[Jewelry making - Article 00162] - Re: [Orchid] Sharing scrap gold buying prices

[Daniel Ballard]

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    As a refiner with long experience with "scrap" The math is simple at
    least as we see it. Just use a calculator to reduce the spot 24kt
    market down to your karat. If you do not know the karat, all
    estimates are irrelevant. Everybody who "estimates" does so in their
    own favor-or else! 

    Total your ounces or karat scrap and do the math. How much refiners
    fee you allow is up to you- Commercial rates run from less than 3
    percent, but you must figure in the minimum charge. Ours is $100,
    then we pay 97.5% of the result. A 100 minimum charge is nearly
    covered by .111 Toz pure!!! 

    If anyone wants a simple excel sheet I can work one up easily... 

Daniel Ballard
www.pmwest.us
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