Curley Cole, SASS #56849 Posted October 31, 2012 Share Posted October 31, 2012 real gold I took Prof. Bullspits boy scouts up to Lytle Creek to show them how to pan for gold. one young fella came up and showed me the palm of his glove, and it had picked up a nice gold nugget. About 1.5gm (I think I was so shook up by his beginners luck is why I blured the pix... may have him loan me his gloves.... curley Link to comment Share on other sites More sharing options...
Russ T. Sites Posted October 31, 2012 Share Posted October 31, 2012 How much is that worth? Link to comment Share on other sites More sharing options...
Pulp, SASS#28319 Posted October 31, 2012 Share Posted October 31, 2012 28 grams/ounce. Gold at $1700/ounce. If'n my math is correct, about $90.00. Link to comment Share on other sites More sharing options...
Curley Cole, SASS #56849 Posted October 31, 2012 Author Share Posted October 31, 2012 I am pretty sure the nugget was about 1.5gm at about $1750 per oz that amount would be worth abuut $60-70, but nuggets often have a couple of variables. first how pure is it? It looked pretty pure (no quartz or anything in it...) and the impurties would drop the value, but then again, nuggets that size and larger also come with a jewelry or collectable value. I have smaller nuggets set in my wedding band, so a jeweler would pay good money for that purpose. then larger nuggets then come with a collector value, often times maybe 2-3x the gold value. I know that is the long way around the barn, but I know a couple of places that would pay $50-60 right now for that piece... I didn't say how the kid found the nugget. he was scooping dirt out of the stream and putting it in the gold pan, and the nugget stuck to the velcro in the palm of his glove much like the "miners moss" in a sluice box. I am looking for a pair of them gloves right now...\ curley PS: sorry Pulp, gold is in troy ounces. there are 31.1gm per oz and that would put it at about $75. Troy ounces equal: 24 grains= 1 pennyweight or 1.55 grams, 20 pennyweight = 1 ounce or 31.1 grams. 12 ounces = 1 pound cc Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.