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Author Topic: Got assay back on gold sale.  (Read 3998 times)

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Offline overtheedge

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Got assay back on gold sale.
« on: December 20, 2012, 12:56:33 PM »
Got an email back from Doral on the assay of gold I sold.
The percentage of gold is 82.3 with 17.3% silver. Roughly 20 carat.
Even sent in the crown and fillings from the teeth I no longer have.

Gonna have a profitable holiday season after all even though gold spot was $1660. S'pose I can't complain. When I first got into this, gold was $35/ozt.
eric

Offline ebuyc

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Re: Got assay back on gold sale.
« Reply #1 on: December 20, 2012, 01:00:54 PM »
Got an email back from Doral on the assay of gold I sold.
The percentage of gold is 82.3 with 17.3% silver. Roughly 20 carat.
Even sent in the crown and fillings from the teeth I no longer have.

Gonna have a profitable holiday season after all even though gold spot was $1660. S'pose I can't complain. When I first got into this, gold was $35/ozt.
eric

Wow cool - nice to know. That was for fine float gold right?
I have some material I want to get assayed for Platinum content, how much do you have to send in and how much did it cost for the assay?

35/oz crazy - I remember when it was 300/oz but didn't get serious/the fever until it tripled that.


Did someone say       

Offline overtheedge

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Re: Got assay back on gold sale.
« Reply #2 on: December 20, 2012, 02:06:45 PM »
Yep, that was the fly spec stuff.

I don't know what the assay cost was. I'll probably find out once the receipt and check arrives.

You could ask: Doral Refining Corporation - Assaying and Refining Gold, Silver, Platinum, Palladium

I know that they accept small lots (1 ounce or so) and will convert sales of raw to minted coins and bullion rounds.
----------------------
I really don't like to sell, but a fella has gotta keep in beans. One thing I try to do is convert part of a sale to standard PM products. I prefer private sales, but sometimes the buyers just ain't around.

Oh, reread the assay/sale and spot was $1650.50/ozt. After staying up part the night to feed the wood stove, I was a bit rummy before flooding my system with coffee. Why stay up? T'were -37°F last night.

Gotta admit that buying 1/10 oz Krugerands at $176.60USD is a refreshing break from $200+. Looks like the European's drove the price down with their supposed bail-outs/fix/everything is fine in Mudville machinations.

I try to measure my savings for old age in weight, not dollars. Emphasis "try". But I've gotten right fond of eating regular-like.
eric

Offline Former Guest

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Re: Got assay back on gold sale.
« Reply #3 on: December 20, 2012, 02:29:47 PM »
nice to know gold in the nsr is 16 to 18 carats aqnd everyone who buys here knows that and will try to cheet you out of some because of that reason got to watch who you sell to. I like private sales its alot better my 2 cents worth cheers Ray

Offline JOE S (INDY)

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Re: Got assay back on gold sale.
« Reply #4 on: December 20, 2012, 02:33:20 PM »
Hey Eric,

 {cool^sign} <-yahoo_> {cool^sign} <-yahoo_>

I'm glad it worked out well (I felt it would).

Last winter there was no "assay" fee for the 3 dore' bars but there was (of course) a processing fee as a % of gross.  With a dore' bar all metals are shown as % of dore' bar weight. 

Here is "the rest of the story" from the AGF just for smiles and giggles:

Alaska Gold Forum :: Alaska Prospecting Forum :: Refiner's Stories - The Good and the Bad 'n Ugly

Joe
Wiser Mining Through Endless Personal Mistakes

Offline overtheedge

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Re: Got assay back on gold sale.
« Reply #5 on: December 20, 2012, 02:52:49 PM »
Well, had to haul in a few armloads of wood and the chainsaw to thaw out but afterward did the math.

My return for loose placer (not doré) was 90.5% of spot figured at .823 Au and .173 Ag fineness. The remaining .004 musta been crud I failed to clean out or (hopefully) Cu. This copper possibility being based on my close proximity to the Nicolai greenstone/Chitistone limestone contact zone. Whew, that is a mouthful to say 3 times real fast.

Thanks Joe for telling me about Doral.
eric

Offline JOE S (INDY)

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Re: Got assay back on gold sale.
« Reply #6 on: December 20, 2012, 06:21:40 PM »
In order to give an accurate assay they must have melted the shipment down to form a dore' bar first.  From there they could determine the content and the weight to go with the day's spot and come up with a $ amount.

Joe
Wiser Mining Through Endless Personal Mistakes

Offline sunshine

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Re: Got assay back on gold sale.
« Reply #7 on: December 20, 2012, 10:49:43 PM »
It is easier to sell placer gold locally in western Canada than in Ontario.  Here you can take it to some jewellers who will hand it to a "scrap man" who pops by once a week.  It gets melted into a button and tested.  My fine gold from the Cariboo was in the high 80's and the nuggets were in the mid 70's.  The deal offered me was 75% of spot.  I could take the money or have the buttons returned to me.
See my YouTube channel for fun amateur video:
https://www.youtube.com/channel/UCnz8kX6AZOeZbRt0F9XqVJA

 


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