Yes, it is true, according to data compiled by 911Metallurgist.com. In fact, a ton of used iPhones contains 324 times more gold than a ton of gold ore does. A ton of iPhones also contains 13 times more copper than a ton of copper ore does, and 6.5 times more silver than a ton of silver ore does. So the message seems to be that as demand for precious metals remains high, recycling phones is a practice that is not about to go away.

We get many calls at Specialty Metals Smelters and Refiners from people who have cellphones, catalytic converters, computers, remote control devices, and other items that contain precious metals that can be extracted and refined. The first question that those callers ask is usually, “How much are they worth?” And the first question that we usually ask them is, “How many do you have?”

Recycling precious metals like gold, silver, platinum, palladium and rhodium can be a complicated business. There could be treasure hiding in the most unusual places, and businesses and consumers alike are always on the lookout for tips, tricks and advice. Our top blog posts, as determined by our readers, represent a collection of knowledge you may find just as worthwhile to read as they have.