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<p>[QUOTE=&quot;Brett_in_Sacto, post: 2422411, member: 71510&quot;]I was out treasure hunting at an estate auction this weekend.&nbsp; I scored big time.&nbsp; Lots of foreign silver for 70% of melt value, a bunch of sterling silverware, I picked up a gold sovereign for $250 including premium.&nbsp; I picked up a bunch of jewelry too - one nice diamond ring that I just flipped to my jeweler for 3x the money.&nbsp; <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><br /></p><p>The one thing I saw that was really awkward was that after all my great coin deals, jewelry deals, etc....</p><p><br /></p><p>People were overpaying for Krugerrands.&nbsp; They had 3 sell.&nbsp; $1400 for 2 and $1500 for the last one.&nbsp; All were 1978/1980 which are common date and little to no numismatic value.</p><p><br /></p><p>Add on 12% buyer&#039;s premium and 8% sales tax- people were paying $1600 and up for these things!&nbsp; Cash price on Ebay is $1300 or so.&nbsp; Crazy!</p><p><br /></p><p>They were a bit ignorant too - the auctioneer said the weight was 1.2 ounces - which is ~34 grams.&nbsp; Technically they&#039;re 1.09 ounces troy - and then the purity comes into play - where it&#039;s actually &quot;exactly&quot; 1 ounce of pure gold - with alloys added to create metal hardness - totaling the 33.94 grams.</p><p><br /></p><p>The More You Know!</p><p><br /></p><p>My best score of the day was a 1 carat diamond in an 18k gold setting.&nbsp; Paid $500, just flipped to jeweler for $1500 this morning.&nbsp; </p><p><br /></p><p>Building my war chest for Long Beach![/QUOTE]</p><p><br /></p>

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