Midwest Refineries – Precious Metal Refiners & Gold Buyers
Home to the historic Jewelry District and a thriving entertainment industry, Los Angeles produces a steady stream of gold jewelry, coins and props that need a trustworthy buyer. Midwest Refineries has bought and refined precious metals since 1939, and LA sellers throughout Los Angeles County get the same honest, fee-free treatment as every customer nationwide.
Gold Buyers Los Angeles CA | No-Fee Since 1939 – Sell gold in Los Angeles with zero hidden fees. Midwest Refineries pays 95% of pure gold content plus 100% spot price. Trusted buyer since 1939.
Buyers claiming to pay “98% or 99%” often quietly add assay fees, treatment charges, brokering fees and handling costs, since no business can truly survive on a 1-2% margin. Midwest Refineries charges zero fees. Orders under 3 troy ounces are purchased outright based on average after-melt weight loss and karat purity; 3 ounces or more are melted and assayed for exact content. Los Angeles customers receive 95% of pure gold content and 100% of spot price at settlement.
Karat jewelry, rings, chains, bracelets, wedding bands, coins and bars, dental gold, watches, nuggets, scrap gold, gold-filled items, gold solder, sponge, shot, sizing stock, alloys and bench sweeps. Gold-filled material is purchased outright at 15% of spot price per pound. Not accepted: gold-plated items, electronic scrap, magnetic gold-filled, gold-filled with stainless steel.
Call us before you ship — we’ll explain how your material will be tested and what to expect. For security reasons, we do not accept walk-in traffic — all precious metals must be shipped to us using our shipping instructions.
Downtown LA’s Jewelry District is one of the largest in the country, and Southern California’s entertainment industry, estate sales in Beverly Hills and Pasadena, and generations of family jewelry all keep gold moving through the region. Los Angeles is also home to numerous dental labs and independent goldsmiths generating scrap gold each year, along with active gemstone and antique markets around the Fashion District. Rather than accepting a discounted quote from a crowded local market, LA sellers can ship directly to our refinery and get paid based on an honest, assay-verified weight.
Midwest Refineries has operated as a full-service precious metal buyer, smelter, refiner, assayer and broker since 1939. After 86 years based in Michigan, we relocated our headquarters to Lakeland, Florida in 2025, now led by second-generation owners Joanna and Raul Acosta. We hold an A+ rating with the Better Business Bureau, and Los Angeles customers can count on the same honesty and no-fee pricing that has defined our company for more than eight decades.
The stamp on your gold jewelry indicates karat purity: 10K equals 41.7% pure gold, 14K equals 58.3% pure gold, 18K equals 75% pure gold, and 24K equals 99.9% pure gold. Between decades of estate sales, entertainment industry turnover, and generations of Southern California families, it’s remarkable how much forgotten gold jewelry, coins and dental work sits waiting to be sold across greater Los Angeles.
Package securely and ship to our Lakeland, Florida refinery per our shipping instructions. It is not necessary to remove gemstones from karat jewelry or enamel from dental gold, since both are handled safely during the melting process. We weigh, assay and settle promptly, with payment by check, bank wire ($35 domestic fee, $60 international fee), precious metal bars, coins or rounds, or combination. No minimum, no maximum.
LA's Jewelry District and pawn shops often pay a discounted local price; shipping to our refinery gets you 95% of the true assayed gold content instead.
We buy items based on actual gold content, so genuine karat gold pieces used as props or jewelry qualify, though costume or gold-plated pieces do not.
95% of pure gold content with no fees, plus 100% of spot price at settlement.
Orders of 3 troy ounces or more are melted and assayed to determine the precise gold content before payment.
What is a Troy Ounce?
A troy ounce is a system of weights used for precious metals and gems, based on a pound of 12 ounces as opposed to the traditional 16. A troy ounce is 31.1034768 grams or 0.0311034768 kilograms.
Contact us first — we’ll confirm what you have, how we’ll test it, and what you can expect to receive. Our assay laboratory and our 85-year reputation exist for one purpose: to make sure you are paid honestly and accurately for every precious metal you send us. If you have questions about how your specific material will be evaluated, call us. We’re always happy to walk you through it.
4418 Florida National Dr., Lakeland, FL 33813
Gold • Silver • Platinum • Palladium • Rhodium | Family-owned since 1939 | Serving all of the USA
Contact us first — we’ll confirm what you have, how we’ll test it, and what you can expect to receive. Our assay laboratory and our 85-year reputation exist for one purpose: to make sure you are paid honestly and accurately for every precious metal you send us. If you have questions about how your specific material will be evaluated, call us. We’re always happy to walk you through it.
4418 Florida National Dr., Lakeland, FL 33813
Gold • Silver • Platinum • Palladium • Rhodium | Family-owned since 1939 | Serving all of the USA
ATOMIC NUMBER – 79 – ELEMENT SYMBOL – Au – ATOMIC WEIGHT – 196.96655 – MELTING POINT – 1064.18 DEGREES C. / 1947.52 DEGREES F.