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The MGS Precious Metals Blog

Manhattan Gold & Silver is an industry leader in precious metal pricing and refining with more than 30 years of experience. During our time in the business, we’ve found the topic of precious metals to be a vast and interesting one. Here on our precious metals blog, we write in-depth posts about the science of precious metal refining, historical and modern uses for precious metals, market news, and much more. Subscribe to our RSS feed to stay current, and discuss the latest posts on our Facebook page.

Bullion Explained

March 12, 2010 06:00

Precious metals, more commonly gold, in bulk form is known as bullion.  The value of this bullion is determined by its traded value on the commodity markets, which means the price can fluctuate hour to hour.  Bullion metals are commonly cast into ingots or coins.  Goverments can only authorize the production of coins.  Where any company can produce bullion or medallions.  One of the defining characteristics of a bullion metal is that it is valued by weight and not face value, like money.

This is interesting because a country, may mint gold bullion into coins and assign them a face value.  There was a time time when the money was equal to the metal.   Typically now it is for marketing purposes that governments give coins a face value.  People do not want to purchase medallions like the Grant Hill coins.  For instance, Canada has a $50 dollar face valued coin.  But when you compare that to what it is worth by weight, approximately $1100, as bullion, it is worth more by weight than at face value. Nations do this to give the coin a numeric value in addition to their bullion value.  Now you can see why gold coins, and other precious metal coins are so popular with collectors.  When the price of the precious metal goes up, the coin’s value goes up based on bullion, and when the price goes down, so does the value.

For more information about gold, refining and bullion, please visit Manhattan Gold & Silver today.  We have a broad range of services to help you refine your precious metals.

Olympics Going Green - Recycling Precious Metals for Medals

February 22, 2010 07:39

 

 

 

The Vancouver 2010 Winter Olympics is going green.  Not only is the Olympic committee pushing / practicing the three R’s (Reduce, Reuse, and Recycle) using the bins provided at all Games venues;   this year, when the winter Olympic champions have the gold, silver and bronze medals placed around their necks, they will be wearing old computer parts. 

In an effort to cut greenhouse emissions by 15%, Olympic organizers are using recycled materials to help reach this overall goal.  In past games, the medals have been made of freshly mined ores.  A Canadian based mining company responsible for making the medals had developed a process to recapture metals from cathode ray glass tubes, computer circuits, keyboards and other recyclable e-waste.  The process to recover precious metals is said to include shredding, separating and heating the recyclable materials.  Other signs of the sustainability of the Vancouver 2010 Games include solar panels and green roofs in the Olympic villages as well as personal reusable water bottles at Games venues for the first time.

Third place finishers will receive a bronze medal with 1.11% recycled material.  Second place finishers will receive a silver medal with 0.12% recycled material.  And the Olympic champion in the event will receive a gold medal with 1.52% recycled material.

Fire Assay

February 19, 2010 03:31

Fire Assaying is the best way to determine what the purityof gold is.  But many do not know what itis or how it works.  Fire Assay is aqualitative determination in which gold is separated from impurities by fusionprocesses and weighed in order to determine the actual amount of gold presentin the original sample. 

The fire assay process has been practiced for centuries todetermine the weight of precious metals including gold, silver and platinum.Compared to other determining techniques like X-Ray assaying, fire assay is themost accurate because other impurities are “burned” off, leaving only thepurest of metals. 

At Manhattan Gold & Silver, we practice both X-Rayassaying and fire assaying.  Because fireassaying is a very intricate process, there is a small fee associated with it.  When you do send your gold to us for refining,we recommend the fire assay process, because it is the most accurate and is thebest way to determine the amount and purity of gold, so we can give you thebest possible price.

For more information about our Gold Refining Services,please contact Manhattan Gold & Silver today.  Call, email or feel free to visit our officein the diamond district.

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