A precious metal investor asks, “Are there any scrap gold buyers near me?”

Recycle and Refine GoldRecycling and RefiningRecycle Precious Metals

Oct 18

A man in Delaware emailed us recently to ask, “Are there any scrap gold buyers near me?” He explained that there were plenty of companies in his area that would be happy to buy gold jewelry, bullion, and coins from him if he walked through their front doors. But nobody in his area was in the business of buying the kind of gold scrap he wanted to sell – a bunch of old circuit boards and used sputtering targets that contained gold.

If you live almost anywhere in North America, you will notice that although “we buy gold” popup stores, jewelry stores and even pawn shops are waiting to buy gold jewelry, coins and bullion, they are not in the business of buying gold scrap, especially not large quantities that require testing and processing.

Why is that? Let’s explore some of the reasons . . .

They lack the testing equipment and expertise to tell you how much your scrap is worth. If you arrive with a gold ring or a coin, they can assess its karat count, weight, and value. But if you show up with hundreds of pounds or a ton of gold scrap, they lack the resources and size to test and evaluate it.
They are not in the business of processing large batches of gold scrap. To put it simply, they don’t have the size or resources needed to store the large amounts of gold scrap that some people want to recycle – scrap like black sand, floor sweepings or boxes and boxes full of printed circuit boards. Even if they agree to work with you, they will need to call a company like ours – a fully equipped gold smelter and refinery – and then ship the scrap to us. That’s not a business model that would generate profits for them.
They are working on several businesses at the same time. In other words, they are not recycling specialists. They might also be selling jewelry, running a pawn business, or selling gold bullion. Because they engaged in multiple enterprises, they are not interested in specializing in gold scrap.
They don’t want your business. That might sound like a harsh thing to say, but because they are not ready to make money by buying, testing, and processing your gold scrap, they want to focus on business activities where they can make more money, and make it faster. If an investor calls them up to ask about recycling a large batch of gold scrap of most any kind, those businesses might even say, “We don’t process that kind of transaction.” And then, chances are pretty good that they will recommend that you call us, Specialty Metals Smelters and Refiners, at 800-426-2344.

So Why Would You Need a Scrap Gold Buyer in Your Area?

The simple answer to that question is, you really don’t. You only need to call us at 800-426-2344 to speak with our experts. When you do, we will . . .

Offer you advice, based on our years of business experience, on the best way to make money from the kind of scrap that you have.
Make a plan to test your scrap. In many cases, that will mean sending us a small sample for testing. But even if you need to send us a large quantity of scrap, we can explain how to send your scrap to us, and in some cases may even offer to help pay the shipping costs. Shipping your scrap to us for testing is even easier than driving it to a jewelry shop or other buyer in your area.
Issue you a report of how much gold or other precious metals your scrap contains and its value.
Assist in making plans to ship your scrap to us for processing, if you decide to do so.
Handle all aspects of processing your scrap in the most technologically advanced and environmentally responsible way possible.
Send you prompt payment for the gold that was contained in the scrap that we processed for you.