Gold Refining Process and Payments – Sell Your Scrap Gold
Have scrap gold that you are looking to turn into money or pure gold bars?
With the ability to both refine gold and create hand poured bars in-house we are able to offer industry leading scrap prices. Many other refineries can only do half of this process and therefore pass the additional costs onto the consumer and pay less for your gold scrap.
We accept many forms of gold items, and have created a list below to show some of the most common things we handle on a day-to-day basis. Generally the only form we will NOT accept are items that are gold plated. If you have any questions about the process or the eligibility of your items you can contact us by email here, or call us at 970-797-0435.
|Accepted Forms of Gold|
|-All karats of gold: 9k, 10k, 12k, 14k, 16k, 18k, 20k, 22k and 24k|
|-All colors of gold – red (rose), yellow, and white|
|-Placer and natural nugget gold Lumps of unknown gold/melted gold alloy, dental gold Broken jewelry in any condition.|
|Scrap Gold Payment Rates|
|-Less than .5 oz 90%|
|-Less than one oz 95%|
|-1-2 oz 97%|
|-2-7 oz 98%|
|-7-10 oz 98.5%|
|-10-50 oz 99%|
|-50-300+ oz 99.3%|
Step One: Documentation and Shipping
Begin the process by printing a Refining Request form and filling out the top contact portion, this document can be found here. After all current information is added to the top of the form securely package your scrap metal for shipping. We recommend sealing the scrap in zip-lock bags, and then using either a bubble mailer, or one of the priority mail cardboard boxes that are provided free by the USPS. We recommend getting a delivery confirmation number with every package and insurance if needed. Be sure to include all of your scrap as well as the request form with your contact information on it and mail to:
309 S Summit View Dr
Fort Collins, CO 80524
Be sure NOT to put Prospectors Gold and Gems on the package or anything that may indicate that something of value is inside. This will help to ensure it arrives safely. Also since we offer the service of purchase or conversion into bars please let us know if your are either A) Selling the results OR B) Requesting product return and what you would like the metal made into.
Step Two: Examination and Recording
First your gold order is looked over to be sure that it is gold. Non gold items are pulled and separated if easy and noticed and can be returned.
Step Three: Metal Verification
The gold is them melted into a homogenous bar so the alloy is even for assay and testing.
Step Four: Test and Assay
Assay work is started to determine the exact gold content so you can be paid for the values.
Step Five: Refining
The gold is then prepared for purification. The surface area is expanded and alloy corrected for optimum refining results. The Gold is dissolved in a chemical solution based on its composition and selectively precipitated out of solution rinsed and melted to give us 999+ gold, Industry standard is 995 but we take it further.