Giving Dental crowns back to the patients

Should I give the dental extractions back to the patient?

I have worked in this industry, for quite some time, and in my conversations with Dentists and Oral Surgeons, I advise against giving the extracted dental crowns back to the patients – unless they request.

These dental crowns, whether gold/silver crowns or porcelain fused to metal (PFM) crowns, should not be handed over the patient because a pawn broker:

1). Will not give them anything for the PFM crowns

2). Will give them very little on the gold or silver crowns

Simple, it isn’t worth their time to take them back. However, I understand if a patient requests them back. I’ve had dentists and oral surgeons actually collect the dental extractions; send them to refinery, and give the return back to the patient. In my opinion, this is a better option, only if a patient asks for the crowns back.

Contact us at info@core-scientific.com to help you with your dental extractions.

Tips For Collecting Porcelain Fused to Metal (PFM) crowns

Do you handle dental extractions?

Yes, then you have removed at least a few PFM crowns. If you are not collecting these crowns, you should be. Many of the dentists that we have spoken with have been throwing PFM crowns away unaware how valuable these crowns can be. Even more, they aren’t sure which PFM crowns to collect.

I’m here to help you determine which PFM crowns to collect.

PFM or “whitish” crowns, as they are commonly called, can contain precious metals such as gold, palladium and/or platinum. These metals are very valuable. Sometimes – like in the image below – you are able to see this metal once you extract the tooth. This makes it easy for you to determine whether to collect.

However, there are some PFM crowns that do not contain precious metals. They can be harder to differentiate without sending them in to the refinery. These PFM crowns (without precious metals) just contain the tooth with the porcelain overlay. However it’s important to let you know that if you’re unsure it’s always best to throw in everything. 

Again I want to emphasize that you shouldn’t be throwing away these crowns.

We’ve been working within this industry, for quite sometimes, and can help assist you if you have any questions about your PFM crowns. Contact us today at 877.308.2388. We are happy to help you.

Choose a True INDUSTRIAL refiner

Does your refiner work in only 1 industry?

Many precious metals refineries specialize in only 1 or 2 industries. While this may seem like an advantage to customers, it is not. Why? As markets rise and fall, companies still need to make a profit, and when they are specialized in only 1 or 2 industries they take larger margins to meet their own needs. This comes at a disadvantage to customers, like you. When a refinery works within many industries, they are diversified. They are able to provide the best returns to all of their customers, because their client base is across many various industries.

Another important reason to work with these refineries is they bring their state-of-the-art technology and high standard of processing to all of their customers. All of their clients benefit from this technology. They are also able to process various types of material as well.

In conclusion, work with a refiner specializing in various industries. Core Scientific, for instance, works within a variety of industries including dental. Learn more today by contacting us today at 877-308-2388.

Why your refiner should have an in-house laboratory?

Choose A Refiner with an on-site laboratory.

This may come as a shock…. but a lot of “refiners” send your material out to another refinery (like us), with an in-house laboratory, to be processed. Simply, having “refinery” in their company name doesn’t mean they have an on-site laboratory.

Now that the shock has worn off!

Why should you check to make sure your refiner has an on-site laboratory?

There are a variety of reasons why:

  • You get a higher return. Many refiners have a processing fee or charge that go against your return. By having an on-site laboratory to process your material, refiners can eliminate or reduce these charges. This puts more money back in your pocket.
  • Your material is safe and secure. Your material is more secure when there is only one destination point. I heard many of our customers say that their material was lost after it was shipped to the laboratory (off-site).
  • An expert lab technician is working on your material. It’s important that an on-site lab technician is working on your material and communicating any necessary information to you in real-time. This is an added benefit for you.

Work with a refinery that has a state-of-the-art, in-house laboratory. Contact us today to learn more about Core Scientific.

5 questions To Ask Before Choosing A Refiner

Have you chosen the right precious metals refiner for your dental scrap?

 

Working with a refiner is an important decision that’s built on trust and service. Finding the right refiner impacts both the size of your return and the protection of your precious metal materials. Regardless of which company you choose to work with, the more information you have, the better your overall relationship will be. Keeping this in mind, we have 5 questions you should ask before you choosing your refiner:

 

5 questions that you should ask before choosing a precious metals refiner

Question #1: How long will the refining process take?

The length of the refining process depends on the material being handled. High-grade materials like karat gold and silver, for instance, can be processed much more quickly than low-grade sweeps or carpeting. Typically high-grade materials are processed in 3-5 business days whereas lower grade materials can take up to 12 business days. The quicker the turnaround time, the sooner you get paid. Beware of a refinery that offers “same day service”. They may ultimately be taking shortcuts that are not in your best financial interests.

Question #2: What fees are you charging me?

You must have a full understanding of each and every charge related to the refining of your material – and always get everything in writing. Sometimes different types of materials have varying charges, for the same service. Refiners may try to entice you by offering a “flat fee” processing with no additional charges. The numbers may look good, but often it’s too good to be true.

Question #3: Do they have an in-house laboratory?

This is important for a variety of reasons. 1). It increases the processing time, so you get paid out quicker. When your material is processed in-house it can be received, evaluated, and processed within a few business days – depending on the material. 2). Your material is protected. When your valuable materials are transported and “changed hands” more than once it increases the likelihood that things can get lost. 3). Cuts down on the processing fees. Some refiners have hidden charges for outsourcing their processing. These more often than not fall on the customer, you, to pay.

Question #4: Do they use the latest technology to process your material?

Using the latest processing methods can mean the difference between a great return and an average return. When it comes to processing your materials, it’s important that they extract the most precious metals. A classic fire assay is the gold standard (no pun intended) method that has been accepted by the precious metals industry. With a fire assay, precious metals such as gold and silver are separated from non-precious metals by fusion. When performed properly it has an accuracy of 1 part in 10,000.

Other materials like platinum, palladium, and low-grade materials need to go through a separate process ICP (inductively coupled plasma). In a nutshell, ICP ionizes the sample to isolate certain ions and identify them. It provides a reading of the concentration of the precious metal elements within the sample.

Question #5: Do they verify the weight received?

Why is weight important? Basically, because the weight of your material should match what your refiner receives in. Knowing the weight of your material throughout the process will protect you. Read more about Why Weight is Important?

Knowing the weight of your material is the easiest way to provide fairness and transparency during the entire refining process. Reconsider your decision to work with any company that won’t provide you with this information.

In Conclusion: Be well informed before choosing a precious metals refinery.

It is not just about one company charging “X” while another refiner charges “Y”. The more information you have, and the more satisfactory answers you have to the questions above, the easier it will be to choose a refiner that works for you.

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Working with A Cash Buyer

By now you are probably selling your dental crowns one of two ways:

a.) “Cash buyer” This is a person that comes into your office or a location that evaluates your dental scrap, and gives you cash on the spot.

b.) “Refiner” This is a local or national precious metals refiner that you send your dental scrap to. After performing a fire assay and extracting the precious metals, from the scrap, sends you a return based on the amount of the retrieved metals.

Selling locally, to a cash buyer or pawnshop, may seem like the best option however as more and more of these outlets and individuals spring up, they are taking more of the value of your dental scrap, for themselves.

Foundry - molten metal poured from ladle into mould - emptying leftover

The biggest disadvantages to selling locally are:

  • With gold crowns, the buyer can’t be sure of the purity of the precious metals. So they can only provide a price based on the lowest estimate that they think it contains. Plus they don’t pay you on the palladium and silver content either.
  • In the case of PFM (Porcelain Fused to Metal) or “white” crowns, without a fire assay performed in a lab, it’s impossible for them to know if any of the PFM is precious metals. So in cases where there is, they typically only pay out 10% of the value.

Work with a “refiner”

  1. Cut Out The Middleman

When you do business with a refiner you are in effect “cutting out the middleman.” Most local cash buyers and pawn shops just turn around and send your dental scrap to refining companies, like us. So why not just send it to a refiner on your own and get the better payout rate for yourself?

  1. An Exact Analysis of Your Dental Scrap

The benefit of working with most refiners is that you will receive the classic fire assay. With Core Scientific, we go a step further with a multi-step process:

  • Initial screening of your material
  • Primary melt
  • Classic Fire Assay
  • Inductively Coupled Plasma (ICP) – Mass Spectrometry.
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This scientific testing documents exactly what type and quantity of precious metals your dental scrap contains. This means you get paid the maximum on your material. And not just for the gold, but also for the other precious metals found in PFM such as (platinum, palladium, silver).

You greatly benefit by working with a refiner. Choose the right refiner. Learn more about Core Scientific and why our customers continue to use us.

Don’t Throw Out! Reasons to Keep your PFM crowns

Help Me, Help You!

Every time I speak with a customer, I ask, “What can Core Scientific do to assist you?” In one of my recent conversations, my customer responded, “You are in a unique position to help us help ourselves, by educating us about our dental crown scrap. In the past, I was throwing away our PFM (Porcelain Fused to Metal) dental crowns, not knowing that this scrap was worth anything. I didn’t stop until I spoke with you.”

Believe it or not, this is a common conversation with customers. They had been throwing away the PFM or “white” crowns for years, missing out on the value they could get from the precious metals.

pfm

As a leading refiner, I want to share our knowledge about the value of PFM crowns. Depending on the porcelain used, some crowns may not contain precious metals (like chromium) however, many times they do (and it’s quite valuable). Although these are not quite as valuable as a gold crown they still have significant value.

How do you know if the PFM crown has precious metals?

Well, this isn’t something you can tell with the naked eye. Many dentists are unaware if the dental crowns contain precious metals without sending them to a refiner.

  • A refiner has the processes in place to test and accurately extract the most precious metals out of the dental crown. This is not true of cash buyers who come into your office. Typically cash buyers pay “pennies on the dollar” on this type of material, and make huge margins for themselves.
  • Without an in-house laboratory, they can’t give you a definite on a number of precious metals in your crowns. And many times, they tell you “there aren’t any precious metals in there” however will turn around and send to us. Taking all of the value that should be going to you. Lots of customers get shortchanged because they are unaware.

That’s why the best way is to collect the crowns, in one of our free shipping containers, and send it to us. We take care of the shipping costs and provide a complimentary return label.

Do not throw away! Collect. Send. Refine. Get A Higher Return.

 

 

The Rise of Platinum and Palladium

Precious Metals: Platinum and Palladium

These metals have been used in the auto industry and in high-end jewelry for a long time. Recently, we have seen an increase in people investing in these two precious metals. This is due, in part, to how rare platinum is, and the abundance and industrial uses of palladium.

According to JM Bullion, “Because of [Palladium’s] similarities with platinum and generally cheaper price, palladium shares the market with those seeking to buy platinum. The price of palladium is volatile and unpredictable — giving investors ample opportunity for speculative profit.”

Palladium is a great way to invest in precious metals but at a low cost. Plus there’s a wide gap in price between palladium buyers and sellers. Preciousmetals.com says, “Palladium saw the greatest increase in value over the period from 2010 to 2014 when compared to Gold, Silver, and Platinum. The precious metal went from an opening price per ounce in January of 2010 of $419 and closed 2014 with a cost of $815 – nearly double.” 

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The Ongoing Trend

Since early 2016, this trend has continued to rise with platinum and palladium. According to a recent article, Platinum takes the limelight from gold with the best month in four years, platinum has been up 12% since July, putting prices on track for the best month since 2012 and Palladium are even better, jumping 17%, the most since 2008.

The drive in these two metals is attributed to better auto sales in China, as well as concerns over labor practices in South America and loose monetary policies from banks around the world.

Analysts have speculated the demand for these metals will rise, in the long term.

Sources: http://www.jmbullion.com/investing-guide/types-physical-metals/platinum-vs-palladium/

http://www.preciousmetals.com/blog/2015/01/palladium-cheap/

http://www.mineweb.com/news/platinum-group-metals/platinum-takes-limelight-from-gold-with-best-month-in-four-years/

The Changing Price of Gold

Gold Prices: Will they go back up?

Over the past few months, everyone has been closely following the fluctuating price of gold, and recently we’ve seen the price decline in the US.

According to TheWeek.com article, “The gold price closed at a five-month low at the end of New York trading on Nov. 22, dropping to $1,216 an ounce, according to the Wall Street Journal. Falling again in London on Nov 23, down 0.9 per cent to a shade above $1,206 an ounce.”

Two things have triggered this decline: a boost in the dollar and the likely rise to interest rates, a first in more than a decade.

According to Citibank, “America’s greenback is enjoying its fastest rise in 40 years. Over the past eight months, the U.S. dollar has strengthened dramatically against all the world’s other major currencies.”

Furthermore, Janet Yellen of the Federal Reserve recently hinted at a rise in interest rates to go into affect this year or early 2017.

As stating in a recent Nasdaq.com article, “this precious metal is sensitive to moves in the U.S. rates, which lift the opportunity cost of holding non-yielding assets such as bullion, while boosting the dollar in which it is priced.”

Gold is typically considered a safe investment. Investments in the yellow metal are usually made to hedge against global economic uncertainty. Since gold, as an investment, only offers capital gains, an increase in US interest rates tends to lower the demand for gold and shifts investors to interest-linked securities. That is what we are seeing now.

In our over 10 years of experience we understand that markets are always changing. However if this trend continues gold may continue to go down, before it goes up. Which is why we don’t want you to lose money, each day, by holding onto your scrap. Request a container today here.

Sources: http://www.nasdaq.com/article/gold-hovers-at-6-month-lows-on-stronger-dollar-cm711068#ixzz4QqiqB7Tz

http://www.forbes.com/sites/greatspeculations/2016/11/18/why-have-gold-prices-declined-in-recent-weeks/#169d077c264a

Jewelers See Business Transformed with Gold Metal Scrap

As gold prices rise to their biggest annual gain since 2010, some jewelers are seeing their business transformed by selling their gold metal scrap. Jewelers are purchasing more gold than ever before. “When there’s an increase in the gold price, people take notice, and bring in their jewelry”, Mark Hicks, the owner of Farringdons, a Jeweler in the Hatton Gardens gold district of London.

gold metal scrap

A stronger dollar, used in most bullion transactions, has made selling gold more attractive. This is especially true for countries where currencies have weakened, such as the UK. According to Mineweb.com, “When bullion tumbled as much as 45% from a record in 2011, the amount melted at refineries fell, reaching an eight-year low in 2015, World Gold Council data show.

But in the first six months of the year, recycling is up about 10% from the same period in 2015, heading for the first annual increase since 2009, Gold Council data show. Prices have jumped 26% in 2016, touching a two-year high of $1 375.34 an ounce in July, and had their biggest first-half rally since 1974.”

This practice has proved lucrative for jewelers who collect their gold metal scrap and send it to a refinery. The return on their investment is typically around 40% or higher. This is especially true for jewelers that work with a reputable, trustworthy refinery.

Sponsored by: Core Scientific

Sources: http://www.mineweb.com/news-fast-news/old-rings-are-treasure-as-gold-rally-revives-scrap-recycling/