How to Buy Gold Nuggets
Gold nuggets are a great investment and large quantities of gold nuggets can sometimes be bought at a low price and then sold for profit. Unlike gold bars and gold coins, there are additional factors that go into the value of the gold nugget that must be considered. Before buying a gold nugget, be aware that unscrupulous vendors will use a variety of tricks to try to get you to buy gold nuggets that have little value.
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Instructions
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Learn about the different gold nugget sizes. To avoid getting ripped off, buyers need to know how much value they get after a gold nugget purchase. In addition to the size, some nuggets have value that's difficult to determine because of flatness and density.
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Find a vendor who will be willing to meet you in person. Purchasing gold nuggets online can be risky, since vendors can alter the size of photos to make them appear larger than they really are. Be sure to look at the actual gold nuggets before buying them.
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Weigh the gold nuggets. The value of a gold nugget is not only determined by the size of the nugget but also by its weight.
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Look at the brightness and shine of the gold. Gold that is more bright and shiny will be worth more than gold that is dull. Learn about the origin of the gold nugget and the rarity as well. Be aware of dark colors in the gold nugget, since they could represent the presence of other minerals, such as copper.
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Take into consideration the uniqueness of the shape of the gold nugget. Some gold nuggets come in unique shapes that will increase their value.
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Tips & Warnings
Do not melt a gold nugget. Gold nuggets fetch greater value due to their nugget form.
Beware of sellers that list their gold in grains instead of in grams. Gold listed in grains has "gr" at the end of the amount number.
Do not chip off anything attached to the gold. Certain formations, such as quartz, can increase the rarity of the gold, therefore increasing its value. Also, many elements that normally are not worth much can actually increase the value of the gold nugget if they form around the nugget in such a way that it makes the nugget look more aesthetically pleasing.
