• 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 and returned. – 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 a highly trained metallurgy team to handle the recycling of dental scrap, but it is still a difficult process compared to coins or jewelry.

As a general rule, most gold teeth are 16 karat gold. We have seen, however teeth that are below 10 karat. Gold teeth are typically easier to handle and refine than crowns and bridges. A 10 karat crown would have 41.6% gold while a 22 karat crown would have 91.6% so there can be a significant difference in the gold value even for two crowns of the exact same weight. We pay between 70% - 90% of the fine gold value of dental gold depending on the weight of the gold you send.

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

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 steal 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’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 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 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 watch gold fever on the outdoor channel on Saturday morning. If I had the supplies, I think I would try panning myself. I asked the pawn shop if I could bring it there if I found any gold. She said they could test it but didn’t say if she would buy it. Do I deal with a pawn shop or you guys with raw ore like that? Giving 1 oz as an example, and todays prices, how much does testing cost and the net cost after testing? — Sue

Hi Sue!

You can send us samples of the raw ore and we can analyze them for $75-$150 depending on the size of the rock you send us. If we end up refining it we will not charge you the fee for testing. We can return to you a large percentage of gold value after refining but the exact amount will depend on the quality and volume you find.

Be careful when dealing with pawn shops and selling raw gold to them. Because they will most likely sell the gold to a refiner like Arch Enterprises themselves, it’s in your best interest to sell directly to a refiner without middleman pawnshops. Hope this helps, good luck panning.

Thanks!

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.

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%

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.

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.