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Garfield Refining - What You Should Know Before Sending Gold and Silver to Refineries

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Garfield Refining, one of Pennsylvania’s oldest precious metals refineries, presents actionable ways to avoid gold scams for people looking to send gold to a refinery.

www.garfieldrefining.com

Published in: Education, Business, Technology

Garfield Refining - What You Should Know Before Sending Gold and Silver to Refineries

  1. 1. What to Do Before BROUGHT TO YOU BY SENDING GOLD TO A REFINERY
  2. 2. WHAT TO DO BEFORE SENDING GOLD TO A REFINERY Research the EXACT ALLOYS mixed with the gold you want to send.   A trusted refinery with industry technology can help you determine these alloys—and your gold’s value. www.garfieldrefining.com/pages/resources/refining-101
  3. 3. Test using a MAGNET. True gold is not magnetic and should not react at all. Do not rely solely on a magnet test. Non-magnetic metals can be used to produce counterfeit gold. WHAT TO DO BEFORE SENDING GOLD TO A REFINERY
  4. 4. WHAT TO DO BEFORE SENDING GOLD TO A REFINERY Inspect gold pieces for MARKINGS with magnifying glass. Older pieces may lose markings from wear and tear. Counterfeit pieces may imitate markings.
  5. 5. WHAT TO DO BEFORE SENDING GOLD TO A REFINERY Look for NOTICEABLE DISCOLORATION. If a different shade of metal shows, the piece is only gold-plated.
  6. 6. WHAT TO DO BEFORE SENDING GOLD TO A REFINERY Test the DENSITY of gold. Historically, this method was used to test only pure gold. Today, this test is completed solely by lab technicians.
  7. 7. WHAT TO DO BEFORE SENDING GOLD TO A REFINERY DO NOT BITE THE GOLD TO TEST IT. The piece could be gold-plated lead, which is softer than gold.
  8. 8. WHAT TO DO BEFORE SENDING GOLD TO A REFINERY Place a drop of NITRIC ACID on the gold. If it bubbles/ fizzes or turns green, the metal is not karat gold. The less the metal reacts, the higher the purity. This test cannot accurately assess the actual value of the gold item, but it can help you spot fakes.
  9. 9. WHAT TO DO BEFORE SENDING GOLD TO A REFINERY KNOW YOUR WEIGHTS. All metal is always weighed in “Troy Ozs”, and not the standard avoirdupois. (If you are using a standard scale, be sure to adjust accordingly!) 1 avoirdupois oz = 0.911458333 Troy ozs.
  10. 10. CONNECT WITH US: www.GarfieldRefining.com • www.facebook.com/GarfieldRefining • www.twitter.com/GarfieldGold Find out more ways to protect yourself against gold scams: GarfieldRefining.com/Gold-Scam-Prevention THANK YOU!

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