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/

 

“As Good as Gold” – Mining the world’s gold

Gold or “yellow metal” is the oldest precious metal to be mined. Gold mining dates back to 4200 B.C and rose in the early 19th century with the “California gold rush”. Regardless of how the gold market is doing companies are always mining for gold.

Today, there are 10 top producing gold mines in the world, and they are located in:

  1. Boddington, Austrailia
  2. Lihir, Papaua New Guinea
  3. Penasquinto, Mexico
  4. Carlin, USA
  5. Yanacocha, Peru
  6. Pueblo Viejo, Dominican Republic
  7. Cortez, USA
  8. Goldstrike, USA
  9. Grasberg, Indonesia
  10. Muruntau, Uzbekistan

 

These sites have been the highest producing for many years. However recently gold miners are taking a different approach. According to a recent Reuter’s article, “the world’s biggest gold miners are taking a cautious approach in their hunt for bullion. They are spending more money to explore around existing mines rather than new territory in a strategy that may have short-term gains. But risks future production growth.”

Why are they doing this? Simply, it’s more cost efficient and improves the odds of discovering gold deposits.

Today, 60%-70% of the world’s gold production comes from surface mines, while the remainder is from underground mines. Finding affordable and reliable deposits had become imperative in the last couple years as miners started to slash spending amid a slight slump in gold prices.

If this approach works, there will be gold at this end of this new ‘rainbow’.

About Core Scientific

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

Sources

http://www.reuters.com/article/us-mining-gold-idUSKCN11O0F8

http://www.mining.com/web/here-are-the-worlds-top-10-gold-producing-mines/

http://investingnews.com/daily/resource-investing/precious-metals-investing/gold-investing/barrick-newmont-anglogold-goldcorp-kinross-newcrest/

http://www.gold.org/gold-mining

http://www.mining-technology.com/features/feature-top-ten-biggest-gold-mines-south-africa/

https://en.wikipedia.org/wiki/Gold_mining

Diamond sales rising ahead of holiday season

DeBeers, the world’s largest diamond producer, announced a recent boom in sales of gems. This is as retailers stockpile before the holiday season.

diamond sales
Diamonds

According to Bloomberg News, They sold an impressing $630 million of rough diamonds in its seventh offering this year, up from $528 million in the previous sale, the company said in a statement this week.

“We saw healthy demand for our rough diamonds,” De Beers chief executive officer Bruce Cleaver said in the statement to Mineweb.com. “Manufacturers brought forward some of their demand in order to cut and polish rough diamonds in time for the important retail selling season.”

The holiday period for the diamond industry is from Thanksgiving in November. It also continues through the Lunar New Year in Asia in January or early February, right before Valentine’s Day. Bloomberg News states, Rough-diamond prices have rebounded 4.7% this year and it seems like De Beers and rival Alrosa PJSC will cut off supply to try to support the market.

So this marks good news for the upcoming holiday season.

About Core Scientific

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

Sources

http://www.bloomberg.com/news/articles/2016-09-06/de-beers-boosts-diamond-sales-as-customers-stock-up-for-holidays

http://www.mineweb.com/news/diamonds-and-gems/de-beers-boosts-diamond-sales-as-customers-stock-up-for-holidays/

http://www.jckonline.com/blogs/cutting-remarks/2016/08/25/what-jewelry-industry-can-expect-holiday

Olympic Gold Medals

How much is the Olympic Gold Medals worth?

The 2016 Rio Olympic games was host to the most exciting gold medal wins by the United States. We saw Michael Phelps win a record-breaking 5 gold medals and the United States’ “Final 5” women’s gymnastics team dominating with a 1st place win – to name a few.

gold metal

Although the true value of a gold metal is in the holder it doesn’t stop us from wondering – How much is that gold metal really worth?

There are many ways to look at this. The first is to look at the collector’s value.

Time.com values gold metals between $10,000 to over $1 Million depending on the seller. Boston-based RR Auction told USA Today that an average price for a “common” gold medal—from a lesser-known athlete—yields about $10,000. However according to Time.com article, How Much Is an Olympic Gold Medal Really Worth? Here Are 4 Possible Answers, rarer older metals can sell for much more. This includes a January 2016 sale that included four gold medals, with prices from $47,746.83 to $10,114.83 for gold metals.

Next you can evaluate the value of the gold itself. It’s actually valued at around $560, based on the price of gold at $43.76 per gram. This wasn’t the case for the 2012 London games that came in at a record price of $708 due to the rise in price of gold at the time.

Why isn’t it more?

gold metal wash

Well, the gold metals are plated with only 6 grams of gold. 1912 was the last Olympic games were all of the gold metals were made of pure gold – valued at around $22,000. Nowadays each of the 812 gold metal produced by the Mint of Brazil are gold plated with 99.9% purity.

Although the cost of a gold metal may not be what we thought, it’s still a priceless piece that its winners will cherish for a lifetime.

About Core Scientific

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

Sources

http://www.forbes.com/sites/anthonydemarco/2016/08/05/what-is-the-true-value-of-the-rio-olympics-gold-medal/#62684eee56f3

http://time.com/money/4418118/olympic-medal-worth-value/

The Differences in Dental Crowns

If you’re like me, the thought of getting a dental crown is scary. After being reassured, by my dentist, I know the thought of a dental crown is less about the pain and more about the appearance.

This common procedure restores your damaged tooth to its original look and shape. Today, there are three common materials used. They are – gold, porcelain fused to metal, and the newer ceramic or all porcelain. The metal that is used is determined based on the location of the damaged tooth.

Gold Crowns:

Gold is considered to be the treatment of choice for back teeth. Why? Usually a gold crown is used where cosmetics are not considered important. Gold crowns last the longest and wear the best. They are made of cast gold. This is a technique that’s been used for hundreds of years. However as appearance has become a growing concern the use of gold crowns has declined.

Porcelain Fused Crowns (PFM):

PFM crowns are made of “precious or noble” metals such as gold or platinum. These precious metals are strong and are bonded/cemented to the tooth. PFM crowns have an “esthetic” longevity.  However they can create undue wear on opposing teeth. Their “esthetic” advantage makes them a preferred option for front teeth.

All Porcelain Crowns:

All porcelain dental crowns are ceramics. The advantage of “all porcelain” is it’s incredible life-like appearance. However the lack of strength, brittleness and potential to damage opposing teeth is a drawback. Since they are a variation of glass, dental crown failure can be “catastrophic”. It makes repair almost impossible.

Next time you are instructed to get a dental crown, discuss these various options with your dentist.

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-7/gold-vs-porcelain-crowns/

http://www.michaelsinkindds.com/blog/dental-crowns-9-reasons-you-may-need-one-2/

 

 

 

 

Dentists on the Front Lines of the Urban Gold Rush

Precious metals such as gold, silver, palladium and platinum, were regularly used in dental crowns. However this practice has decreased due to advancements in technology.

dental scrap, dental fillings

Today Dentists are noticing a rise in dental crown extractions as they reach their life expectancy. This provides dentists with a unique opportunity to recycle, and sell these precious metals. Currently only a small percentage of dentists are taking advantage of this. Dental crowns contain three to four precious alloys in varying amounts. These dental crowns can be recycled and sold to a refinery, and then receive a monetary return based on weight and current market value.

There’s also a concern for the environmental impact. These dental crowns used to be thrown away, ending up in landfills, and lost forever. DentistryIQ.com puts it simply, “It is far more costly on our wallets and environment to mine an ounce of gold than it is to recycle it.”

Recycling your dental crown scrap is as easy as collecting and shipping it.

About Core Scientific

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

Sources

http://www.dentistryiq.com/articles/2013/12/recycling-dental-office-precious-scrap-metal.html

Gold: The crystal ball for the health of the U.S. economy

According to investors, the U.S. economic health is often reflected in the price of gold. When gold prices are high it signals the economy is not healthy. Why?

Well, investors purchase gold as protection from either an economic crisis or inflation. When investors think the economy is doing well, they will buy less gold, driving the price of gold lower. Savvy investors monitor the price of gold very closely.

The first week of September has seen gold hit a new two-month low. Does this signal the economy is doing well? According to CNBC, portfolio managers see a rebound coming soon. Chad Morganlander, portfolio manager at Stifel Nicolaus, states, “We believe that it will continue to go higher and for the short run.” Furthermore he predicts gold to have an annual return between 4 to 6 percent over the next five years.

What could be attributed to the rise in gold prices? It seems the weaker-than-expected U.S. employment report on Friday is driving gold prices. The dollar-denominated gold commodities have obviously found support from a slightly weaker dollar as investors lowered their expectations about the timing of the next rate increase, stated by Resourceinvestor.com.

Yahoo Finance interviewed Fed Chair Janet Yellen who said on Friday the case for higher rates was strengthening, while Vice Chair Stanley Fischer later suggested a hike could come as soon as September. Fischer added in an interview on Tuesday that the U.S. job market is nearly at full strength.

Now’s the time to watch gold commodities; timing is important to get the best return on your gold metal scrap.

About Core Scientific

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

Sources

http://finance.yahoo.com/news/gold-near-two-month-lows-023804891.html

http://www.cnbc.com/2016/08/31/gold-hits-two-month-low-but-portfolio-manager-sees-a-rebound-ahead.html
http://www.forbes.com/sites/kitconews/2016/09/06/weak-u-s-data-pushes-gold-silver-prices-sharply-higher/#2a279d4b5c5e
http://www.resourceinvestor.com/2016/09/06/precious-metals-shining-brightly
https://www.thebalance.com/gold-prices-and-the-u-s-economy-3305656