Most dentists who own their practice know that one of the best ways to earn extra income is to save dental scrap. What many do not realize is that there are different methods of payment offered, depending on the company you ask.
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Why is Dental Scrap Valuable?
Dental scrap refers to the bits of material leftover after a dentist has performed reconstruction or any other kind of work on a patient. These bits can be valuable because they often include parts that have been leftover from older dental work that must be removed or replaced and are therefore no longer needed. Since dental work often contains precious metals like gold, silver, palladium and platinum, it can be worthwhile to salvage.
While dentists are required to ask whether their patients want to keep this material, it is more likely that they will opt to discard it, given that it is no longer needed to improve their teeth. In this case, dentists can boost their practice’s revenue by cashing in on these bits of precious metals to generate an ongoing stream of passive income.
How to Find Dental Scrap Compensation
Suppose you’re a dentist that has been collecting scrap for resale. In that case, you need to bring that material to a company capable of extracting and refining the precious metals it contains. While businesses like Muzeum Dental Refining specialize in extracting and refining dental scrap while providing a report on its contents, not all companies are willing to offer this service.
That’s where the need to understand fair payments and know how to find a company you can trust comes into play.
Why Do Payments Vary?
These different methods of payment exist because one is designed to take advantage of unsuspecting dentists so that the company can make a higher profit. Given that this industry is not widely known and that most dentists do not pay close attention to the fluctuating price of precious metals, it is easy for some companies to make a profit off unfair payments in this way.
Two Methods of Compensation
There are two main ways that companies who buy dental scrap offer dentists compensation for what they’ve brought:
- Weight and Pay
- Refine and Report Before Payment
There is a clear advantage to dentists who opt for the second method because when you can have the precious metals in dental scrap refined before you receive payment, you are given a report that tells you exactly what kind of precious metals and how much of each metal you brought.
If you’re a dentist that is looking to get a fair value for the precious metals in your dental scrap and would like to know how to find a company you can trust, the first step is to find a company that offers payment after the extracting and refining process, along with a report. Contact a dental scrap refining company today to find out if they can provide a report for your precious metals.
