How to know the value of gold plated scrap metal
A discussion started in 2010 but continuing through 2018September 8, 2010
Q. I have several hundred sheets of metal of copper, nickel, and/or brass I would like to sell for scrap, and I would like to feel confident that I am getting a fair per-pound price for each type that I have.
Most of the brass is plated thinly with gold, but some is plated with iridium, and some is plain too.
Does the plating increase the value of the brass, or is it actually a hindrance to price in the sense that extracting it is more than it is worth?
Here is a picture to illustrate what I am talking about.
artist's husband - Livermore, California
September 10, 2010
A. At a $1250 gold price, the gold thickness on this type material will usually range between about 4 microinches to 30 microinches, and will therefore have a gold value of from $.05 to $.375 per sq.in. of gold plated area.
- Nevada, Missouri, USA
September 11, 2010
A. Hi Paul,
process engineer - Malone, New York
April 1, 2012
Q. I tore apart an old transformer. The plates are about 2 by 2 inch.
I just want to know if these plates may have gold in them.Jeff Lamereaux
- Millersburg Pennsylvania usa
A. Hi Jeff.
To my knowledge there is no precious metal inside transformers, nor do your parts look like gold. It is probably copper though, which has some value. The problem is that most old transformers are considered hazardous waste because the oil in them contains cancer-causing PCBs (polychlorinated biphenyls / dioxin). They should have been so labeled. Please don't tear apart old transformers. See en.wikipedia.org/wiki/Polychlorinated_biphenyl
Ted Mooney, P.E.
Pine Beach, New Jersey
Scrap value of gold plated stainless flatware?October 9, 2018
I just found an almost full set of 24kt electroplated gold - 18/ stainless silverplate flatware. Curious of the scrap value if any.
Thank you for your help!
- Metuchen New Jersey USA
A. Hi Steve. I think it would be better to try to sell it on Ebay or Craigslist or whatever. You won't know the gold value for sure until you know the thickness of the gold, but odds are strong that is has no scrap value.
Ted Mooney, P.E. RET
Pine Beach, New Jersey
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