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Colorado Prospector - Gem and mineral prospecting and mining forums _ Prospectors and Rockhounding Field Work _ Black Hills gold nugget unveiled

Posted by: ScottKS Sep 20 2010, 08:21 PM

http://www.kotatv.com/Global/story.asp?S=13169159&sms_ss

One thing i would like to know is how in the hec do they think a 5oz nugget will bring $100,000....that's $20,000 a oz...this nugget is mostly quartz...you might be able to get like $2,000 a oz out of it but not even close to $20,000 per oz.

I posted this on that site to see what kinda responce i would get

Posted by: Coalbunny Sep 27 2010, 06:14 AM

Well, not counting the impurities, the metal value MIGHT be around $6,835.
I think for a serious collector, I doubt he'd net more than $20,000, $50,000 tops.

Posted by: ScottKS Sep 27 2010, 09:47 AM

Well that might be close...reason i was saying more like $10,000 is because it's a specimen and is in the record books for that area...anyways if he does sell it to someone for that much and they are dumb enough to buy it..i want the name of that person..lol so i can sell my gold to him...i would sell all of my free gold if that person would give me like $500 for them...lmao hehehe ;)

Here is a cool lil ryme i just made up for specimen gold
"If the gold you have is a gold specimen piece then the price will increase" from spot price anyways

Posted by: Persistence Oct 6 2010, 09:16 PM

I'd bet he could get close to 80K for it. It's all in the novelty of the find. Sort of like real estate, dirt is dirt, but location is key.

Posted by: Coalbunny Oct 11 2010, 05:45 AM

Good point.

If there are people that will spend $1.5 million smackers an a lear jet just so they can have one of each model from a manufacturer (yes, people like that are out there), then no reason they won't do the same for a Black Hills nugget.

Posted by: gold_tutor Dec 17 2010, 07:53 PM

That's an exciting gold nugget. Congrats to the finder.

Viewing this picture is is about as close as I'll ever get to the Dakota's since I left Kansas 24 years ago.

Merry Christmas and a Blessed New 2011, everyone!

G_T