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What metals are coins made of

what metals are coins made of
  • Gold is the most ductile of all metals, allowing it to be drawn out into tiny wires or threads without breaking. A single ounce of gold can be drawn into a wire 5 miles long!
  • Each ounce of gold requires the processing of over 6000 pounds of ore!
  • In 1854 the largest gold nugget ever found was in California at Carson Hill above the Stanislaus River. It weighed 195 pounds and was valued at $43,534.00 in the currency of the day!

    The main producers of gold are South Africa, the United States, Australia, China, Canada and Russia.

  • Family owned and operated since 1939, Midwest Refineries enjoys a repeat customer loyalty that is unequaled in the precious metal refining industry. From small shipments sent in to us from the general public, like a few items of unwanted gold jewelry or dental gold scrap, to large refining lots from manufacturing jewelers and dental laboratories, Midwest Refineries is the right choice to sell or recycle all gold contained precious metals. Our modern assay laboratory and our commitment to service, insures you will receive the highest settlements and returns for your gold materials. If you have not used Midwest Refineries before, we would welcome the opportunity to be of service to you as gold buyers, smelters and refiners. We are confident you will be satisfied with your gold transaction with us. We are proud of our reputation as gold refiners and will continue to service all our customers, large and small, with integrity and trust. We are never too busy

    to talk to you about your particular gold materials and how we may be of benefit to you.

    • It is not necessary to remove any enamel or cement from dental gold scrap. Serious injury can result. These materials are vaporized during the melting process or we have the equipment to remove them.
    • We do not retrieve gemstones from scrap gold. If any stones have value to you, remove them before shipping in scrap .
    • It is not necessary to remove any unwanted stones from Karat gold jewelry scrap as they are vaporized in the melting process.

    What we pay for Gold

    Smelters and refiners that claim to pay 98% or 99% for your precious metals, also charge refining fees, assay fees, treatment charges, brokering fees, inbound troy ounce weight fees, handling fees and other fees. Nobody can operate a business on 1% or 2%.

    Midwest Refineries has NO fees or charges period!

    Midwest Refineries pays 95% of the amount of pure gold contained in your order.

    Gold orders under 3 troy ounces are purchased outright, based on average after melt weight loss and karat purity.

    Gold orders of 3 troy ounces or more are melted and assayed to determine exact gold content.

    You receive 100% of the market or spot price on the day your order is completed and ready for settlement.

    All gold-filled material purchased outright at 15% of the spot price PER POUND.

    No magnetic gold-filled accepted.

    No gold-filled with stainless steel accepted.

    Settlement Options for your Gold Metals

    Category: Bank

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