[Jewelry making - Article 00233] - Re: [Orchid] How to value customer's scrap on trade

[Noel]

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>     When you factor all of these items into the equation it is my
>     belief that you should never pay much more than 25-30% of what you
>     are paying for gold currently. 

    Thanks, Daniel, what you say makes a lot of sense. And I wonder if
    you could clarify just a little. 

    Do you meran 25-30% of the price of the gold fraction of the scrap?
    In other words, say you are buying, to make round figures, 10 oz of
    12k jewelry and the price of gold is $500. That means the scrap
    contains 5oz of gold (supposedly). Are you saying you would pay
    25-30% of $2500 (5 oz x $500), or about $640-$750? 

    If not, then what? 

    So far, I've only been asked to accept dental gold-- complete with
    teeth, tossed down in front of me like dice. I'm not terribly
    squeamish, but, yuck!!! I passed on that deal (and still got the
    commission). But these days, it seems wise to be prepared. 

Noel

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