Ebay Item #111936548261

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Rmwatson78 said:
Well the guy accepted my offer of 2,000 but I'm wondering about his comment that you would get atleast 6 or 7 ounces after refining.


A little late then to be asking your question?
 
I don't feel like it is because even if I only got three ounces it would pay for my time and resources. I just wonder if anyone has processed this sort of material before and if so maybe they could share their thoughts. It seems like there are a few presumptuous grumpy fellows on this forum but hopefully someone at some point will take me seriously.
 
Rmwatson78 said:
Well the guy accepted my offer of 2,000 but I'm wondering about his comment that you would get atleast 6 or 7 ounces after refining.


I'm guessing you're new to Ebay? People say a lot of things when they're trying to sell you something. Even if we decide to believe his claim that he was told (by somebody?) that it was worth $3500 three years ago, look at the difference in gold spot price between then and now? That would have been only around 2 ounces of gold back then. That 2 ounces would be worth closer to $2500 now. I saw that auction and was impressed how huge it looked in the photos until I read the dimensions. They're wire wrap boards with Augat type pins about .75 inch long I'm guessing by his comparison to a dime. Many of the boards probably never had chips since they have no wiring on them. In the only closeup there are no grooves or other evidence on the pins that there ever was wiring on them. He only showed the top side of a board because it had the 1977 date, so I have to assume none of the other boards contain any chips either? The chips could have been worth much more than the pins depending upon what they were (as collectibles), or how they were constructed (with gold caps and/or side braze) from a scrap standpoint. But there are also the gold pins of the edge connectors and the backplane to consider. My gut feeling is you won't lose money on the recovery, but you probably aren't going to make the killing he implied.

Macfixer01
 
Rmwatson78 said:
Well the guy accepted my offer of 2,000 but I'm wondering about his comment that you would get atleast 6 or 7 ounces after refining.

$2,000. Ummm Ok. Everyone has to learn their lesson. I feel this is the part of auction that hooked you in. "boards and gold was poured and pins made by "


You unfortunatly will not recover anywhere near to what you think you will from these wire wrap boards. Good luck with them though.
 
Well the guy did state on his auction that "your yield WILL be at least 6 to 7 ounces maybe more" so you do possibly have some recourse but as the other lads have said, it's a little late in the day to be asking this question.

Make sure you nail your recovery process before starting this. I note you're having issues with some of your previous projects so do not mix this in, and I would take advice before starting it. One thing I would look hard at though, which others haven't made mention of yet is how those pins are connected to the board because that may be where you find a lot of the purported gold. I'm actually going to take a different tack to the other posters here and say it's possible that his yield figures may be correct.

Jon
 
It may be a good idea to cover your legal bases in case the description proves inaccurate.
I would send a representative portion to a well thought of refinery so as to have an independent opinion.
This will help you make a case for a refund if the return's do not let you break even.
I love eBay the same legal process as the small claims court with none of the hassle.
 
All the following statements are either lies or total BS

(1) It has the highest content of gold ever put in any conducting component. Lie, Lie, Lie, Lie
(2) Once refined, your return levels from these pins will be at least 6 to 7 ounces maybe more, of gold return total. Lie - more like 1/2 oz total is my guess
(3) each pin is numbered which indicates that the pins are gold and had to be accounted for which is rare. Total BS
(4) When i first got it I did my research I was told it was worth around $3500 and this was 3 years ago as it sits right now before meltdown. BS
(5) So, I have recently called the company who made the rack and was told its rare and is very valuable. BS
(6) I was told that if I have anything that was made back then WOW It's rare because we have not done business with Garry Company in 40 years. ???
(7) He then indicated to me that this is definitely one piece worth it's weight in gold because in 1977 they used the purist gold for conductors back then. They used the same purity gold when I started in 1966 as they use today
(8) it has the highest amount ever. Total 100% BS
(9) gold was poured and pins made by Gerry Manufacturing EPD-60-020-15, they poured the gold. BS or ignorance - Gold isn't poured

FAT pins are worth less per pound than skinny pins

My guess on value could be off, since I can't remember running any wire-wrap boards separately. I usually cut them up on a band-saw into about 4" squares and tumbled them with other stuff in cyanide. I know the wire-wrap pins are never as good as they look and the gold is considerably thinner than on connector pins.
 
Step #1 Pay for auction
#2 Receive item
#3 Notify seller ( Item not as described )
#4 Return item and receive refund!

If it's as good as he says he should have no problem selling it again!
 
I'm with GSP on this one. Lots of red flags jumped up when I read the description. The seller made so many assumptions, false claims and pure BS. The guy obviously doesn't know the gold content but yet he will happily TELL YOU how much gold is in there. If those pins were karat you did well but sadly they are only plated so my guess would be 5g to 10g after processing.
Palladium has the right idea, as soon as it arrives open a case of not as described and send it back for a full refund.
 
While I'm sympathetic that our new member has overspent on this item, I'm not so sure I agree that it is "not as described". I've been on both sides of FeePay, as both buyer and seller, and I wouldn't be very happy if my buyer on this lot sent it back.

I agree there is a lot of hyperbole, but what is it that's not as described? They're boards with gold plated pins. There will probably be 1,500 pins per board. The boards will probably be about 7" x 7", and the bigger one will be 16.5" x 8.5". He says he was told it was worth $3,500 three years ago. He was told it's rare and valuable. It was indicated to him it's worth its weight in gold.

Unless you want to disagree with the yield of 6 to 7 ounces, you'll have a tough time proving it's not as described. To prove the yield, you'll at least have to test a sample, and once you do, you've "damaged" the item and can't return it in the same condition in which it was received.

It's not the seller's fault the buyer overpaid, any more than the people who buy melted pins. If you're going to start dropping a couple grand at a time on precious metals, you'd better know what you're doing or you're going to take a beating.

Dave
 
That would be in the vintage of the boards them self. My last trip to Puyallup electronics/ Radio , Swap Meet South of Seattle, i picked up boards similar to these, they were of Amp make, wire wrap pin boards, these boards were
common then 1975 / 77 / 80 wire wrap prototyping boards, mostly used by the ones, or two at most for a circuit card / s, . the plating imo, is 30 micro inches. AU. and has a tops value of 2 cents a pin. that would be 30 dollars just for the board pins, and some gold plating, on the board substrate itself, The numbering is of pin location, to aid wiring, "NOt to keep count of each pin as a value " cost " " wishful thinking here. it helps wire the board, a template , you have seen s100 boards. at Puyallup, the S100 Pin board, sell for about 3 t0 5 dollars, " i bought a box full, 15 boards, for 20 dollars, but i was lucky, on Ebay. the pins sell for 50 a thousand, clean pulled and ready to use. Myself, i value the board each at 50 dollars tops, " i would look for this type of item for 100 to 125 dollars, Now if your into Vintage, well then the boards, might be 100 each, " i have some i will sell you, if you feel left out " Gold recovery, Not worth taking apart something, that is useful to a builder, gold recoverable by cyanide strip? i would say, from experience, " yes i have stripped these " lots of work, about 2 grams tops, average 1.5 grams a board, 900 to 1,100 USD for the entire board LOT . GSP is quite rite on this. Cheers all Thomas in Vancouver.
 

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I agree Dave, we all want to buy cheap and sell high. Lets just hypothetically say that there is (we know there is not) 6-7 ounces of gold there. How would one justify paying just 2k for it? Good luck? Good deal? Find of the lifetime?

Once again, if we want to buy low and sell high unless we do not know exactly what we are doing, we will not achieve that goal.
There is no charity on ebay.
 
It all depends on which side of the deal you're on. We've had members who listed items on FeePay and sold them for well over the gold value, but we don't criticize them. In fact, we tell people all the time to list items on eBay because someone will pay more for them than the value of the gold.

It's like watching a wildlife documentary about a cheetah hunting antelope. If it's about the antelope, we want to see it escape. If it's about cheetahs, we're hoping it gets its antelope so it can feed its cubs. :|

Some days you get the bear. Some days the bear gets you.

Dave
 
Moral of the story?

Watson, nobody here had any intention of coming across as presumptuous. The only intention was to get you to slow down a bit and avoid mistakes. All here want to see folks succeed and do well more than anything. Hell, I think they may even think that about me!

Grumpy? That can be debated! Especially if before coffee or after a days work. :mrgreen:
 
He knows good and well he's looking to take advantage of someone so with that in mind I wouldn't feel the least bit sad flipping the tables on him. He's purposely trying to mislead people in the hope's of proffiting from their loss. If he got scammed I would consider it justice. You can say what you want but that ad is misleading 10 ways to Sunday. It's like selling a lemon car to me. If he wasn't trying to mislead he wouldn't have went to that much trouble and the flipside to that argument is he either misleading or just plain stupid or a straight out liar.
 
You guy are all mostly right, and i do have a lot to learn. I am a fast learner for the most part, but I think I have bitten off more than I can chew with all this. I am fortunate to have had enough success in my other businesses to bankroll this hobby, but adding up what I have spent on chemicals, glassware and lab equipment, smelting furnaces and safety equipment, not to mention materials to process,I have spent over 13,000 dollars with nothing to show for it but some tough lessons in failure that I'm generally not used to. I have been studiously reading Hoke's book, and am working on a homemade vent hood so perhaps I will give everything else a rest, but no guarantees, lol. :lol: :lol:
 

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