Dental offices typically accumulate scrap dental gold from crowns, bridges, and other dental work. Selling this gold can be profitable if the process is managed correctly.
There are a few strategic considerations dental offices should make before selling dental gold. Using these strategies and working with a reputable dental gold buyer can help add revenue back into the dental practice.
Accumulate a Significant Amount
Dental gold is more valuable in larger quantities. Dental offices can negotiate better rates with gold refiners by storing dental gold until a substantial amount is collected. This approach reduces the frequency of transactions, saving time and potentially increasing the payout by watching the market value and selling dental gold at higher price levels with larger volumes of gold.
Choose the Right Refiner
Not all gold refiners offer the same rates or services. Dental offices should research and select reputable refiners known for offering competitive rates and transparent processes. Choose refiners specializing in dental scrap, as they may provide more favorable terms and understand the types of metals used in dental work.
Understanding the Value of Gold
Knowing the content and weight of the gold and other precious metals (like platinum and palladium) in dental scrap can significantly impact negotiations. Dental offices should consider working with a trusted refiner and developing a relationship based on positive experiences.
Review the Refining Terms
Understanding the refiner’s fees, payment terms, and the method they use for gold valuation is crucial. This information should be provided in a transparent and open way to ensure you are getting top value when selling dental gold.
Bay Area Metals works with practices that are selling dental gold and want transparency and fair market value. To find out more, contact us today.
