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.
    iStock_000012678876_Medium

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/

When Music Turns to Gold

Gold and Platinum Music Awards

I’m sure you’ve heard the phrase, “that record went Platinum”. A few notable albums come to mind, Thriller, Back is Black, and The Dark Side of the Moon, to name a few. The Recording Industry Association of America’s (RIAA) historic Gold® & Platinum® Program honors artists and track sound recording sales with Gold & Platinum Awards. These awards have come to stand as a benchmark of success for any artist—whether they’ve just released their first song or Greatest Hits album. These awards represent huge sales — 500,000 albums for gold, 1 million for platinum, 2 million or more for multiplatinum. (Singles have lower benchmarks; you’ve gone platinum if you sell just 500,000.)

music

You’ve probably seen these awards, gold or platinum records.

If you’re like me, you wonder, are those solid gold or platinum? Although these awards match the success of say, an Oscar, they aren’t quite as valuable for their gold or platinum. These awards, which cost about $100, are neither gold nor platinum, but colored plastic. And they’re almost never made from actual copies of the best-selling products they honor. Usually the records, cassettes, and CDs on the plaques don’t even contain music. Anyone who tries to play them will hear only a hiss.

According to Billboard.com, “The look of the award plaques has evolved, too. Before 1964, the record was mounted on a plaque of walnut wood; from 1964-75, a white matte served as the background; from 1975-81, the matte became black (awards from this period are known as “floaters”); after 1981, changes were made to the presentation plate which indicates who the award is for; and starting in 1985, the plate comes with an official RIAA hologram — which itself has changed over the years — attached.”

What’s truly valuable, about these awards, is it as a collector item. The value of these awards is significantly driven by fan interest. Jim Greenwood –the founder and former CEO of Licorice Pizza, a chain of record stores in the Los Angeles believes, are purchased by fans who want a piece of their favorite group’s history. “Foo FightersMariah Carey, or Staind have a more popular following,” he explains. “There’s a curve shift where there are more people collecting those, so the Foo Fighters get more valuable.” But for Greenwood and other hardcore collectors, the primary motivations for purchasing a plaque are more historical than anything else: while the awards represent a celebration of market success, they can also offer a rare glimpse of the crucial behind-the-scenes players in the music industry.

The latest artists to reach Platinum status this year are Drake, Beyoncé and Justin Timberlake amongst others. Let’s share in congratulating these platinum artists.

Core Scientific: Your Trusted Refiner

At Core Scientific we feels it’s important to educate others about how to protect themselves. With this knowledge, we feel customers will be better informed when working with a refiner. We feel our customers deserve accuracy not only in our process, but also in their return. Start working with a trusted industry refiner; click here to request a FREE shipping kit.

http://www.ew.com/article/1991/03/01/real-meaning-gold-and-platinum-records

http://www.billboard.com/articles/news/7550080/chasing-history-the-world-of-collecting-gold-platinum-and-diamond-records

Consumer Guide: Working with a Refiner

Setting Industry standards

Setting a high standard for business in this industry is our goal. We notice businesses are getting taken advantage of, and aren’t aware of it. For instance, we’ve heard our customers say they received $200 for the same dental scrap we sent them $500 for. This common practice bothers us. That’s why we feel it’s important to inform you on how to spot a ‘sales gimmick’ and how to protect yourself by weighing out your material. Don’t get taken advantage of?

Sales Gimmicks: The Bait and Switch

The simple answer to this question is money, and getting more of it, at the expense of you, the customer. These ‘sales gimmicks’ give you the illusion that they are helping you, but in reality they are not. These scenarios can include:

  • Asked to sign a contract with a refiner
  • Received dental screening/processing equipment
  • Told you are getting the most on your dental scrap
  • Told the amount of your return varies because the dental scrap “runs differently each time”

These gimmicks work well, and they have become a normal practice by many refiners. We feel our customers deserve better. That’s why we believe you should be better informed. We highly recommend that prior to sending out your dental scrap you should always weigh your material.

How to protect yourself?

Weighing your product before sending it into your refiner is the best way to protect yourself. Why, because it’s the only way you can verify where you’re getting the best return. For the same reason why you wouldn’t go into a bank with an envelope of cash, and have the bank count it, without counting it first, yourself. Knowing what you have is key to making sure you’re working with the best refiner.

Continue to find out how to better protect yourself by reading our latest blog article detailing the benefits of weighing your material. Click here to read more.

Core Scientific: Your Trusted Refiner

At Core Scientific we feels it’s important to educate others about how to protect themselves. With this knowledge, we feel customers will be better informed when working with a refiner. We feel our customers deserve accuracy not only in our process, but also in their return. Start working with a trusted industry refiner; click here to request a FREE shipping kit.

The Making of Dental Crowns

The Art of Making Dental Crowns

Dental crowns are a tooth-shaped “cap” placed over a tooth — to cover the tooth and restore it close to it’s previous shape and size and strength. We know how crowns are implanted, but making crowns look “real” are another matter. This is where the art of making a dental crown meets science. What determines the shape of the crown is how it actually emerges through the gum tissue. And the ability to identically match the color of the crown relies on the adjacent natural teeth. The process that follows involves some of the predictive factors and criteria that dentists, involved in implant dentistry, have learned over the years.

The 1st Factor

The beginning of the process is to ensure adequate volume of bone and gum tissue, and that it is in the right position to anchor or support an implant. This means that when a tooth is lost, the remaining bone of the tooth socket has to be managed delicately so as to retain as much bone as possible. This avoids the natural tendency of the socket to collapse and melt away.

The 2nd Factor

The second factor is dependent on the amount of bone on the adjacent tooth/teeth. According to Dr. Stephen Chu & Dr. Dennis Tarnow, “Maintaining a normal volume and height of bone attached to the adjacent teeth actually controls the height of the “papillae,” the little pink triangles of tissue that fill the spaces in the areas beneath where the teeth contact each other. If bone is lost on either side of an implant against a natural tooth, there is no guarantee that the papillae (those small, pink triangle of gum tissue between teeth) will regenerate fully, leading to what we dentists refer to as “black hole disease.”

The 3rd Factor

The next factor to consider is the tissue type you are born with. It is quite difficult to achieve a good result with thin tissue than it is with other thicker types. Thin tissues are delicate to work and tending to recede. And are more translucent that makes it difficult to hide the metal of an underlying implant or other implant crown materials. Thicker gum tissues are more robust and resilient, and easier to work with.

Last factor in the process

Transition from implant into exact tooth replica is comparable to a bud evolving into a flower — it involves the way the crown, which attaches to the implant seemingly emerges through the gum tissue, to look like a natural tooth. This means making the implant shape and how far it is placed below the bone and gum tissues relative to the adjacent teeth. This requires good planning, experience and skill during implant placement.

Aesthetics of the crown

Aesthetics is of importance to the front of the mouth. This means several of the criteria for success need to be worked out ahead of time, including: color, shape and regeneration of papillae. And compatibility with the gum tissues and smile line, speech, and biting function need to be figured in.

All of these factors are pre-requisites for creating great implant aesthetics in the most critical places like the smile line. Pre-surgical assessment, diagnosis, and team planning all go in to the process of making dental crowns.

About Core Scientific

Core Scientific, an industry leader in precious metals refining. Request your FREE shipping kit today by clicking here.

Sources

http://www.deardoctor.com/inside-the-magazine/issue-14/matching-teeth-and-dental-implants/

 

 

 

Rare Coins and Currency

The rare coin market has evolved over the last few years. Rare coins and currency are a multi-billion dollar a year business. The market is growing with at least 5,000 active coin companies in the United States. Collectors of rare coins or currency are interested in the investment aspect of the “hobby”. Recent auction results show that sales of coins and currency can exceed $100,000,000 per year. Heritage Auctions alone said that the annual rare coin sales is over $500,000,000.

Over the past year, there’s a trend growing amongst rare coins. According to Blanchard, “Many high-end collections came to market and generated huge interest as well as dollars. The D. Brent Pogue Collection was the highlight of the year and it took 35 years to amass and contained only 650 coins, but the presale estimate for the collection was $200 million. This collection boasted some of the rarest numismatic treasures known, such as the 1822 gold half eagle that the Pogue family purchased for $687,500 in 1982.”

There is a lot of money in rare coins, and the top 5 rarest items are:

  1. Quarter Eagle:39,101 was paid for a 1914 version of this coin in January 2012.
  2. Half Eagle:An 1884 version of a half eagle commanded $39,100 on the rare coins marketplace in November 2010.
  3. Eagle: The highest price paid for a 1907 $10 eagle gold coin was $39,780 in September 2010.
  1. Double Eagle: In the early 20th century, President Theodore Roosevelt sought to redesign many U.S. mints during his term, and commissioned a famous American sculptor, Augustus Saint-Gaudens, to design the version pictured below. These coins are made of 90% gold and 10% copper alloy, and the most paid for one of these rarities from 1907 was $39,963, bought in January 2012.
  2. Three Dollar Piece: The coin is 90% gold and 10% copper alloy. Only about 530,000 of them were minted, a small amount for U.S. coins, and the line was discontinued in 1889. $39,100 was paid for an 1887 three-dollar piece in March 2009.

Collecting and selling rare coins and currency can be a profitable and exciting new hobby. Everyone should be on the lookout for any heirlooms that may be collecting dust in the attic. They could be worth a small fortune.

About Core Scientific

Core Scientific, an industry leader in precious metals refining. Request your FREE shipping kit today by clicking here.

Sources

http://www.foxnews.com/science/2016/09/14/rare-gold-roman-coin-discovered-in-jerusalem.html

http://www.sbcgold.com/blog/top-5-rare-american-gold-coins/

https://www.blanchardgold.com/market-news/the-longview/rare-coin-market-looks-strong-in-2016-and-beyond-heres-what-to-collect/

http://www.coinweek.com/education/coin-collecting-large-rare-coin-market/