769 Gram (25 OzT) Gold Nugget w/ Gold Coin Photos -- Gold Nugget Rarity Chart & Background Info

Stuart · October 9, 2004 2:32AM

I am pleased to share the first digital photos of my Gold Nugget which I purchased this several years ago while in Perth Australia, back when gold was selling for under $300 per ounce.

According to the Perth Mint (largest seller of gold nuggets in the world) gold nuggets this size are rare with fewer than 20,000 estimated to exist worldwide (rare for gold nuggets). I actually purchased this one from the display window of a jewelry store on Hay Street.

I have added a few gold coins for scale to keep it barely on topic...

Baley · October 9, 2004 2:34AM

Big big nugget! 25 oz!

BigE · October 9, 2004 2:43AM

I love the color of that rock! Definitely NT

---------BigE

mgoodm3 · October 9, 2004 3:11AM

Get out a hammer and shape it into something... I don't know.... make it look like Ted Kennedy or something.

saintguru · October 9, 2004 3:19AM

You could form it into a Herman Munster face and call it John Kerry!

Stuart · October 9, 2004 3:35AM

Jay: That would be a nice way to commemorate our new President's Inauguration!!

...But, I'd rather keep it in its natural form.

ccr · October 9, 2004 3:45AM

That`s one big nugget!

If you`re ever in Las Vegas, go to the casino " Golden Nugget " on Fremont Street ( across the street from Binnions Horseshoe ). They have a nugget that`s the largest nugget privately owned weighting in at 26+ Troy Pounds! It was found in all places in somebodys backyard about a foot in the ground in Australia. It`s off the main casino in a labyrinth of halls.

darktone · October 9, 2004 3:57AM

That $10 lib sure looks nice.

Stuart · October 9, 2004 5:28AM

Guys: Thanks for the comments on my Gold Nugget. It's a beautiful thing to behold and to examine in person.

fountainheadgold · October 9, 2004 5:43AM

Stuart, that nugget is au58, i see a couple of rubs

Very cool nugget

Stuart · October 9, 2004 6:28AM

Fountainheadgold: You have a sharp eye, but gold nuggets are graded differently than gold coins!!

It does have a bit of rub, but is actually quite angular for a gold nugget.

I think that it originally came from one of the Australian Gold Fields, from a dry desert environment, which is why is is more angular and not water worn & rounded.

Stuart · October 10, 2004 1:39AM

<< That $10 lib sure looks nice. >>

Mike: Thanks for your comment on the 1897 $10 Liberty imaged earlier in this thread. Here is a close-up of the obverse of both the 1883-S $20 Lib and the 1897 $10 Lib for your viewing pleasure...

66Tbird · October 10, 2004 1:46AM

<< <i>gold nuggets are graded differently than gold coins!! >>

would you happen to have a link to that info.

Stuart · October 10, 2004 1:58AM

66TBird: Here are 3 interesting links to the Perth Mint, Australia web site which contains a lot of fascinating information about Gold Nuggets for mineral collectors and potential purchasers of them.

The third link has many drop-down selectable menus with additional background info for those who want to drill deeper into this...

Gold Nugget Rarity - The Perth Mint, Australia

Gold Nugget Rarity Chart

Australian Gold Nuggets Overview Info

66Tbird · October 10, 2004 2:43AM

Thank you,

I guess it time to see what good stuff grandpa left me. Most is .5 -1.5 oz AZ gold with a hand full of Alaska stuff. Lots of clean placer(?sp) for jewelery.

darktone · October 10, 2004 3:14AM

Thanks Stuart! those are both very nice looking coins. mike

icollect · October 10, 2004 3:51AM

em....

it's a AG.

Stuart · October 10, 2004 5:00AM

icollect: It's actually AU (for Aurum), vs. AG (for Argentum)..

Russ · October 10, 2004 5:20AM

Lucy tells me that women like men with large nuggets.

Russ, NCNE

Stuart · October 10, 2004 7:16AM

<< Lucy tells me that women like men with large nuggets >>

Russ: I bet she likes them even more when they have large golden nuggets !!

Shamika · October 12, 2004 1:10AM

I wish my nuggets were that big.

GoldCoinLover · October 12, 2004 7:29AM

<< <i>I am pleased to share the first digital photos of my Gold Nugget which I purchased this several years ago while in Perth Australia, back when gold was selling for under $300 per ounce.

According to the Perth Mint (largest seller of gold nuggets in the world) gold nuggets this size are rare with fewer than 20,000 estimated to exist worldwide (rare for gold nuggets). I actually purchased this one from the display window of a jewelry store on Hay Street.

I have added a few gold coins for scale to keep it barely on topic...

>>

Nice nugget! How exactly big is that nugget? Can it barely fit into your hand?

Looks like a giant meteor.

And I want to know how much it costs, :cringes at the thought:.

beep · June 5, 2006 1:42PM

Darn nice nugget Stuart

JDelage · June 6, 2006 12:56AM

Stuart - what is it's rarity / collector value beyond its gold content?

ABC123 · June 6, 2006 1:08AM

If, and/or when you should ever decide to sell such a Nugget, who would you take it to for an assay ?

19Lyds · June 6, 2006 1:23AM

Awesome nugget! Simply Awesome!

Stuart · June 6, 2006 4:45AM

I was pleasantly surprised to see this old thread back up to the top of the U.S. Coin Forum!!

<< Stuart - what is it's rarity / collector value beyond its gold content? >>

JDelage: In reply to your above question, according to the informative Perth Mint web site Perth Mint Gold Nugget Rarity, they estimate that there are approximately 20,000 gold nuggets in this size catagory and larger existent in the world. If so, that would make this a rather rare item, not even taking into account it's intrinsic gold bullion value.

GoldCoinLover: Market value for gold nuggets is typically 2x-3x the gold bullion value, but for large rare (museum piece type) gold nuggets the market is similar to that for some of the rarer coins -- whatever the buyer and seller agree upon.

<< How exactly big is that nugget? >>

The gold coins and the ruler were included in the photos for scale, to show you the exact size of the nugget.

JDelage · June 6, 2006 4:57AM

Wow... 2X - 3X the bullion value as a starting point is a big chunk of change.

kryptonitecomics · June 6, 2006 5:03AM

I lost the original point of this thread but I am suddenly feeling very inadequate about my nugget size

Nice chunk of gold Stuart....very cool!!!

HTubbs · June 6, 2006 5:50AM

Nice rock Stuart! You planning on selling if gold ever goes above $1k?

Hayden

Stuart · June 6, 2006 6:21AM

<< Nice rock Stuart! You planning on selling if gold ever goes above $1k? >.

Hayden: I have always enjoyed collecting pretty rocks and minerals, like this one which I consider to be my favorite "Pet Rock".

HTubbs · June 6, 2006 7:11AM

<< <i><< Nice rock Stuart! You planning on selling if gold ever goes above $1k? >.

Hayden: I have always enjoyed collecting pretty rocks and minerals, like this one which I consider to be my favorite "Pet Rock".

>>

Heh,I'd imagine. What's its name?

Stuart · June 6, 2006 7:28AM

Seeing this thread reappear, caused me to Google the following Gold Nugget Rarity Chart which states that Gold Nuggets of this size (25+ Troy Ounces) are even more rare than I had remembered, estimating that fewer than 700 exist.

Another interesting article entitled Rarity of Natural Gold Nuggets is also located on that same web site.

Stuart · March 16, 2008 10:53AM

With Gold now trading at $1021 an ounce, I thought that it might be a good time to dust off this thread of my Pet Rock that was originally posted in 2004.

Here 2 interesting links to a Gold Nugget Rarity Chart, and article for those who are interested in learning more abou their ralative scarcity in nature.

Gold Nugget Rarity Chart
Rarity of Gold Nuggets - Article

ARCO · March 16, 2008 11:16AM

Not as big as yours (mine is merely an 18.54 Gram nugget). It is still beautiful to look at though. I bought mine when gold was in the high $500.00s.

Tyler

Stuart · March 16, 2008 12:15PM

ARCO: That's a beautiful gold nugget!!

Thanks for sharing it with us.

769 Gram (25 OzT) Gold Nugget w/ Gold Coin Photos -- Gold Nugget Rarity Chart & Background Info

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769 Gram (25 OzT) Gold Nugget w/ Gold Coin Photos -- Gold Nugget Rarity Chart &amp; Background Info

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769 Gram (25 OzT) Gold Nugget w/ Gold Coin Photos -- Gold Nugget Rarity Chart & Background Info