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 Replies: 12 / Views: 2,613 |
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Pillar of the Community
United States
648 Posts |
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Pillar of the Community
United States
3184 Posts |
I think its hard to resell to others vs bullion gold coins because of the purity and you have to find someone who is into it. I mean I'm into gold eagles so I wouldn't buy your nugget. However there are places online as well as your local coin store that would buy it.
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Pillar of the Community
United States
3184 Posts |
For a coolness factor, I do think it would be neat to own some small nuggets, but not for investment value.
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Pillar of the Community
United States
1388 Posts |
I think it's because of the fact that bullion is guaranteed by governments. A secure investment. But I would love to have some nuggets just for the wow factor  |
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Pillar of the Community
United States
3670 Posts |
Good thread, I also love the look of a REAL gold nugget, like a finger print, one of a kind. It would be very cool IMO to own an oz of quality nuggets, and on ebay I see them from Canada an Australia often.... I think we covered the pros, but the cons would have to be the money spent to get it refined and made into a gold bar perhaps, or knowing if it was simply real or not like mentioned above? Would this not just simply make an oz of say un-refined nuggets less valuable than say a nice 1 0z Pamp bar? Like say perhaps a 100 bucks less an oz, seems like a good average number? Edited by Silverhawk74
03/27/2011 6:53 pm
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Valued Member
Canada
442 Posts |
I know a friend that has a about 20 mini nuggets for a total of 1/2 oz. They look cool, but in all honesty I think they would be hard to liquidate if you don't have any paper work or anything to confirm their authenticity. Someone very experienced with gold might be able to tell, but not for the average joe.
I much prefer the coins :)
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Rest in Peace
United States
9104 Posts |
If you brought me that ounce of nuggets, I'd give you two options:
$200 cash*, or
let me get it refined and assayed. You get 80% of what the refiner pays me (which could be lower by the time they get to process it), minus the assay fee.
The more work you put on the buyer, the more it will cost you.
*cheap? You betcha! I'm betting 95% of gold buyers wouldn't touch the stuff.
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Bedrock of the Community
Australia
21788 Posts |
Gold nuggets like anything else, have been faked.
I have seen a magazine article about gold being poured into water, where it breaks up to form smaller or larger nuggets of controllable size. It is also possible to pour this moltern gold onto crushed quartz, to help give it a bit more authenticity. The source of the gold comes from scrap gold coins, with as much added copper or silver as the forger thinks he can get away with, or by using .500 or .750 gold scrap.
The reason why this sort of skull duggery is tempting, is that I have seen 'natural gold nuggets' at auction sell, weight for weight, for more than the spot price of pure bullion gold.
Even gold bars have been faked by plating tungsten with a thick cover of gold.
Like any other investment, learn about your market first.
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Pillar of the Community
 United States
648 Posts |
I agree, research is important and everything is faked from 100 oz bars, nuggets, morgans etc. I was at a coin show a few weeks ago, and I actually saw a few dealers selling natural gold nuggets. One was a nice chunk of gold @ 3.0 oz's
Rather than spend money on 1 oz of nuggets and possibly not recoup all of it. These days I just want one 2.5 grammer just for kicks from a pure enjoyment/collector perspective. I can live with that.
Edited by tripncoins
06/05/2011 09:49 am
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Pillar of the Community
United States
3184 Posts |
I got a few small one from a member here just for the kicks and thats it.
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Pillar of the Community
United States
4008 Posts |
I agree with the sentiment on this. A gold nugget would make a great item to have and enjoy looking at. It would also make a pretty nice piece of jewelry. It would not be especially good as an investment, though. Coins, bars, and rounds that are stamped with their true weight, metal type, and purity would be better for most collectors and would certainly be a lot easier to sell at a fair price.
This topic does bring up an interesting point, though. If someone were to use a metal detector or a pan and search for small bits of gold as a hobby, what would the do with any that they found? Would a coin shop buy the nuggets or dust? If so, what would be a reasonable rate? I realize that the assay of the raw gold would matter a lot but for general discussion, could some average value be used?
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Moderator
 United States
16679 Posts |
Quote:
Gold nuggets like anything else, have been faked.
Well, these are real. I should know, I found em  Only 1% of all native gold is in nugget form so yes, they are good investments.  swcoin.ecrater.com
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Pillar of the Community
United States
4008 Posts |
Quote:
Well, these are real. I should know, I found em Well, that is pretty darned cool! Congrats on your finds! So... just how did you find these little beauties?  |
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Replies: 12 / Views: 2,613 |
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Posted 03/27/2011 3:40 pm
