Sunday, January 8, 2012

What happens after you sell your Gold & Silver?


There are actually a few different methods of refining gold. Depending upon the quantity of gold you are working with and the desired level of purity, the two most common methods for refining gold are the use of high temperature flame and the use of chemicals to refine the gold.
Refining with flame is one of the oldest methods of refining metals. Mentioned even in the bible, refining by fire is the preferable method for larger quantities of gold. In ancient times, this form of refining involved a craftsman sitting next to a hot fire with molten gold in a crucible being stirred and skimmed to remove the impurities or dross that rose to the top of the molten metal. With flames reaching temperatures in excess of 1000 degrees Celsius, this job was definitely a dangerous occupation for the gold refiner. The tradition remains largely untouched today with the exception of a few advancements in safety and precision.
The second method of refining gold involves the use of chemicals. Strong acids are used to dissolve the impurities in the gold ore and afterwards, are neutralized and washed away, taking the impurities with them. The resulting product is a muddy substance that is almost pure gold (99.999% or 24K). This muddy substance is dried until it is a powdered residue and then heated with a torch or other source of heat to melt the gold powder into useable gold. The acids used for this process are Nitric acid and Hydrochloric acid.

A silver refiner provides precious metal recovery that recycles material, keeping it out of landfills. Whether it be scrap metal or jewelry, the process of refining silver separates silver from other metals and waste.   Scrap from the process, such as silver metal foil, silver leaf, and antique silver is weighed and smelted. As the scrap becomes liquified in a furnace, ash and borax are included to separate pure silver from other precious and non-precious metals.
The largest consumers of silver are Kodak and Fuji. That is because more silver is used for photography than any other product. Large amounts of silver are also used for silverware, jewelry and industrial products. Silver is also used to treat burn victims as it kills bacteria, allowing the individual to heal more quickly.  Silver has the highest electrical and thermal conductivity of any metal.
Now back to the refining process. The Silver refiner mixes silver in with other metal, such as gold and copper, because different amounts of other precious metals can be in a piece of jewelry. The refiner of silver creates bars of metal and dumps them into ice water to reduce particle size. The bars are dissolved in nitric acid and hydrochloric acid for six to twelve hours. Nitric acid attacks the silver and copper and puts the metals in liquid form. The pure silver is then extracted, dried and cooled.
The refining of silver puts the precious metal back into use, making a positive impact on the world around us. Worn-down jewelry, scrap silver, and silver coins can be refined into pure silver bullion. As the price of silver continues to increase, selling that bullion can be a windfall for an individual, and thus silver refining is becoming a growing business. Refining sterling silver produces silver and other metals as sterling silver is more than 92 percent silver, with the remaining eight percent being copper or another metal. The added metal provides strength as items of 100 percent silver would bend. Sterling silver is primarily used for jewelry and silverware.
Silver refiners have the expertise to melt silver jewelry and other pieces of jewelry into their liquid form and rework them into other uses. Most also buy, refine gold, silver and platinum.  I hope we both learned as much from this lesson as I.

1 comment:

  1. Interesting post. I Have Been wondering about this issue, so thanks for posting. Pretty cool post.It 's really very nice and Useful post.Thanks place that buys silver near me

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