Most people are surprised to hear that their old dental crowns and bridges actually have some value to them. Due to the fact that many dental restorations have a high percentage of precious metal in them, there are many places that buy dental scrap work.
Dental alloys are categorized based on the amount of precious metal they contain. The most sought after ones are gold dental alloys. Most dental crowns use anywhere between 10 to 22 Karats (meaning they are 41.6% – 91.5% gold), 16K (66.67% gold) being the most popular dental gold alloy.
When making restorations, dentists often use silver-colored alloys which contain a high percentage of precious metal. Typically these alloys will contain precious metals such as palladium and platinum, and semi-precious metals such as silver.
Trying to figure out what alloys were used in your dental work is a futile task. Instead, you might want to refer to any paperwork that came with your dental procedure (e.g. receipts, insurance papers, certifications), as you will get a better idea of how much it is worth or what materials were used in it.
What Are They Worth?
At this point you must be wondering what the value of an average crown must be. First, let’s get some more perspective on the issue. The value of gold is highly dependent on its spot price (current market price) which changes daily. Higher Karat dental alloys contain more gold, making them heavier and more valuable. This is why two crowns of the same size could have different values. As you are selling ‘scrap metal’, it has to go to a refinery before becoming usable again. The refinery fee is usually pegged at 15-18%. Finally, there’s the “payout rate”, which is the profit the business keeps for itself to be profitable. Depending on the amount of business they get from you this could be 70-90%.
To calculate the value of a dental restoration, use this formula:
(Spot price of gold) x (Oz. Weight) x (Karat Value) x (Refinery Fee) x (Payout Rate)
If the spot price of gold is at $1,300, and you have a 22K gold (91.5%) 1/10th ounce crown and sold it at a place with a refinery fee of 15% and a payout rate of 70%, you would receive:
($1,300) x (.1) x (.915) x (.85) x (.70) = $83.265
Where To Sell?
There are many cash-for-gold places and local outlets that are willing to buy your gold. Jewelers, pawn shops, and possibly dentists may be interested. They may be easy to access however you are also paying for their rent and other expenses so you could expect to get a lower rate from them. It is also more difficult to appraise dental alloys so if they’re unsure of its purity they may turn you away or give you the lowest possible prices.
To get the best price, sell your dental gold through online buyers. Online buyers purchase your gold directly, reducing the cost of a middleman, providing you with better rates. They also assess your dental alloys, providing you details of how much gold, palladium, platinum, and silver your dental alloy contains. If you need to sell your old dental caps, crowns, implants, and bridges, go to SellDentalGold.com for reliable information and services that specialize in dental gold.