Hello, I have been in the rare coin and paper money industry for some time and I have in the past few months started to buy scrap jewelry and other “unwanted” items from people all across Northeastern United States. I was wondering if I could have the scrap gold items melted down by a refining company and receive coins, bars, or a “brick” of the refined metal in return? Thanks so much. – Craig from Hershey, Pennsylvania
Because we are a gold refiner and not a gold mint, we typically pay for scrap gold with cash (technically a check…but you get the point). Unfortunately the raw gold generated during the refining process is not marked, stamped or hallmarked.
Given this, we sometimes return payments in the form of silver or gold minted coins or bars instead of cash, but there are additional fees involved. By using minted coins or bars, there will be no questions to the value of your gold or silver and you will be able to hold the items as investments.