[Jewelry making - Article 00209] - Re: [Orchid] How to value customer's scrap on trade

[Dennis Loss]

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    when I worked at a store a few years back we used a formula from
    some trade mag. the formula was the following. TEST the Gold, [invest
    in an acid test kit]. Then give them 65% of its scrap value in TRADE.
    Since you are, I hope, getting a good markup on your work you will
    make money. 

    The other thing to do is be sure and use a reliable refiner for your
    scrap. I use Pease and Curren. I always tell them exactly what I am
    sending them even if it is all in a big bag of scrap. You really
    should take the time and weigh out what you know to be 14k, 18K
    etc., then you can get a better idea if you are getting a good assay.
    You can also get 24K casting grain back from Pease and Curren instead
    of selling the gold to them. Their fees are very competitive. Then
    you can mix your own alloy and not pay someone else a premium to do
    it for you. Actually, I have my caster do it, they don't charge me
    much. Why sell Gold and then buy more? Especially now that it is so
    high. 

Good luck, Dennis

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