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Gold Prospecting
Gold localities & information
Selling gold - how, why, where
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<blockquote data-quote="user 4386" data-source="post: 643074" data-attributes="member: 4386"><p>I often wonder how many people actually sell the gold they find, other than as larger specimens (keeping the rest).</p><p></p><p>The reason I ask is that I see people throwing all their gold into single containers, regardless of where they get it. Given that native gold can vary from about 50% gold-silver alloy to 99.7% gold (the purest I have ever found, probably supergene), I don't see how a buyer could know what to pay if someone brought them one of these "mixed bags". Large pieces are easily analysed non-destructively. In Victoria gold is commomly around 92% gold unless supergene (then it is 97% or more) - but in the east of the state 75% is common. The goldfields gold buyers used to know the purity for the goldfields on which they were trading.</p><p></p><p>I just checked some figures for prices being paid for alluvial gold from some Victorian areas in the 1890s. Gold in central Victoria was fetching over 4 pounds per ounce in general, up to 4 pounds 7 shillings per ounce. In Omeo the range was 3 pounds 5 shillings to 3 pounds 12 shillings per ounce. So in some areas in the east alluvial miners were only getting 69% of the price per ounce that was typical of central Victoria.</p></blockquote><p></p>
[QUOTE="user 4386, post: 643074, member: 4386"] I often wonder how many people actually sell the gold they find, other than as larger specimens (keeping the rest). The reason I ask is that I see people throwing all their gold into single containers, regardless of where they get it. Given that native gold can vary from about 50% gold-silver alloy to 99.7% gold (the purest I have ever found, probably supergene), I don't see how a buyer could know what to pay if someone brought them one of these "mixed bags". Large pieces are easily analysed non-destructively. In Victoria gold is commomly around 92% gold unless supergene (then it is 97% or more) - but in the east of the state 75% is common. The goldfields gold buyers used to know the purity for the goldfields on which they were trading. I just checked some figures for prices being paid for alluvial gold from some Victorian areas in the 1890s. Gold in central Victoria was fetching over 4 pounds per ounce in general, up to 4 pounds 7 shillings per ounce. In Omeo the range was 3 pounds 5 shillings to 3 pounds 12 shillings per ounce. So in some areas in the east alluvial miners were only getting 69% of the price per ounce that was typical of central Victoria. [/QUOTE]
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Gold Prospecting
Gold localities & information
Selling gold - how, why, where
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