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GlossaryBullion
Assaying
The chemical and metallurgical testing process to verify the purity and metal composition of bullion.
Detailed Definition
Assaying is the definitive analytical procedure used by refiners and mints to determine the exact proportion of precious metal in an ore, scrap piece, or finished bar. Common methods include fire assay (cupellation), X-ray fluorescence (XRF), and ultrasound scanning.
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