selling my gold for around 95% spot

tonznz

Full Member
Joined
Mar 30, 2013
Messages
216
Location
Dunedin, New Zealand
Hi all,

I went to a friends place and he melted down gold and silver I had into one bar.

It was fun watching the process as rings and stuff turned to a glowing blob of metal in a crucible.

Then he took the bar to an industrial firm he was friendly with and they x rayed it and gave him the metallic composition in percentages.

Then he processed all the gold out and silver out and paid me out for the gold at around 95% spot price.

He took out a processing cost first which was very reasonable.

My wife makes silver jewellery so he paid me out for the silver with 20 grams or so of sterling silver wire in the grade she wanted.

I was very happy.




gold blob and dirty looking silver blob processed from the bar. I was very disappointed I missed him processing the gold and silver out but I was called away to visit my sick mother and missed all the exciting technical stuff.


99.99% pure gold blob. Around 11 grams after processing cost taken out.

Got around US$415 for it.

Very happy.
 
That's a fine price!!

Cool way to turn it in!

Does the price match the "before melt" price?

<°)))>{
 
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