Dental Gold – Are You Dentists? Do You Buy and Sell Dental Gold? Are You Being Treated Fairly?
Buying and or selling dental gold can be very profitable for both parties if you know what you are doing.
Unfortunately most dentists really don’t know what they have; after all selling dental gold isn’t how they make their money. Sure as a dentist you know it’s worth something so you save it, but what are you really saving? The fact of the matter is most of your yellow dental gold is more valuable than your average jewelry. Yellow dental gold ranges between 10K and 18K with 16K being a good average. Your average jewelry is 14K so dental gold can be very valuable.
Dental gold can also contain other precious 18kt gold tooth gem metals such as platinum, palladium, and silver, which you can get paid on as well. Generally palladium is most prevalent and easiest to get paid on while the platinum and silver is typically a very small portion of the dental gold make-up. Typically to get paid for the platinum and silver you need to have very large quantities otherwise the refining process is cost prohibitive.
White dental gold is where the real challenge comes in. White gold in general starts out as yellow gold and then they add enough platinum, palladium, cobalt, or silver, to make it white. So it is very reasonable to assume the karat value would be much less than your average yellow gold. This is where gold buyers really get bit and the sellers wind up in misrepresentation disputes. While the electronic tester’s buyer’s use can be very accurate they can’t differentiate between gold and palladium when they are mixed like they are in dental gold. The tester will read the palladium as white gold giving an average karat reading of 17K. This looks great to the gold buyer as 17K will pay very nicely. Unfortunately once it’s refined the truth comes out and they find their white dental gold contains much less gold than they thought. White gold will also pass an 18K acid test so once again you are being fooled by the white dental gold. A gold buyer that lumps all their jewelry and dental gold together into one lot, and then sends it off to the refinery may never realize why they are seemingly shorted. Unfortunately in many cases both things are happening, the gold you thought was 17K isn’t and the refiner is cheating you on top of it. As a buyer when you start dealing in a new substance it’s always a good idea to have a sample batch assayed at an independent lab to find out exactly what’s in it before making a large commitment.
This brings me to the refining process. There are a zillion refineries out there and they will all promise you the world. There are even refineries that claim to specialize in dental gold telling you they will recover every bit of precious metal and pay you on the same. Unfortunately I have yet to find one that’s honest and actually does as they claim. This all goes back to the original point I made; dentists aren’t gold buyers so they don’t know there being cheated. As a dentist you just send your gold in every once in a while and wait for a check, whatever you get is just a nice little bonus. Well I’m here to tell you that it could be a nice LARGE bonus if you were being treated fairly. It’s really not that hard to figure out how you are being cheated, you are sending your gold to a refinery to tell you what the content is, and then they pay you on what they told you. Well the less gold content they tell you is in your material, the less they pay and the more money they make. It doesn’t take a rocket scientist to figure out they have every reason to cheat you. Now that gold buying is rapidly becoming a way of life for many the gold refineries are being found out and they will have to slowly start changing how they do business. This is good news for all of us.
For the gold buyers out there the first thing you should be doing is paying an independent lab to assay your gold. Then you can sell it to a buyer for the true content and value. An independent assayer has zero interest in your gold they only get paid an assay fee therefore it should be accurate. It can take a lot of trial and error finding a trustworthy assayer and a reliable buyer but this is where you as a gold buyer will make the most money.
For the dentist reading this article this is really not something you want to get involved in as you have bigger fish to fry. I would suggest looking in your local area for a competent buyer, however very few gold buyers really understand what they’re doing when it comes to dental gold, they always low-ball you and hope to make a profit once they send it in.