GOLD REFINERY

Gold recycling and where to refine your scrap gold

The concept of Gold Refinery has been around for thousands of years, given that gold has been considered a precious commodity since its first discovery.

However, gold refineries have evolved over time, becoming more efficient and productive with the new technologies, even if some basic procedures are the same that were used centuries ago.

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What is a Gold Refinery?

A gold refinery is the place where gold is separated from other metals or residues. In other words, it is where it gets refined. These companies generally work with scrap precious metals, and they recycle them through the process of refining, separating them into their pure forms, and repurposing them.

Gold recycling

Gold refineries can recycle and extract gold from most metal scrap that contains it. Some examples are dental scrap, post-cremation implants, electronic devices, and old jewelry.

In this way, the gold that is already on the market is reused, and the impact of gold mining, which is a very polluting activity, is reduced. Also, the process of gold recycling is economically convenient over the mining process.

A little bit of gold history

Gold has been a treasured mineral since its first discovery, which happened in many different cultures all over the world. But near 4000 BC the smelting process was created and gold started to take many different shapes. The oldest gold artifacts made their appearance during this millennium in Mesopotamia.

But then Egyptians took charge and gold became a great part of their culture. They extracted gold at the banks of rivers through the sedimentation process, and archeological evidence shows refining and mechanical goldwork. The gold particles found in the sand were purified by a melting process and then molded, mostly into jewelry and idols they prayed to. Around 2000 BC Egyptians learned to purify alloys with salt to remove silver and get pure gold. This process is now called gold parting, and it is still used because gold and silver are often extracted together.

These techniques later arrived at the Roman empire and were passed to the European cultures, who kept developing them. With the discovery of the Americas, new gold sources were found and more industrial processes were created.

The truth is that gold refining still uses some of the oldest techniques, enhanced. The melting process is still similar, and the fire assay, which is used to determine gold purity and is the standard of the industry, was invented in 1350 BC by the Babylonians.

Did you know that today’s consumption of gold in the world is about 50% in jewelry, 40% in investments, and 10% in the industry?

How does a gold refinery work?

It is important to note that a gold refinery is a precious metal refinery, so if you want to know more about the process of gold refining, check out this article where we explain what a precious metal refinery is and how it works.

On your side, we make the process very simple:

Call us or fill out our form to request a free container (or multiple containers, depending on the quantity you want to send).
We will send you the container/s for free with return shipping labels.
Whenever you are ready, give us a call, and we will schedule a FedEx pickup.
As soon as we receive the material, we will provide you access to our customer portal where you will be able to monitor and follow our process.
In just a few days with a quick turnaround, you will receive a check (you can discuss with us your payment method; we can adapt to your needs).

How to calculate the value of gold scrap?

As we talked about before, scrap gold comes from many different sources, and its quality is different according to the industry. Gold from computers, electronic devices, dental scrap, implants, and jewelry all have a variable karat, depending on the object and the composition.

If you have any gold to refine and want to know its estimated value before sending it in, here we give you a couple of resources that can help you.

At the time of sending, if you know the purity of the scrap gold you have, you could use our scrap gold calculator and get a free estimation, and check the information here where we explain how easy it is to use the calculator. This way, you will get an estimation of the value of your material, with live scrap gold prices. Remember that it is just an estimation, providing a close to exact calculation, but then you need to consider that the gold refinery you use will have different charge fees. Depending on the volume of gold scrap, gold refineries charge different percentages or flat fees.

If you generate scrap gold, we could send you a container so that you can start recycling your gold with us.

The reality is that if you generate any type of scrap gold, it is possible that you could be adding other types of metals that are also valuable. Please connect with one of our experts to find out if your industry uses other types of precious metals and what we could do for you.

If you want to know how much your Gold Scrap is worth, check now our Scrap Gold Calculator, with live gold prices and easy to understand interface!

SCRAP GOLD CALCULATOR

Where to refine your scrap gold? Choosing the best gold refinery

The process of refining gold is delicate and should be done by an experienced precious metal refinery. If you want to get the highest returns on your scrap gold, you should research for the best gold refinery, but what should you look for?

First, make sure you choose a direct gold refiner, because by cutting off the middleman, you will get higher returns. A middleman will take up to 70% of the value of the gold scrap from you.

Second, find out what their refining process is. At Core Scientific, we use the latest technologies and techniques. We have a page where we explain our process here.

Third, look for transparency. Many refineries will hide the information, like hiding parts of the assay report, or not providing weights after receiving your material. At Core Scientific, we provide you a customer portal available 24/7 online where you can verify the weights, see pictures of your material, follow our process, access full assay reports, and track settlements.

Fourth, and the last thing: credibility. We are an INC 5,000 company, one of the fastest private growing companies in the US. We are the leader in precious metal refining in North America, and we have tons of great reviews! We have a laboratory in-house and specialize in gold refining.

One thing we can guarantee at Core Scientific is that you will get the highest returns in the industry on your scrap gold.

If you are ready to start recycling gold scrap and earning money, contact us!

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CONTACT US

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Address:

700 Industrial Drive, Ste K

Cary IL

60013, United States

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Phone: 866-660-4631

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Working hours:

Monday-Friday: 9:00 – 5:00

Saturday: Closed

Sunday: Closed

Google Rating

4.6

Based on 42 reviews

Core Scientific Precious Metals Refinery

4.6

John Swartz

23:57 07 Apr 21

Can't recommend this company enough, transparency and fast. I'll be sending in all of my jewelry scrap to them from now on!

Ethan Ng

13:27 06 Apr 21

Have never paid any attention to dental scrap until I spoke with them, and I know we were getting $200 to $300 at the end of the year in cash. Guess what, we get now from $2,000 to $3,000 per year with Core Scientific. That should be it all. Thanks guys.

Brian Amerson

00:04 30 Mar 21

This is the fourth time using Core Scientific for Dental Scrap. The promise that I was going to get 2 to 5 times more than any other provider was right. A trustworthy company, very transparent, great people, and you get your check in just a few days.

Bobby McCollister

15:37 20 Mar 21

I've used them a few times for jewelry refining. Great communication and fast turnaround. Will use again for sure.

Steven Hinton

08:32 12 Mar 21

Thomas Payne

02:09 12 Mar 21

Daniel Francis

03:27 06 Mar 21

The best people to work with to get the most of your dental scrap.

Gary Trimble

09:00 04 Mar 21

Ivan Caudill

08:37 31 Jan 20

Very smart company, with Palladium at the highest price I’ve ever seen they told me I should have gotten an increase in my returns in the last year. Well, I didn’t, so I decided to try them to compare the service with my previous recycler and they were right, 30% increase with them. Very happy with the service.

Kevin McGinnis

02:59 30 Jan 20

I manage a dental lab and would highly recommend them. They provided some advice to recycle more material and it worked out to be the highest return on scrap I have received to date.

Eugene Cruse

02:16 30 Jan 20

Todd Wolf

04:25 30 Dec 19

A guy used to come by my office to pay me a couple hundred dollars for dental implants, then Core Scientific called me and explained me everything I needed to know about dental recycling and I decided to try them. Now I am making a couple thousands for similar volume. HUGE difference with them, very honest.

David Flanigan

03:43 24 Dec 19

Richard Brown

11:21 14 Dec 19

Johnathan Karnes

07:48 05 Dec 19

They are the best, they answer all questions, keep you updated, follow up and help you to recycle and got the highest return to date.

Barbara Robinson

15:16 24 Nov 19

Dennis Walters

06:58 24 Nov 19

Coming from another recycler called Midwest, I can tell you this is another world: trustworthy, transparent and higher settlements.

Theresa Martin

18:49 23 Nov 19

What I like the most about them is the transparency, they have a portal online where you can see the weights and value. They make this a simple process and trust them 100% on getting the most out of my scrap. Thanks!

Willie Thompson

04:53 23 Nov 19

Gary Shaw

13:38 21 Nov 19

I have two clinics, they have been on top of the recycling process for me and educated the office managers about dental scrap recycling. I have increased my returns with them year over year, awesome job guys.

Daniel Duggan

16:25 04 Sep 19

Elizabeth was amazing! Top notch customer service. Prompt response to any questions I had and the largest return on any scrap precious metal turn in that I have ever experienced. Most definitely have found a new vendor in Core Scientific.PS make sure to ask for Elizabeth!!!

Kitty Lucas

11:00 02 Sep 19

Very professional, honest and trustworthy. Fair price. I use them for dental scrap and couldn’t be happier, thanks!

Alan Curtis

20:07 26 Aug 19

If you are looking for a dental scrap refinery, you found it! Transparent, fast and reliable. They provide you a portal with information about your scrap and their steps and after a few days you get your payment

Andrea Haisley

08:21 22 Aug 19

Mike reached out to me to introduce their process, scientific, like their name! Since then, I am a loyal client. The settlement is higher than the two previous dental scrap refiners I used.

Karen Nichols

15:19 17 Aug 19

C Balla

20:19 09 Aug 19

I’ve worked with many refineries across the country, none have been as thorough and professional as the team at core scientific !! Highly recommended 👍🏻👍🏻😎🇨🇦🇨🇦

Bruno R

10:32 06 Aug 19

I have been working with core scientific for over 2 years. Previously I walked with cash buyers and a local precious metals refinery. I decided to try core scientific after a couple of phone calls with Paul and I received almost double of what I expected. The customer service is great and the process smooth and transparent. I highly recommend them.

Roland Kutschia

02:35 24 Jul 19

Fantastic customer service and timely response. Most importantly, the returns that I have received were more than I expected and, that I have received in the past from other refiners. They take the time and care to extract as much return as possible.I'm staying with Core Scientific for years to come.

Alexandra Elizabeth

20:30 21 Apr 19

Fast, efficient, accurate metal refinery. Good experience with this company.

Dr. Grace Chung

18:38 29 Nov 18

Excellent customer service and prompt response with any and all of our questions! We are loyal customers and highly recommend!

LISA CARTER

17:38 10 Sep 18

Very professional and I was very pleased with the amount I received for the scrap metal I sent in. I wii definetly use Core Scientifics services again!!!

Paul Mewhal

20:20 16 Aug 18

Working in the crematory industry I have used Progressive, Implant, and finally have Core Scientific a shot. The first thing I noticed is that they are actually the preferred provider through the Florida Funeral Association. That speaks volumes. In an industry plagued with greed, any type of Professional recommendation goes along way. They ship my material to them when I’m ready, within two or three days I have a settlement and have always been very pleased. Refiners make money, that’s how they stay in business. But some want to make a lot more than they deserve. Core scientific is fair, they treat the process with dignity and they go out of their way to make sure that they are as transparent as possible. I actually had a rep come to my business and walk me through their program. That meant a lot.

Shannon L.

05:54 15 Feb 18

The folks at Core scientific are easy to work with and have great communication. The return rate on the metal is top notch and I like how they break down the metal components so you know what you sent them.

M.B. James

18:38 09 Feb 18

Everyone at Core was most helpful. It has been a pleasure dealing with the Core family!

erin Decoursey

23:59 14 Mar 17

We were very happy with our return and the customer service was great! We will use Core Scientific again.

Toby Fitzkee

15:34 29 Jul 16

Having been contacted via a cold call from Paul, I listened and with much skepticism agreed to send to his company some bench sweeps I have had for quite a while. I received a prepaid shipping container in which to send the sweeps and some polishing wheel machine filters back to his company. So far, so good. A few weeks later I received a phone call from Paul informing me that a check was being sent to me. I must truly admit that I was presently surprised, no shocked, at the amount! And I just received another call from Paul informing me of another check that is coming for the filters or as he called them low grade material. Their service is exceptional, their staff is professional and friendly. They will continue to receive my business! In fact, I'm now putting together some sterling silver to send to them.

Tarik Hammad

01:11 10 Feb 16

They paid me fairly on my scrap, Paul is easy to talk to and always helpful. Thanks

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