Gold Prospecting Questions Drop us an EMAIL and we'll post your thoughts. Help us make this site a truly helpful resource for gold prospectors - new and old. Latest question:
For top dollar you would want to try selling it on eBay yourself or via consignment through us or a similar store. You can also sell it to a wholesale nugget dealer like us or again a similar store but the price would have to be a bit lower of course for resale. The advantage of going to a store like ours is that we will typically buy much more and make it hassle free. As apposed to having to parcel out small lots at various prices to idividuals who may or may not actually pay - like on eBay. I would estimate fair price to be in the 10-20% over spot range at retail for nuggets over 1/4 oz. And about spot for wholesale sales. More for larger nuggets. For fine gold to small pickers around spot to spot + 5% is what you can expect to get on average at retail. Reputable wholesalers will need to buy smaller gold at 10-15% under spot usually. Our quotes above are assuming typical smooth placer gold only. Crystalline gold or gold of exceptional character can fetch much more due to rarity - sometimes 2-3 times or more than spot. You can always find current spot prices for gold at kitco.com. Hi, it’s best if you pick a size of the same sort as what you expect to find in your location. Most detectors will find pretty small nuggets but not very deep. If you want to tune it to gold easily maybe a one gram nugget (our large 4-6 mesh would do) about $33-36. You can glue it to a clay or plastic poker chip so you can keep it with you and not worry about losing it. Make sure you don't use a poker chip with a metal insert (fake clay ones) which will throw off the detector. Thank you very much for your E-mail. The camp ground I was going to go to is called follows camp above azusa. Thank you very much for your time. If I buy the pay dirt, how would I pan at home to teach my boys? I was thinking of buying that to show them how to pan before we went. Any help you could give me would be greatly appreciated. Thank you very much. ---- David L. Answer: Hi David, it’s always best to pan into another pan so you don’t lose any gold. So if you don’t have an extra pan I would grab another one iwth your pay dirt order. You will want to pan our material several times to make sure you got it all - there can be fine gold in there too. Also you might want to try two types of gold pans to see which works best for your boys. I would recommend the black plastic one first and then the green Keene super pan as the next step up. Both are lightweight, affordable, and easy to master. Hi, my name is Jim and I am interested in prospecting for gold. Could you help me with the important questions? I would appreciate it very much. Of course, the most important questions for this hobby are:
Answer (prices have gone up a lot since this answer) To: INFO@GOLDFEVERPROSPECTING.COM
Subject: building a rocker box Answer: Here you go. Visit: http://www.goldprospectors.org/pdf/ROCKERBOXPLANS.PDF This is a link to the GPAA free plan on building a rocker box From: Dan Lander Hey my family and I live near a fast running creek that is over a gold vein. could it have gold in it? If it did how would we find it? ps. we are beginner prospectors so we are limeted to gold pans --- Thanks,gold gobbler 2005 ANSWER: HI, sounds like you are in a good spot to try your luck. How do you know you are over a gold vein? Has gold been found there in the past? If so, it should be easy to get some “color”. Be sure you dig down pretty deep - all the way to bedrock if possible - as gold is heavy and will sink as far as it can over time. Ignore the top stuff - this is overburden and probably does not contain much gold. Look for cracks and crevices in bedrock – gold gets wedged in there so scrape that material out and pan well. Don’t fret about just having a gold pan - it all begins and ends there. Even the most sophisticated prosecting operations use gold pans to sample areas and for finish panning. If you find some decent gold you might want to move up to a simple sluice box. Not a large investment but it will let you run a lot more material. Let us know how you fare and send pics of your finds.
Amanda R. writes in from Georgia: I'm interested in looking for gold where I live. I live at the bottom between two pastures or hills and on a dirt road. In my front yard, I have a dry stream bed and if it floods the stream will run across our driveway. But we have a big pond next door in the woods. Sometime before my Grandady died, I over heard my dady and Uncle saying something about a gold mine. But I can't remember it all. There's also a little ditch or gully next to our house. Where do you think I should look and are these good places? Also, will I have a good chance since I live in Georgia?
Well, that's all I wanted to ask and thank you for your time! Answer: HI, dry stream beds can very often contain gold depending on how old the stream is and if water used to run through there in the past at high volume. In general terms, Gold normally washes down from surrounding hills and will accumulate at the lowest possible point where water flow will deposit it over time. If there are old gold mines in the area that is a very good sign that your area will have gold present. Georgia is well known for its gold production in the past especially near Dahlonega. Try taking some samples form different areas and testing your findings with a gold pan. Try to dig deep enough to get to bedrock or just above an old hard clay layer if possible. Most of your gold will be found just above these points as it is quite heavy and will settle over time. Don’t bother looking in the top most loose soil as this is most likely just overburden and freshly deposited organic matter barren of gold. You may want to try renting a metal detector as well.
Hello, I'm outside panning and I had a quick question.There is darker material in the pan along with the gold and it looks kinda like gold? Is it pyrite (fools gold)or what?And do you know if some of the flakes flaking around in my pan is flake or just some more pyrite? Thanks J. D. Webb Answer HI Jamey, it is very possible that the flakes are gold. A quick way to test whether it is fools gold or real gold is to look at the material in the sunlight. Both materials will shine in direct light, however, when in the shade only natural gold will continue to shine brightly - the fools gold will darken and appear dim.
Did you know real gold can float? This is due to the surface tension of the water which will suspend very light pieces. Try using just a touch of detergent like jet dry to break the surface tension of the water and allow the gold to settle to the bottom of the pan. Good luck!!!!
J Beeson wrote in: Very informative site you have - thanks. So, if one collects good quality, larger Gold Nuggets and ever wants to sell them, where does he go? E-Bay seems to be the only source for selling ?!? If so, one is quite limited in ever selling. Wouldn't Gold coins be a better investment because they are more "liquid" an investment? Thanks. Jim Answer:
HI Jim. Thanks for your email. Yes, it is true that gold bullion or gold coins are more easily sellable, however, you must consider that you will almost never get more than current spot price for your gold this way. A true quality nugget will appreciate in value as their availability is limited to what mother nature provides. And their current scarcity on the market is a factor as well, given that many collectors are just that - "collectors" and not resellers – they will hang on to their gold and never sell. Nuggets will fluctuate with spot price to a degree but most specimen grade pieces will have their own intrinsic value aside from spot price.
QUESTION #1: What did you wish you knew when you first started prospecting? I wish I had thought to test the recovery of my equipment before dragging it all the way down to the river. I could have made some changes at home and then spent more time actually working the river than tinkering. J.T., CA I wish I knew about the GPAA club so I could meet some people to prospect with in my area and learn some new tricks. Thanks for putting up this site - very helpful to newbies. You can find a link to the GPAA prospecting club in our links section. Good people! QUESTION #2: Dredgers - what size do you use and why?
I have owened 2 dredges a 6in and 8in and worked them in Southern Ore. and Northern Calif. Both were Keene dredges and only small changes were made.
I loved my 6in I could carry it in the back of pickup and could carry it to the river and assemble it by myself. But the 8in is a whole differnt story. But on the klamath an 8in
is the only way to go. When your under water and see all that material going up the nozzle its a rush.
Anyway lets hear from you expert miners out there about what you use and like to use.
Let us know what you think Big Mike, I currently own a 3" and a 5" American Gold Dredge with Honda 5.5 an 8 hp respectively and a 4" Bazooka. The 3" is a great little dredge for cleaning cracks and places where there isn't a lot of material. The American 5" is a great dredge for fine gold recovery, but the stock floatation isn't enough for fast water dredging. I just got done modifying it to use the pontoons off my Skeeter in addition to the standard floatation. They are fully adjustable and go on in minutes. My idea is to use the Skeeter for transportation to the dredge, pop the floatation off and use it for work then off again at the end of the day. This is starting to look like home! Welcome back BigMike. Glad to hear you're giving thought to coming back to the river. Get healthy and let those cobbles and boulders work the kinks out of your back.
Hey guys, Question 3: I have several generic questions about gold. what is the simplest way to test a very fine powdery gold dust to know what I really have found? Is there any record of glacial activity transporting gold south from Canada? And how many other minerals and sediments such as pyrite mimic gold?
A totally uninformed novice
Thanks Bryan Hi Bryan, other than a huge difference in weight, gold is easily recognizable from mica or other similar matter using a quick test. In the sunlight examine the material and note its color and brightness. Now cast a shadow over the material – natural gold will continue to be bright whereas mica will fade and darken without direct sunlight. We’d be happy to take a look at it for you if you would like to mail a sample. Otherwise if you have a large deposit of what you believe to be gold bearing material – a professional assay would be your best bet.
Glacier activity has deposited gold throughout the US and is not confined only to Canada. Our expertise is in western US states but we do know that almost all states have a record of gold finds. Consider joining the GPAA - they offer a guidebook with claims listed in almost all 50 states - as well as a free assay test for your gold bearing material. |
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