Minelab Explorer Classroom Forum

(10k)(10k)

I READ IN A BEACH HUNTING BOOK HOW TO FIGURE OUT THE GOLD PRICE OF RINGS WE FIND. AND THAT IS......THIS RING WEIGHS 2.6dwt.......
GOLD PRICE $1830 SPOT X 2.6dwt DIVIDED BY 20 (20 penny weights in an ounce) X 10k (karot of ring) DIVIDED BY 24 (24 being solid gold) EQUALS THE GOLD PRICE OF THIS RING. $99.125. NOW I DON'T KNOW WHAT OR IF ALL PLATED RINGS ARE MADE FROM THE SAME BASE MATERIAL... BUT WAS WONDERING IF ANY ONE KNOWS IF THIS IS A TRUE WAY OR NOT... ANY THOUGHTS?? THANKS FOR READING.


10dwt 10k
$1830 X ------- x ------ = $99.125
20 24

try this site..... seems simple enought. http://www.silverrecyclers.com/Calculators/gold_calculator.aspx

Dew

wow that is easy. thanks Dew.

Heres another site that works for me: http://www.dendritics.com/scales/metal-calc.asp
Have a great day
Ron

thanks Ron. I like your site a little better.

Nice find. You also need to factor in what the buyer needs to get out of the deal. That can run from 5% to 25%, depending on where you sell it. Either way, it doesn't take much gold to make some real money anymore. HH

ok thanks. was wondering how much they would sock us.

was told of a company that will give ya 98% of spot value. sent my rings in. am waiting to hear back. that company is called, "ARAGOLD" . at least thats what i used to find it on the web.could be the differance of quite a few bucks by just mailing and waiting a few more days. will cry load and long if it don't pan out. but it'll be either the place to go or avoid. will let ya know.

HH

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Garrett AT Pr o
Garrett Pro pin pointer.x2
V3i on the way

AIN'T THIS HOBBY GREAT?

THE ONLY DUMB QUESTION IS THE ONE YOU DON'T ASK.
Kelso, Wa.
where the sun don't shine most of the time.

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One place offered $28 per DWT today with gold at $1785 and another offered me $43....you really have to shop around. Don't hesitate to call them.
There are crooks out there.

K THANKS. THIS 10K RING WOULD OF POCKETED ME TODAY... $60.00 AT A PAWN SHOP. IT WEIGHS 2.6 DWT. @$1785. 00. I KEPT IT. NOT BAD THOUGH FOR 10 15 MINUTES OF SWINGING. I WAS JUST TRYING THE DEPTH READING WITH MY NEW 12X15 SEF. THINK IT READ 09-09 ON THE EXPLORER. WAS ONLY 3'' DEEP THOUGH. MAKES ME WANT TO GO DIG ALL LOW NUMBERS NOW.

Know your buyer and shop around....do remember buyer has to make a profit and as far as sending gold rings and such away not a good iodea in my mind.

In any case if you want to sell now is the time with the price being way up there...

I always weigh mine and they have never questioned it. Call them American Recycling Associates 1-800-216-9796 you will be glad you did. HH

part of shopping around is word of mouth. and my mouth says send your gold to ARAGOLD. 98% pay out. takes about 1 1/2 weeks but worth the extra $$$. paid better than i thought was coming. now if i can just find more gold to send them. that's a couple of hundred off the cost of my explorer se pro. just a few hundred more and my gas will be paid for. then recover the cost of the other detectors. say, did God make that much Gold??


HH

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Garrett AT Pr o
Garrett Pro pin pointer.x2
V3i on the way

AIN'T THIS HOBBY GREAT?

THE ONLY DUMB QUESTION IS THE ONE YOU DON'T ASK.
Kelso, Wa.
where the sun don't shine most of the time.