterling silver set is authentic or plated silver. If it determined to be plated silver it will have little to no precious metal value and is not worth refining.

However, if it does not stick that does NOT mean 100% that you have sterling. There are some acid tests out there that can indicate sterling, but these can be unreliable and degrade the piece if too much acid is used. Some jewelers may be able to help if you bring in your pieces, they may even offer you a price for them for the silver content, but we would recommend shopping around and seeing what Arch can offer you.

If you have a small piece, you can send it in and we can test it for you. Once we let you know what you have, you will have the option of sending the rest or we will send your piece back to you (we do not pay shipping).

Hope that sheds some light on your antique Sterling Silver Tea Set. Here is our packing slip should you decide to sell or have us test a piece of your set: Arch Enterprise Packing Slip

Best of luck!

*Images displayed are only a representation of the items described in this blog post and may not be true images of the items in question.





Sell Scrap Gold & Silver Jewelry Direct to the Refiner!

posted on Tuesday, November 26th, 2013 at 8:33 am

Needing some extra income before the holidays?

Clean out those old jewelry boxes and let us know if you have any scrap gold or silver jewelry to sell. You will never find the match to that gold earring that you have been holding on to and that gold necklace won’t fix itself! Turn these things that are just collecting dust into holiday smiles!

Contact us and let us know if we can help.

 

jewelery





Arch Enterprises is one of the nation’s leading precious metal refineries. The company is happy to answer questions about precious metal refining for items made from gold, silver or platinum.

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