Q: Damaged gold and silver. Can I still sell it?

Tavex buys also damaged gold and silver. Damaged goods and mint condition bars and coins have always different price setup. As a general rule any kind of damages decreases the value of the bar and coin. Tavex would like to sell our customers and product in a defensible state. It is only fo the used jewellery where the condition of the item is not relevant. Damaged gold and silver can despite of all this be sold to Tavex. Used gold and silver items shall be melted and refined into new products. Damaged bars and coins are as a general rule always bought below market price. Therefore Tavex always reserves the right to assess the condition of the product and offer a purchase price that is in accordance with the condition with the product. The price Tavex offers for mint products is always displayed on the product page. For the sake of transparency Tavex always displays the purchase and the sales price of the product. For example the 100g PAMP Fortuna Investment Gold Bar is sold in a sealed plastic package. If the packaging is damaged or the investment gold bar has been taken out from the packaging the purchase price will be different. Tavex is in that case not anymore able to offer the purchase price displayed on the product page. The purchase price will be the price displayed on the page for scrap gold. To avoid this, we recommend that you keep your coins in the enclosed plastic capsules. The package of the bars also need careful handling.

Q: How are the weight and purity of precious metals measured?

Almost everyone who invests in physical gold or silver might have this question. How are the weight an purity of the precious metals measured? The weight of gold and silver items is sometimes given in either kilograms or grams. The official unit of measure for precious metals is however the troy ounce. One troy ounce (oz) equals 31.1034768 grams. Do not mix the Troy ounce of English ounce (28.34g). The purity of gold and silver is measured in fineness. Ultimately fineness is the ratio to other metals in the product. The fineness indicates the purity of the metal in parts per thousand. For example, a 1 oz Canadian maple leaf gold coin has a fineness of 0.9999, which means that the coin is made of 99.99% pure gold. Therefore, the coin actually weighs 31.1065875 grams, which means 31.1065875 x 0.9999 = 31.1034768. Say. 1 oz of 100% pure gold. Another example is the 1 oz South African Krugerrand Investment Gold Coin , which has a gross weight of 33.93 grams and a fineness of 916.7, which is equivalent to 91.67% purity, which means that 33.93 x 0.9167 = 31.1034768 and thus 1 oz of 100% pure gold. In addition to fineness, the traditional unit of purity for gold is the carat (K). The highest carat is 24, which is at least 99.9% pure gold. The purity of European jewelry is often 14 or 18 carats, which is 14/24 = 58.3% and 18/24 = 75% pure gold. Carat is often used to describe the purity of jewelry, where fineness is clearly most advantageous for investment gold, but is also often used in jewelry. Therefore the question of how the weight and purity of precious metals are measured can be a tricky one.

Q: Does Tavex offer discounts on large gold and silver purchases?

Does Tavex offer discounts on large gold and silver purchases you might wonder. Specially if thinking about bigger investment of precious metals. We can make you a special offer in case of larger orders. For orders over HUF 36 000 000 please contact us via phone or e-mail to discuss even better prices.

Q: Can I order products with the stock status 'arrival unknown'?

Unfortunately it is not possible to order the products with the stock status ‘arrival unknown’ in our webshop. To have up-to-date information, please contact us via phone or e-mail about a possible order of such items.

Q: May I cancel my order?

The order will automatically be cancelled if payment is not made within one hour of placing the order. If you want to cancel your order, please contact us via phone or e-mail.

Q: I forgot to add the invoice number as a reference when transferring the funds to Tavex, what shall I do?

If you forgot to add the invoice number at the money transfer, you do not need to worry. Every invoice has a unique sum and therefore we do not usually have any problems matching your payment with your order. But we recommend that you inform us if such problem occurs. Contact us via phone or e-mail.

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Another rather important question about the investment gold and silver is: what are the weight and purity measurements of precious metals?

Although the weight of gold and silver is sometimes quoted in kilograms or grams, the official weight measurement to gauge the mass of precious metals is the troy ounce. One troy ounce (oz) equals 31.1034768 grams. Note that a troy ounce is not the same as an avoirdupois ounce (more commonly known as the kitchen ounce). The latter equals approximately 28.34 grams.

The purity of gold and silver is measured in millesimal fineness, which denotes the purity of the metal in parts per thousand. For example, the PAMP 100 gram gold bar contains a gold fineness of 999.9, which means that the bar is 99.99% pure gold.

In addition to fineness, the traditional purity measurement of gold is the karat (K). The highest karat rating is 24 and this equals or is greater than 99.9% pure gold. Gold jewellery in Europe most often contains a gold purity of 14 and 18 karats. This equals 14/24 = 58.3% and 18/24 = 75% pure gold respectively.

We hope now you know more about the basics – what are the weight and purity measurements of precious metals?

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Scrap Gold

We Buy (Up to)

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1 gram of 375 (9K) gold

13 392,50ft

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1 gram of 585 (14K) gold

21 161,96ft

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1 gram of 750 (18K) gold

27 130,63ft

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1 gram of 999 gold

36 635ft

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1 gram of 900 gold (coins)

32 763ft

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1 gram of 917 gold (coins)

33 335ft

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1 gram of 999 gold (coins)

36 329ft

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1 gram of 999 gold (bars)

36 329ft

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Scrap Silver

We Buy (Up to)

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1 gram of 500 silver

168,71ft

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1 gram of 800 silver

269,94ft

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1 gram of 830 silver

280,06ft

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1 gram of 925 silver

312,11ft

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1 gram of 999 silver

337,08ft

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1 gram of 999 silver (coins)

337,08ft

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1 gram of 999 silver (bars)

337,08ft

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Contacts

Tavex Kft.
1054 Budapest,
Szabadság tér 7.
Bank Center,
City tower 1st floor
E-mail: tavex@tavex.hu
Tel. +36 20 225 1515

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