Gold nugget help and advice

[jazzman]

Hi,does anyone own or know anything about gold nuggets, my main questions would be is a gold nugget 24k, and are the ones on ebay real that sort of thing i thought they might be fun to own one or two like this one

http://www.ebay.co.uk/itm/Gold-nugget-1-3-gram-/251678995441?pt=UK_Coins_Bullion_Bars_SM&hash=item3a993cb3f1

[ArthGoch]

All mined gold contains impurities and/or additional metal  

 

Initial smelting ( as opposed to refining)  removes a large amount of these impurities/other metals and an XRF spectrum is able to perform an assay test to ascertain fineness

 

Raw gold usually has a fineness of  between 14 and 18 karat

[Keithoil]

There is no real way you can verify its authenticity except trust.

 

Unless you want to do the acid  or assay test but then it will be ruined, the other prohibitively expensive. If you did test it and it was a fake I am not you would be able to return it as it is not in "original condition". I could see both sides of the argument there.

 

You pays your money you takes your chance!!!!

[Shamatti]

Look for nuggets from Victoria in Australia, they have a good purity, and a lot get found my metal detector enthusiasts who sell on ebay. There is a good chance you will get a good deal, better than picking one up from a random seller. Worth the slight increase in postage cost in my opinion! Western Australia has a lot too, but my, admittedly limited understanding, is that the Bendigo area is the area to be looking at for good quality nuggets.

[jazzman]

Thanks for the replys, i am not sure if i will get one, it was just something i was thinking about when i came across them on ebay.

[Danny-boy]

I liked the look of these, but they are too uncertain for my liking.

I want something with a purity and weight stamped on it, and if that comes with a 5% premium then so be it.

If you are unsure about buying one, so will other buyers be when you come to sell it.

[jazzman]

I liked the look of these, but they are too uncertain for my liking.

I want something with a purity and weight stamped on it, and if that comes with a 5% premium then so be it.

If you are unsure about buying one, so will other buyers be when you come to sell it.

That is so true Danny, i never thought about it that way, thanks for helping me put that one to bed.