In today’s market, more Australians are turning old, unwanted, or broken jewellery into instant cash. But what many sellers don’t realise is that the true value of their gold and silver comes from the sophisticated refining process that transforms old pieces into pure, tradable bullion. At GoldCompany, we’ve spent decades perfecting this process — and that’s precisely why we consistently pay more than other gold buyers.

Here’s a clear look at how refining works, and why our efficiency and expertise translate directly into higher payments for you.

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1. Understanding the Refining Process

When gold or silver jewellery is sold, it typically contains alloys, gemstones, solder, and impurities. To extract maximum purity and value, a professional refinery follows a multi-stage process — one GoldCompany has refined (no pun intended) to near perfection.

Step 1: Assessment & Hallmark Testing

Each item is carefully assessed using:

• XRF (X-Ray Fluorescence) analysis
• Acid testing
• Weight verification

This ensures our team accurately identifies the metal composition before any refining begins. Because we use the same industry-grade technology used by major bullion refineries, we’re able to pinpoint purity with remarkable accuracy, eliminating guesswork and ensuring you receive the best offer upfront.

Step 2: Melting & Homogenisation

The jewellery is melted in high-temperature furnaces to:

• Remove stones and non-metal components
• Create a uniform alloy mixture
• Ensure accurate post-melt purity measurement

A homogenised melt means we can verify the precise metal content in the entire batch — crucial for determining the real, intrinsic value.

Step 3: Purification

Depending on the metal and alloy, refiners use processes such as:

Gold Refining

• Aqua regia dissolution
• Electrolytic refining
• Thermal reduction

These advanced chemical and metallurgical processes strip away alloys like copper, zinc, and nickel, leaving behind pure 24-carat gold.

Silver Refining

• Electrolytic silver cells
• Chemical precipitation
• Nitric acid processing

The end product: silver refined to 99.9% purity — investment-grade and ready for resale or bullion production.

Step 4: Final Assay and Quality Control

Assays are then performed to confirm purity levels. GoldCompany uses internationally recognised standards and certified assay methods, ensuring every batch meets the strictest industry criteria.

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2. Why the Refining Process Matters for Sellers

Most gold buyers don’t refine metals themselves. Instead, they:

• Pay you less
• Sell the jewellery to a third-party refinery
• Lose margin along the way

This middle-man approach means sellers get less — often significantly less — than the real value.

GoldCompany is different.

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3. Why GoldCompany Pays the Highest Prices in Australia

✔ We Refine

Because we manage the process ourselves from start to finish, we don’t lose value. The efficiency and savings come back to you through higher payouts.

✔ Decades of Expertise

With over 30 years serving the Australian public, our knowledge of metallurgy, valuation, and global bullion markets allows us to extract more from old jewellery and therefore pay more.

✔ Advanced Refining Technology

Our state-of-the-art equipment ensures:

• Maximum recovery of gold and silver
• Accurate analysis
• Faster processing times

Higher recovery yields = higher payments.

✔ Transparent Testing

We allow customers to watch the assessment process, and we explain each step clearly. No hidden fees, no inflated spreads, and no pressure.

✔ Immediate Cash Payment

Once purity is confirmed, we pay immediately based on:

• The live spot price
• The verified metal content
• The day’s highest payout rates in Sydney

GoldCompany has built a reputation on honesty, precision, and market-leading pricing — because efficiency and expertise directly benefit our customers.

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4. Turning Old Jewellery Into Maximum Cash

From broken chains to single earrings, antique silverware to scrap gold, almost any unwanted precious metal item can be refined and transformed back into high-purity bullion. When done efficiently, the refining process unlocks surprisingly high value — often much more than people expect.

And because GoldCompany is one of Australia’s most experienced and efficient operators, no other gold buyer can match the prices we offer.

The refining of old gold and silver is a precise scientific process — and GoldCompany has spent decades mastering it. Our expertise ensures we recover more pure metal than competitors, and our efficient in-house operation means we pass that added value directly to you.

If you want the highest price in Australia for your gold or silver, GoldCompany remains the trusted choice.