Melting Down Gold Nuggets

I agree with what s been said about not melting nuggets but fine gold flakes are usually not worth more than spot.

Melting down gold nuggets. Would anyone be able to point me in the direction of someone that can help cheers richard sounds cool but as nuggets aren t usually 100 gold if you want to make a profit at any stage on this you d do better selling the nuggets. The gold is mixed with other metals. Submerge the unrefined gold in a mixture of nitric and hydrochloric acids. Dry this residue until only gold powder remains.

Other karats of gold such as 14k or 18k are not 100 gold. In fact most gold buyers only pay around 75 of spot for small flakes. Bigger nuggets are harder to find and can fetch more than. That s because the process is problematic if the piece is less than 24k gold.

As per the title i m wanting to melt down a little over 1oz of gold nuggets to make into a coin round. The remaining substances will be just water and gold the latter having a purity level of more than 99 99 percent. Today refined gold trades at about 445 per ounce near a 15 year high. Each of those metals have a different melting point and behave differently which makes for unpredictable results.

Even the smaller gold nuggets sell for about 560 per ounce.