Here's how it works
1. You send your metal to us.
When we receive your shipment, we verify the product and then melt it for analysis. Send to
· Attn: Materials Management · 6 Ednson Ct, Chicopee,MA 01020
2. Our experts analyze the metal and provide you with a settlement within 3-7 days that is based on that day’s market.
**Gold and Silver is based on the Second London Fix, and Platinum and Palladium is based on the Johnson Matthey market.
3. You approve the settlement, and your payment is processed.
**Once you approve, payment will be issued.
Metal Scrap (All Customers except where marked with an*)
- Gold/Silver receive settlement in 3 business days and payment in 5 business days
- Platinum/Palladium receive settlement in 7 business days and payment in 9 business days
- High-grade precious metal only—no towels, filters, saw blades, knives, etc.
- No minimum once the processing fee is covered
- Settlement offers are determined based on the dollar value of the clean metal scrap received. The settlement offer value can be applied as a *Wayzes account credit towards the purchase of 24K gold bars or 24K gold grain (* Jewellers only). This purchase will be invoiced using the gold market on the date of shipment.
- The settlement weight of scrap fine precious metal cannot be traded for weight in fine precious metal.
Metal |
Fire Assay
Fee |
x-Ray
Fluorescence
Fee |
*Account
Credit
Payout |
*24k Gold Bars
or Casting Grain |
50/50
Payout |
Check or
Direct
Deposit |
Gold |
$50.00* |
$25.00* |
98% |
98% |
97% |
95% |
Silver |
$50.00* |
$25.00* |
94% |
94% |
92% |
90% |
Platinum |
$100 |
$25.00 |
90% |
90% |
87% |
85% |
Palladium |
$100 |
$25.00 |
85% |
85% |
82% |
80% |
* free with account credit or 24k gold bars, and or Casting Grain--Jewellers only
Bench Filings + Grindings (*Jewellers only)
- Receive settlement in 7 business days and payment in 9 business days
- High-grade precious metal only—no towels, filters, saw blades, knives, etc.
- 10-ounce minimum
- Settlement offers are determined based on the dollar value of the clean metal scrap received. The settlement offer value can be applied as a Wayzes account credit towards the purchase of 24K gold bars or 24K gold grain. This purchase will be invoiced using the gold market on the date of shipment.
- The settlement weight of scrap fine precious metal cannot be traded for weight in fine precious metal. Jewellers Only
Metal |
Fire Assay
Fee |
x-Ray
Fluorescence
Fee |
Account
Credit
Payout |
24k Gold Bars
or Casting Grain |
50/50
Payout |
Check or
Direct
Deposit |
Gold |
$100 |
NA |
97% |
97% |
95% |
94% |
Silver |
$100 |
NA |
93% |
93% |
91% |
89% |
Platinum |
$100 |
$25.00 |
80% |
80% |
80% |
80% |
Palladium |
$100 |
$25.00 |
80% |
80% |
80% |
80% |