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03-18-2008, 09:01 AM
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I Think I Fugured This Gold Thing
All by myself. Not sure if all of you know or if I am right but I think this is how it goes.
24k = 99.99% 18k = 70% 14k = 40% gold per ounce = $1,025 so if I got a ring or something suppose I got a 14k ring that is 1 ounce you need to do the following. 1,025 x .40 ------- $410 dollars total. Is that right? So all we need is a little scale to figure the weight of the gold out. How much do those little scales go for? Going to get one asap. Remember I was asking before how to ger the exact value of gold and the question did get answered but there was some info missing. I was just daydreaming and it came to me. IS THIS RIGHT? If it is we can use this formula we will not get ripped off by other people. Let me know if this is correct or if I am missing something. Hope this helps everyone.
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Coin Counter (Since 1/1/08) Pennies - 281 Wheaties - 1 Nickels - 100 Dimes - 124 Quarters - 162 Halves Dollars - 1 Total - $59.48... Tu mejor amigo es un dollar en el bolsillo. Das el dolar pierdes el amigo y el dinero. 
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03-18-2008, 09:09 AM
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Not Quite
24K= 100%
22K= 90% 18K= 75% 15K= 62.5% 14K= 58.33% 10K= 41.67% 9K = 37.50% The gold is weighed in dwt and then calculated. Scrap Gold, Calculate Value of Gold Scrap 
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LIVE SIMPLY, LOVE GENEROUSLY, CARE DEEPLY, SPEAK KINDLY, LEAVE THE REST TO THE CREATOR.
Last edited by PAPPY; 03-18-2008 at 03:22 PM.
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03-18-2008, 09:38 AM
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cool info
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I love trees,dirt and woods.....work hard to play hard!!! ....Sweeet.... TITAN 2000 XD metal Detecter....My wifes... .....Awesome Fisher F75....11" foot...6" ground seeker..my new friend... .....New Ace 250.......with coil covers..my 11 year old daughter .....New Ace 250.......with stock and sniper coils and coil covers..My Dads..
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03-18-2008, 09:46 AM
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Thanks for info
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 Live Life To The Full, You Only Get One Chance At It.Minelab XTerra 70 http://www.myspace.com/annedetectplus http://www.annedetectplus.spaces.live.com
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03-18-2008, 09:54 AM
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Great info pappy...
now we all can get an idea of what we have.... thanks jT
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Minelab Sovereign GT - 15" WOT Coil Whites MXT - 9.5" Eclipse Coil www.decals-by-jt.com/tq_items.htm Finds To Date: 2008  Clad: Pennies: 82 Nickles: 20 Dimes:35 Quarters:32 Wheat Pennies: '52, '56, '56, '19, '52d, '58, '50s, '57d, '36, (2)51D, 41D '42 British 10 Pence (2004) Silver  ---------- Large 925 Ring with Torqouise stone - Toe Ring Herring bone ankle bracelet Misc:__________________ UFO plastic toy Canabus Pendent brass pendent with rawhide necklace
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03-18-2008, 11:57 AM
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Great site Pappy, sure simplifies it!
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Happy Hunting! Alan Explorer SE, Excalibur 1000, CibolaNon-Silver since 9/1/07 Quarters-91 Dimes-102 Nickels-39 Cents-156 (1-Lg, 1-Half, IH-1) Foreign-1 Wheats-4 Gold & Silver since 9/1/07 Gold Chains-2 Gold Rings-1 (+1 maybe) Sil. Rings-5, Sweater/Vest holder thing-1 8 Reale-1 Seeded Hunts $2.50 Gold Indian, 2 Pesos Gold, 3-Silver dollars, 6-silver halves, 11-silver quarters, 221-silver dimes, 1-silver nickel, 1-oz. silver bar, 2007 Proof quarter set, Whites Bullseye II pinpointer.
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03-18-2008, 02:44 PM
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Thanks pappy
for the info. how do you the dwt conversion? If you use the correct percent do you get close to the value? or is it over or under. thanks.
__________________
Coin Counter (Since 1/1/08) Pennies - 281 Wheaties - 1 Nickels - 100 Dimes - 124 Quarters - 162 Halves Dollars - 1 Total - $59.48... Tu mejor amigo es un dollar en el bolsillo. Das el dolar pierdes el amigo y el dinero.
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03-18-2008, 02:53 PM
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pappy
how do you work this site?
it says step 1 enter spot price. what do you put there? step 2 you put either grams or DWT then just calculate? Also if I dod not have this program how would I go about calculating the grams to DWT and what does DWT stand for? thanks in advance.
__________________
Coin Counter (Since 1/1/08) Pennies - 281 Wheaties - 1 Nickels - 100 Dimes - 124 Quarters - 162 Halves Dollars - 1 Total - $59.48... Tu mejor amigo es un dollar en el bolsillo. Das el dolar pierdes el amigo y el dinero.
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03-18-2008, 02:54 PM
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I calculate he is taking a 16% commission. Northern Refineries takes a 6% commission.
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Treasure Quest - Often imitated, never duplicated.
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