| If you're planning to sell your gold bracelets, necklaces, | | | | couple of days to consider their offer. If you decide to |
| and other jewelry, you can expect to receive a check | | | | decline it, the refiner will repackage your jewelry, and |
| soon after accepting the buyer's offer. Many sellers, | | | | return it to you. If you decide to accept their offer, a |
| however, are unaware of the process their gold | | | | check will be mailed to you within a single business |
| jewelry goes through when their pieces arrive at the | | | | day. |
| refiner's facility. At the best refining facilities, stringent | | | | After Your Check Is Placed In The Mail |
| security procedures are put in place to ensure the | | | | Once you accept the refiner's offer, your gold jewelry |
| safety of your collection. | | | | will undergo an environmentally friendly refining process. |
| In this article, we'll provide a behind-the-scenes look at | | | | Your pieces are sent to a smelting division, where the |
| what happens to your gold once it reaches the refiner. | | | | gold is mixed with a chemical substance called flux. |
| We'll take you through the entire process, starting from | | | | Then, it is melted. |
| the moment your jewelry is withdrawn from the | | | | The purpose of the flux is to make the melted material |
| mailing package. | | | | more homogeneous. The material is then poured into a |
| Once Your Gold Pieces Are Delivered To The Refiner | | | | mold, and the impurities are separated from the |
| When your package arrives, it is taken to a secure | | | | precious metal. The result is bullion in bar form. |
| area. Access to this area is denied to all employees | | | | Following smelting, the bullion is weighed and sampled. |
| except those who are directly involved with the | | | | The samples are fire assayed to determine the gold |
| refining process. Once it is in this secure area, the | | | | content in the bars. Once the content has been |
| receipt of your package is entered into the refiner's | | | | confirmed, the bullion is refined. The refining process |
| tracking system. Then, under security cameras, the | | | | includes melting the bars, and exposing the melt to |
| package is opened. | | | | chlorine gas. The gas helps separate the metal, which |
| Many refiners will provide a processing form on their | | | | is then collected. It's worth noting that this is a relatively |
| websites that you are encouraged to print. The | | | | new procedure (called the Miller process), and not all |
| purpose of this form is to document each of the | | | | refiners use it. The advantage is that it produces |
| pieces you're including in the package you mail to the | | | | refined gold that is up to 99.95% pure. |
| refining facility. Once your package is entered into the | | | | Back Into Circulation |
| refiner's tracking system, this form is removed, and its | | | | After the refining process has been completed, the |
| barcode is scanned. | | | | gold is recirculated into the jewelry market. This |
| Next, your gold jewelry pieces are removed. Each | | | | reduces the need to mine additional gold, a process |
| piece is carefully separated and photographed. The | | | | that has a devastating effect on the environment and |
| hallmarks on the individual pieces are noted and | | | | ecosystem near the mine. Moreover, the Miller process |
| documented, so the refiner can accurately assess | | | | eliminates much of the waste material that was once |
| your collection's value. Then, each item is weighed. | | | | generated from refining gold. |
| The Offer Is Extended | | | | If you're thinking about selling your gold jewelry online, |
| After the refiner has weighed your gold rings, watches, | | | | make sure you work with a refiner that has a long |
| earrings, and other pieces, they will create a detailed | | | | track record of reliability in the industry. Experience |
| report, and email it to you. This report will list each item, | | | | counts. The benefit is that you'll receive a higher price |
| and its corresponding value, along with an offer for | | | | for your gold pieces than most other buyers will offer. |
| your entire collection. In most cases, you'll have a | | | | |