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Help with the Gold a..b..c's!

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TheJonasCollegeFund
Penny Collector Member

USA
381 Posts

Posted - 07/15/2010 : 15:50:27

Anyone wish to throw out some gold abc's while out hunting. Lots of garage sales going on and I don't want to get burned. I got my loupe and a gram scale. My trusty magnet is never far me either. Was wondering on basics. Just ballpark numbers. Grades (10k-14k-24k..etc) and weights and pricing. Also, foriegn hallmarks? Anything I forgot.....don't be shy! Thanks for the info. I know others here would be interested.

MD Totals: Started Aug16th.(Updated Sept10th) 819 clad/cu coins/$41.13
Quarters-78
Dimes-122+1 silver roosie (1957)
Nickels-81 (56d,53d)
Copper Pennies-147
Zinc Pennies-386
Wheats-5 (36,36,46,46d,50d)

hobo finds
Penny Hoarding Member

838 Posts

Posted - 07/15/2010 : 15:52:33

You must be logged in to see this link.

TheJonasCollegeFund
Penny Collector Member

USA
381 Posts

Posted - 07/15/2010 : 15:58:52

Nice chart...going to take time to figure how to use it in the field.

Kurr
1000+ Penny Miser Member

2906 Posts

Posted - 07/15/2010 : 16:03:27

A fellow named Noxx made it from Goldrefiningforum.com. I use it, and like it alot. I don't want to take credit for others work.

The silver [is] mine, and the gold [is] mine, saith the LORD of hosts. Hag 2:8 [/b]
He created it. He controls it. He gave it to us for His use. Why did we turn from sound scriptural currency that PROTECTS us?

KJV Bible w/ Strong's Concordance: http://www.blueletterbible.org/
The book of The Hundreds: http://www.land.netonecom.net/tlp/ref/boh/bookOfTheHundreds_v4.1.pdf
The Two Republics: http://www.whitehorsemedia.com/docs/THE_TWO_REPUBLICS.pdf
Good reading: http://ecclesia.org/truth/government.html

A number of people are educated beyond, sometimes way beyond, their intelligence. - Tenbears

TheJonasCollegeFund
Penny Collector Member

USA
381 Posts

Posted - 07/15/2010 : 16:07:23

How to use it? Looks cool.

Kurr
1000+ Penny Miser Member

2906 Posts

Posted - 07/15/2010 : 16:25:45

enter the current spot price at the top under "Price here" then enter what % of spot you are willing to pay under " Buy at X% Spot".

Then under "Lot weight" column put the amount of each karat for how ever much of each there is. You see it goes from 24k down to 6k. Then click somewhere on screen or click recalculate button at the bottom.

Verbane
Penny Sorter Member

USA
42 Posts

Posted - 07/15/2010 : 20:21:27

DISCLAIMER: THIS ONLY WORKS WITH GOLD AT $800+ PER OZt!!!! I am not suggesting you purchase at the actual calculation. This is a quick calculation to use on the run.

For a quick calculation, to guarantee your buying under spot with a good profit:

1. Determine the Karats.
2. Weigh the piece. (take into account weight of gems)
3. Multiply Karats x grams of Au. (This is the max I would pay for a gold item at a yard sale/bargain shop.)
As an example:
This past weekend one of the items I bought was a 2 gram 14K ring. Based on my formula I could pay 2gx14K=$28.00. With gold at $1200+ it would melt at better than $45.00. I paid $3.00 for it, but I know I would still make a profit if I had paid $28.00.

This is by no means accurate for actual value. Considering I am already pulling out a loupe and a gram scale, I don't want to pull out a calculator also. The quicker you get the transaction done the better price you get.

"If everyone is thinking alike, no one is thinking" General George S. Patton

Edited by - Verbane on 07/15/2010 20:36:05

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