Refinery paying me more than I Calculate. :)

[artslinger]

I'm not complaining, but does anybody know why my refinery everytime I go there pays me more than 80% scrap? For example, I scored these three 14k gold bracelets on Sat. I took them today expexting around $600, but the gentleman tells me $701. It was 27.5 grams total of 14kt without stones on one bracelet. When I walked in there the gold price was at $1473. I use the website goldcalc.com. Easy process, but very diff result. As always, thank you in advance.

artslinger

 

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[JimDon]

I am not sure which calculator you are use I come up with $757

 

[artslinger]

I am not sure which calculator you are use I come up with $757

Thank you for the reply. That amount is correct, but that is at 100% scrap. As far as I know, they pay 80% scrap. Thanks.

 

[boogeyman]

Could it be Your refiner is paying you scrap & selling for jewelry value? Some jewelers will buy broken stuff just to have links etc on hand for sizing & restorations.

 

[Beachkid23]

Our pays 98%. On gold. Maybe there somebody new in the area and they got to pay more in order to compete? Or they are paying more then 80%

 

[CASPER-2]

mine pays 95
https://www.midwestrefineries.com/gold-buyer-broker/

 

[Professor of Engineering]

Cool piece, nice $$ value!

 

[A2coins]

I would not complain