I personally figure that $4 or $5 per gram is fair
So you would buy at 33 - 45% off new gold of the same karat. And
would that include the weight of any minorstones in the settings?
Yes, to the gold question, because of the risk I’m taking in buying
unknown gold. As to stones, if they’re diamonds, or stones with some
value to me, of course I pay customer for them, in addition to gold
value. Any other stones, mostly the value is negligible.
By "fake" do you mean legit gold filled stuff, or do you
mean stuff that's been engineered to con you?
I NEVER re-use the old gold for manufacturing. I sell it to a
refiner and buy pure gold or casting alloy. I would guess that's
for liability reasons, but a refiner charges a fair bit, doesn't
he? What's a typical fee for a small lot like an ounce or two?
Actually, it’s because I want to sell a quality product, and I cannot
control the quality of metal which I use unless I control the alloy.
Fee is not high, and is built into the transaction. Example: I have
one Troy ounce of mixed scrap gold, which is theoretically 14K. It
assays at 13.6 Kt. The refiner will pay me for the amount of pure
gold (less than an ounce ) I can have a check, but I usually let him
pay me in fine gold OR casting grain. You’ll have to shop around in
By the way, the assayist should be a different person than the gold
dealer/ refiner. (Eliminates teptation.)
Lord of the Rings
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