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Precious Metals Refining Blog

Gold Recycling Process

9. August 2010 03:43

Scrap Gold Recycling Process

When gold and other precious metals are brought into Manhattan Gold and Silver, they must be tested before we can pay a customer. Below is an example, with pictures of a large lot of gold being melted, sampled and made into a brick.  Smaller lots would be hand tested, which is a different process altogether.

When scrap gold is received from a client, it is weighed and put into a bin for storage until it is ready to be tested or melted.

Once it is time to melt the gold and turn it into gold bricks, the operator scoops up the scrap gold jewelry and takes it over to the furnace.

The scrap gold is placed into the furnace crucible where the temperature begins to rise until it is hot enough to melt the gold into a liquid.

The scrap gold will sit in the crucible for a few moments, while the temperature rises.

Next, the scrap gold liquefies and is ready to be sampled.

Once the gold is ready, a dip sample is taken and it is tested for purity.  The melting point of gold is 1947.9741 °F, but this temperature will actually fluctuate depending on how many impurities there are in the bar.  The purer the gold, the closer to the exact temperature the gold will melt.

Once the gold is tested, the gold is now ready to be poured into a gold brick.

Now that the gold bar is poured into the mold, it will be set aside to cool.

The process depicted above is just one way that Manhattan Gold & Silver will melt and test gold.  Other tests are available for smaller lots and other types of metals.  For more information about the refining metals process, please contact us, or stop into our New York office.

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The Manhattan Gold & Silver Shipping Gold Process

9. July 2010 04:44
Just because you don’t live in New York, doesn’t mean you can’t take advantage of Manhattan Gold & Silvers services.  We accept shipments of scrap gold and other precious metal by mail every day.  When located outside of driving distance to our facility, we make it a very simple and efficient process to ship your gold.  Something we have been doing for years.  The typical procedure works as follows.  

Step one is to establish an account with us; this requires basic customer information, company name, address, and etc.  Simply call and we will fax over customer forms.  We recommend putting a packing slip in the shipment, make note of your weight and any other special details.  When labeling your package we recommend you address it as follows:

Manhattan G & S
Ground Level
45 W 47th Street
New York, NY 10036

Once we receive your gold, it is then checked against the packing slip to verify the weights are correct.  The gold is then melted or hand tested depending on the customer’s preferences.  We also recommend getting set up with bank wires.  Typically the lot is settled on the same day and the funds are wired into your account.  This certainly speeds up cash flow so you can buy more gold.  For more information please visit www.mgsrefining.com or call us at 212-398-1454.

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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.