In 1998, 175 metric tons (t) of refined gold was recovered by U.S. refiners from old and new scrap. The overall recycling rate was 29 percent when scrap consumption was compared with apparent domestic supply. Sources of old scrap includes discarded jewelry, dental materials, plating solutions, and electronic equipment. A very high old scrap recycling efficiency of 96 percent was reached in 1998, the supply of old scrap peaked, gold prices were at an 18-year low, and substantial amounts of old scrap were exported. U.S. net exports of old scrap had a gold content of 28 t.