Just need help please.
Last Post 13 Feb 2015 01:49 PM by DENNIS JANKA. 5 Replies.
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Mary BosanekUser is Offline
Greenhorn
Greenhorn
Posts:7



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14 Jan 2015 03:03 PM

    OK so we are new to this and I am having a hard time trying to figure out what and why there is a difference between 99.9 % pure gold and 18k gold. Please do not laugh at me, I am sure some of you will find this funny. I have 62.30 grams of gold, nuggets and fine, we are on some hard times as I am disabled and you don't need to here the rest. Anyway I wanted to know the difference between the purity of what we find in the field and the 99.9% pure I keep coming across. Also the difference between a troy ounce and an ounce also penny weight. What the heck is that? I understand an ounce is an ounce and a gram is a gram. Any help would be greatly appreciated as I am looking to sell and want to make sure I get my money's worth, plus I don't want to look like so dumb lady. Thank you GPAA Family.

    WILLIAM HALLUser is Offline
    Lost Dutchman
    Lost Dutchman
    Posts:437



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    14 Jan 2015 03:33 PM
    If your gold buyer is telling you your nuggets and fines are 18 karat, run, don't walk away.

    Always, always, always get at least two quotes for selling, if not more. Who is lying the most. Know what you have before you sell, or pay the price of being ripped off for not knowing.



    10k,14k,18k, 24k related to gold purity. Purity relates to other metals that are "alloyed" (mixed) with the gold to make it harder for use as jewelry.

    999.9% gold is as pure as it gets and is very soft. This has been fired (melted) and the impurities removed using various processes.

    Depending on what part of the world the gold came from will determine the purity of the raw gold.

    Most gold mined in California is approximately 22k. Other metals such as silver, copper, nickel will be in the gold making it less pure.



    Use your internet and search weight measurement relating to gold. There is a difference between a pounds and troy pounds. Good way to win a bet at the bar, what weights more a pound or troy pound ?

    Penny weight is how the old timers measured the weight of gold back in the day, and is still used today.

    There are other weight measurements related to gold as well, check it out.





    Bill
    So much river....So little time....Get out there
    Mary BosanekUser is Offline
    Greenhorn
    Greenhorn
    Posts:7



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    14 Jan 2015 05:12 PM

    Thanks Bill, so what purity is the nuggets and fine that I have? Nuggets are nuggets right? Solid? Or do they have other things in them. My fine stuff needs more cleaning cause I can still see black sand.

    KENNETH SWINEFORDUser is Offline
    Panner
    Panner
    Posts:29



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    15 Jan 2015 05:24 AM

    The purity of gold depends on how much other metals or impurities, non-gold material is encapsulated within the gold metal.  Black sands freely mixed like beans in a soup don't affect the purity of the gold its self, it must be physically mixed into the gold more like sugar dissolved in a soda pop to affect the purity of the gold.

    You may not actually know the purity of your gold unless you have it refined or assayed.

    Ounces are not ounces when it comes to precious metal, a Troy ounce, used to weigh precious metal equals about 31.10 grams.  The ounces we see used most in the U.S. are like the ones used to weigh food as in super markets and equal 28.35 grams.  There are about 12 troy ounces in a Troy pound, and 16 ounces in the avoirdupois pound or super market weight.  A penny weight is roughly 1/20th of a troy ounce.  The ounces can vary depending on what standard of measure the buyer uses to weigh your gold don't be afraid to ask them so you can do your own math.

    Your nuggets, depending on size and shape may be worth more as individual nuggets vs being melted into a button or a bar, but remember someone has to pay for any refining process and it wont be the refiner buying the gold.

    Mary BosanekUser is Offline
    Greenhorn
    Greenhorn
    Posts:7



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    15 Jan 2015 06:34 AM
    Thanks Kenneth, that helps me out.
    DENNIS JANKAUser is Offline
    Sluicer
    Sluicer
    Posts:56



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    13 Feb 2015 01:49 PM
    GOOD INFORMATION SO FAR MARY A SIMPLE RULE OF THUMP WITHOUT THE TEC. TALK IS THIS THE MARKET PRICE YOU SEE IS FOR 99.9% GOLD EXAMPLE $1000.00 oz. market price. your placer gold before it is refind ( melted down all impurities out ) is worth ruoghly 20 % less than market price so at a thousand dollar market you'd get $ 800 per ounce if you go to the web site gold fever prospecting . com they have a chart that breaks it down to the gram for price. also remember some jewels will pay a little more for muggets. hoped that helped

    member plp,wma, gpaa, montana museum of mines, new 49ers, fabricator and member last chance gold
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