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 Replies: 13 / Views: 1,525 |
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Pillar of the Community
United States
538 Posts |
Received my first piece of gold today in the mail. It's only a 1/10 gram Nadir assayed piece that I got for $5.01 but still shiny lol. I bid on it for kicks not really caring one way or the other but now that I have it I really want some larger pieces.
I'll be checking out some 1-10 gram pieces lol.
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Pillar of the Community
United States
3184 Posts |
1/10th of a gram? dang thats tinyyyyyyyyyyyyyyy! :D
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Pillar of the Community
Canada
815 Posts |
Congrats! My first gold piece was something I will always treasure. It's a 1/10th oumce Krugerrand, early 80's. The KR has always been the "king of coins" for me, so getting one, even fractional, was a big deal.
Save up, skip buying coins for a month, and get.yourself a.nice.gold piece. You won't regret it!
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Pillar of the Community
United States
2589 Posts |
And I thought the one grams were small, that thing must be truly tiny indeed!
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Pillar of the Community
United States
5861 Posts |
Congrats! I think...
Is that a "piece" of gold or a "flake" of gold? Whatever you do, don't sneeze...
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Pillar of the Community
United States
3670 Posts |
My first gold piece was one of ten Liberia gold coins- the 25 dollar piece which is 3/4 a gram of gold. I always say there a good buy at 40 to 70 depending on image on coin rarity. They are pure 24k as well.
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Pillar of the Community
 United States
538 Posts |
It's about the size of my pinky nail and probably slightly thicker than a sheet of paper. So it's like a flake of gold that was pressed lol. I got it 10% below spot so I consider that a win. I'm going to start saving up and hopefully get a nice fractional gold eagle around Christmas.
This is actually in an assay card so I don't have to worry as much about sneezing and losing it lol.
It is .995 pure is that 22k?
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Moderator
 United States
14463 Posts |
22K would be .916
.995 x 24K = 23.88K an odd number
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Pillar of the Community
United States
1721 Posts |
 That is a strange way to mark gold. At 5 dollars for a 1/10 gram, this would work out to 50 dollars per gram. The Kitco buy price for 24k is over 49 dollars per gram so that's really not a bad price to pay. Maybe you can get a discount on a bulk purchase  ? This would work out to 1558.36 per ounce. If they are only 23.8k instead of 24k, this would not reduce the value a lot. If I did my math correctly, the .2 missing karat would result in a 33.58 loss in a pure ounce value. At that price they are selling gold below market value. Am I missing something here? |
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Pillar of the Community
United States
5861 Posts |
Quote:
At that price they are selling gold below market value. Am I missing something here? Shipping and "handling" fees, perhaps? |
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Pillar of the Community
United States
538 Posts |
The $5.02 was including shipping. It was an auction that I won.
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Valued Member
United States
335 Posts |
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Pillar of the Community
United States
1450 Posts |
My first gold was about 5 small flakes I panned in northern California! t wasn't much but it gave me "gold fever". I have never gotten anymore gold "in the wild" but now have accumulated eleven ounces(plus 4 or 5 flakes),and I still have the fever!
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Pillar of the Community
United States
561 Posts |
Any gold is good gold. Congrats.
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Replies: 13 / Views: 1,525 |
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Posted 11/03/2012 3:33 pm
