Question about gold fingers - Page 2

I just recently processed 270 lbs of gold fingers from old PC boards, the reason I know they are old is because it was WHITE PCB that they were on (which is bad bad bad, it was discontinued in electronics in the US back in 1979). These are considered to be high yield because back then they just slathered the gold on. Industry has since changed greatly.

so 270 lbs gave me a final yield of 536 grams. So you take 536 grams, divide that by 270 lbs and you come up with a yield of 1.98 grams of Au per lb.

The plating on these gold fingers was thicker, but the yield seems kind of low, right? Wrong, even though these are considered to be thick gold plating because of it's age and date of manufacture, it is the gaps between the gold fingers that matter. They had huge gaps so the boards, front to back, were probably 35%-40% total gold plated surface There seems to be a lot of talk on this board about what yields are, and this is the reason it's so difficult to explain what I see, through my eyes, as a refiner. Everyone is looking for hard numbers and that just simply isn't the way the world works in regards to recovering precious metals from scrap. I posted in another thread about this here:

http://www.scrapmetalforum.com/elect...ht=#post118376

But here is the flip side to understanding your material better. You can then educate people who refine, specially as a hobby, in your ebay posts or offers to sell on forums like this. If you state in your auction for example, to look at the gold fingers, and point out the very little space between the gold plating, and that's why you are asking for more, people will be willing to pay more. That means, if your fingers are close cropped, the different between 50% gold plating and 90% gold plating over the fingers. It could mean almost double the money, for you. And the end buyer will appreciate the fact that they are purchasing material that will bear more precious metals. As you inform them, they become more loyal, and trusting of you.

Refining is an art, it's craft work and knowledge. As a refiner, I also believe that scrapping is an art, it's craft work, and takes knowledge of all kinds of material, how to process it, separate it so that you can make the most from your hard work and labor. You are practicing in practical terms what people who attend college to obtain a 4 year degree in material handling never experience. You probably, as scrappers, know far more about the material you are dealing with than those people who spend 10s of thousands of dollars attending college do. This is truly one of those industries that there is very little written about, and most everything you learn is hard won and proprietary. If you are a scrapper dealing in electronics, this is even more true, it's not just about picking up and dropping off a load, if you intend to make as much as you are able. It's about knowing what the material is, knowing the difference in why one lb of fingers is only worth 1/2 gram, and another lb is worth 2 grams.

Scott

Originally Posted by NobleMetalWorks

I just recently processed 270 lbs of gold fingers from old PC boards, the reason I know they are old is because it was WHITE PCB that they were on (which is bad bad bad, it was discontinued in electronics in the US back in 1979). These are considered to be high yield because back then they just slathered the gold on. Industry has since changed greatly.

so 270 lbs gave me a final yield of 536 grams. So you take 536 grams, divide that by 270 lbs and you come up with a yield of 1.98 grams of Au per lb.

The plating on these gold fingers was thicker, but the yield seems kind of low, right? Wrong, even though these are considered to be thick gold plating because of it's age and date of manufacture, it is the gaps between the gold fingers that matter. They had huge gaps so the boards, front to back, were probably 35%-40% total gold plated surface There seems to be a lot of talk on this board about what yields are, and this is the reason it's so difficult to explain what I see, through my eyes, as a refiner. Everyone is looking for hard numbers and that just simply isn't the way the world works in regards to recovering precious metals from scrap. I posted in another thread about this here:

http://www.scrapmetalforum.com/elect...ht=#post118376

But here is the flip side to understanding your material better. You can then educate people who refine, specially as a hobby, in your ebay posts or offers to sell on forums like this. If you state in your auction for example, to look at the gold fingers, and point out the very little space between the gold plating, and that's why you are asking for more, people will be willing to pay more. That means, if your fingers are close cropped, the different between 50% gold plating and 90% gold plating over the fingers. It could mean almost double the money, for you. And the end buyer will appreciate the fact that they are purchasing material that will bear more precious metals. As you inform them, they become more loyal, and trusting of you.

Refining is an art, it's craft work and knowledge. As a refiner, I also believe that scrapping is an art, it's craft work, and takes knowledge of all kinds of material, how to process it, separate it so that you can make the most from your hard work and labor. You are practicing in practical terms what people who attend college to obtain a 4 year degree in material handling never experience. You probably, as scrappers, know far more about the material you are dealing with than those people who spend 10s of thousands of dollars attending college do. This is truly one of those industries that there is very little written about, and most everything you learn is hard won and proprietary. If you are a scrapper dealing in electronics, this is even more true, it's not just about picking up and dropping off a load, if you intend to make as much as you are able. It's about knowing what the material is, knowing the difference in why one lb of fingers is only worth 1/2 gram, and another lb is worth 2 grams.


Scott

Right. The problem im finding is people think that solid plating is worth the same or less than fingers because no one puts out pricing on it for scrap. When actually since there is no gaps in the plating it is worth 2-4 times as much as fingers. Therefore i am sitting on all of this ultra high grade material that is very hard to sell.

Unfortunately, you sometimes have to educate the buyer or they will perceive the material you are selling as being worth less.

Good gold fingers have what I would call 50% gold plating, it's equal space for the gold leads as it is for the gaps, and usually on both sides. Really good fingers that come from isa cards, etc, that has very little gaps can be considered about 90% gold plating.

Think of this. We are talking surface area and weight, surface area that is covered in gold, and the total weight. If you have what I would call 50% plate, but they were not close cut, then you have to consider the portion that is excess in the weight/surface area, and if it's a lot that can change the percentage from 50% to 30% if it's really bad.

There are so many variables, that you have to develop an eye for it. And then, if you are posting on ebay, you have to point out these facts to the people buying because often times they have not either thought about this at all, or they just simply never learned.

Scott

That is what i call a sales pitch or creating a story in order to get the sale. I have the eye for it, but 90% of the escrap buyers out there dont, beacuse they dont specialize in separating by grade. Like just with fingers you have about 20 different grades and subgrades. You have single sided, double sided, thick boards, thin boards, fingers on mylar, and so on. Id prefer to sell it here, but the problem is all of the buyers here are base rate buyers. That means they have a fixed price for certain types of material. I have no problem selling my low grade fingers to one of the buyers here for $60. But at $60 theres no way id sell the high grade fingers to them because i know better.