selling dental gold

[buccalgroove]

I have 38.2 ozt dental gold. Most of it is 75% gold, 16% silver, 3% palladium, and 4.5% copper. With this amount of scrap would I expect to be paid for the gold only, or for the other metals also. If so at what % should I be paid. What is the going rate for refinery to charge.

First time poster with little experience with these transactions and don't want to be taken advantage of.

Buccalgroove

 

[goldsilverpro]

Is it yellow or is it white - this is the most important question? How old is it? Is it in the form of appliances that have been in people's mouths or is it bars (or, whatever) from suppliers of dental gold alloys used by dentists for casting? If the latter, is it stamped? Do you work for a cremation company? If not, how did you obtain this material? What makes you think it is 75% gold? How do you know the content of the Pd and the base metals? Do you have photos?

No one wants to take advantage of you. However, with that much gold ($40K), we must zero in on what you have. It would be best if you could answer all my questions and give us photos. No offense intended.

 

[Lou]

I'd be interested in buying all of it.


Typically the payout on other metals is low or nonexistent--they're often considered a boon to refiners.


Lou

 

[buccalgroove]

I am a dentist and do all of my own castings. It is yellow gold and I purchase the gold and know the specs of the gold I use. Some of the gold was recovered from the patient and some is in button form.

I have been collecting this for many years, and would like to sell it but don't have any experience in the process. Just don't want to be taken advantage of!!

 

[jimdoc]

Just don't want to be taken advantage of!!

Lou is probably your best person to deal with for what you have.I would have no problem dealing with him with large amounts,if I had them.

Jim

 

[goldsilverpro]

I agree. Lou will definitely not take advantage of you.

 

[EDI Refining]

And if your in Canada, I will quote on the lot

 

[Ocean]

your what? :?:

 

[Harold_V]

your what? :?:

<<<<<Chuckle>>>>>

You're starting to sound like me. :lol:

Most folks would choose you're (contraction of two words "you are") in place or "your" (meaning it belongs to you) for that statement (And if your in Canada,).

Harold

 

[HAuCl4]

I have 38.2 ozt dental gold. Most of it is 75% gold, 16% silver, 3% palladium, and 4.5% copper. With this amount of scrap would I expect to be paid for the gold only, or for the other metals also. If so at what % should I be paid. What is the going rate for refinery to charge.

First time poster with little experience with these transactions and don't want to be taken advantage of.

Buccalgroove

If you do a little "pre-refining" yourself, you should have no problem getting 98% of the spot price for your gold and you get to keep the other precious metals for yourself, since you'll be shipping the gold only.

The pre-refining need not be anymore that a simple inquartation and parting with nitric acid. Your gold will become 99.5% pure or better, with care and thorougness you may even get 99.9+ %.

If you are still in the dental business, you may even consider re-using some or all of this refined gold in your patients.

Selling it all out is also an option. There are several members here that will purchase it.

 

[Oz]

Pre-refining is a waste of time and expense for .750 gold if you are sure of your alloy and its gold content. Pre-refining only makes sense if you can reliably produce .9995 gold and sell it to an end user as fine gold for a premium over spot, or if you are unsure of the gold content of scrap and need to refine it to determine the gold content.

If you are selling gold to a refinery they must re-refine it to be sure of its purity going out of their door as their reputation is on the line. This individual seems to have good reason to be sure of his gold content of .75%. That purity is the same as 18K and can be sold all day for the same percentage of spot as a 99.5% button to a refinery.

The big question here is being dealt with fairly and honestly especially considering the nature of this material. Anything out of the normal karat jewelry scrap and most refineries will take advantage of “gray” areas and undervalue it. Frankly most refineries will cheat you on karat scrap unless you have built a long term relationship with them.

P3M has a good reputation from some here selling to him, but I have not dealt with him personally. As to Lou, I would trust him with a $100,000.00 lot with no fear. With both of these members it is a question as to country of origin vs destination that could be of concern with duties and taxes.

 

[HAuCl4]

Maybe you are right Oz.

I would always go with my preferences though, and keep the palladium and the silver totally out of the equation, with a very simple procedure, and have a pretty certain idea of what I'm getting for my certain amount of grams in nearly pure gold.

98+% of spot is (or should be!) a given for 99.5+% fineness. I have rarely sold at 98% to refiners since I can sell at spot+ or exchange for discounted scrap with jewellers, them accepting my claim of 99.9+% material, which it is.

It's a while since I did 38 Oz at a time though.

I simply gave him all his choices. I agree that selling for cash is the fastest, most hassle free choice.

That purity is the same as 18K and can be sold all day for the same percentage of spot as a 99.5% button to a refinery.

This statement of yours I mainly disagree on. It is not often that you find a refinery that pays 18K and 99.5+% the same discount under spot. And none or very few will likely give you credit for silver or palladium.

Cheers.

 

[Oz]

Perhaps I should clarify a little.

If I had the material I would of course refine it to claim the silver and palladium. It is cost effective for me because I already have the equipment and experience. However it is not cost effective in dollars or time to buy the equipment and chemicals and learn how to refine it for this lot unless one plans on doing refining in the future. If the numbers above are accurate we are talking about 1.14ozt palladium and 6.11ozt silver, so the silver and pd could pay for setting up a small lab but there is little point if you have no further use of refining equipment.

Another consideration is that most beginners often have losses of values in their learning curve attempts that could easily cost more than any potential gain as well.

So for a “one shot deal” I see it as a waste of time. Just one man's opinion.