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
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!