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 We’ll take you through the entire process, starting from the moment your jewelry is withdrawn from the mailing package.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