Shipment Arrives The moment your scrap shipment is weighed in at our refining division, it is entered into our computerized refining flow system.
Refining can be an important part of any jewelry store’s business. If systems are set up properly, refining can help bring in business and improve cash flow.
Your precious metal scrap could literally be going down the drain or out the door. Below are a few areas where you can increase your profit margins by targeting waste in your shop. Identifying these areas is the first step towards maximizing the value of your return and ultimately increasing your bottom line.
All packages should have a letter or note stating the scrap weights. Special instructions regarding the settlement options must be in writing (preferably not written on the package). Due of the high cost of assaying, WE DO NOT ASSAY FOR ALL PRECIOUS METALS UNLESS REQUESTED. This includes platinum, so please tell us what metals you…
Hoover Refining, a division of Hoover & Strong, Inc, has been in business for almost 100 years. Jay Hoover started the company in 1912 by collecting elements from industrial lightbulbs and refining the platinum. We have become a leader in the industry and are very proud to offer refining services. If YOU ARE A JEWELER,…
The method of shipping is up to your own discretion. The majority of our shipments are received through the post office by registered or insured mail. UPS or Motor Freight are used to ship the larger refining shipments such as floorsweeps and polishing dust.
Work Hardening Gold If you’ve ever cold worked sheet or wire, you know what work hardening is. The further you reduce the metal thickness the harder it gets and less malleable it becomes. If not annealed properly, the metal fractures or becomes too hard to work.
Alloys and Their Correct Cooling Methods There are four typical methods of cooling, and the type of alloy being annealed will dictate the method (see table):
How to ensure that your refining returns match your expectations.