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Precious Metals Blog

Tag: Refining

Gold Melting & Refining Equipment

One of our clients’ favorite reasons for doing business with us is our transparency. Most other refineries don’t allow this, but when you sell precious metal scrap to MGS, we let watch your metals go

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How to Find a Reputable Gold Refinery

Many of our clients run businesses themselves. They’re jewelers, pawnbrokers, and dentists, to name a few. As business owners, they, naturally, want to work with a gold refinery that will pay top

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Precious Metal Testing Methods & Equipment

An assay is any test to determine the amount and types of precious metal in a sample. They can be used to confirm if a piece of gold jewelry is 22k or 24k, to distinguish between silver and platinum,

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Understanding Precious Metal Purity Stamps

In order to estimate the melt values of precious metal jewelry, antiques, or other items, you need to know exactly how much precious metal the objects contain. These types of goods are commonly made

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What is Flux and how does it Work?

If you’ve recycled your precious metals at MGS and watched the refining process, you probably noticed that scrap isn’t the only material going into the furnace. Periodically, we add a bit of flux to

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How MGS Safely & Quickly Removes Gemstones from Scrap Jewelry

Here at MGS, we specialize in buying large lots of precious metal scrap from other businesses. Since our location is in New York’s famous Diamond District, we commonly get piles of old or broken

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