I have .52576 oz Yellow Dental Gold And .73968 oz of Hi Noble Dental Gold. How much can I receive for this material? –From a dentist in Chicago, Illinois.

Thank you for your question. Because dental gold is usually not marked, it can be difficult to determine the gold purity without the right testing equipment. That is why selling this type of gold at a pawn shop or gold party may not yield the highest or more accurate returns.
Most dental gold is 16k gold which is 66.66% gold. However, we find dental gold to be as high as 85% gold while other dental gold items have been as low as 15%. We run tests with an XRF analytical machine to determine how much gold is available to refine.

With the amount of dental gold you have, we would estimate that we could offer about 85% of the gold value back to you. As the price of gold changes daily, we use the price of the day that your shipment arrives at our facility.

Find all of our blog postings about selling dental gold on our dental refining category.

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

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EVERYONE HAVE A SAFE AND HAPPY NEW YEAR!

We will see you in 2012 and be here answering more questions about your precious metal items. Don’t hesitate to ask us about your gold and silver and request an estimate!

I have about 12 ounces of jewelry scrap from about 60 years ago. I think it might be gold but have not gotten a definitive answer yet. Can I send you some samples? I also have 5 to 10 pounds of old sterling silver and would like to know its value (buckles, money clips, pins, etc.) Can you also let me know if you would be interested in buying it? Thanks. From Mary in Rochester, New York

Hi Mary,

Thank you for your question. Sounds like you are doing some cleaning which could result in some extra cash for you, which is always a plus.

Since you are unsure about the purity of your gold items, we would test your pieces, refine gold that is9 karat purity (37.44% gold) or more and then either send back what is not able to refine or we could recycle it for you. If you have specific instructions for us, please indicate those on our packaging slip.

5-10 pounds of sterling silver is a large range. If your pieces are pure sterling silver, 92.5% silver, at a $35 silver price, 5 pounds of sterling silver could be worth over $2,000 silver value.  Arch would be able to pay 75% of the silver value back to you on your pieces. However, if not all of your pieces are sterling, we would recommend sorting the items you know are sterling and then check to see if your other pieces are sterling or not.

It may be better to send all of your pieces together, but would help if you kept the gold separated from the silver in different bags.

Hope that helps! Let us know if you have any more questions. Or you can upload an image to show up on our Contact Form.

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

Question: I have 59.50 grams of 22 kt yellow gold of handmade jewelry from India. Includes 1 necklace, 2 bracelets and 2 earrings. — From Aasha in Dallas, Texas

Hi Aasha,

Thank you for your submission. Gold jewelry from India is usually of very high quality and made with a very high gold content, giving the gold a yellow color. 22k gold is 91.52% gold alloyed with 8.48% of some other type of metal.

Are there any hallmarks or markings that prove the purity of your items? Since you indicated that your items are handmade, we are guessing that there are not hallmarks. We run unmarked pieces through our XRF analytical testing machine that uses x-ray technology to tell what these pieces are composed of. We find that with handmade jewelry from India the standard percent of 22k is not always exact. Sometimes there is a little more and sometimes a little less to recover.

As precious metal refiners, we will pay on the value of your items according to how much gold there is to refine (weight), how high of gold content your items are (purity), and the current price of gold.

Also keep in mind that gold is measured in troy ounces. 59.50 grams = 1.913 troy ounces. Based on our payout schedule, we would be able to offer 85% of the gold value back to you.

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

Does gold over sterling jewelry have any value as scrap? Thanks! From Sherri in San Antonio, Texas

Hi Sherri,

We have been getting a lot of questions about silver and gold plated material. In most plating situations the plate really does NOT have any value. Silver and gold plating techniques have made it so that only a very small amount of actual gold or silver is used in the plate and makes it impossible to recover or separate from the metal underneath.

We tell people that it is the metal UNDER the plate that will either have value or not. In your case, if your jewelry is sterling silver than your pieces would have value for the silver only, not the gold.

In other cases where the metal under the plate is a “base metal” – iron, nickel, lead, zinc or copper, the value of the pieces will be significantly less than those made with a precious metal – gold, silver, and platinum. As precious metal refiners, Arch would NOT be able to refine anything made from one of the listed base metals.

If you would like an estimate on your sterling silver jewelry, please give us some more information about your pieces on our Request an Estimate Form. Thanks!

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

I have assorted 14 K jewelry consisting of 3 bracelets and three rings weighing 96 grams. What would you anticipate the shipping cost to be? From Molly in Los Angeles, California.

Hi Molly,

The great thing about gold is that you really don’t have to have much in terms of weight to have a very valuable shipment. So it is relatively inexpensive to ship, but the return can be great.

We would recommend sending in a bubble envelope. Flat rate services for priority mail envelopes with USPS is $4.95 for sizes 10″ x 5″ through 12-1/2″ x 9-1/2″. These envelopes will ship anything under 70 lbs. We would also recommend checking the “Signature Upon Delivery” option and Requesting an Estimate on your items so you know how much to insure the package for. While not a requirement, we would recommend insurance for valuable shipments. These services with the USPS start at $10.75. Packages can be insured for up to $5,000. Registered Mail service can be insured for up to $25,000.

Learn more about adding insurance to USPS packages here: https://www.usps.com/ship/insurance-and-extra-services.htm.

Visit our page about Shipping Precious Metals and let us know if you would like a free estimate on your pieces. Thanks!

I have two pocket watches. One weighs about 46 grams the other about 22 grams. Both are marked 14K. From Uriah in Kalamazoo, MI

Hi Uriah,

Thank you for your question. Old gold jewelry is very common for selling for the precious metal value. Keep in mind that as refiners, we will buy your watches based on the gold value alone, whereas other buyers such as pawn shops and jewelry resellers might buy for the watch functionality. Think about if your watch has any value because of the collectability, rarity, beauty or function. If you think that is has value beyond the gold value, please look in to checking with a jewelry dealer.

If you want to get a better idea of what the gold value of your watches are, we recommend stripping down the watches by taking out as much non-gold items as you can. All of the non-precious metal watch mechanisms should not be included in the weight of your gold. Note that by doing this you may be damaging the watch beyond repair. This would not affect the gold value, but would affect the retail value mentioned above. Another item you may consider is the chain (if there is one) on the watches. If they are marked (look on the clasp) a karat purity of gold then add them to the gold weight/total. If they are not marked then they may not contain gold.

Being 14 Karat, the gold in your watches are 58.24% pure gold. Our payout schedule varies according to how much gold you have. See our Karat gold jewelry payout schedule on our website.

Thanks!

* Please keep in mind that we are not jewelry appraisers or dealers and cannot give estimates based on the value of collectable, rare or vintage jewelry. As a precious metal refiner, we only give estimates based on the weight of items and the amount of precious metal available for recovery.

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

What is 14 milligrams (mg) of gold worth? I am considering purchasing some Buffalo tribute coins that are clad in 14 mgs of pure 24 kt. Gold and want to know what this gold is worth. Thanks from Julie in Chicago, Illinois.
Hi Julie,

Gold is measured in troy ounces. When you see the daily price of gold, you are mostly likely seeing the price per troy ounce. This can be confusing when you are working with other units of measurement.

Here are some quick conversions to give you an idea about how much a troy ounce is in comparison to other units of measurement.

1 gram = 0.0321507466 troy ounces
1 milligram = 0.001 grams
1 milligram = 0.0000321507465686 troy ounces

14 milligrams = .0004494 troy ounces

Now that we have done the correct conversion, let’s talk money! Today (8-3-2011) the price of gold is at $1,637.50 USD per troy ounce.*

1 troy ounce of pure gold = $1,637.50 USD*
1 gram of pure gold = $52.65*
1 milligram of pure gold = $0.05*

14 milligrams of pure gold = $0.74*

As you can tell, 14 milligrams of gold is small. Plus these coins are clad (or covered) in gold and not made from solid gold, so it is not like we could even refine this small amout of gold from these tribute coins.

See more information on the Gold Buffalo Nickel Tribute Proof.

*Prices given reflect the price of gold when this blog post was written. Gold price may or may not be the actual current price of gold.

What is the value of the Gold Buffalo Nickel Proof by National Collector’s Mint? From Dan in St. Louis

In order to comment on your questions, we reviewed the company’s commercial on their website and uses some terminology that is confusing people.

Please read our translation of this TV advertisement. You have to “read between the lines” of the commercial and catch all of the important bits of information.

The bottom line is that these tribute gold buffalo coins that you see advertised on TV have no gold value. People wishing to invest in gold should not buy these coins. Think of them more like commemorative spoons or plates.

How much can i sell my 18 karat gold bracelet with the stamp 750 that weighs 52 grams for? Thanks! — From Cory in Seattle, WA

Hi Cory,

This is a great question to plug into our gold conversion calculator. This is because there are a few calculations that you have to do before knowing what your gold is worth.

You first have to convert the weight of gold jewelry into troy ounces without any other gems or stones. That is the unit of measurement used for precious metals.

Then you have to use the current price of gold and multiply it to how much actual gold you have. With your bracelet being 18 Karat, your piece is 74.88% gold. The stamp on your bracelet 750 indicates that it is 18 Karat gold that is about 75% pure gold.

Your 52 grams converts into 1.67183 troy ounces. According to our payout schedule we would offer you about 85% of the pure gold value. For larger lots we can sometimes offer over 90% of the gold value.

Note that the calculator provides an approximate value for the amount of fine (or pure) gold or in your item. It does not factor in intrinsic value that may apply to rare collectibles and coins or branded jewelry.

*Price of gold used in this calculation may not reflect the current price of gold as it changes daily.

Thanks for your question. Here are some other blog posts that might help you in finding the value of your gold bracelet.

http://www.precious-metal-refining.info/what-are-my-14k-gold-wedding-rings-worth/
http://www.precious-metal-refining.info/value-of-14-k-gold-jewelry-precious-metal-refining-blog/

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

I have two 14 K white gold weddings bands. Together they weigh about 0.35 ounces on the digital postal scale. How much do you think they are worth? Thanks. From Paul in Pittsburgh, Pennsylvania.

Hi Paul,

There is usually not a significant difference in the melt value between white gold and yellow gold. The plating used over the gold to make it silver/white in color accounts for a very small portion of the ring’s weight.

I would recommend using our gold calculator to help determine how much your gold rings are worth.

First, go to our gold calculator page here: http://www.archenterprises.com/silver-gold-calculator.html. Most likely your postal scale measured in average or standard ounces, so choose that option.

Second, click on the silver/gold link that takes to the current precious metal prices. *Today gold is trading at $1,406.20 USD per troy ounce. Don’t worry that you weighed your items in standard ounces, because the calculator will convert the measurement for you. Plug the price of gold in the calculator and you should be ready to click the “Calculate Value” button. See the calculator screen shot below.

This calculator gives you the approximate market value of your items without anyone taking any percentages.

Third, visit our Payout Schedule page here: http://www.archenterprises.com/precious-metal-payout-schedule.html. Since you have less than 0.5 fine ounces of gold we could pay you 70% of the fine gold content back to you.

*Gold price taken may not reflect the current price of gold.

What karat weight are gold teeth? From Hank in Wichita, Kansas

Hi Hank,

Because dental gold is not marked 10k or 14k like gold jewelry, it is more difficult to assess the karat weight unless your dentist tells you this information beforehand. It can even be hard for any pawn shop or jeweler to assess if they do not have the right equipment to measure exactly what other metals are alloyed with the gold in your teeth.

Most dental gold is 16k gold which is 66.66% gold. However, we find dental gold to be as high as 85% gold while other dental gold items have been as low as 15%. We run tests with an XRF analytical machine to determine how much gold is available to refine.

Dentists should give your dental gold back to you if it is removed or replaced. Whether or not they intentionally keep it, you should make sure to ask for it back. They may also be able to tell you what karat weight is in the teeth they use.

I have a good amount of 925 silver jewelry, as well as some 14k gold, and some 22k gold from India. I may be going into the gold buying business and I have a question. What you are paying per troy oz of each? I know it depends upon the daily precious metals market, but is there a standard percentage of that you pay? Please advise, Thanks! From Jack in Birmingham, Alabama.

Hi Jack,

We do work with many people and stores that run gold buying businesses so we may be able to help you. As you noted in your question, the market price of silver and gold will have a major influence on how much we can pay for gold and silver items. Because these prices fluctuate daily, we use the commodity price of the day that we receive the material at our refining facility.

On 925 sterling silver items we typically pay 75% of the fine silver content by weight because the value of silver is relatively low when compared to gold and yet the time and energy involved in refining the material and running the transaction through our system is similar. Since gold is trading for over $1,000 UDS per troy ounce all of this year, we can pay a higher percentage based on the amount you send and the purity of your items. Keep in mind that it takes about the same amount of energy to refine 1 ounce of gold as it does to refine 3 ounces, so it is more cost efficient for us to refine larger quantities at one time. For estimation purposes, we typically pay out according to the schedule below:

• 70% of the fine gold value by weight for less than 0.5 fine ounce of gold
• 80% for less than 1 fine ounce
• 85% for 1-2 fine ounces
• 90% for more than 2 fine ounce

We do offer slightly higher returns to many of our customers who run gold buying businesses and meet our frequency and volume minimums. Arch is accredited by the Better Business Bureau and maintains fast, professional service in an industry where ethical business practices are many times questionable. We are here for our customers to answer questions on our blog and are always just a phone call away.

Good luck in your new business.

If you’ve seen this morning’s financial news you probably saw that the market price of gold touched $1,300.00 U.S. dollars per troy ounce today and many of you have been asking me if it a good time to sell gold.  The answer to this question is that it’s a better time to sell than when it was at $1,200 per ounce, but realistically, one can only speculate as to where the price of gold or any commodity will go in the future.

As a general rule, investors turn to gold and other precious metals when there is a great deal of uncertainty regarding the values of traditional currencies and investments.  There is currently a great deal of speculation that the U.S. Government is trying to keep the value of the dollar low in order to make U.S. exports more competitive in a global economy in the hopes that it will help its economy and create more jobs.

The general state of the economy, low interest rates and overall anxiety related to government debt lead people to consider safer, more tangible investments like gold and silver.  As a result, the spot price of gold has risen and some economists don’t see it stopping here.  David Rosenberg for one has been quoted as saying “Forget Gold $1300, It’s Going To $3000.” See Business Insider.

Other economists subscribe to the theory that gold tends to be an investment that people turn to in uncertain times and warn that if the world economy stabilizes, gold will pull back.

So back the question of whether it is a good time to sell gold?

Since we refine gold and try to not get involved in speculating on gold prices, I would say that compared to historical prices, it is a good time to sell, but if gold prices to continue to inch upward you may want to wait.  In other words…I don’t know.

I have just obtained hundreds of pieces of 12-14k gold filled jewelry. Do you think its value could be more than the postage to send it to you? Thanks. From Jamie in Springfield, Missouri

I have some scraps of 14k/20 gold filled pins which I usually make earrings with. I thought about tossing them out, but I did some research and read that it might have value to it. Do you know if my 14k/20 gold filled pins have any value to them and will it be worth it to take these to a refinery? From Elle in Lincoln, Wisconsin

I have two pairs of eye glasses that except for the lens are gold-filled. They are old glasses so the frame isn’t light. I am sorry I do not have a picture but am glad to post one if you do buy gold filled. Thank you for your time. From Randy in Greensboro, North Carolina

Hi Jamie, Elle and Randy,

The term “gold filled” refers to a technique used to make items look like they are made from solid gold, but that cost substantially less. In some ways, it is similar to gold plating in that a thin layer of gold is applied to a base metal in order to achieve the gold appearance. Unlike plating, however, gold filled items typically utilize a hollow 10k or 14k gold tube that is filled with another less valuable metal such as brass and are marked with a “GF.” A similar process known as “rolled gold” or “rolled gold plate” employs the same methodology, but utilizes a sheet of thin gold laminated to the base material.

While not solid gold, gold filled and rolled gold items typically contain much more gold than the microscopic layer of gold placed on items with today’s electroplating processes. Gold filled also differs from electroplated gold and gold plate because in the US it is regulated by the Federal Trade Commission and has to contain a certain amount of gold to be marked GF. Given this, gold filled jewelry can return a value, but you typically need a fairly significant amount of material to refine to make it worthwhile.

The math in determining the value of gold filled jewelry is a little more complex than trying to determine the value of a solid gold item. Gold filled pins marked 14k/20 should indicate that the pins use 14K gold, but that only 1/20 of the items weight can be attributed to the 14K gold content. To determine the items approximate value, you should take the item’s weight and divide it by 20. You can then plug this weight into our gold value calculator to get a feel for the amount of gold in the item. Obviously, determining the weight can prove to be very challenging if the item includes other elements aside from the gold filled components.

In addition, since there is very little gold content in these items, the time and energy to refine the precious metal from the other metals is greater than with solid gold. Given this, gold filled jewelry is typically not worth very much unless you have very large quantities of it.

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.

I have one gold bracelet and one gold necklace stamped “14 KT.” Together these items weigh about 2.6 ounces. Is now a good time to sell gold? From Lisa in Stockton, California

Hi Lisa,

Thanks for your question. Gold has hit record highs this year. Even though the price of gold fluctuates every day, it has stayed above 1,000 USD per troy ounce since last fall and currently resides at more than $1,200 USD per troy ounce, which is near its highest point in the last decade. As far as answering the question about when the best time to sell gold is, this is probably better handled by an economist than a precious metal refiner.

The price of gold is set on the open market and is affected by conditions in the global economy. Like the U.S. economy, many country’s economies are experiencing challenging times and investors fear that companies will fold, countries will default on loans, and currencies will devalue. These factors and others drive the price of gold up as investors see it as a safer investment.

So, while I won’t speculate that gold is currently at the highest that it will reach, there is certainly no argument that gold is at a historical high. See chart from http://www.research.gold.org below. So you may find it to be a good time to sell.

You can check the current prices of commodities including gold and silver here: http://money.cnn.com/data/commodities/index.html.

Jonathon from Grand Rapids, Michigan asks “I have about 3 pounds of mostly gold dental scrap including a number of gold teeth and bridges that my late grandfather accumulated over the years in his dental practice. How do I figure out what this is worth and where can I sell these items?”

Question from Mickey in Tulsa, Oklahoma: I have a three gold teeth and a dental bridge originally formed in 1974 I want to sell.   Can you help me determine what this is worth?

Hi Jonathon and Mickey,

Determining the value of gold teeth, crowns, bridges and other dental scrap can be very challenging because dental gold is often alloyed with many different metals and over the years, we have received dental gold that ranged from 10 to 22 karats.  Since the grade of the gold significantly affects the value of the items, we often have to run the items through testing equipment to determine the precious metal content percentages.

It can also be difficult to determine the exact weight of items like crowns as they often have parts of the tooth and other dental material still attached to them. Due to these factors and the more challenging refining process associated with dental gold, we usually pay between 80-85% on the fine gold content depending on the amount one sends in to be refined.

We also tell people to consider the silver-colored alloys that are used in dental scrap such as crowns and bridges. Don’t discard this material before knowing if it is precious metal or not. Despite the color, this material may contain gold, platinum or palladium. If these items have any value, our analytical equipment will be able to determine their value.

In regards to your questions “Where can I sell gold teeth?” there are a number of dental product distributors that buy scrap dental gold and send it to companies like us for refining.  If you want to deal directly with a refiner, Arch Enterprises is a member of the National Association of Dental Labs, endorsed by the Kansas Dental Association, and works with consumers, dental offices and laboratories across the country to refine the precious metals from dental items.

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.

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 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 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 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 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’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.

* Price reflects the price of silver when this blog article was published and my not reflect the current price of silver, which changes daily.

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.