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Manhattan Gold and Silver - Family Operated Since 1985 Member of National Pawnbrokers Association NYSA
Precious Metals Refining Blog

Recycling Gold

22. April 2010 11:48

While Earth Day is but one day a year, it reminds us that the earth is delicate and the resources it provides need to be protected.  One way to help protect the planet is to recycle gold.  Gold is one of the mos thighly recycled metals because of its value. According to the world gold council, a minimum of 15% of the annual gold consumption is made from recycled gold. So with that, every time you bring gold in to be recycled, you are helping the earth. This recycled gold is purified and then made into bricks to be sold to jewelers, dentists and other industries to reuse this precious metal. 

Because gold is so stable and valuable, it has always been recycled.  In an economic sense, there is no true consumption of gold, but rather the ownership is transferred from one party to another.  So, there may be a chance that the gold you own could have ancient roots or in fact be royal!   

At Manhattan Gold and Silver, we can recycle gold found in many different types of goods.  We will recycle gold from jewelry, electronics, dental appliances and more.  If you have gold that you need to recycle, we invite you to contact us at 212-398-1454 or stop by our location in the Diamond District at 45 W 47th Street· New York, NY 10036. 

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Gold Recycling

Gold Refining Services

13. January 2010 08:36
Gold refining services are essential to industries that use gold everyday. When gold is used in industry, there is scrap, dust and other parts of the gold that are not used.  With the price of gold rising steadily, it would be a huge waste of money, for these industries to let even the smallest amount of gold go to waste.

Over time when this scrap gold accumulates, industries need gold refining services.  Typically the gold dust or unusable gold is sent to a refining center where it is tested, weighed, melted and then turned into bricks. The company that sent the gold is then sent money for whatever the gold is worth.
 

At Manhattan Gold & Silver, gold refining services are our top priority. We use the best equipment and process to ensure that the pay-out to the client is as much as it can be.  Some of the processes we use include hand testing, melting and assaying.
Depending on how large the lot of gold is that is sent, determines which type of test we will conduct.  Smaller lots sent for gold refining services will be hand tested, while larger amounts will be melted and assayed to determine the purity of the precious metal.  After the gold is tested, it is melted and then turned into bricks.  Our Flickr account page has a few pictures of some of the steps involved in our gold refining services.  

For nearly 25 years, Manhattan Gold & Silver has been proud to be the trusted source of precious metal recycling services for jewelers, pawnbrokers, dentists and industrial users.