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 Replies: 18 / Views: 3,396 |
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Pillar of the Community
United Kingdom
4208 Posts |
Hey guys. I want some gold. Nothing special, the smallest amount I can get. My only peice of gold in my collection was knicked (meeeeeh) and that was not much (just plating really, but considerably thicker than the modern kind due to how it was done).
Should I go for a gold nugget of a tiny size, or a grain bar?
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Pillar of the Community
United Kingdom
548 Posts |
It's quite easy to get hold of 1 gram bars of gold, although they're so tiny they're more like "slivers of gold". Likewise you can buy gold coins in small fractions, such as 1/10 ounce or even 1/20 ounce.
Some people buy fractions because they like miniature coins and that's fine but personally I don't think it's worth it for less than 1/4 ounce. Most of my coins are silver because I can't always afford gold ones. A full size silver coin is more enjoyable, in my opinion, than a miniature gold coin bought for the same price.
Do what you feel like. Bullions dealers all carry smaller amounts of gold in various forms.
Edited by Demarco Bishopp
07/27/2013 4:01 pm
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Pillar of the Community
 United Kingdom
4208 Posts |
Well, even 1/20 ounce is too much for my budget.
You know what would be cool? A cube of quartz with gold veins in it. Just 1cmx1cm cant contain much gold at all, right? I wonder how id go about that.
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Pillar of the Community
United States
807 Posts |
I've got a little card in my wallet with 100 mg of gold inlaid into it. It came as a premium with a LaserDisc I bought, why I don't know (the movie cost me about twice what the gold was worth). But it's genuine, bearing the mark of a well-known Japanese refiner.
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Pillar of the Community
United States
1391 Posts |
There are some small Indian gold coins. I think they are called "Fanam." I've picked some up before for under $20. Gold has gone down since then too.
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Pillar of the Community
United States
807 Posts |
Oh, yes, gold fanams are the size of pinheads. Even silver fanams are half-dime size, but the gold ones are so small they were traditionally counted by sweeping them over boards with a certain number of properly sized holes in them.
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Valued Member
United States
239 Posts |
I have a couple .5 gram & 1 gram gold bars. They are neat because they come encased in a plastic card that is the same size as a credit card.
I also bought a couple 1/20oz panda's & a dos peso
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Valued Member
Canada
258 Posts |
I find a fun way to buy gold in small amounts is to get small nuggets. Not the greatest for investment potential but fun from a mineralogical angle. So instead of quartz with thin veins of gold I have gold with tiny bits of quartz.
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Pillar of the Community
Canada
5417 Posts |
Fanam's are a great choice. Though if you want to go for Fanam's I would recommend no smaller than a "full" fanam. Quarter Fanam's can 2-4mm wide. I myself own 3 gold fanams 2 of "the rajahs of cochin" and one from "the kingdom of travanvcore". Watch out though they are widely counterfeited.
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Rest in Peace
United States
7075 Posts |
Quote:
You know what would be cool? A cube of quartz with gold veins in it. Just 1cmx1cm cant contain much gold at all, right? I wonder how id go about that. What you wrote made me curious so I went looking on the bay and there is was. Some can be had for $10 US. Also, they are really cool looking. Gold nuggets are cool too, but the quartz with the gold is really cool looking. |
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Bedrock of the Community
Australia
21786 Posts |
I would think outside the numismatic square.
I would go for small native gold nuggets. At least to some people, they can be quite interesting, and each one is individually unique.
You can pick them up from gem and mineral shows. I have a couple of very small examples.
Needless to say, I also happen to be a gem cutter, and I have a couple of gold nuggets as an 'aside' to my numismatic and gem collections.
One problem: they can be at a quite considerable premium over the spot bullion price.
Most coins with numismatic value are as well, so I use the same mentality, when it comes to gold nuggets.
For small nuggets, expect to pay a premium that is double the equivalent of the corresponding gold weight.
Nevertheless, it is possible to buy a small but interesting gold nugget in the $10 to $20 range.
That ain't too much to spend.
I even own three rough diamonds. Each of these is roughly 2mm in diameter. They are useless as cuttable gems, because they have a naturally inter penetrant crystal structure. Such pieces are only really useful for making industrial diamond grit, but they really do make and interesting addition to my small mineral collection.
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New Member
United States
13 Posts |
The premiums on the small stuff is a killer. I'd save my money until you can afford a painted 1/2 oz. They go for $33 over on APMEX |
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Valued Member
United States
477 Posts |
I bought some gold off ebay for $10. It's a tiny amount of placer gold from Alaska, or so I was told. I just thought it would be a neat little novelty and for $10 I'll just skip a Big Mac meal. Rick |
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Pillar of the Community
United States
1554 Posts |
If you can't even afford to buy 1/20 of an ounce you should quit thinking about gold. Try to figure out why you are considering such a purchase when obviously you should have different priorities.
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Pillar of the Community
Canada
2805 Posts |
Are there any very low-purity gold coins that can be bought (like the .1000 silver Mexican pesos, but gold)? That would be a fun way to have a small but tangible amount of gold.
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Pillar of the Community
Canada
3692 Posts |
Get at LEAST a half ounce.
Mexican gold isn't that expensive, though, so go for that.
If not, advertise of CL or kijiji that you buy gold, and really that's not a bad way to get it in your area; just say that you give more than the kiosks.
And low-purity gold such as the .100 Mexican pesos? I regret even buying any of those. I wish they were at least .500 fine. I didn't buy so much of them that they're a space issue, but I wish I spent my money on Canadian dollars at least.
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Replies: 18 / Views: 3,396 |
Posted 07/27/2013 4:33 pm
