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Nickelless
Administrator
USA
5580 Posts |
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NotABigDeal
1000+ Penny Miser Member
USA
3890 Posts |
Posted - 04/26/2008 : 14:08:23
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I say no on the gold filled. Buy fractional coins if your budget allows.
Deal |
Live free or die.
Plain and simple.
"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your council or your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen."
- Samuel Adams |
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moboman
1000+ Penny Miser Member
USA
2555 Posts |
Posted - 04/26/2008 : 22:37:22
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I used to think that gold coins were better, but then I thought that if TSHTF, then a lady might trade more for the jewelry than the gold value.
The lady might trade a bag and a half for a gold bracelet that weighs 1 oz, or she might trade 1 bag for a 1 oz coin.
Maybe this wouldnt be the case, I dont know. |
"99% of all lawyers give the rest of them a bad name" 
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Nickelless
Administrator
USA
5580 Posts |
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Saul Mine
Penny Collector Member
USA
343 Posts |
Posted - 04/27/2008 : 08:50:33
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| "Gold filled" means they bond a layer of karat gold to a layer of base metal, usually 1/20 by weight, sometimes 1/10. The jewelry is then formed from that and stamped "1/20 12KGF" Be very suspicious of 12K gold because it is almost always filled. A gram of scrap has 1/20 gram of karat gold which at 12K would be 50% (12/24). So 1 gram X 1/20 X 12/24 = .025 gram pure gold. At $30/gram ($930/oz) that would be worth 75 cents, minus refining fees. My refiner pays a flat rate of $30/lb for filled scrap, which is generous of them. |
A penny sorted is a penny earned!
Please use tinyurl.com to post links. Long links make posts hard to read. |
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eBay auctions for gold-filled items
Forum Locked
Posted - 04/26/2008 : 04:06:56
