Buying from Dentists

peaksilver2012 · Jun 14, 2009

Harold_V said:
Fair?

As a refiner, my fee was 10% for processing karat gold. It was higher for processing low grade waste materials, polishing wastes, floor sweeps, filters, gold filled, I charged 15%. I was more than busy. If the yield exceeded ten ounces when processing karat gold, I reduced my fee according to the yield. Often down to 8%.

YMMV.

Harold

So just to confirm, your % fee was collected as a cash payment at the time of delivery based on daily spot price? And was that figure determined at the beginning of the transaction or at settlement when the job was done?

Hope you understand the question-I'm trying to be succinct so as not to bore anyone with long-winded queries.

Thanks Harold. I appreciate your willingness to share your refining expertise as well as your extensive knowledge of the business end of PM recovery.

Oh, and what is YMMV? lol

Preston

leavemealone · Jun 14, 2009

Oh, and what is YMMV? lol

rofl.....this is one thats taking a while to catch on.It has 2 different meanings(and both could be used here.lol)but I am sure he means it as,"Your method may vary".The other one is,your mileage may vary.
Johnny

Harold_V · Jun 14, 2009

peaksilver2012 said:
So just to confirm, your % fee was collected as a cash payment at the time of delivery based on daily spot price? And was that figure determined at the beginning of the transaction or at settlement when the job was done?

I can see how that may not be clear.

My fee was collected at the time of settlement, in the way of withholding the prescribed percentage in metal. In order to convert to cash, I would sell my personal gold as required.

There is method to that madness. Not all people are honest. Were I to trust others to pay the bill after the fact, there is no doubt in my mind, I would have lost money to a few. As it was, I lost (well under an ounce) when I advanced gold to one of my irregular customers, who didn't have enough waste to cover the advance, then conveniently forgot who I was.

Oh, and what is YMMV?

Johnny covered it, but my intended meaning is "your mileage may vary", which is a broad way to look at potential results of any endeavor. In the hopes of not sounding like I'm bragging, my refining operation was successful because of me----and my chosen methods of operation. It was sold twice when I retired, with the first party doing serious damage to the customer base, and the second owner killing the operation within a few months. The legacy I created was destroyed by others, who were interested in the profits, but not the work involved.

I was fortunate. I retained an attorney for the sale. I received full payment.

Harold

Anonymous · Jul 14, 2009

61 silverman said:
Hi everyone I just picked up these discs for making GOLD CROWN's when I tested them for gold content using touch stone and acid's I came up with 12kt, Would this be correct for dental gold..

These were disks used in a technique to make ceramic crowns,thus the gold content may be low but there may be platinum or palladium alloyed into them to raise the melting temp above 950 deg cent so that one could bond porcelain onto the gold .I think it was called "Sunrise" system.