92%, Cash. No receipt
NTR, changed to Elemetal pays 98%, usually 1/2-1 hour wait time.
UMICORE in Canada charges a $125 (Canadian) refining fee and pays 98% of the assayed / recovered elemental gold. They also pay 90% of the assayed amount of silver contained in the gold.
in Ireland we have lots of cash for gold shopsâŚif there is any there you could find out their prices and work from thereâŚ
if i can buy refined assay quality i will be offering less than that.
so somewhere between the twoâŚ
but having said that most of the old jewellery here would have a Hallmark.
Joe
For those who are not that knowledgeable about Hallmarks. Here is something I learned; Hallmarks are not stamped in the mfgâing factory. They have to be sent to an assayers office. Everything must have the karat stamp, where it was stamped. Then another stamp for the year it was stamped. I wish these rules and laws would apply here!
BTW, what I hear is that the âyearâ stamp changes ever year or two! I stand to be corrected if Iâm wrong.
Some years ago there was a local company selling rings so very cheap, how so? He stamped his own rings 14kt. but each ring was 12.5kt.
The govât walked in and scanned the tray full of retail ringsâŚwoopâs every ring was under-karat!
The retailers around this province were told to stop selling them, immediately! The company went bankrupt just avoid giving the store the difference!
Hallmarks would avoided this problem. My jewellery is always âover-karatâ, just in case!.
Gerry! from my Toronto iPhone!
1-905-886-5961
If youâre buying it off the street as part of your business you really have to do it like Mr. Wade describes. Besides having a profit motive, youâre taking a risk as well as you are supposed to sit on your purchase for as many weeks as the local authorities require before selling. They do that in case the merchandise is stolen, to give the police time to chase it down. By the time you legally can sell it the price may have dropped. Itâs a risk that may have an unpredictable cost.
If itâs for a friend or a business to business transaction, then I give them very close to market value. More like the 10% off that Jo described.
Mark