Raw Gold Ore Testing from Gold Panning
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!
Tags: gold, gold scrap, raw gold
May 14th, 2010 at 12:45 am
I found some gold ore with quartz and it had silver in it as well as gold cause part of the rock I crushed and me and a old time prospector panned it and he confirmed it was gold as well as a good amount of silver in the rock, I would like to have a reliable company analyze it. also I found a good source of copper do you deal with that?
June 8th, 2010 at 2:08 pm
Hi Cory,
I am glad you found our precious metal blog.
To answer your question, we could test your material for the fees mentioned above and if we end up refining your material, you will not be charged for testing.
However we do not refine scrap copper. Thanks for your question!