Large Gold Nugget Sells at Auction in March 2011
The nugget found in 2010 in Nevada County that has been reported on the news, in the newspapers, on-line and in the All That Glitters Monthly News as well as our Blog, has been sold. The nugget sold for $460,000 in mid-March 2011.
The actual gold content was somewhere about $170,000 (depending on the price of gold and this figure is based on approx $1400 per troy ounce). Fine mineral specimens, whether gold or crystals, typically sell well above the price of gold or gemstone content, due to rarity and beauty. Unfortunately, many fine specimens are melted or faceted, thus saving fine specimens can actually increase the final selling price.
You can read more on the following link:
http://www.usgoldbureau.com/news/565-washington-nugget-sells-460000
Should the above link be broken, use a search engine with key words of:
gold nugget $460,000
The nugget was sold to an East Coast client and was discovered in Nevada County, only about 40 minutes away from the All That Glitters winter office. (Can you think of any mineral/gemstone collectors from back east who would have an interest in a unique/rare specimen of California Gold Country, living in one hour proximity of where the nugget was auctioned????)
Note that All That Glitters has some fine small gold specimens from Australia, typically sold as 3 piece parcels and there is one large 1/2 ounce specimen! Though they sell for more than the current price of gold, it is nothing like the markup that one sees in the large nugget mentioned above! You can view our gold nuggets by searching the Misc Pages (1-5) found in our Photos Gallery Page: http://www.atggems.com/Photo_Gallery.htm
The actual gold content was somewhere about $170,000 (depending on the price of gold and this figure is based on approx $1400 per troy ounce). Fine mineral specimens, whether gold or crystals, typically sell well above the price of gold or gemstone content, due to rarity and beauty. Unfortunately, many fine specimens are melted or faceted, thus saving fine specimens can actually increase the final selling price.
You can read more on the following link:
http://www.usgoldbureau.com/news/565-washington-nugget-sells-460000
Should the above link be broken, use a search engine with key words of:
gold nugget $460,000
The nugget was sold to an East Coast client and was discovered in Nevada County, only about 40 minutes away from the All That Glitters winter office. (Can you think of any mineral/gemstone collectors from back east who would have an interest in a unique/rare specimen of California Gold Country, living in one hour proximity of where the nugget was auctioned????)
Note that All That Glitters has some fine small gold specimens from Australia, typically sold as 3 piece parcels and there is one large 1/2 ounce specimen! Though they sell for more than the current price of gold, it is nothing like the markup that one sees in the large nugget mentioned above! You can view our gold nuggets by searching the Misc Pages (1-5) found in our Photos Gallery Page: http://www.atggems.com/Photo_Gallery.htm
posted by All That Glitters at 1:32 PM
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