I have been interested in coins almost my whole life, but only recently got back into the hobby. I have also found myself attracted to gold in raw form, specifically nuggets with "character." I've done some reading / research on the matter, and I get that nuggets command a premium because of the rarity. The most commonly quoted statistics I see are along the lines of, "Only 1% of all gold mined comes out as nuggets" and "A one ounce nugget is more rare than a 5 ct diamond" and stuff along those lines. I've purchased a couple of nuggets (including one from a fellow CT member) and have generally been happy with my purchases, but I am curious... so a couple of questions. 1. Do you buy gold in nugget (or other raw) form? 2. If so, what premium (1.5x spot, 2x spot, 5x spot, etc.) would you consider paying? I know question 2 still depends on things like nugget size (larger nuggets command a higher premium, nuggets with quartz inclusions are more attractive to some) but a ballpark range would be educational. Thanks
This might be an opportunity for you to research 'sold' or 'completed listings' on ebay. You can get a very good idea what the market is for anything with this. I use this every day.
I have done that, to some degree. I was looking for something more from the folks here with more experience.
