Old Taiwanese gold bar value?

stealer

I was wondering if an old style Taiwanese gold bar has any more worth than it's melt. It has 1.000 in a Taiwanese measuring scale stamped on the front but it weighs more than 1 oz, if I remember correctly it's closer to 1.6 oz. It's passed down from my grandfather and I'll get pictures if needed next time I go to the SDB

CaptHenway

<< <i>I was wondering if an old style Taiwanese gold bar has any more worth than it's melt. It has 1.000 in a Taiwanese measuring scale stamped on the front but it weighs more than 1 oz, if I remember correctly it's closer to 1.6 oz. It's passed down from my grandfather and I'll get pictures if needed next time I go to the SDB >>



The "1.0000" is probably the fineness.
Might be a 50 gram bar, which would be very close to 1.6 tr. oz.
FWIW, when we brokered that large gold bar collection a year ago we ended up melting most of the oriental bars, because we could not find anybody willing to pay over melt for them.
TD

stealer

<< <i>

<< <i>I was wondering if an old style Taiwanese gold bar has any more worth than it's melt. It has 1.000 in a Taiwanese measuring scale stamped on the front but it weighs more than 1 oz, if I remember correctly it's closer to 1.6 oz. It's passed down from my grandfather and I'll get pictures if needed next time I go to the SDB >>



The "1.0000" is probably the fineness.
Might be a 50 gram bar, which would be very close to 1.6 tr. oz.
FWIW, when we brokered that large gold bar collection a year ago we ended up melting most of the oriental bars, because we could not find anybody willing to pay over melt for them.
TD >>



No, my grandfather said something about it being one "tailiang" which is close to one "liang" which is the Chinese measurement.

Maybe I'll post a photo for the heck of it,

Thanks Capt

Weiss

<< <i>

No, my grandfather said something about it being one "tailiang" which is close to one "liang" which is the Chinese measurement.

Maybe I'll post a photo for the heck of it,

Thanks Capt >>



Tailang might have been "Tael"? That's another indo-asian weight used in bullion. In the PRC, a tael = 50 grams.

http://en.wikipedia.org/wiki/Tael

PerryHall

I'm not sure that I would trust any Chinese silver or gold bars considering all the counterfeits that have been coming out of China these days.

Weiss

Absolutely. I wouldn't buy one no matter how cool it was. But if I had one and was trying to determine its value, etc.

stealer

Thanks guys, I'll snap some pictures when I get it and possibly bring it to a jewelers to get it tested.

It was passed down to my brother and me along with some 24kt gold jewelry. I'm pretty sure the jewelry is real gold since it's malleable and I accidentally bent one.

I believe it was bought sometime in the 50's or possibly earlier.

CaptHenway

It's stuff like this that makes an old-fashioned Ohaus triple-beam balance you can do a specific gravity on invaluable.
TD