To meet each customer's specific needs, Northern Refineries offers a variety of settlement options. Customers can receive settlements in the form of:
- a check
- precious metal bullion (coins, bars)
- bank wire transfer (requires a minimal bank fee)
- a combination of the above
Settlement |
Turnaround |
|
Gold |
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96% of the fine gold contained (based on the current market price determined on date of completion of order) | 3 to 5 | |
Gold Filled |
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90% of the fine gold contained (based on the current market price determined on date of completion of order) | 3 to 12 | |
Sterling Silver |
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90% of the fine silver contained (0.925). Examples of 0.925 Sterling Silver are flatware, vintage trays and ware, jewelry, sterling silver solder and scrap | 3 to 12 | |
Fine Silver |
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92% of the fine hallmarked .999 fine silver contained (based on the current market price determined on date of completion of order)*. Examples of fine silver are 0.999 bars and rounds |
3 to 5 | |
Coin Silver |
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90% of the fine coin silver minted prior to 1965. (based on the current market price determined on date of completion of order). |
3 to 12 | |
Photographic Flake |
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90% of the fine silver contained (based on the current market price determined on the date of completion of order) | 3 to 12 | |
Silver Electrical Contacts or any material containing Cadmium |
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85% of the fine silver contained (based on the current market price determined on the date of completion of order)*, ** All other industrial silver groups that is less than 80% fine silver contained we pay 85% |
6 weeks | |
Platinum |
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90% of the fine platinum contained (based on the current market price determined on the date of completion of order) | 3 to 12 | |
Palladium |
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85% of the fine palladium contained (based on the current market price determined on the date of completion of order) | 3 to 12 | |
Rhodium |
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80% of the fine rhodium contained (based on the current market price determined on the date of completion of order) | 3 to 12 | |
*
Must have 3 ounces or more of karat gold to receive a 96% payout. Less than 3 ounces will receive a 94% payout.
**Must have 15 pounds or more of sterling silver to receive a 90% payout. Less than 15 pounds will receive an 85% payout. Due to the current higher precious metal prices our turnaround time could take longer than normal. ** $1.10 per incoming ounce or $400.00 minimum charge to remove cadmium and tungsten. Also minimum amount to ship is 15 pounds. ***Turn around time is 4-5 weeks for any material containing cadmium and tungsten. |
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