Placer gold -- best way to sell

[1000ee-monarch]

Hello everyone, new here....

I have 2 oz of placer gold I'm curious what the best way to sell it is.

Material has not been sorted there's everything from fine dust to 1/8" and bigger chunks. Looks pretty good color wise I'm thinking 80 to 90 % but would really be curious to know what the actual % is.

Called a few refiners and they don't want to deal with someone that's not a business.

Recommendations?

If I can sell it for a good price I can probably get my hands on a lot more next year.

 

[philddreamer]

Hi Monarch!

Could you post some pictures, please? In what part of the country are you?

Thanks!

Phil

 

[jimmydolittle]

Check out eBay, it seems gold nuggets are selling at about 125% spot market prices. Look for "natural gold neggets".

 

[1000ee-monarch]

The gold came from around Colfax in CA (Sierra Nevada mountains).

Here's some pics... boy this stuff is hard to take a photo of when in a vial.

 

[philddreamer]

Beautiful!

I go down to Colfax 3 or 4 time a year. Either @ Mineral Bar or Bear River campground.

Phil

 

[jimmydolittle]

That's mighty pritty!!!

 

[1000ee-monarch]

I hate the idea of melting it down.

However I'm really curious what the gold yield would be, and how much I could sell it for.

I bought it for 70% of spot and if I could turn around and make a little profit on it I'd buy a lot more.

 

[shaftsinkerawc]

70% of what spot? Au? Ag?
Do you know what the purity is? It may only be 70%Au and 30%Ag,Cu,Fe & others. It could be less without assay you don't know. If you know the creek it comes from then you can find the average purity for it if you can trust your source.
It looks like good jewelry gold but not many paying a premium for that right now.

 

[1000ee-monarch]

70% of Au spot.

I realise that worst case scenario I paid a little too much, best case I might make a 10 or 15% profit.

I trust the source I know exactly where it's coming from, however no one has assayed it yet. I guess that would be a start, send some out and see what's in it.

 

[philddreamer]

Looking @ the pic's, there's some grey pieces, these could be gold covered with mercury; or lead. I've been prospecting that area since 1986 & I've found the gold to be @ around 16k, but only refining it would reveal how much is gold out of the 2 oz.

Denise, manager @ Pioneer Mining, told me that 80% of spot is what most usually pay for placer gold, but I never found out the karat used for figuring the price. He passed away this last July & as I undersatnd, Pioner Mining closed.

Phil

 

[Smack]

Looking @ the pic's, there's some grey pieces, these could be gold covered with mercury; or lead.

Thought I was seeing quartz...

 

[1000ee-monarch]

The grey specks in the photos is quartz. There's not that much of it. There's also a few specks or two of black sand in it.

 

[MiguelRosas]

I only have 1 question...
Does your quarter say it's from the 1700's?

WOW!!

ps. Nice little purchase, hope its better than expected!!

 

[jimdoc]

I only have 1 question...
Does your quarter say it's from the 1700's?

WOW!!

ps. Nice little purchase, hope its better than expected!!

It is a bicentennial quarter 1776-1976. Washington quarters first started in 1932.

Jim

 

[MiguelRosas]

Jim -

:lol: Good thing I know a little about history and the USA timeline, otherwise that may have come across as a serious question. :lol:

BUT.... I will admit that I did do a double take, until it finally clicked :roll:

 

[jimdoc]

Jim -

:lol: Good thing I know a little about history and the USA timeline, otherwise that may have come across as a serious question. :lol:

BUT.... I will admit that I did do a double take, until it finally clicked :roll:

I figured since you are in the US that you were joking. I figured that a lot of the members in other countries may not have known. I collected coins for many years and had a very large collection and I never had a quarter from the 1700's. I think the oldest I had was from the 1820's.

Jim