How To Buy Gold Nuggets?

How to Buy Gold Nuggets

If you do not have a lot of experience in buying natural gold nuggets then you should find the following information helpful. Be careful though. Once you hold a substantial sized nugget in your hand, you are highly susceptible to catching "gold fever". The symptoms of gold fever are clear, you want more gold.

In this article I will address the issue of how to safely buy gold nuggets and get a fair deal. If you would like additional information on the various types of gold nuggets available, just click on the previous highlighted words and you will find another article about that.

First of all, make sure that you understand the weight measurements used to weigh gold. Natural gold nuggets are generally sold by weight. I say generally because very rare gold crystals will command such a high premium over spot or live gold prices that the weight is not really relevant to the pricing. However, even if you are buying something so rare or unique that the weight is irrelevant, you should never buy a gold nugget or specimen that does not clearly list the weight in grains, grams, or troy ounces (ozt).

Gold nuggets are measured using the troy and metric systems. The following weights are most relevant. "Penny weight" is sometimes also used, but this can be confusing so there is really no reason to use it.

  • 1 Troy Ounce = 31.1 Grams
  • 1 Gram = 15.4 Grains
  • 1 Troy Ounce = 480 Grains
  • 1 Troy Pound = 12 Troy Ounces
  • Like anything else, gold nuggets come in different qualities. Many natural gold nuggets are simply small rounded chunks of gold without any real unique shape or character, often with quartz or other host rock attached or included, or with heavy mineralization and mineral stains. This is a melt grade or common grade gold nugget and is not worth much more than it's melt value, and you would expect to pay close to spot gold prices for this type of nugget. If you are buying gold simply for it's melt value there are a lot of sellers who sell melt grade or common grade gold nuggets, but you will miss the collectible and investment value of the high quality gold nuggets that you will find on our website.

    At the very top end of the quality scale you have "jewelry/investment grade gold nuggets", both small and large, which command a much higher premium over spot gold prices. Jewelry/investment grade nuggets have been hand selected and are often flat and thin (preferred by many jewelers) and clean and brite without any significant quartz or host rock or mineral staining. They are also pleasantly shaped with good character. Every item on our website is a "hand selected jewelry/investment grade gold nugget", unless otherwise stated to be collectible grade. We do not sell melt grade or common grade gold nuggets. Jewelers use small jewelry grade gold nuggets for inlaying onto rings, necklaces, watch bands, etc, and they use larger jewelry/investment grade gold nuggets to make pendants or necklaces by soldering a gold bail onto the nugget and hanging it on a gold chain. Jewelry/investment grade nuggets are preferred by investors as they are in high demand from jewelers and collectors and therefore easier to resell at a premium.

    Next we have collectors nuggets, which include the jewelry and investment grade nuggets mentioned previously, in addition to very rare or unique gold nuggets, gold nuggets in quartz, gold crystal nuggets, and crystalline gold nuggets. A complete collection will include something from each of these categories, and you will find a wonderful collection of hand selected jewelry and investment grade nuggets on our website. You will also find gold coins, platinum nuggets, platinum crystals, and silver bullion coins.

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