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Alaskan purchase

slimiesslimies Posts: 1,132 ✭✭✭✭✭
in Precious Metals

not sure if this is the right forum section for it , but picked this up in alaska ,, its a small 22k gold nugget .. i know they go by grams for gold .. but am unsure of the measurement used on the form ..



Comments

  • slimiesslimies Posts: 1,132 ✭✭✭✭✭

    using a coolpix.. hoping to get a better camera soon but ill try to get a clearer photo of the nugget if wish

  • slimiesslimies Posts: 1,132 ✭✭✭✭✭

  • TomBTomB Posts: 21,222 ✭✭✭✭✭

    It states on your certificate under the handwritten notation for nugget size the conversion for the measurement, but they don't write it out in the most intuitive manner-

    "1 Troy Ounce = 20 pennyweights (DWT) or 31.5 grams"

    So, 1 DWT is about 1.56 grams and therefore 0.1 DWT is about 0.156 grams. At 22 k the nugget is about 91.67% gold by weight, which would yield around (0.156 grams)*(0.9167)=0.143 grams pure gold. At $1,835 per troy ounce gold the nugget has about $8.33 worth of gold in it.

    Thomas Bush Numismatics & Numismatic Photography

    In honor of the memory of Cpl. Michael E. Thompson

    image
  • PerryHallPerryHall Posts: 46,132 ✭✭✭✭✭

    Actually there are 31.1034 grams in a Troy ounce.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • thisistheshowthisistheshow Posts: 9,386 ✭✭✭✭✭

    interesting bullion item.

    Thanks for sharing!

  • rte592rte592 Posts: 1,668 ✭✭✭✭✭
    edited September 6, 2021 2:26PM

    @PerryHall said:
    Actually there are 31.1034 grams in a Troy ounce.

    Perry when your buying the .0034 in weight is for profit taking. :)
    If I run across someone weighing in dwt, I just assume that the number is 1.5x in grams.
    again the rest of the weight is for profit taking :)

  • rte592rte592 Posts: 1,668 ✭✭✭✭✭

    @slimies said:

    Interesting looking piece.
    Almost looks like army men (or marines) climbing up from a trench.
    That or horse racing jockeys.
    Think helmets on 3 guys.

  • PerryHallPerryHall Posts: 46,132 ✭✭✭✭✭

    @rte592 said:

    @PerryHall said:
    Actually there are 31.1034 grams in a Troy ounce.

    Perry when your buying the .0034 in weight is for profit taking. :)
    If I run across someone weighing in dwt, I just assume that the number is 1.5x in grams.
    again the rest of the weight is for profit taking :)

    The card with the nugget states that one Troy ounce is 31.5 grams. It's actually 31.1 grams. If you are talking about a lot of gold that 0.4 grams adds up.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • slimiesslimies Posts: 1,132 ✭✭✭✭✭

    @thisistheshow said:
    interesting bullion item.

    Thanks for sharing!

    glad you like the peice

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    Nice little nugget..... always a thrill when one shows up while gold panning. Much better than the usual gold dust. Cheers, RickO

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