I am a jewelry retailer and have about 20+ pounds of outdated styles of sterling silver jewelry that I would like to melt and sell for cash. Can you handle this quantity? Thanks! From Jack in Providence, Rhode Island

Hi Jack,

As one of the largest silver refineries in the United States, we have the capacity to handle truckloads full of material, so 20 pounds will not be an issue. We work with many jewelers who are clearing out tarnished silver and outdated styles to make room for new merchandise. Along with high returns, we send out fast payments, usually within 1 – 2 business days after receiving the material. With that large quantity we can pay you for 80% of the silver value, for less than 20 lbs we will pay 75% of the silver value.

Hope this information helps!

Hi, I have a 9” curb link gold bracelet that I no longer wear and am interested in selling. It weighs 93.6 grams and is 14 k gold. What is this worth? From Ryan in Clearwater, Florida

Hi Ryan,

Just knowing the value of how much your items are worth will make you more a more educated gold seller. We recommend visiting our gold value calculator which will give you the approximate market price of what your scrap gold items. You can go from there and determine who is going to give you the best deal for your gold.

The calculator converts your measurements into troy ounces. Ryan, your 93.6 grams is 3.009 troy ounces, of the 14k gold which is about 58.24% gold. Based on these numbers and the price of gold today at $1,226.00*/troy ounce, the market value would be approximately $2,210.  Keep in mind that the market value is what the end consumer expects to pay.  We need to refine the gold and convert it into a form that we can sell at this price. Based on this, Arch Enterprises typically offers 80%-85% of the fine gold value in weight for small, one-time transactions.

* Since the price of gold changes daily this price was taken June 11, 2010 and may not reflect the day of this blog post.

Hi, I work in a pet hospital and would like an estimate to recycle about 400 pounds of X-ray films. Can your firm help me?  From Donna in Knoxville, Tennessee

Hi Donna,

Thanks for your inquiry. Arch Enterprises is one of the largest x-ray film recycling companies in the U.S. and we not only have the capability to recycle X-ray film, but we recover the silver content from them so instead of paying for the items to be recycled, you may actually get paid for your film (depending on the volume of actual X-ray film you have and the transportation costs). Your area in Tennessee also falls within our range of locations where we offer X-ray film pickup services so this is beneficial.

Before we make freight arrangements, there is some helpful information that you can provide so we know what we are dealing with. First, are the X-rays in paper sleeves or just alone in a container? And do you have a loading dock available at your facility? Also, are your X-rays are on a pallet? If not, what are the box dimensions and how many boxes you have? This information will give us a better idea of how long the pickup and X-ray refining process will take and what kind of loading equipment we will need onsite.

Find out more about our X-ray film pickup and refining services on our website.

Hi, I would like to sell silver coins minted before 1964. Most are Morgan Dollars. I have about 300 + ounces of coins. How much do you pay on these silver coins? From Alberto in San Diego, California

Hi Alberto,

Thanks for your question about selling silver US Morgan Dollars. Morgan Dollars were minted from 1878 to 1904 and again for one more year in 1921. While most of your Morgan Dollars would be considered “junk silver,” meaning they do not have numismatic or collection value, you might want to look up if there were any special editions made that you could have in your stash. If these are in decent condition, you may receive more money from a coin collector than from a refiner like us. Below is an example of the US Morgan Dollar.

A Morgan Dollar can contain up to 0.7735 troy ounces of silver in mint condition. So using the spot price of silver today at $17.29 UDS/troy ounce,* one Morgan Dollar at market price can be worth up to $13.37. We can typically pay about 90% of the fine silver content by weight on these coins after refining and converting into a pure form.

Please weigh your coins before you ship them. If you only look up how much silver is in a mint condition Morgan Dollar, your estimate could be off slightly. Due to significant wear from years in circulation, coins often experience a slight drop in silver weight, around 1-2 percent.

*Note: the price of silver changes daily.

I have laboratory electrode wire and mesh to recycle. Most of it should be 97% platinum and 3% rhodium. Mesh may be 100% platinum. I have about 38 grams combined.  What is the value of these items? From Ken in Omaha, Nebraska

Hi Ken,

We can refine the platinum from the electrode wire and mesh that you have described. We will analyze the material with our testing equipment and can typically return 70% of the fine platinum value back to you based on the that days market price of platinum.

Indicate on your packing slip if you would like us to call you after we have evaluated the platinum. These items are perfect for refining because they are so platinum rich. Other laboratory items that may contain precious metals that we can refine include the following:

• Evaporation Dishes
• Vacuum Bags
• Air Filters
• Polishing Residue
• Casting Sprues and Buttons
• Gauzes
• Electrodes
• Crucibles

Let us know if you have any of these items you would like recycled. You can also visit our website and learn more about our platinum refining.

I have approximately 250 pieces of sterling silver flatware. My grandmother collected it over 50 years, not from one set, but from everywhere!  There may be closer to 300 pieces. From Greg in Farmington, Missouri

Hi Greg,

Thanks for your inquiry. We always recommend weighing silverware first before you ship. If you are sure that all the flatware from your grandmother is sterling, then we would recommend separating the knives from the batch and weighing those separately from forks and spoons. We tell people to do this because many times knife blades are stainless steel, not silver. Also, knife handles are sometimes filled with another metal. This is done to add weight to a utensil so that it sits better is a user’s hand.

If you do not know for sure if all your pieces are sterling, we would recommend trying to separate your pieces into one pile where you can find a marking indicating sterling and another “unidentified” group. We would recommend looking for markings or hallmarks at the base of the handle or back of the utensil. The following markings indicate sterling:

• Sterling
• .925
• 925/1000
• .800
• 800/1000
• .900
• 900/1000
• S
• SS

It would be helpful if you kept your piles separated during shipment, in bags work fine. We pay 75% of the fine silver content by weight on 925 silver. Let us know if you have any questions. We can take all your silverware, but we can only pay returns on sterling silver.

Watch a video about sterling silver flatware and see a refiner take apart some silver pieces.

Hi, I have about one pound of electrophysiology platinum tips for sale. Could you let me know how much you pay for this type of material and what the best method to ship is? Thanks From Neil in St. Louis, Missouri

Hi Neil,

We can refine the platinum out of medical devices such as electrophysiology catheter tips. We typically pay about 70 % of the platinum content by weight. Depending on the type of electrophoresis electrodes you have. Factors such as number of electrodes, diameter, weight, and platinum content on electrodes will vary.

To cut down on your shipping costs you can cut off the end with the electrodes and trim close to the electrodes. This is not necessary, but it can help you save on postage. We recommend sending in your items in a padded mailer or double plastic bags with zips inside your shipping box. UPS flat rate shipping works great, but you may use the carrier of your choice. Please choose the “Delivery Signature Required” option.  Please sterilize the tips prior to shipping with the method your hospital recommends.

Visit our website for more information about our medical device recycling programs.

How much would 370 Washington silver quarters, minted between 1951 and 1964, and 97 Franklin and Liberty silver half dollars be worth melted? From Melissa in Tampa, Florida

Hi Melissa,

We do buy silver coins like yours for the silver value of the coins. Turning these older coins into a refiner is extremely profitable. We buy them for 90% of their fine silver value by weight which makes them worth well over their currency face value.

Today Washington quarters are made out of an alloy of 91.67% copper and 8.33% nickel that is also called clad or “sandwich metal.” However, Washington quarters minted with the date 1964 and earlier typically contain about 90% silver. Sometimes you can tell the difference by the clink sound of the coins. Instead of a ring, the silver coins against others sound like a thud.

An important item to note is that coins that have experienced significant wear often have a slight drop in silver weight, around 1-2 percent. That is why we recommend weighing your coins before you ship.

Because you have a significant amount of coins we would recommend using the US Postal Service’s flat rate shipping boxes and choosing the “signature required on delivery” option.

Visit our website for more information about our silver coin refining service.

I have 12 pounds of raw silver beads. What are they worth? From Jody in Little Rock, Arkansas

Hi Jody,

First you will need to determine if the raw silver beads you have are 925 sterling silver, meaning 92.5% silver or another concentration? For 925 silver we pay for 75% of the fine silver content by weight. It is very difficult to determine the concentration of raw materials like the ones you describe without the proper testing equipment. If you don’t know the concentration of your silver beads, we can test your material with our analytical equipment. We just need a few of your beads beforehand so you don’t have to send in your full shipment.

If your silver beads are plated silver then we will not be able to offer you a return for them. Without the correct testing equipment it can be difficult to determine the silver concentration of your material. Here is a video showing how we test silver material that comes to our refinery.

I have 100 ounces .999 fine silver bar from Tri-State refining and a 1 ounce Gold Eagle coin. Would you be interested in buying one or both pieces? From James in Columbia, Missouri

Hi James,

We do buy silver bars and gold coins. We can pay for 90% of the silver value in the bar for bars that are minted and for 90% of the gold value in the coins. We will pay you based on current market prices of gold and silver at the time of settlement. We would recommend insuring your items through the mail and make sure that you request the “Delivery Signature Required” option at the post office.

American Gold Eagle coins were first issued by the U.S. mint in 1986. Since then, Gold Eagle coins have risen to the rank of the #1 gold bullion coin. Gold Eagle coins are 91.67% fine gold (22 karat). The remaining is made up of silver and copper. Given this, they are not worth 1 ounce of gold as many people think and since buyers want to pay market price, we have to buy at a discount.

For more information about our gold coin refining service please visit our website.

I have several large silver serving trays I would like to sell and also a tea set with silver over copper. Would they be of any value to melt down? From Ryan in Phoenix, Arizona

Hi Ryan,

Silver serving trays can be worth a fair amount of money melted down but you need to make sure your materials are in fact sterling. Silver tableware pieces that we will be able to refine are usually marked or hallmarked with one of the following markings:

• Sterling
• .925
• 925/1000
• .800
• 800/1000
• .900
• 900/1000
• S
• SS

Markings on silverware can be located anywhere on the piece, but we see them most often on the backside close to the base of spoons, knives, and forks or on the back of the handle.

Because plated silver items have so little actual silver in them, they are not worth refining, consequently the tea set that you describe being copper and plated with silver will not be valuable to a precious metal refiner melted down. You may have more luck selling it online or checking with a local antique dealer.

If you are unsure about if your items are sterling silver or plated, watch this video that describes how to determine is a silver tray is sterling or plated.

How would you recommend shipping silver and gold material through the mail? From Kara in San Antonio, Texas

Hi Kara,

Shipping precious metal material through the mail does not have to be a daunting process if you follow some general guidelines. You can even cut your shipping expenses by using flat rate shipping boxes which we found are great for sending heavy precious metal items such as silverware that does not take up too much room. Also, for quicker processing you can choose the option to overnight mail packages or express mailing.

What to DO:
DO get a precious metal estimate and decide if you are comfortable or not with insurance and to what degree.
DO request the “Delivery Signature Required” option so you know your items are signed for.
DO weigh your items before you ship.
DO include a packing slip with your shipments.
DO track your shipment with your carrier.

What NOT TO DO:
DO NOT write gold, silver, platinum or any other identifying words on the outside of your shipment.
DO NOT send in silver or gold plated items to precious metal refineries.

We also advise consumers to consider the name of the company they send to. For instance we do not use “gold,” “silver,” or “precious metal” in our name intentionally so no one will know the contents of the package just by looking at whom it is shipping to.

Visit our easy 5 step process about how to ship precious metal on our website.

Hi There, I am an independent bench jeweler and ever since my old refiner went out of business, I have nowhere to send my bench sweeps. Do you refine sweeps, and if so, is there a minimum? And what is the approximate turn around time? From Sadie in Columbus, Ohio

Hi Sadie,

We do have the capability to refine and extract precious metal from bench sweeps. Shipment methods will depend on how much material you have. There is no minimum amount, but we would recommend shipping more than 0.25 lbs. Ship by putting all your sweep material into a plastic container with a tight lid or double zipped plastic bags.

Once your materials arrive at our refining facility we will test and refine your materials then return a check to you generally within 3-5 business days. However, sweeps take longer than a typical refining process as we have to test the materials extensively to ensure we extract the maximum precious metal available.

We would recommend trying to keep your sweep material separated while you are collecting it. Working on smooth surfaces might make it easier to collect scrap. Cleaning and separating scrap will be easier if you maintain a clean work station throughout the day. Here are the groups we find easiest and most helpful to maintain:

1. Fillings, Grindings and Snips
2. Solids – Chain, Wire, Parts
3. Polishings and Sweeps
4. Platinum
5. Silver – Try and keep gold and silver separated if you can. If this is not possible, send all your materials in combined.

Additionally, we commonly refine precious metal from floor mats, sink traps, carpets, rags, vacuum bags, and towels from jewelers’ working facilities. Visit our website for more information about our refining services for jewelers.

Hi, I am wondering whether there is any value in recycling flatware that’s marked nickel silver, Panama silver, Brazil silver, Yukon silver, or Alaska silver? From Brandon in Wichita, Kansas

Hi Brandon,

Thanks for your question.. Nickel silver is named for its silvery appearance, but ironically it actually contains no elemental silver.

Nickel silver is different from plated silver in that nickel silver is not plated with silver and does not contain any real silver at all. Plated silver is metal that is actually covered in a very thin layer of silver. EP and EPNS are other markings that indicate plated silver.

Given that nickel silver has no actual silver content, it is not worth anything to precious metal refiners. Unfortunately, there is nothing of value to extract. With that being said, your pieces still might be worth something if you try to sell them on eBay or to a scrap metal dealer. Good luck!

Hi I have 6 silver bars weighing a total of 743.69 ounces. I would like an estimate of the value. I would also like to know how and where to sell these bars. Thanks! From Sarah in Mobile, Alabama

Hi Sarah,

Thank you for your question! First off I am going to assume that your weight is in standard ounces and not in troy ounces, because that will effect the price a bit, but not significantly. We can pay you 75% of the bars’ fine silver value by weight. We do pay more for minted bars because they typically contain 99.9% silver and are made by certified manufacturers, but it sounds like yours are not minted or marked with a mint stamp — so they would be rough silver bars.

However, if they are not marked with a silver quality mark we will not know the true concentration of the fine silver they contain until we get your bars into our testing lab. They could be 70% fine silver by weight or less or more.

I recommend that you insure your shipment of silver bars assuming that your bars for an amount you are comfortable with. We recommend using US Postal Service’s flat rate shipping boxes. Also, make sure that you choose the “Delivery Signature Required” option at the post office.

Hope this information helps!

I have several silver dollar coins that I would like an estimate on. They are as follows:

Year / Number

1923 / 48
1922 / 30
1924 / 10
1925 / 10
1926 / 4
1927 / 3
1800’s / 47

Thanks! From Jordan in Cleveland, Ohio

Hi Jordan,

Thank you for your question. We would be able to pay you for 90% of the fine silver value on your silver dollars that you have described. However, we do not take into account the numismatic or collection value of any coins that we refine. Please send them to us if you know that the actual silver value is more than what you could get if you took them to a coin dealer.

I would especially recommend taking your coins from the 1800’s to a coin dealer to check on their collection value. Even coins that are not in pristine condition can still have collection value that may exceed its silver content value.

Let us know if you would like to refine your silver coins based on their silver content. Thanks!

I have about 13 pounds of Anchor Hocking brand silver cookware and serving pieces. They are very old, dating back to the early 1900’s or before. Could you please tell me how much these are worth? From Kim in Long Beach, Florida

Hi Kim,

There are a couple things you should consider before sending your items in to be refined. The first thing is to make sure that your items are in fact sterling silver and not stainless steel or some other non-precious metal. The easiest way to do this is to look over your items to see if they are marked in someway with an 800, 900, or 925. If you do see these markings, then they are sterling silver and we could pay you for 75% of their fine silver value by weight.

It gets a little trickier if your items are not marked. When you say that you have “silver cookware,” if you are referring to pots and pans then it is unlikely that these are sterling, unless they were used as decorative pieces. Sterling silver serving pieces like gravy boats, trays and pitchers are common, but pots and pans were rarely made from silver.

Here are some markings indicating silver PLATED items:

• EP – electroplated means silver plated
• EPNS – electroplated nickel silver (ironic because there is not silver in nickel silver)

Sometimes you can tell the difference between sterling silver and other metals by the color of your items also. If you can see places where the silver appears to be worn away or flaked off then most likely you have silver plated items. Also if you try to polish your items and black tarnish rubs off, then that is a good indication that you have sterling silver, but not a guarantee.

As a precious metal refiner, we have sophisticated equipment that can test for precious metal content, but please note that we will only be able to return a payment back to you on sterling silver items.

Hello, I am looking for a good refinery to purchase my gold. I have been researching gold parties for sometime now, I am an independent gold buyer and seller. What are your rates for people with a substantial amount of gold? From Donnie in Orlando, Florida

We offer competitive refining rates for independent gold party operators and gold buyers. And typically we can wire the funds to your account the same day it comes in if the gold is received early in the day. We often pay more than 90% of the value of gold content for customers with significant amounts of gold that send shipments to us on a regular basis. However, this high percentage return is based on the amount of gold you send. You must have over 2 ounces of gold to receive over 90% of the fine gold content by weight.

Interestingly, we have more and more customers like yourself these days who are looking for a trustworthy refiner that offers quick payments. We know that gold buying businesses rely on paying people quickly so we cater to them by paying quickly as well. Here is some feedback from one of our gold operator customers, Kelly Rostic – owner of the Gold Lady:

“What most impresses me about Arch Enterprises is their quick turn-around time and customer service. I overnight my gold to the refinery and by the next afternoon, the gold is processed and I have money wire-transferred into my business account. Since the price of gold is constantly changing, I feel I have the best chance of getting top dollar because I don’t have to wait long for processing. Whenever I call Arch Enterprises, everyone I deal with is polite and professional. With the gold business booming right now and as we approach the holidays, I hope for continued success with my business, The Gold Lady.”

Good luck with your gold buying business Donnie. Let us know if you need gold refining services! Thank you for contacting us.

I have about 22 pounds of silver dimes that date before 1964. What is the value of these items please? From Matt in Rochester, New York

I have 277 Washington Quarters and 560 Roosevelt Dimes. What are these worth refined? From Jody in Olympia, Washington

Hi Matt and Jody,

We do buy dimes and quarters with a mint date of 1964 and earlier. We can pay you for 90% of their fine silver value by weight. Contact us for an estimate at current silver prices. Please weigh your silver coins before sending them in and indicate the weight on the packing slip.

Jody – please check and make sure your quarters and dimes are dated 1964 and earlier.

Also, it is important to note that coins that have experience significant wear often have a slight drop in silver weight, around 1-2 percent. We mention this because if you simply take the weight of a freshly minted coin, it will almost always be more than one that has been in circulation for years. Long story short, weigh your coins before sending them in.

We recommend shipping small, heavy items such as silver coins in the US Postal Service’s flat rat shipping boxes. Also request the “Delivery Signature Required” option with your shipment. For list of shipping pricing please refer to a previous blog entry about shipping costs.

I want to sell gold filled and gold plated necklaces from the 1950s, made in Korea. I have dozens of them equaling several pounds. From Becky in Fond du Lac, Wisconsin

Hi Becky,

It is nearly impossible to recover any relevant amount of gold from plated items because the gold is plated so thinly that there are only a few microns of actual gold in each plated item. Furthermore, the cost to refine plated items is higher than with 10 Karat - 24 Karat gold so there is no value in refining it.

Gold filled jewelry on the other hand, may have some value. Typically, a few pieces of gold filled jewelry will not yield much return but if you have pounds, you should get some return. I suggest using the US Postal Service’s flat rate shipping boxes. They are great for shipping small, heavy items such as jewelry. Remember to request the “Delivery Signature Required” option when you ship.

Because we can not take your gold plated jewelry items, we would recommend selling them as costume jewelry on EBay or local consignment shops. Hope this helps!

I work for a Veterinary Clinic and we are in need of purging old x-rays films. How do we go about getting them recycled? From Sandy in Louisville, Kentucky

Hi Sandy,

The way to go about recycling old x-ray film will really depend on how much you have. For small amounts less than 200 lbs it is not worth paying for transportation and we would recommend taking them somewhere more locally. You could check your local recycling center. However, their conditions vary so you might want to call first to see if they do take X-ray film.

For large amounts we can help you arrange freight, as well as return a payment back to you for the silver content we extract from the x-ray film. If your shipment is worth refining, we would recommend separating the X-ray film from the jackets so you are only transporting the necessary material to the refining facility.

If you can provide a more accurate measure for how much X-ray film you are dealing with, we can give you a more accurate estimate.

I have 8 ounces of gold sheets for dental use from the 1880’s and platinum from the 1800’s as well. The platinum is in a powder form. Wondering what the value of these items would be today. From Katie in Memphis, Tennessee

Hi Katie,

To know the actual value of the precious metal contained in your dental sheets we would have to weigh them separately and test for the level of fine gold they possess. Because your items are over 200 years old, the dental products were probably manufactured much differently than they are now, so it would be hard to classify them as dental scrap like we do today. We pay less for dental scrap than, for instance gold jewelry, because it is harder to separate the gold from the other metals that dental scrap is alloyed with. If the gold sheets are very pure we could offer as much as 90% if you have more than 2 ounces of pure or fine gold.

It’s hard to say what kind of estimate we could give you on your platinum without knowing how much you have. We usually pay 70% of the dollar value of the platinum recovered.

If you have any documentation on the gold or even pictures that might help us identify the purity of your material, we may be able to provide a more accurate estimate for you. Thanks!

I have about 10 pounds of silver based batteries to recycle. What could you pay me for them? – Linda in St. Louis, Missouri

Hi Linda,

We can recover the silver from watch batteries or silver oxide batteries. We pay between $15-$20 per pound. We do not accept co-mingled lots, so you will have to separate these batteries out if they are among other items. If you ever have over 30 pounds of silver batteries, we can usually pay you more.

We recommend using USPS priority mail flat rate boxes with signature required. They are great because you don’t have to worry about high shipping on heavy weight packages.

Hope this information helps!

I have about 50 catalytic converters come in per month. I also have bare copper wire and copper tubing some with and some without solder joints. Are these items worth anything? From Dave in Kansas City, Missouri

Hi Dave,

We can recover platinum and palladium metals from catalytic converters. However, refining this material is not only difficult, but very time and energy consuming. As such, we do not buy whole catalytic converters but rather the pellets and honeycombs from units that have been “de-canned.”

Call or email for a custom quote if you have greater than 100 lbs of “de-canned” catalytic converter material.

For less than 100 lbs of pellets or honeycombs we pay the following prices:

Non-Diesel Engines

• For  loose pellets from non-diesel engines we pay $3.00 per pound.
• For honeycomb material from non-diesel engines we pay $8.00 per pound.

Diesel Engines

• For loose pellets from diesel engines we pay $3.00 per pound.
• For honeycomb material from diesel engines we pay $3.00 per pound.

I work in a dental office and we have about half of a large Rubbermaid filled with old x-rays. We have already gone through the files and separated everything. How does shipping and pricing work for this kind of material? – From Tessa in Minneapolis, Minnesota

We are purging old x-ray films from our files. Do you have a buyer in Iowa? – From Dr. Carmicheal

Hi Tessa and Dr. Carmicheal,

Thank you for your questions about our silver x-ray film recovery services. I wanted to address your questions together and give you both some more information on our x-ray recycling program.

Because there is such a small amount of silver to recover in dental x-ray film, we do not pay for them. So Tessa, unfortunately your shipment is too small for us to return a payment to you. You can ship them to us via UPS and we will recycle your x-ray film for you, but that is the best we can do.

Dr. Carmicheal, if you have a significant amount of traditional medical x-ray film we can recover the silver and return a payment back to you. We also offer on-site purging services available in Iowa locations. This is done on a custom basis, so please call us if you think this service fits your needs. However, if you have dental x-ray film we will not be able to buy them, and would recommend the same advice we gave Tessa – to find a local company to recycle these.

• I have 2 gold crowns. What is the gold value from these? – From Rob in Des Moines, Iowa

• I have 5 lbs of very small pieces of dental scrap that came from a retired dentist. – from Larry in Phoenix, Arizona

• I have several teeth and crowns with gold filling that have been extracted. I would like the gold recovered and returned as a single nugget. – From Stacy in Raymond, Illinois

• I have about 10 grams of a three tooth bridge, two gold caps and one gold tooth. – From Matt in Chicago, Illinois

Hi Rob, Stacy, Larry and Matt,

I wanted to address your questions together as they are all about dental scrap to refine. As you may know, gold used in dental products can come in may grades and this grade and the amount of gold used can vary greatly from tooth to tooth and crown to crown.

Because of the weight variance and how the gold is alloyed with other metals, it is a very difficult process to extract the full amount of precious metal from the scrap. Arch Enterprises has technicians to handle the recycling of dental scrap, but it is still a difficult process compared to coins or jewelry.

In all of your situations we would melt your pieces together and analyze the gold content. This will ensure total gold consistency for the assay and would result in a higher payout for all of you.

For more information please refer to a previous blog post, “What is My Dental Scrap Worth?”

I have 3-4 ounces of Watlow platinum thermocouple wire I would like to sell. How much could you give me and how does the process work? Do I send you the metal to evaluate first? – From John in New Orleans, Louisiana

Hi John,

We can buy and refine platinum thermocouple wire. We will not know the percentage of platinum in the wire without an analysis. However, we have testing equipment that provides this information to us. Once we know the metal content, we can provide you an estimate. Given the costs involved in refining thermocouple wire, we typically pay about 70% of the platinum content.

As for shipping, 4 ounces isn’t too heavy. Therefore, you could send using the U.S. Post Office’s priority mail boxes, but you can use DHL, UPS, or FedEx, without incurring much cost. Visit our website for more information about the shipping process. Also remember to request a signature required upon delivery.

For platinum items we can call you if you would like after we have evaluated the platinum. Please indicate that request on the packing slip with your shipment.

I have 300-400 pounds of used x-ray film, out of jackets, as well as one silver collection bucket from the fixer used to process the x-rays. Could you please give me an estimate of the value of the film and collected silver? Thanks. – From Joseph in Cedar Rapids, Iowa

Hi Joseph,

We can recover the silver from x-ray film and from your silver collection bucket. For the film, we could also help you coordinate freight or transportation.

I think you are talking about a small filter that is called an MRC or CRC that is used to exchange silver from iron from fixer solutions. Depending on the silver concentration from the collection bucket we could return 60%-70% of the silver’s value.

It’s great that you are recycling these items instead of throwing them out. It’s a great way to add a little more money in your pocket, as well as having the peace of mind that the silver will be recycled and reused in such industries as medical, jewelry or auto. Thanks so much Joseph!

I have silver tableware with the following markings: .925 fine silver | 5 troy ounces | id # 060061 | silver town. What do these mean? And what is the value of my items? – From Sue in Newark, New Jersey

Hi Sue,

It is better to have too many markings on your silverware than no markings! Your markings can give us a good indication of the value of your silver. I’ll try and break it down.

.925 fine silver means that your items are 92.5% silver.

5 troy ounces is the weight. Troy ounces are different than your standard ounce that you can find on a postal scale. Average ounces or standard ounces are called avoirdupois ounces.

The formula to change standard ounces to troy ounces is as follows:
Standard Ounce Weight x .912 = Troy Ounce Weight

For example:
16 standards ounces x .912 = 14.59 troy ounces

ID # is the number given to the items by the manufacturer. I am assuming that silver town is the manufacturer, although I cannot find a record of the company. This information might be important if you were trying to sell these items for their retail or collection value instead of their melt value.

We can offer 75% of your tableware’s fine silver content by weight. However, keep in mind that many times the knife blades are stainless steel as silver is too soft to create a reasonable cutting device, obviously this decreases their melt value as steel is not a precious metal. On heavy items like tableware and silverware, we recommend using the US Post Office’s flat rate, priority mail boxes because you can fit a lot of material without worrying about the weight. For more information about refining silverware, visit our website. Hope this information helps!

I have some old goldware with a Hindu or Indian God on the tip and markings on the handle of the spoons, forks and cake knife. Do you know how to tell the age? There are no markings and the only thing I found is a broken clasp with the words Cheney England stamped on it. From Vin in Las Angeles, California

Hi Vin,

You may want to take your items to an antique store or dealer for an appraisal or some sort of assessment if they are really old or not. If you want to sell them for their precious metal melt value then we can help.

We recommend doing the magnet test on your items. Run a strong magnet over your tableware, if the magnet sticks then your items are most likely plated and have no melt value. If your items are not magnetic then you can send them to our refinery and we can test them and determine their gold or silver concentration and call you. Sometimes sterling silver is plated to make look like gold but it is the sterling silver that has value. However, keep in mind that if the material under the plating is stainless steel or something other than sterling silver, we will not be able to buy your items.

We will buy them for their melt value only. If you do send them to us please note on your packing slip that you need a phone call after the items are tested.

I have removed the platinum from catalytic converters. What is the value by weight? From Rob in Pleasant Hill, Oregon

Hi Rob,

We do buy the pellets and honey combs from catalytic converter units that have been “de-canned.” It sounds like your materials are already “de-canned.” Some other information from you would help us give a more accurate estimate for your material such as how many pounds do you have? Do you have loose pellets or honeycomb? Are the catalytic converters from non-diesel engines or diesel engines?

For shipments less than 100 lbs., we go by this payment schedule:

Non-Diesel Engines

For loose pellets from non-diesel engines we pay $3.00 per pound.
For honeycomb material from non-diesel engines we pay $8.00 per pound.

Diesel Engines

For loose pellets from diesel engines we pay $3.00 per pound.
For honeycomb material from diesel engines we pay $3.00 per pound.

If you have greater than 100 lbs. of “de-canned” catalytic converter material, please call or email us for a custom estimate. Hope this information helps!

I have 45 rolls of US War Nickels, which is 1,800 coins. What are these worth? From Nathan in Birmingham, Alabama

Hi Nathan,

Because of the significant amount of copper in War Nickels, the refining process takes quite a bit longer and requires more energy. This makes extraction more expensive and time consuming because the precious metal material has to go through extra treatments for longer periods of time.

We pay 40% of War Nickels’ silver by weight. This percentage is lower than some other coins that do not contain so much copper. Old quarters, dimes and half dollars usually contain more silver and less copper, allowing us to return a higher percentage on these items. Examples of junk silver coins include:

• Mercury Dime (1916-1945)
• Roosevelt Dime (1946-1964)
• Washington Quarter (1932-1964)
• Liberty Half Dollar (1916-1947)
• Franklin Half Dollar (1948-1963)
• Kennedy Half Dollar (1964)
• Kennedy Half Dollar (1965-1970)
• Morgan Dollar (1878-1921)
• Peace Dollar (1921-1935)
• Eisenhower Dollar (1971-1976)

For more information about junk silver coins, visit our website.

I have a sterling silver plated large serving tray and 2 wine goblets. What would the dollar valve be? From Karen in Southern California

Hi Karen,

I am sorry to tell you that we do not buy plated silver items because the silver is plated too thinly to return any money based on the precious metal content. You would be better off trying to sell these items as a serving tray and goblets.

Silver plating techniques have become very advanced so that the plating manufactures use the smallest amount of silver possible to get the desired silver sheen. Many times the silver plating is so thin that it can be scratched off by hard objects such as a coin or paperclip.

If you have a silver item that you don’t know is plated or silver, we recommend running a strong magnetic over the items. Precious metal is NOT magnetic, so if the magnetic sticks then your items do not have value based on their precious metal content. Find out more about our silver refining services on our website.

I’m just a humble jewelry designer from NY who is trying to get used to all this stuff! From Natalie in New York, Arkansas

Hi Natalie,

Don’t worry if you don’t pickup on everything right away. It takes sometime to get to know the precious metal industry. Here are some helpful tips that I’ve put together for you and other jewelry designers out there that may have some scrap precious metal to refine.

It’s great that you are learning and researching about this now so you have all the tools at hand. We work with jewelry designers, jewelry sellers and gold party representatives from all over, let us know if you have any questions about precious metal!

Keep in mind that precious metals include: gold, silver, platinum, palladium and rhodium.

Pay attention to where you scrap is going.

From small gold chain links to shavings of silver, try to account for it all. For larger pieces of gold, silver or platinum that you cannot use in creating or fixing jewelry its best to keep them as separated as you can. We recommend working on smooth, dark surfaces so you can see scrap easier.

Don’t throw anything out, it could be precious!

Even your facility that you resize, shape and design jewelry in can contain valuable precious metal scrap. Areas where precious metal can be accumulating include sink traps, floor mats, carpets, rags, floor sweeps and vacuum bags. Think about this when you’re cleaning your facilities. If you regularly clip, size and shape precious metal chances are small pieces of it have gotten away from you. As precious metal refiners we can extract even the smallest amounts of precious metal from these items.

Keep your stones and gems.

As precious metal refiners, we only return payments for metal materials, not stones and gems. To reclaim the value on these items, make sure you remove them before sending them to any metal refinery.

I have a Reed and Barton bowl marked 900. It weighs 30 troy ounces. What do you think this is worth? – From Ryan in Reno, Nevada

Hi Ryan,

We could offer to pay for 75% of your bowl’s fine silver content by weight. However, because your bowl is Reed and Barton which is a well known silver brand name, this item may have retail value that is beyond its precious metal value. By doing a quick Google search you can easily see how much Reed and Barton bowls are selling for today at places like Amazon.com and Macys.

If you bowl is in good condition, you may be better off polishing your bowl and selling it online. Even the silver plated Reed and Barton bowls have a high resell value. Make note of the year your bowl was made. However, sending in your bowl for the silver content is a great option if your bowl is dented or broken, which significantly decreases the resale value.

Watch a refiner demonstrate how to find the value of other silver items on this YouTube How to Value Sterling Silver Video.

I have 3 Morgan coins – 2 coins dated 1921 and 1 dated 1880. And 1 Peace coin dated 1924. These coins were my grandmothers and are in pretty good condition. Could you tell me how to get a good price for my coins? From Katara in Severna Park, Maryland

Hi Katara,

Your coins do contain silver, but four coins are not worth very much based solely on their silver content. Since you mentioned that the coins are in good condition, a coin collector may be a better option for you.

As a precious metal refiner we only buy coins for their scrap silver value, not for the collection value or “numismatic” value. I recommend bringing them in person to a coin collector. I would also advise getting several appraisals from professionals.

Some coin collectors will buy coins for their silver content and then sell them in bulk to refiners. This price will probably be significantly lower than if your coins are collectables. Make sure you know if they are buying your coins for the silver or for the collection value.

I have 6.9 lbs. of silver oxide batteries from watches. Can you refine this material? From Michael in Islandton, South Carolina

Hi Michael,

Yes, we do have the capabilities to extract silver from silver oxide batteries. Not only can we return a profit to you for the silver, but we also recycle the other potentially environmental harmful materials contained in silver oxide batteries. We can pay between $15-$20 per pound for the silver bearing material.

For those of you that don’t know, silver oxide batteries are often referred to as silver zinc, watch batteries or button cell batteries. These are regularly used in products such as, hearing aids, watches, cameras and calculators.

Learn more about our silver oxide battery recycling program on our website.

I have a 12 person set of sterling silver from the late 1800’s. There are roses around the edges with M etched into the pieces and ornate roses on the handle. I have about 10 lbs. of silverware. – From John in Lapeer, Minnesota

Hi John,

Thanks for you inquiry. Though you did not indicate any silver markings, most sterling silver is 925 silver, that is 92.5% silver. In that case, your silverware is ideal for refining because the scrap silver content is valuable. Arch Enterprises can pay you for 75% of your material’s fine silver content by weight.

An important thing to keep in mind for anyone who is selling or refining silverware is that the knives most likely have stainless blades, not silver blades. This would reduce the silver weight of tableware sets. So, it might be a good idea to weigh your materials sans knives to get a more accurate silver value.

Here is an example of how a refiner takes apart sterling silver items including tableware knives on our Arch Enterprises YouTube Channel.

In the last six months we have received some great questions! In order for our customers to receive the best information and most accurate quotes we encourage everyone to give very detailed descriptions of the materials you would like us to buy and refine. Even things that you may not think are significant can indicate what kind of material you have and what the grade is. Here are the main elements we take into account when people ask questions about their materials.

1. Type of Metal – of course the type of precious metal your items contain is the main indicator of how much they are worth refined.
2. Markings/Hallmarks – these are especially important on sterling silver sets and flatware. Always try and indicate if these items are marked with the word ‘sterling’, 925 or 800. 925 silver is 92.5% silver, where as 800 silver is only 80.0% silver.
3. Weight – there is a very big difference between the weight of items before they are refined and then the weight of the actual precious metal contained in items. We try and estimate only on the value of the precious metal content. So account for the fact that 40 lbs. of material is not the same as 40 lbs. of pure silver.
4. Quantity – the amount of precious metal you have to refine is important because often times we can offer you a higher return on larger amounts of material. This is because it is more energy efficient to process large amounts of material at once than several smaller quantities at different times.

On our Submit Your Question Form, there is an image upload capability where you can send us a photo of the items you wish to refine.

As always, let us know if you have any questions.

It seems like many media sources are conducting investigative reports on the cash for gold business. This is due to the many customer complaints about companies such as the one highlighted on Good Morning America this morning – Cash4Gold. Our goal with this blog is to help people become more educated consumers in this industry that historically has not always been the most trustworthy. With these huge operations you really have no idea who is giving you your quote or who is actually melting and refining the material. We recommend getting to know the people you work with either by giving them a call or sending them an email.

The consumer alert from Good Morning America highlighted the fact that some companies will only give 11%-29% of the gold’s value back to their customer. Also that these companies do not want the public educated on the gold buying because they thrive on people’s ignorance towards measurements and value. Here are some things to take into account when choosing a company to work with.

• Check out the company’s endorsers. If they are a member of the BBB, look at their rating and you can also see if they have had any recent customer complaints.
• Look to see if they have an actual business location, so they are not some guy working out of his basement. If they don’t look reputable, then chances are they probably are not.
• Get the on the phone. Because each piece of gold is different, each estimate will be different as well. This will allow you to ask any questions you have, establish a relationship with your dealer and give you an indication of what your customer service will be like.

Good Morning America also commented on gold parties which are becoming more popular. Remember that you don’t have sell your gold to the operator. We recommend getting some estimates either online or locally before you attend. That way you will have some idea of what your material is worth beforehand.

Did anyone else see the Today Show? We would love to hear your comments or questions.

Do you have a facility in TN? Can you evaluate and process large orders? Do you buy and what is the process and how long does this take? – From Roger in Knoxville, Tennessee

Hi Roger,

We have a representative in the Tennessee area but not a facility. Our facility in Missouri can handle large orders. We can take shipments by the ton. With three thermal oxidation processors and three large-scale R4-B rotary furnaces, there is almost no job involving precious metal too large for us to handle.

For large volumes of material we can work with you directly and arrange shipping and/or transportation. For large orders we like to speak with our customers so we both have a better idea about the job we are dealing with. Then we can more accurately estimate how long it will take to process and what the payout will be. Sometimes it is better to send a sample that we can test before refining. Let us know what kind of material you have, and then we can talk about dollar estimates and times.

Visit our website to find out more about our precious metal refining facility.

I have some 10lbs of electrical contacts, some of which are 1inch square X1/8 inch thick. Are these worth refining? From Jesse in Springfield, Missouri

Hi Jesse,

We would offer between $10-$15 per pound of silver-bearing electrical contacts depending on the quality and silver content. Keep in mind that the amount of silver in electrical contacts can vary and we won’t be able to determine an exact amount until they are at our facility, tested and refined.

If they do contain a significant amount of silver, then they would be worth it to send to a silver refiner like Arch Enterprises.

I have a large quantity (about 40+ lbs.) of sterling and 925 silver jewelry. And I have over 1000 dwts of clean scrap gold (no stones). Also let me know if there are any other hidden charges.  From Betty

Hi Betty,

We pay 75% for sterling silver and between 80-90% and sometimes more for large quantities of gold. For those of you that are unfamiliar with “dwts,” this is a unit of measurement used in the industry that is an abbreviation for pennyweight. You might also see “pwt” or “PW” used. Pennyweight is a unit of mass which is the same as 24 grains, 1/240th of a troy pound, 1/20th of a troy ounce, approximately 0.055 ounces or approximately 1.555 grams. We have a previous blog post about other precious metal terms.

It sounds like you may have encountered some other dealers or refineries with hidden charges. With Arch Enterprises all you pay for is shipping. For consumers items like jewelry, we will review your material and mail payment to you in 3 business days or less after the material is received. There are no hidden charges!

I have a large number of rolls of 35% silver WWII nickels. Can you refine them into a 100 oz silver bar for me?  From Tim in Schuerch, Arkansas.

Hi Tim,

We can buy your nickels but we cannot refine them into a silver bar and send the bar back to you. We pay for 40% of their silver value by weight for “war” nickels.

Silver “war” nickels were produced by the United States from mid-1942 through 1945 and are in fact 35% silver and of course worth more than their currency value of .05 cents. The government used silver instead of nickel because nickel was in higher demanded for manufacturing military supplies. Today, nickels are made of about 75% copper and 25% nickel.

Knowing if your nickels are “war” nickels is to your advantage because they are worth more refined than spent in a vending machine. However, when the price of silver rose in the 1960s many of these valuable nickels disappeared, but every once in a while you can find one in your change. Here are a few ways you can tell the difference between “war” nickels and the others.

• Usually war nickels are a little darker in color than others.
• On the backside of war nickels there is a P, D, or S marked above the building (Monticello’s dome) and under E Pluribus Unum. (On nickels distributed today this marking is on the face side under the year.)

Visit our website for more information about where to sell silver coins.

I have approx. 5 pounds of “silver flake” extracted from scrap x-ray film 15 years ago. I’m not certain of the purity. I used to sell it to a buyer in the Reno area. Do you have a buyer in the Las Vegas area? – From Jay

We do not have a buyer in the Las Vegas area, but we have people ship silver to us from around the US every day. If you send it to us we can pay you much quicker than a remote buyer or broker since we are the refiner. Please let us know if you would like to send it in, I can obtain an estimate for you. We will be able to pay you 75-85 percent of the silver value for the silver flake.

Because about one-fifth of the world’s silver is used in x-ray film, recycling these items is optimal for the environment. All the silver that Arch Enterprises refines is sold directly back into industries that utilize silver such as the medical industry, photography industry, jewelry industry and more.

I have an 18k gold plated wall sconce light fixture. It retailed for $2300 new. Since it was so expensive, I’m wondering if it has more than just the typical thin layer of gold plating and if so, would it be possible to salvage the gold? – From David

Hi David,

Without seeing or testing the light fixture I cannot say for certain if the gold on your light fixture is more than a plating. However, usually the retailer and/or manufacturer will let the buyer know if an item contains a significant amount of gold because it would be a major selling point for them.

Also, it can be easy to get hung up on the retail price of an item, but it is very different from the melt value of the item. Even though the retail price is high does not mean that price translates to the precious metal value, which is the only value that refiners take into consideration.

If the piece is not damaged, I would guess that the retail value of it would be worth more than the precious metal value. Arch Enterprises would not be able to offer you a return for the gold plated item because there would not be enough gold to extract. I would check to see if your wall sconce is a brand name and even if you could sell pieces of it separately. Hope this helps!

I have thermocouple wire to sell/refine. Total weight is about 2000 grams. Half is pure platinum, the other half is 87% platinum, 13% Rhodium. Do you buy from the general public. Also, do you pay for the rhodium content or only the platinum? – Steven from Virginia

Hi Steven,

We are a precious metal refiner that does buy from the public. We will pay you for 70% of the fine platinum content by weight. We do pay on rhodium, but the rhodium amount you described is too small to offer a payment. You can find more information about our platinum recovery services on our website.

How does your medical x-ray film recycling work? Do I have to send in my x-rays? – Sara in Memphis, TN

We recommend finding a dealer that will come to you. Arch will conduct on-site purging of x-rays and x-ray refining in eight states: Alabama, Northern Florida, Illinois, Iowa, Kansas, Missouri, Oklahoma and Tennessee. This just makes things easier for you because we will bring all the necessary materials such as Gaylord boxes, skids and drums.

Another feature to look for in your refining service is if they are HIPPA compliant and offer Certificates of Destruction and documentation of general liability and environment insurance policies. You can also find a service that will sort and remove the x-ray films for you.

If you do not live within the above locations, you can send in your x-rays to a refiner, but the shipping costs will fall on you. Look around your area and try and find a refiner that will conduct on-site x-ray film recycling.

I have 7.7 silver from developing negatives in printing, how much would this bring if I took it to refine? – Trisha in Pittsburg, KS

Hi Trisha,

If am not sure if your silver is from a silver recovery unit and is in pounds or ounces. Let’s assume it is silver flake from an electrolytic silver recovery unit, in this case it may be very rich in silver content by weight. We can refine it and return 75%-90% of the silver value back to you via check depending on the actual quantity and quality. If you would like us to test a sample please let us know.

Can you give me a quote for processing electrical contacts that have been removed from busbars? – Chad in Abilene, TX

Hi Chad,

We would offer between $10-$15 per pound depending on the quality and silver content. For those of you who do not know what busbars are, they are used in electrical power distribution and are usually made of copper or aluminum. So, you may be asking yourself where the silver content comes in. Often the joints between high-current bus sections have silver-plated surfaces to reduce contact resistance. These scrap silver electrical contacts can be ideal for refining.

Does silver get black when it gets old and dirty? And does this affect the melt value? – John in Frenso, CA

When silver comes in contact with oxygen it oxidizes or turns black, this process is called tarnishing. No matter what form of silver your items are, sterling silver and pure silver alike tarnishes. The black/greenish substance that rubs off is called silver sulfate. Silver tarnishes not based on the type of silver, but based on the silver item’s environment. When materials like wool, rubber, fossil fuels and latex come in contact with silver it causes the item to tarnish more quickly. Also, the climate can affect this process. High humidity results in silver tarnishing faster and results in a darker and blacker form of tarnish build on the item.

As for the second part of the question, tarnish does NOT affect the melt value of items. Refiners will take silver items, not matter the condition. If you have scrap metal pieces, it could be to your benefit to not clean them. Tarnish does not just lay on the surface of silver, it is chemically bound to it. Harsh silver cleaning treatments could remove some of the silver content and affect its value.

As a warning, you should never clean silver with other metal items. A chemical reaction might occur resulting in a loss of silver off the item.

Note: If you have silver coins, you may want to be more careful in how you clean them. If you use a harsh cleaner or applicator you could destroy the original surface of the coin, significantly decreasing its numismatic value (more than its precious metal value). Consulting a coin dealer before you clean silver coins may be in your best interest.

We are clearing out our office and realized we still have about 160 pounds worth of old negatives from our monthly publication. Wonder if these are worth recycling? – Dixie in Berkeley, CA

Hi Dixie,

The amount of negatives you have is not enough for us to pay you for them. This is because the cost for us to extract the silver is more than what the precious metal would be worth. We will gladly recycle them but you would have to pay the shipping charges to get them to our facility.

I have quite a few silver coins: 33 quarters and 39 half dollars. I’ve been watching silver prices and thought now would be a good time to sell these. How much are these silver coins worth refined? – Terri in Carrollton, Texas

Hi Terri,

You’re right, silver prices are at an all time high and now would be an ideal time to add a little extra money to your pocketbook when you’re ready to sell. The first thing to look at is if your coins are “junk silver” coins where the silver content is worth more than their numismatic value. The most common quarters and half dollars we see at Arch are as follows:

• (1932-1964) Washington Quarter
• (1916-1947) Liberty Half Dollar
• (1948-1963) Franklin Half Dollar
• (1964) Kennedy Half Dollar
• (1965-1970) Kennedy Half Dollar
• (1920-1967) Canadian Quarter
• (1920-1967) Canadian Half Dollar

If your silver coins are in-fact junk silver and you have 33 quarters and 39 half dollars we would estimate their melt value to be $258 per pound based on a silver price of $17.75/troy ounce. We will retain a small 10% fee of the $258.

Is there an easy way to determine if my gold necklace is real gold or gold plated? – Magen in Chesterfield, MO

There are many plating materials out there that make an item look like gold or silver. If you are questioning what type of metal you have there are a few things that may help determine if your item is solid and “real” without damaging the item.

• Check for a hallmark. However, you must be careful because sometimes sellers can be deceiving in making buyers think they are getting solid gold or silver with a hallmark when in fact, it is a counterfeit.
• Run a magnet over the items. Neither gold nor silver attract to magnets. If the magnet sticks to the item, without question it is NOT “real” gold or silver and probably contains very little of the precious metal.
• Gold in its purist form is actually soft and will bend when squeezed in your hand. Alloying it with other stronger, less expensive metals makes it harder.

If you try these methods and still do not have answers it may be time to take your items to a professional. There are acid tests that can be administered, however they involve making small cuts or incisions into items and working with acids can be a dangerous and difficult process. Refineries have the necessary instruments to measure the amount of precious metal in an item.

I have a 51 piece 24K gold plated flatware set that is supposed to contain 63 pieces (I’m missing 12 salad forks.) If it were a full set, it’s only going for about $50 on E-Bay. It is not marked 24K, but the certificate included with the set states they guarantee it to be so. So let’s just assume this to be true. Would I be better off to sell this online for $40 or $50 or sell it as gold scrap? Thanks. - Mark in Las Vegas, Nevada

Gold Plated Flatware

Hi Mark:

Unfortunately, plated gold flatware typically only contains a microscopic layer of gold. In most cases, the flatware is plated so thinly that it costs more in energy and time to remove the gold than the gold is worth. Therefore, most precious metal refiners cannot offer payment for gold plated items.

However, the value of your flatware depends greatly on the metal underneath the gold plating. In some cases, manufacturers plated the gold over sterling silver. If your set is gold on sterling silver, the set should be worth more than $50.00 for the silver value (market price of silver and weight depending). If they are gold plate on stainless or copper or another base metal you are best to sell them on ebay.

To give you a feel for the melt value, we buy sterling silver by weight and pay around $175 a pound at this time. If you want to determine what metal is under the gold plating, you can send us one piece to test in our XRF analytical lab to determine if it is silver underneath the gold or you might be able to dig up some information by calling/writing the manufacturer.

You can see how the XRF machine works Arch Enterprises Video Site.

I have some old silver coins that I would like to sell.  What is the best way to go about this? — Amber in Pensacola, FL

If you are looking into selling silver or gold coins, the first step to consider is whether or not your coins have numismatic value. Coins with numismatic value are those that are worth more than their precious metal content. The value of rare coins is determined by four criteria:

1. Rarity
2. Quality
3. Grade
4. Popularity

For these types of coins, we recommend working with a rare coin dealer as you don’t want to sell them for their melt value.

Other silver coins are commonly referred to as “junk silver.” These coins have no value beyond their silver content. In the United States, most silver coins minted before 1964 have a fair amount of silver content and have value based on this precious metal content.

Here are a few examples of the most common junk silver coins we at Arch see.

• (1942-1945) Silver War Nickel
• (1916-1945) Mercury Dime
• (1946-1964) Roosevelt Dime
• (1932-1964) Washington Quarter
• (1916-1947) Liberty Half Dollar
• (1948-1963) Franklin Half Dollar
• (1964) Kennedy Half Dollar
• (1965-1970) Kennedy Half Dollar
• (1878-1921) Morgan Dollar
• (1921-1935) Peace Dollar
• (1971-1976) Eisenhower Dollar
• 1920-1967 Canadian Dime
• 1920-1967 Canadian Quarter
• 1920-1967 Canadian Half Dollar
• 1935-1967 Canadian Dollar

Is there any way to tell if my platinum ring is pure platinum? — Beth in Stillwater, OK

The two most common purities of platinum used in jewelry are:

Plat - 950 Plat is considered nearly pure platinum and usually contains 95% platinum and 5% iridium.  It is quite expensive and typically the highest grade of platinum available for jewelry making.

IridPlat - This platinum is 90% pure platinum with 10% other metals mixed in…typically iridium. These rings can be marked with a hallmark of “.90 Plat” as well and therefore have a slightly lower melt value than their purer platinum counterparts.

Obviously pure platinum will yield higher returns, however at around $1,322.00/troy ounce, platinum alloyed with other materials can return a surprisingly high melt value.

Is there an easy way to tell what grade a silver item is? — Austin in Naperville, IL

The easiest way without testing equipment or chemicals is to look for hallmarks that indicate whether an item is sterling silver.

You may notice small markings on items, usually found in the inside of rings, on clasps of necklaces or on the back of plates. These markings are called hallmarks and can indicate what type of metal you have and how much it may be worth. They are often extremely small so you may need a magnifying glass to read them.  As long as you bought the item from a reputable source, they tend to be very accurate.

Sterling silver items are called Sterling, Sterling Silver or Solid Silver and they are typically marked with 925, 925/1000, 92.5 or .925. The abbreviation SS is also commonly seen for sterling silver. These markings reveal that the item is made from 925 parts out of 1000 of fine silver, the minimum allowable quality for an item to be considered sterling. It is the law that the name or U.S. registered trademark of the company or person is on a quality marked silver item.  We will often ask people the brand and make of their silverware so that we can help them determine whether their silver flatware is sterling or plated although our testing equipment ultimately tells us for sure once we get the items into our facility.

For older pieces, silver may come in many more varieties.  800 silver which was 800 parts silver was very common outside of the United States and before the 1900s as were other 750, 825, and 830.

Another common form of silver on older items is 900.  It refers to coin silver which is 90% silver and 10% copper.  It’s composition was dictated by United States FTC guidelines and established in the 1820s for minting silver coinage.  As such, it is often called “coin silver.”

For further information, see video on refining silver flatware.

I am an avid metal detector user and am studying up on some of the industry terminology as I prepare to get some of the items I have found refined. For example, what is meant by “gold filled”, “troy ounce” and “pennyweight.” — Rick in Louisiana, MO

Thank you for you inquiry, following are some of the common terms used in the precious metal refining industry.

Carat – a unit of weight for gems
Karat (K, kt) – is measure of purity for gold
Fineness – the proportion of pure precious metal in an alloy, often expressed in parts per thousand
Fine Weight – the metallic weight of a coin, ingot or bar
Gross Weight – the total weight of an item, including the alloying metal
Gold Standard – a monetary system in which a region’s common medium of exchange are paper notes that are normally freely convertible into pre-set, fixed quantities of gold
Hallmark (plate mark) – an official mark or stamp indicating a standard of purity, used in marking gold and silver articles.
Luster – a substance, as a coating or polish, used to impart sheen or gloss
Ounce – a unit of weight. In the precious metals industry, an ounce means a troy ounce equal to 31.1035 grams
Spread – the difference between the buying price and the selling price of a precious metal
Troy Ounce – a unit of weight equal to 480 grains or 1/12 of a pound
Grain – the smallest unit of weight
Face Value – the nominal dollar amount assigned to a security by the issuer
Retail Value – the sale of goods or articles individually or in small quantities directly to the consumer
Pennyweight (dwt, pwt, PW) – a unit of mass which is the same as 24 grains, 1/240th of a troy pound, 1/20th of a troy ounce, approximately 0.055 ounces or approximately 1.555 grams
Hardness (HV) – sometimes called “scratch resistance,” the Vickers Hardness scale tests hardness of a metal by pushing a pointed object into the surface with a specific load and gauging penetration
Metal - any category of electropositive elements that usually have a shiny surface; typical metals are from salts with non-metals, basic oxides with oxygen and alloys with one another
Salt – crystalline chemical compound formed from the neutralization of an acid by a base containing a metal or group acting like a metal
EPNS – electroplated nickel silver or silver plate
Gold Filled (G.F.) – an item that has a thin outer layer of gold over a base metal. Items must be at least 1/20 gold by weight to be called gold filled
Gold Rolled (R.G.P) – Popular during the 19th century where a very thing sheet of solid gold is laminated to a lesser metal then fused together
Gold Plating – also referred to as electroplate (GEP), is a process where one metal is coated with another metal using electricity
Pinchbeck – gold substitute made with a combination of 9 karat gold, copper and zinc
Vermeil – usually gold plated sterling silver

Are there any precious metal terms we left out that you would like to know?

Are there differences in melt values between White Gold and Yellow Gold? — Sue in Cleavland, Ohio

For the most part, gold jewelry of the same karat value will have about the same melt value whether it is white gold or yellow gold. Aside from 24 karat (pure gold), all other karats of gold are alloys that include some other metals in them.  For example, an 18 karat gold item is about 75% gold alloyed with other metals that in turn affect the item’s color and hardness. Palladium and nickel are often used to create white gold while copper and silver are used for yellow gold.

Of course, nickel has dermatological health issues with it and palladium is expensive, so some white gold alloys actually include magnesium or chromium. Today, you are more likely to find rhodium plated gold as this metal often provides the look that consumers want, but the cost is so high that it is typically just plated onto the gold.  As a general rule, there is usually not a significant difference in melt value between an 18 karat yellow gold ring and an 18 karat white gold ring of the same weight.

24 karat gold is 99.84% gold (not achievable in white gold)
22 karat gold is 91.52% gold  (not achievable in typical white gold)
20 karat gold is 83.33% gold
18 karat gold is 74.88% gold
14 karat gold is 58.24% gold
10 karat gold is 41.60% gold
9 karat gold is 37.44% gold

I am a dentist and have some old gold crowns that I have recently taken out of patients mouths. At what point does it become profitable to send them in for refining.  Do I need to have 20-30 crowns before it makes sense? — Dr. Norton

It can be hard to judge how much precious metal is in dental gold scrap because so many different alloys are used in the industry. Typically dental gold alloys range in the 10 to 22 karat range with 16 karat gold being the most common.  A 10 karat crown would have 41.6% gold while a 22 karat crown would have 91.6% so there can be a big difference in value even for two crowns of the exact same weight.

Dentists also use a lot of silver-colored alloys for crowns and bridges that can have high precious metal content.   Despite their color, they may have a fairly sizeable proportion of gold or be made with other precious metals like platinum or palladium.  Unfortunately, without testing equipment, it is often difficult to tell the difference between these precious alloys and other “white” alloys that have no scrap value whatsoever.

Of course, the price of gold on the day your gold crowns are received for refining will also impact the value.

The last major variable is who you are going to sell this scrap to.  If you sell it to the same company that is supplying you with other dental products, then they are probably just going to take a cut and pass the crowns to a precious metal refiner.    However, if you only have one or two, they may batch it with crowns and bridges from other dentists as many refiners will not accept small quantities.
If you work with us at Arch Enterprises, you do not need a minimum quantity of dental gold to receive payment. We will evaluate your items and pay you based on the weight and quality of the gold in the crowns. We have analytic equipment that can evaluate each piece individually for the gold, silver, platinum and palladium content. We pay 85% of the metal value back to you in a check in 2-3 business days.  We are endorsed by dental associations and have worked regularly with many dentists.

If you need some basic guidelines, let’s assume that the average crown weighs 2.5 grams or about .08 troy ounces (the value in which gold is traded) and that the price for the day is $1,000 per troy ounce.  Based on this, a

• A 2.5 gram crown made of 10 karat alloy (41.6% gold) would be worth (.08 x.416 x 1,000) or $33.28 before refining costs of approximately 15%
• A 2.5 gram crown made of 16 karat alloy (66.6% gold) would be worth (.08 x.666 x 1,000) or $53.28 before refining costs of approximately 15%
• A 2.5 gram crown made of 22 karat alloy (66.6% gold) would be worth (.08 x.916 x 1,000) or $73.28 before refining costs of approximately 15%

As one of the largest silver refiners in the U.S., we process thousands of different silver items every year.  One of the most common is silver flatware.  In today’s less formal world, many of you apparently just don’t have a need for that set of sterling you inherited or those silver candlestick holders you got as a wedding gift years ago.  Check out this video where we explain some of the issues related to valuing silver flatware and weighted items.

I have a 14 karat gold ring that weighs 0.3 ounces on my postal scale. Can you tell me what the value of gold in this ring is and what I should expect to get for it from a refiner? - Bob in Columbia, MO

To determine the value of gold in your 14K gold ring, there are a few issues to consider:

• Weight - Unfortunately postal scales are not accurate enough when one is considering the valuing of a gold item, but in this case, we measured the ring that you sent in and found it to actually did weigh 8 grams or 0.2822 ounces.

• Percentage of Gold - 14K Gold is supposed to contain 58.24% gold while the rest is typically made up of copper, zinc, nickel, and other metals.  We ran your ring through our X-Ray analyzer and found that it actually contained 66.89% gold.  See Video Clip.

• Price of Gold - On July 22, the price of gold closed at $951.42 per ounce.  Keep in mind that gold is valued in troy ounces and Americans typically think of an ounce as what is termed a avoirdupois ounce.  Troy ounces actually weigh a little more than avoirdupois ounces so you actually have less than .2822 troy ounces of gold.  To get your value in troy ounces, you would actually have to multiply .2822 avoirdupois ounces by .912.

So, the amount of pure gold in your particular 14K gold ring weighing .2822 avoirdupois ounces with a gold percentage of 66.89% was 0.18877 ounces.  To figure out its value in troy ounces, we mulitplied this number by .912 to get 0.172 Troy Ounces.  Mulitplying this by today’s rate for gold of $951.52 and your gold is worth $163.79.

Of course, the refiner needs to melt this into a form that someone wants and make a profit so you should expect anywhere from 70% to 90% of this value from a refiner.  Most refiners won’t deal in quantities this low.  At Arch Enterprises, we do, but we pay on a scale that ranges from 80% for those who send in less than 1 ounce of pure gold to over 90% for those sending in over 2 ounces.

My husband and I own a jewelry and watch repair store and for years have been saving the spent watch batteries for recycling. We understand there is some silver content in many of these batteries, but mainly we just want to know that they are recycled. What can we do with these? - Gwen in Memphis, TN

Refiner Response - Gwen, it is admirable of you to consider the environment when thinking of how to dispose of these spent watch batteries. Many watch batteries are actually referred to in the industry as “silver oxide batteries” and as the name implies, they contain a small amount of silver. Most precious metal refiners are not going to be too excited about recycling these unless you have hundreds of pounds of them. Since we at Arch Metal Refining process so much silver, we are able to pay out approximately $10 to $15 per pound depending on the quality and quantity of batteries you have to refine. Obviously, the primary benefit is knowing that these batteries are being recycled and disposed of properly, but the fact that you can make a little money on them can be an added bonus.

This is probably the most common question that we get here at the Silver & Gold Refining Blog.

There are obviously a lot of companies advertising on TV offering “Top dollar for one’s gold”, but the reality is that gold is a worldwide commodity with a price that fluctuates by the minute and is posted by the commodities exchanges.

Realistically, no refiner is going to pay more than the gold is worth on the open market because the gold has a strict value which can be calculated using the following formula.

Weight  x  Purity  x  Price of Gold

There are, however, a few issues to consider:

• The price of gold is set in Troy Ounces which are heavier than what most of us in the U.S. consider an ounce (the avoirdupois ounce). So, if you measure your gold in standard ounces, you need to multiply your weight in ounces by 0.91145833 to get the weight in Troy ounces.
• How accurate is your scale? If gold is trading for $900 an ounce, refiners like us are not going to place your items on a postal scale and round up to the nearest ounce. We typically measure using sophisticated scales that measure in 1/100th of a gram increments.
• Purities vary. While most minted items are very accurate, jewelry marked as 14K gold may actually contain more or less than the 58.24% gold that it takes to classify as 14K. One can typically only tell this with very sophisticated testing equipment, but it is a consideration nonetheless.
• The price of gold fluctuates constantly during the trading day.

Based on this, people can often get very different values, but the formula should get you close.  The bigger difference comes in what the refiner, broker, jeweler, or other gold buyer pays out as your percentage.  Regardless of whom you sell your gold to, this person/company takes some risk in that the price of gold fluctuates by the minute so gold buyers often have to build in some profit to ensure they don’t lose money caused by these fluctuations.

Base on our research, the companies that spend millions of dollars advertising on TV or that travel across the country renting hotel suites and advertising gold buying events in the local paper need to make huge margins to cover their advertising expenses so they typically pay back about 1/6 to 1/2 the value of the gold and keep the rest to cover their marketing costs and make a profit.

In fact, since many of them are not even precious metal refiners, they have to pay a gold refining company to convert items like broken jewelry and such into gold bullion that can be sold on the open market.

Because of these low returns and the shady nature of many of these aggressive companies, people often recommend going to a local jeweler or coin shop that you can trust.  While these companies are not refiners, they typically have relationships with gold refiners and will often pay 1/2 to 2/3 the value of your gold as they have less invested in marketing.

As one would imagine, the best opportunity to get the most return on your gold is to work directly with a gold refiner.  These are the companies that actually melt your gold into bars and such so it can be sold to industry or minted and sold to investors.  Gold refiners typically pay out about 85% to 90% of the value of your gold although many don’t deal with small consumer transactions so you have to look around to find those that will deal in small quantities unless you plan on going into business hosting your own gold buying parties.