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 Replies: 11 / Views: 2,243 |
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New Member
United States
26 Posts |
I have another newbie question that deals with pure gold (i.e., gold that is not alloyed or contaminated.) Is all pure gold equal in value regardless of its source, or could gold mined from one area of the world of a better "grade" than gold found elsewhere?
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Valued Member
Belgium
186 Posts |
Yes, all .999 pure gold has the same value if it's in form of generic bullion, no matter the source. Now a gold nugget mined in California in 1849 that is certified authentic will be more expensive due to its Gold Rush association, but the same gold melted into generic rounds will not.
Now you might expect to pay a premium depending on the number of 9s in the purity of your gold, so 5N (.99999) gold is much more expensive than 4N (.9999) or 3N (.999) gold.
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Bedrock of the Community
United States
94367 Posts |
  to the CCF! |
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Pillar of the Community
United States
1475 Posts |
As DominikWSP stated, it does not matter the source of the gold. The purity is what's important. and Edited by Coconutjoe
11/05/2017 2:34 pm
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Rest in Peace
United States
17900 Posts |
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New Member
 United States
26 Posts |
Purity. So, is .9999 gold worth more than .999 gold? If each coin is certified as 1 oz of gold, then the number of "9's" should not matter, even though more "9's" means less impurity. An oz is an oz, right?
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Pillar of the Community
United States
1475 Posts |
Quote:
Purity. So, is .9999 gold worth more than .999 gold? If each coin is certified as 1 oz of gold, then the number of "9's" should not matter, even though more "9's" means less impurity. An oz is an oz, right? First, 1 oz gold tells you the weight. It could be 1 oz of gold, or 0.99 oz of gold and 0.01 oz of silver, which equals to 1.00 oz weight. 1 oz can be 0.999 oz gold and 0.001 something else. or 1 oz can be 0.9999 oz gold and 0.0001 something else. The the purity matters, assuming that the weight is equial. |
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Bedrock of the Community
Canada
24885 Posts |
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Valued Member
Belgium
186 Posts |
Quote:
Purity. So, is .9999 gold worth more than .999 gold? If each coin is certified as 1 oz of gold, then the number of "9's" should not matter, even though more "9's" means less impurity. An oz is an oz, right? As Coconutjoe said, higher purity means slightly more gold thus from a purely bullion perspective a slightly higher price. However, in addition to this, while 3N or 4N (.999 or .9999) purities are now standard, higher purities are very difficult to produce and seldom encountered, adding to the prestige. Thus a coin or bar which is certified to be of very high like 5N or 6N (purest ever made) purity gold can achieve very high prices that are not directly related to the bullion value. Edited by TheCoinDom
11/05/2017 4:38 pm
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Valued Member
United States
434 Posts |
PCGS has moved from encapsulating pinch of gold dust /small nuggets to larger nuggets. Added this 1857 SS Central America shipwreck nugget to my collection ...
 
Edited by DrDarryl
11/05/2017 9:07 pm
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Bedrock of the Community
13014 Posts |
Quote:
As Coconutjoe said, higher purity means slightly more gold thus from a purely bullion perspective a slightly higher price. .999 or .9999 1 oz gold coins will both contain 1 troy oz of gold. |
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Pillar of the Community
Australia
3831 Posts |
The definition of pure gold or 999 gold would mean that all impurities must be removed to be certified as such. There may be microscopic traces of other elements. It does not matter whether the gold was mined in US, Canada, China, North Korea etc - all of them will end up to be the same.
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Replies: 11 / Views: 2,243 |
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Posted 11/05/2017 2:21 pm
