Jump to content
Nugget Shooter Forums

Selling gold.


nugget108

Recommended Posts

Hi everyone. I have kind of a dumb question on selling some gold. I have 2 ounces of gold that I got from a few of the specimens I found. I crushed them and that's what I came out with. With the price of gold being 1250 right now, what would you guys sell it for if you were selling it? I'm use to selling/trading nuggets and chunky gold, but never have sold this type of gold. Thinking of selling some off to get some more detecting goodies.

Thanks everyone.

Edited by nugget108
Link to comment
Share on other sites

Yeah the pic doesn't look good. But there is a lot of silver in it. Not quite electrum i dont think but it does carry some silver.

  • Like 1
Link to comment
Share on other sites

Yeah it's pretty light colored stuff.

Edited by nugget108
Link to comment
Share on other sites

15 hours ago, nugget108 said:

Hi...

Getting spot for fines is an excellent deal.. Most "We buy gold" places run 85% to maybe 90% if you're a known, and that's for finished gold items, not wild.. Some really try to stick it to ya @ 80%, and even less.. Don't see too many brick-and-mortar buyers of wild gold except in gold country though.. Refiners tend to offer the best prices; I've seen up to 98% of spot.. You need to trust their 'count-and-amount', and they tend to have a minimum weight -- although with wild Au I think you're in there at an oz.. Plus all the above want to have you on the books, so no cash-under-the-table dealings..

I think Bill's on it when he says you'll probably get your best price (spot) from a gold hound / prospector.. You may be able to get slightly better than spot off of eBay though if you take the time to do a well-written description hawking where it was found, with good pictures, with a good break-out of content's percentages, why that place / area is/was important gold-wise etc., etc.. Some folks don't want the 'hassle' of dealing with the Bay tho, especially true if you aren't already set up on the site.. If trying to sell to an individual via classified, you're still going to need a similar write-up..

You're going to have to do at least an approx purity analysis anyhow unless going brick-and-mortar (in which case you have to go by their's).. You have the benefit of a decent amount of silver too, preventing the entirety of anything else being written off as dross.. Regardless how you go about it if outside of brick-and-mortar, I'd definitely include a pix of that one speci pre-crushed.. Wotta great score that was..! :yesss:

Swamp

Edited by Swampstomper Al
  • Like 2
Link to comment
Share on other sites

7 minutes ago, LipCa said:

Might have been better if you had not crushed them?  Was there visible gold in the specimens?

You know how you have awesome species and then you have them ones you really can't do much With? That's how most of these are....UGLY but loaded haha. Really not worth doing much with other than crushing them. Heck most won't even work in Cab form. I do have several that are really cool and they are whole in the display case.

Link to comment
Share on other sites

On 7/26/2017 at 3:38 PM, LipCa said:

Might have been better if you had not crushed them?  Was there visible gold in the specimens?

They were truly the 'plain brown wrappers' of specimens, Harry -- with one absolutely loaded with Au not visible prior to opening..
There's before, after-splitting & after-crushing pix of that one on here somewhere, I'm thinking right at two years ago if up for a look-see..
Yeah, nothing at all like your recent discovery..

Swamp

  • Like 1
Link to comment
Share on other sites

20 minutes ago, LipCa said:

If no gold visible, crush them I guess.... I have several ounces of crushed stuff nobody wants to buy. Melt it down someday I suppose.

Swamp is right. Just brown rock with barely any visible. I have found very cool ones that are still whole. Here is the big one. Before and after.

20150513_132631.jpg

20150607_085927.jpg

  • Like 2
Link to comment
Share on other sites

Most of the time, if you're in a rush to sell, you're lucky to get 70-80% for crushed up and placer fines ... Refiners often give surprisingly better prices as much as 95% if you pre-refine....They'll run a gold content test and deduct for any silver, p-group and copper weight ....Thats how many refiners make the $$$ on the left over precious metals...Doing a rush sale locally is the worst....Like all products, marketing & presentation is the key to getting the best prices... If you're lucky enough to know collectors, and they trust you, you can get up to 150% of spot for nice nuggets...Sometimes more for something really special...Good luck...Cheers, Unc

  • Like 3
Link to comment
Share on other sites

1 hour ago, nugget108 said:

 

 

20150607_085927.jpg

I wonder what this would look like with the quartz dissolved in Acid.  Some you can just tell they'd be nuggets, this I wonder if it would make a fragile, foily specimen.

Link to comment
Share on other sites

Most of it falls apart with the acid but some of them will turn out to be a slab. Just depends on the thickness of the vein. I have a few that might turn out pretty cool, I'm just scared to ruin them lol.

Link to comment
Share on other sites

34 minutes ago, chrisski said:

I wonder what this would look like with the quartz dissolved in Acid.  Some you can just tell they'd be nuggets, this I wonder if it would make a fragile, foily specimen.

In my experience, if treated with hydroflouric acid, the quartz will bleach white leaving you with the gold on white contrast. The results may depend on the location. Well worth trying since that hfl treatment can produce very aesthetic specimens.

Also may want to get acquainted with the formula for determining the weight of gold in specimens like yours. It may not be 100% accurate but at least it'll give you an idea.

  • Like 1
Link to comment
Share on other sites

Yep I have also used acid and very cool results, be sure not to use over 55% as it is very dangerous and if done in a closed shop with windows for vents those windows will be frosted, don't ask..... :grr01:

  • Like 1
  • Haha 5
Link to comment
Share on other sites

6 minutes ago, Bill Southern said:

Yep I have also used acid and very cool results, be sure not to use over 55% as it is very dangerous and if done in a closed shop with windows for vents those windows will be frosted, don't ask..... :grr01:

It is used for etching glass :)
Tom

 

  • Haha 1
Link to comment
Share on other sites

if you sell local ,be sure to have them do the testing and weighting in front of you. here were I live they will buy at about 65- 75 % of spot price that is for any gold ., so I don't sell locally. i like to sell fine gold it is the cleanest and gets the best price . nuggets sell to individuals get a better price.

  • Like 1
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...