Forgive me. I am abysmally ignorant about this.
I need to know how much to pay for a small bit of gold.
I'm asking for a piece, a cylinder .1875" diameter x .1875" long. Karat
weight is negotiable: 18 karat, 24 karat. Doesn't matter. Price will
probably differ with each, and I understand that.
I can google the spot price of gold and calculate it out, but I have no
idea how much a piece of gold this size weighs. Archimedes wasn't my
best friend in high school.
Steel prices are bad enough, and titanium, whoo boy. But I am totally
lost when dealing with truly precious metals. Gold-mongers in my
experience are notoriously reticent with a little thing called honesty,
so I'd like to know what to expect as a reasonable price.
Little help here? Ed? Where are you when I need you?
If you mean *this* Ed, I'm not knowledgeable about buying gold. You want
Harold Vardos. I haven't seen him for a while; maybe someone has his e-mail
I'm working on a deadline right now, or I'd try to help more, but I can help
you with the weight. First, gold is usually weighed in troy ounces, which
equal approximately 31.10 grams (480 grains). The avoirdupois ounces we use
for everything else equal 28.35 grams.
The density of gold is 19.3 grams/cc. One cubic inch equals 16.387064 cc.
From those equivalents, you can figure out the weight of gold you need, in
troy ounces, avoirdupois ounces, or grams. If I wasn't busy I'd do the
BTW, my guess is that you'll have to swage that shape yourself, from a piece
of gold wire or whatever. That shouldn't be hard to do but you'll need a
block of steel with a .1875 in. hole in it and a piece of steel rod of the
same diameter -- and a hammer.
Good luck. I'll get back to this thread when I can and see what remains to
If your looking at a solid piece that size your looking at about 23
bucks worth of gold for 10K and about 50 for 24K. BUT if this is
something that you need NOW you will likely end up making it yourself.
That isn't a common size in wire gold. or in bar stock.
Your best option would really be to buy a large mens ring or two from a
pawn shop or even a Wal~Mart. Then make a over-sized mold and pour it
yourself. Then turn to fit. That would be easier and MUCH cheaper than
special ordering it.
~Well, you need o know a working gold smith. He will have an account
with his metal supplier and can get a price for a piece of wire usually
a couple of inches long.
its just gone 6am here in the Uk and my gold supplier opens at 8.
My UK phone calls are free so ill have a price for you shortly.
the minimum length will be 1 inch in 18 ct. It will be the nearest size
bigger than your spec. Also the spot price for gold is only the
starting point for pricing. and thats in kilo bars and up in weight.
On top is always the manufacturing cost, thecheapest is casting grain
the most expensive is drawn seamless tube.
Fine gold will be too soft to turn even if you have a watchmakers lathe.
Your sure to have Cookson metals in the USA somewhere, and an email to
them will get a prompt reply.
will write again soon.
in the UK..
After looking at your knives I think you should make friends with a
goldsmith. A goldsmith that likes knives could become a very good
friend. What you need could be made out of scrap. Why that much
precision? What kind of timeline?
Cookson in Birmingham UK quoted just now,4mm dia by 25mm long weight
in 18ct yellow
cost without postage and VAT £104.15.
You do your own exchange rate calculation and reduction to .2in piece
hope this helps
I built a 16' trailer with a 5hp 2" pump that operated a 10' sluice. I
mined placer deposits with it along with a partner for five years. I know a
little about gold.
Gold is the easiest hustle in the world. All one has to do is flash some
gold, and everyone wants to invest. The problem is that gold comes in all
purities. The government type is .999 pure, and that is from refinement.
It does down from there. Testing for gold purity is a scientific art that
is very technical and involves specialized equipment, but that equipment is
reasonably priced. It involves a touchstone, various gold needles of
various % of gold, and some solutions, mainly acid. Read up on it.
A lot of gold that comes in placer deposits ( visible chunks like the
nuggets you see in a stream) can be formed into solid shapes, but the
impurities in it make it less valuable than pure gold. Placer runs around
70%. So, a one ounce placer nugget is only 70% gold. Pure gold is nearly
impossible to refine, that being 1,000 fine. Also called 24k. So a little
math will tell you 14k is 14/24ths gold. Chemical testing can give you a
Very fine scales are needed to weigh gold. A miscalculation can cost you,
or make it a real deal. Trouble is, you need to know the purity of the gold
for sure. Take no one's word for anything in today's world.
The short answer is that it is simple chemistry and math. If you can do
that, you will know how much of that blob is actually gold, compute the
weight for the spot price, and you have a guide. Also, be informed that
there are costs involved in buying and selling gold, there has to be for
people to make money on trading in it.
For me, what I am interested in is buying gold jewelry at reduced prices
from distressed sellers. That gold is relatively dependable in its karat
distinction, and a small scale and calculator will tell you the gold worth
of it. If you get into it bigtime, smelting it is no big deal to get purer
bars. Jewelry also has diamonds and precious stones in it, and often the
seller does not know the value of them if at all.
Google your ass off before you buy. Or after. The choice is yours. You
are dealing in a shady business that requires accuracy. There is also a
danger from people who buy, sell, or trade in gold unless you have a
fortress to do business in. Most transactions take place in less secure
places and are ripe for ripoffs and violence.
I have done that in the past when I needed gold to embellish a knife.
It becomes prohibitively expensive to buy ready-made jewelry. You're
not only paying for the gold, you're paying for the jeweler's time a a
I was hoping to contact a local amateur goldsmith on craigslist or
something who could sell me the gold at the going rate plus a
reasonable fee for his or her services. I've allowed $50-$100 for this,
while a man's gold band with the same amount of metal from a jeweler
runs upwards from $250 or so.
Unfortunately I live in a very small town with not too many craftsmen
like that, although I'm looking. The local jewelers are less than
helpful. They won't even talk to me unless I want to buy a bag of
Krugerrands or something.
This is just a thumb stud for a lady's folding knife. Tiny bit of gold
with an opal cabochon inset.
Thats why Jeweler wasn't listed. The local Wal~mart has mens 14K rings
for 60 bucks. An 18K ladies 18" necklace just cost me 73 bucks.
For a thumb stud I wouldn't go higher than 18K due to strength issues.
I'm glad to see that others stepped in first. It saved me some calculation.
Too bad, I sold a couple of thousand dollars worth of old gold when the
price peaked a few months back. It was my mother's old jewelry. I could have
sold you a piece at wholesale.
Which reminds me, there are a lot of jewelry shops buying gold. If there
isn't some reason they can't do this, I would think that they'd sell you a
piece fairly cheap. They aren't paying the commodity exchange rates, I can
Right. But they're buying from individual sellers at less than commodity
prices, and no doubt they're selling it at something at least slightly lower
than commodity prices, so they could charge a lot less than the retail price
for jewelry gold, which appears to be the commodity price plus a substantial
There's probably plenty of slack for them to make some money without
charging an arm and a leg.
The industry standard for fine gold is 9995. It does not go down from
there, but up.
That's fine for buying scrap, but worthless for establishing fineness of
refined gold. Fire assaying, along with various modern methods, establishes
the purety of gold, not a touch stone.
Yes, placer can run 70%, as well as 94%, 67% and everything in between.
There is no hard, fast rule in the fineness of gold found in nature. It has
been found nearly pure, by the way, running 999. Impurities in gold
typically are silver, then copper.
So, a one ounce placer nugget is only 70% gold. Pure gold is nearly
Not quite sure of your meaning here. It is possible to achieve very pure
gold, however at considerable expense. Zonal refining can yield quality in
the six nines range. The Canadian Government is marketing Mapleleafs that
are five nines. You pay a high premium for gold above 4 nines.
Purer bars are not accomplished by smelting. Smelting is the process of
removing metals from their ores.
Heat will not purify gold in and of itself. There are heat processes that
will elevate the fineness of gold, however. Cupelling is one of them.
The Miller chlorine process is another. Both of these methods are well
beyond the average person's ability, for they require specific equipment.
The Miller process also offers the risk of death.
Gold can be refined by various methods. It can be done electrolytically,
chemically, or by zonal heating.
The electrolytic process is typicallly applied to gold of high purity, to
remove trace elements.
Gold should never be melted in any kind of metallic vessel. Molten metals
are strong solvents of other metals, so the gold will be contaminated, often
rendering it useless as it loses its ductility, depending on the alloying
element. Lead, for example, destroys gold's qualities of ductility.
There's more than can be discussed here.
It would be easy enough to alloy pure agold to the desired karat, and pour
the required piece.