Beach High Banker, Sweep Jig, Whippet Dry Washer, Lobo ST, 1/2 width 2 tray Gold Cube, numerous pans, rocker box, and home made fluid bed and stream sluices.
A nugget can be a collectors item so the price it is sold at could be more than it's gold value at current gold prices. Note: No natural gold nugget is pure gold but most are close to or over 90% pure.
Depends on the character of the nugget and the locale. Smaller placer nuggets (no insult intended) will usually bring 80% to 100% spot gold price (total weight of the nugget without regard to gold content). They will get resold to collectors for some percentage above that. Does it have quartz inclusions? Nuggets larger than a couple penny weight start to bring higher prices usually.
I don't know an exact weight cut-off for prices..but as always - it depends.
A single 2.44 gram nugget is not going to bring the same price as an ounce of similiar sized nuggets.
Some of the "We Buy Gold" buyers offer to pay 80% spot price of the actual gold content verified by a test of some sort, with the reasoning that they have to pay the refiner a certain fee...avoid selling nuggets to those types of buyers unless your just looking for fast cash.
Not that they are dishonest..they are just looking for a different type of seller. I'd compare it to a pawn shop. They simply will not cut into their profit because there are enough sellers that will accept their offer (especially after witnessing a scientific test showing 10% of the content isn't even gold and listening to the complicated process involved to separate the impurities) Then of course there is the story about having to sit on the investment until enough is purchased to send to the refinery.
Early on, I sold gold to a guy that paid 80% spot price of the actual weight.
He didn't want to be bothered with pictures, didn't care if it was flower or nuggets..the amount of gold didn't matter.
That tells you what a good deal it was for him.
He did not crush it but did clean the nooks out good and found 2 little pickers, he then ran his detector over it with no signal. If there is more gold inside it would his detector pick that up ? thanks IMAUDIGGER.
A nugget can be a collectors item so the price it is sold at could be more than it's gold value at current gold prices. Note: No natural gold nugget is pure gold but most are close to or over 90% pure.
Exactly correct. The gold in the quartz matrix would be more valuable as a specimen piece than the gold by itself. Even the nugget out of the quartz will bring a bit more than scrap value.
He did not crush it but did clean the nooks out good and found 2 little pickers, he then ran his detector over it with no signal. If there is more gold inside it would his detector pick that up ? thanks IMAUDIGGER.
Depends on a few things..
The biggest factor would be what detector and coil was used.
Secondly it would depend on the concentration of the gold...fine gold evenly distributed through the rock tends to be invisible to most detectors. Threads and pockets of gold are easier to detect. I've just never seen an apparent placer nugget wedged into a quartz rock.
That was a cool find.
