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  1. #1
    us
    May 2010
    Chicago, IL
    etrac, ACE 250
    906
    8 times

    Sending my rings into the refinery. Got my check.

    So I decided to send these guys into Midwest Refinery to cash in 3 of last years rings. What ever money I get will go towards getting a new detector... What do you guys think I will get out of these?

    2g 14k gold ring
    4g 10k gold ring
    15g .925 silver ring

    Attached Thumbnails Attached Thumbnails Sending my rings into the refinery. Got my check. -ringsonscale.jpg  

  2. #2
    us
    Jun 2006
    929
    Metal Detecting

    Re: Sending my rings into the refinery. Anyone want to guess how much I get back?

    Not sure what they are worth gimme,but the wife said she would go $50.00


  3. #3
    us
    Jul 2003
    Elgin
    Fishers 1235X-8" CZ-20/21-8" F-70-11"DD GC1023
    6,459
    13 times

    Re: Sending my rings into the refinery. Anyone want to guess how much I get back?

    What percentage of spot price are they paying right now, and did you use the forum scrap metal calculator?

    Well hey, as long as you end up with enough to get me that beef at Goodfellas!

    You gonna get back to the hometown for some spring swings this year homeboy?

  4. #4
    Charter Member
    us
    MINELAB XS-2 Pro ....... XTERRA 305 ....... EXPLORER SE PRO

    Dec 2003
    Joliett Schuylkill County
    35,542
    145 times
    All Types Of Treasure Hunting

    Re: Sending my rings into the refinery. Anyone want to guess how much I get back?

    $131.18 would be Minimum I'd accept

    & That's giving them 10% right now


    Personally though Giving them 2% Would be more to my Likeing
    discriminate out Spike TV and American Diggers !

  5. #5
    Charter Member
    us
    *************** WHAT YOU DO WITH THE FINDS YOU DIG UP IS YOUR BUSINESS AND NO ONE ELSES, IGNORE ANYONE ON A SOAPBOX TRYING TO PREACH OTHERWISE! **************

    Jul 2006
    Orlando, Fl
    Minelab_Safari Minelab_Excal_1500_WOT Excal_1200_S-12 Excal_SEF_12x15 Waterproof_ Sov_GT Sovereign GT Whites_6000_XL_Pro Whites_Classic_ID Troy_Shadow_X2 Tesoro_Conquistador Fisher_1235X Whites_Beac
    7,401
    82 times
    All Types Of Treasure Hunting

    Re: Sending my rings into the refinery. Anyone want to guess how much I get back?

    ARA is paying out more...... http://www.aragold.com/



    All posts begin with "In my opinion"

  6. #6
    us
    Dec 2009
    northern il.
    garrett at pro minelab e-trac
    1,418
    9 times
    All Types Of Treasure Hunting
    Honorable Mentions (1)

    Re: Sending my rings into the refinery. Anyone want to guess how much I get back?

    hi jason, my uneducated guess is 125.00 i think 14k= 14 parts 24 k gold and 10 parts other metals and 10k= 10 parts gold and 14 parts other metals. i hope you get a lot more for the detector fund.

  7. #7
    us
    May 2010
    Chicago, IL
    etrac, ACE 250
    906
    8 times

    Re: Sending my rings into the refinery. Anyone want to guess how much I get back?

    Quote Originally Posted by Treasure_Hunter
    ARA is paying out more...... http://www.aragold.com/

    Thanks for the tip. I'll check them out TH!

  8. #8
    Charter Member
    us
    MINELAB XS-2 Pro ....... XTERRA 305 ....... EXPLORER SE PRO

    Dec 2003
    Joliett Schuylkill County
    35,542
    145 times
    All Types Of Treasure Hunting

    Re: Sending my rings into the refinery. Anyone want to guess how much I get back?

    Quote Originally Posted by Gimmie The Loot
    Quote Originally Posted by Treasure_Hunter
    ARA is paying out more...... http://www.aragold.com/

    Thanks for the tip. I'll check them out TH!
    Just remember these Mail in Companies are Not
    Indpendent Buyers.

    They are Making Millions whether they take
    10% or 2%


    Better they take 2 & You make out also
    discriminate out Spike TV and American Diggers !

  9. #9
    us
    Feb 2011
    Belleville IL
    34

    Re: Sending my rings into the refinery. Anyone want to guess how much I get back?

    I was told there would be no math on this test......

  10. #10
    us
    May 2009
    ILLINIOS
    MINELAB ETRAC , TESORO VAQUERO and ACE 250
    1,321
    6 times
    All Types Of Treasure Hunting
    Banner Finds (1)
    Honorable Mentions (1)

    Re: Sending my rings into the refinery. Anyone want to guess how much I get back?

    6 grams of gold isn't much so probably 121.00

  11. #11
    us
    May 2010
    Chicago, IL
    etrac, ACE 250
    906
    8 times

    Re: Sending my rings into the refinery. Anyone want to guess how much I get back?

    Quote Originally Posted by Lowbatts
    What percentage of spot price are they paying right now, and did you use the forum scrap metal calculator?

    Well hey, as long as you end up with enough to get me that beef at Goodfellas!

    You gonna get back to the hometown for some spring swings this year homeboy?
    I will not accept anything less than enough to buy you your goodfellas beef!

  12. #12
    us
    Let's go diggin!!!

    Dec 2009
    G P, Illinois
    DFX
    1,516
    4 times
    All Types Of Treasure Hunting
    Honorable Mentions (1)

    Re: Sending my rings into the refinery. Anyone want to guess how much I get back?

    Gold rings = new detector. Go for it.

  13. #13
    us
    Jun 2006
    929
    Metal Detecting

    Re: Sending my rings into the refinery. Anyone want to guess how much I get back?

    Are there any stones in the rings?

  14. #14
    Charter Member
    us
    *************** WHAT YOU DO WITH THE FINDS YOU DIG UP IS YOUR BUSINESS AND NO ONE ELSES, IGNORE ANYONE ON A SOAPBOX TRYING TO PREACH OTHERWISE! **************

    Jul 2006
    Orlando, Fl
    Minelab_Safari Minelab_Excal_1500_WOT Excal_1200_S-12 Excal_SEF_12x15 Waterproof_ Sov_GT Sovereign GT Whites_6000_XL_Pro Whites_Classic_ID Troy_Shadow_X2 Tesoro_Conquistador Fisher_1235X Whites_Beac
    7,401
    82 times
    All Types Of Treasure Hunting

    Re: Sending my rings into the refinery. Anyone want to guess how much I get back?

    At today's prices 14k is $26.59 a gram and 10k is $19.02 a gram.....

    Your looking at about $129 before they take their cut of 2-5%


    All posts begin with "In my opinion"

  15. #15
    us
    May 2010
    Chicago, IL
    etrac, ACE 250
    906
    8 times

    Re: Sending my rings into the refinery. Anyone want to guess how much I get back?

    Quote Originally Posted by Soupie
    Are there any stones in the rings?
    No stones... if there are they are microscopic.

  16. #16
    us
    Jun 2006
    929
    Metal Detecting

    Re: Sending my rings into the refinery. Anyone want to guess how much I get back?

    Soup says $135.00 crisp one dollar bills is what you should receive....

  17. #17
    us
    Dec 2010
    Western Burbs of Chicago
    Garrett Ace 250
    24

    Re: Sending my rings into the refinery. Anyone want to guess how much I get back?

    I don't know about the metal but I'll give you a few bucks for a glass of that stout you're sporting in the profile pic.

  18. #18
    us
    May 2010
    Chicago, IL
    etrac, ACE 250
    906
    8 times

    Re: Sending my rings into the refinery. Anyone want to guess how much I get back?

    Quote Originally Posted by Marvin
    I don't know about the metal but I'll give you a few bucks for a glass of that stout you're sporting in the profile pic.
    Ha! Just had one of those. It's actually a porter... we roasted pecans first and then tossed them in the boil so really its a pecan porter. We named it Pullman's Porter. Pretty tasty. I'll save one for ya!

    Attached Thumbnails Attached Thumbnails Sending my rings into the refinery. Got my check. -pullmanporter3.jpg  

  19. #19
    us
    Dec 2010
    Western Burbs of Chicago
    Garrett Ace 250
    24

    Re: Sending my rings into the refinery. Anyone want to guess how much I get back?

    Mmmmmmmmm....roasted pecan porter....so thirsty...

  20. #20
    us
    May 2010
    Chicago, IL
    etrac, ACE 250
    906
    8 times

    Re: Sending my rings into the refinery. Anyone want to guess how much I get back?

    Quote Originally Posted by Marvin
    Mmmmmmmmm....roasted pecan porter....so thirsty...
    We might enter that Porter into a homebrew contest. Its so good. Around 9% ABV also so its a heavy beer!

    Anyways - rings are in the mail. Sent them to ARA. I expect to have the check mid next week. I'll post the net gain as soon as I know!

    HH

 

 
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