Joined: Fri Apr 04, 2014 2:05 pm Posts: 23
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I doubt leaving that chip on will give you an upgrade. Here's my logic: If the chip is soldered in place that means that the board will not contain the concentrated gold typically found in the socket so the chip itself would serve as a substitute for that at the refinery. I have however seen some posts on the forum from Boardsort offering upgrades to telecom grade for boards with 386 and/or gold cap chips but those are much more valuable than yours.
Without a picture it is hard to tell for certain but the description of the chip sounds like a ceramic AMD worth $27/lb today, separated. That being said if you were to remove it you are likely facing a downgrade on board which would result in a net loss compared to leaving it all intact since those chips are only around an ounce +/- each.
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