Today we review Elite Precious for you. What is Elite Precious? How does it work, and what services do they offer? Should you look at other alternatives? These are just a few of the questions this review helps you answer!
Name of the Company: Elite Precious
Official Website URL: https://www.elitepreciousmetals.com/
Executive Vice President: Brain Schilling
Overall rating: (3.5 / 5)
Recommended? : No
Essential to mention (before we go into more details of this review)
We strongly recommend doing your research online before choosing a company to invest in. There are so many reviews online of clients being ripped off and scammed. So please investigate thoroughly and compare different alternatives before you make your decision.
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With that being said, let´s continue with the review on Elite Precious!
It has been a common practice in business for one to set themselves apart from the competitors. Business owners are usually tasked with the responsibility to come up with ways to distinguish their workflow model in the hope that they will attract more customers. What exactly sets Elite Precious Metals, Inc apart? What is it actually about? Are the services that it claims to offer genuine? Are there any reviews that customers have given about it? This review seeks to provide you with the answers to these and more questions as we help you decide whether you can visit this company to purchase or pay for the offered products and services.
What is Elite Precious?
Elite Precious Metals is a unique precious scrap metal dealer. This company sets itself apart by only dealing with precious metal scrap from the dental industry. Elite Precious’s objective is to provide the best value in the scrap metal industry, and this has been achieved by having a unique business model that relies on the refining method.
Most of the dental scrap industry businesses rely on the cash on spot method, which leads to losses on the clients’ side and, at times, on the dealers’ side. The content of the precious metals in the dental scrap received from the customers is likely to vary. Thus weight alone cannot be used to determine the exact amount of cash the seller of the dental scrap should be paid.
Elite Precious Metals, therefore, begins the process by having the dental scrap refined and then pays clients for the actual amount of the precious metal obtained. They believe that if the dental scrap eventually has to go through the refining process, why not begin with that process right from the start and keep the surplus-value.
How does it work?
Elite Precious Metals relies on a 6 step refining process that determines the actual amount of precious metals in the dental scrap. The Elite Precious Metals executive vice president, Brian Schilling, has been in this business for five years. He has established that relying on the refining process instead of the cash on the spot method is likely to provide the highest returns to their customers. Brian also believes that this approach offers Elite Precious Metals the opportunity to give customers the best service in the dental scrap industry.
The steps followed by Elite Precious Metals are as follows:
1. What is viewed as dental scrap?
Elite Precious Metals receives a variety of dental scrap from customers, including gold, porcelain fused metals, and partials. In most cases, the dental scrap is usually in the form of dental alloys and crown and bridge scrap.
2. The preparation phase
The dental scrap received from the clients is usually mixed with Borax and Soda Ash to separate the precious metal from the non-metal components in the scrap received.
3. Smelting and sampling phase
The precious metal obtained in stage 2 above is usually smelted. Elite Precious Metals usually sample the precious metals when they are in this state. The reason for sampling when the metals are in this state is to ensure that you have a homogenous sample. It is easier to determine the accuracy of the precious metal content. Upon hardening, the molten sample is expected to take the shape of the mold (a bar or a cone).
4. Cooling and Hardening
The precious metal can now be broken out of the mold upon cooling. Elite Precious Metals ensures that the flux, a glass-like material, is broken off the bar or cone correctly. If the flux (or slag as it is referred to when it is in this phase of the refining process) is not broken off properly, it can carry some parts of the mold with it.
5. Drilling the Sample
The bar or cone is then usually drilled to ensure homogenously. The logic behind this sampling method is that if the bar is homogenous, the drilling will feel the same, regardless of the point you choose to drill.
6. Assaying the sample
Once you have tested for the sample homogeneity, it is now time to get on with the assaying step. Dental scrap dealers usually use several methods at this stage, but Elite Precious Metals usually rely on ICAP. This is a machine used to determine your bar’s content through a chemical process. It usually provides the most accurate percentage of the precious metal in the bar.
7. Cash settlement
Having determined the most accurate percentage of the precious metal in the scrap you initially supplied, Elite Precious Metals then proceeds to make a payout. This company usually relies on the most current market values to ensure that you get the highest returns for the sale of your dental scrap.
Products and services offered?
Elite Precious Metals ensures that clients get the best value in terms of cash payouts for their precious metal scrap. Therefore, this company does not have any unique plan or package to offer. It only seeks to approach the purchase of dental scrap from its customers from an angle that sees all parties benefit. With its 6-step refining process, the actual value of the precious metal in the dental scrap is usually determined; thus, the company remains with the precious metal in its best form, and you get paid for the actual percentage of the precious metal content. All of this is backed up by the expertise of Brain Schilling, who sees to it that you, as the customer, are served in the best manner possible.
Is Elite Precious a Scam, or is it Legit?
No, it is not a scam. Elite Precious Metals is a legit business that has been in operation since 2014. It has a physical office in Chicago, under the following address:
Elite Precious Metals, Inc.
1440 W. Taylor St., #315
Chicago, IL 60607
The company’s main telephone number is (312) 929-3055.
There are no existing reviews for this company on consumer trust sites and online reviews. Considering the business has been in operation since 2014, this is something that would discourage customers from relying on its services, in our book, a minus.
Investment and income-generating opportunities?
You can earn an income by selling your dental scrap to Elite Precious Metals. The business model that this company relies on sees that you get top dollar for whatever quantity of dental scrap that sells to them. There are, however, no investment opportunities offered by this company.
Pros and Cons
It is always wise to compare the positive sides against the negative ones before making a final decision. As always in our reviews, we provide you with some clear points on both sides of the spectrum:
- It relies on a unique refining process
- Offers best prices for dental scrap
- Does not have any customer reviews on online review sites.
- Not rated by any consumer trust site.
Do You Own or represent Elite Precious?
If you are a representative or associate of Elite Precious and have found something not to be correct in this review, please, feel free to tell, and I will make sure to update the info on this post. The easiest way to do it is in the comment section below, or else you get the e-mail on the about page.
Final words and verdict
Overall rating: (3.5 / 5)
Ok, I think that sums up the overall view of Elite Precious pretty well. It is a legit service for sure. However, if it is the right one for you or not, you have to decide for yourself. Sure, if you got some scrap gold to sell, then maybe, but if you are looking to invest, I don´t see any real benefits here.
It is always wise to educate yourself as much as possible in the areas you are interested in. However, make sure to get your info from more than one source.
You made a wise decision to read this review, and you are an intelligent person, so I am sure that you will find the right company to do business with that suits your particular needs the most.
What would I recommend?
There are many great investment services out there. I have many coin dealers, IRA service providers, and financial services listed on this website, mostly for precious metals, Bitcoin, and other alternative investments. You can find the best from 2 worlds that I can recommend below:
I hope you found this short review of Elite Precious to be helpful and that you now have a better understanding of what it is and if it is something for you or not. If you have used any of their services, share your experience in the comment section below, as it can help others! Also, if you got any questions about this review, I will be more than happy to answer them below!
I wish you success!
founder of: Goldretired.com