e-Scrap

[wirelessdog]

Long time dealer of scrap gold silver and platinum.

Looking to start dabbling in eScrap.

My refinery I use for the silver says eScrap typically melts at $5-$15 per pound in mixed batches. They pay on gold content only. They charge a $200 processing fee to process the eScrap. They have always treated my fairly on silver but the gold I have sent them has always come out weird. I'm convinced there is some cheating going on with the gold they process.

My questions:

1. I'm not sure what would be considered a large batch of this type of scrap. We have probably accumulated 1 ton of clean material. Does it make the most sense to have a refinery process the material or sell it to one of the per pound places?

2. If it does make sense to actually process the material is it unreasonable to try and find a refinery that will pay on any gold, silver and platinum content as opposed to just the gold? Does such a refinery exist?

3. Is $5-$15 and an average of $10 per pound realistic?

4. Are there any refineries that process this material in the Baltimore/Philly/DC area? It seems like cost will be an issue with shipping, no?


Thanks!

 

[Smack]

Long time dealer of scrap gold silver and platinum.

Looking to start dabbling in eScrap.

My refinery I use for the silver says eScrap typically melts at $5-$15 per pound in mixed batches. They pay on gold content only. They charge a $200 processing fee to process the eScrap. They have always treated my fairly on silver but the gold I have sent them has always come out weird. I'm convinced there is some cheating going on with the gold they process.
Thanks!

They pay on gold content only? That alone is enough reason to find a better refiner. Find a place that pays on Au, Ag, Cu, Pd and Pt. The amount you get paid for your material is dependent largely on the condition and grade of the material your taking in, not to mention processing fees and market prices. $15 per pound on misc. circuit boards would have to be heavy on memory and or processors.