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Posted: 1/17/2013 11:53:11 AM EDT
[#1]
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Worth way, way more than spot. Nuggets bigger than a quarter have intrinsic value way over spot price. That nugget is worth millions, probably bring 2-5 mil at auction. It is worth what someone is willing to pay, no historical value in the gold only the size/quantity of the chunk. Absolutely wrong. The "Golden Nugget" at the "Golden Nugget" in Las Vegas sold for MANY times it's value in ounces. So do other large nuggets. I got to see that last week. It was huge. And didn't even have a guard nearby. 
They bought it for $1 million. 
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Posted: 1/17/2013 12:01:10 PM EDT
[#2]
IIRC, several large nuggets have been found in the desert wastelands of OZ.
I guess watch out for shit to stub your toe on. |
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Posted: 1/17/2013 12:03:40 PM EDT
[#3]
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Posted: 1/17/2013 12:03:49 PM EDT
[#4]
Quoted: Quoted: Quoted: Quoted: I'd rather dig up a PMAG. But $315,000 will buy many several PMAGS Explain. Money can be exchanged for goods and services! Woohoo! |
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Posted: 1/17/2013 12:10:22 PM EDT
[#5]
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Shouldn't have reported it. Have it smelted down and shop it around piecemeal to several vendors. 
A nugget that large is worth way more than just the gold value. ...........and the taxman will rape you for half of that value or more if not fuck you out of it completely via some bullshit claim or law. Resist inviting the man in into your life wherever possible. This. |
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Posted: 1/17/2013 12:12:12 PM EDT
[#6]
Quoted:
Quoted:
Quoted:
Quoted:
Worth way, way more than spot. Nuggets bigger than a quarter have intrinsic value way over spot price. That nugget is worth millions, probably bring 2-5 mil at auction. It is worth what someone is willing to pay, no historical value in the gold only the size/quantity of the chunk. Absolutely wrong. The "Golden Nugget" at the "Golden Nugget" in Las Vegas sold for MANY times it's value in ounces. So do other large nuggets. I got to see that last week. It was huge. And didn't even have a guard nearby.
They bought it for $1 million. http://www.thelifeofluxury.com/images/worlds_largest_gold_nugget.jpg Yup, that's it. The "big ones" all have a name- just like the Hope Diamond etc.... |
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Posted: 1/17/2013 12:14:26 PM EDT
[#7]
That would make one helluva Mr. T starter kit
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Posted: 1/17/2013 12:14:34 PM EDT
[#8]
Dang, that's where I left it. Thanks for finding it for me.
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Posted: 1/17/2013 12:20:42 PM EDT
[#9]
Quoted: Yup, that's it. The "big ones" all have a name- just like the Hope Diamond etc.... In that case, I hereby name the newly found Australian nugget "Minnesota" |
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Posted: 1/17/2013 12:24:47 PM EDT
[#10]
Quoted: Shouldn't have reported it. Have it smelted down and shop it around piecemeal to several vendors. It's worth way more in it's natural state. Likely a few million more. It's not the largest nugget ever found.....The largest gold nugget found was the Welcome Stranger, found at Moliagul, Victoria, Australia in 1869 by John Deason and Richard Oates. It weighed gross, over 2,520 troy ounces (78 kg) and returned over 2,284 troy ounces http://en.wikipedia.org/wiki/Gold_nugget |
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Posted: 1/17/2013 12:36:43 PM EDT
[#11]
Quoted: Quoted: Quoted: Quoted: Quoted: I'd rather dig up a PMAG. But $315,000 will buy many several PMAGS Explain. Money can be exchanged for goods and services! Woohoo! Don't know why, but this exchange had laughing my ass off! |
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Posted: 1/17/2013 12:40:53 PM EDT
[#12]
Quoted: Quoted: GOLD RUSH - Down Under coming next season. ^^^^^^^^^^^^^^ This.... Just think, there is probably a bigger one down there.  In the GLOREEEEE HOOOOOOLE |
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Posted: 1/17/2013 12:44:23 PM EDT
[#13]
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In before Spain issues a claim... Well played!!!!
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Posted: 1/17/2013 12:47:10 PM EDT
[#14]
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I'd rather dig up a PMAG. But $315,000 will buy many several a few PMAGS 
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Posted: 1/17/2013 12:55:21 PM EDT
[#15]
Quoted: Does the landowner have any say? Nope. Farmers dont own whats under the ground. Mineral rights are fairly controversial issue here is Aus, still to this day. Mining companies can and do go ANYWHERE to explore for stuff. There is compensation, but bugger all. Think of Australia as one big pile of iron ore, coal and gas..with a sprinkling of every other mineral known to man. |
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Posted: 1/17/2013 1:01:12 PM EDT
[#16]
Take old scrap gold melt into big blob, say I found it in the creek at my farm and???? Profit?
In before someone points out that the nuggets aren't pure...and why I will mix other "trash like silver" into my "mix".
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Posted: 1/17/2013 1:02:23 PM EDT
[#17]
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Posted: 1/17/2013 1:06:05 PM EDT
[#18]
Quoted: Quoted: Quoted: Quoted: Quoted: Quoted: I'd rather dig up a PMAG. But $315,000 will buy many several PMAGS Explain. Money can be exchanged for goods and services! Woohoo! Don't know why, but this exchange had laughing my ass off! Hi, I'm Troy McClure. You may remember this exchange from such shows as the Simpsons. |
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Posted: 1/17/2013 1:06:15 PM EDT
[#19]
Quoted:
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Shouldn't have reported it. Have it smelted down and shop it around piecemeal to several vendors.
A nugget that large is worth way more than just the gold value. ...........and the taxman will rape you for half of that value or more if not fuck you out of it completely via some bullshit claim or law. Resist inviting the man in into your life wherever possible. Do you people have any concept of money?
That thing is probably worth several times the pure gold value. Even if the government takes half you'd still be better off by selling it intact. Not to mention the fact that he could have smuggled it out of the country and sold it intact abroad. Smelting it would have been tarded. |
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Posted: 1/18/2013 12:15:46 AM EDT
[#20]
Quoted: Quoted: Quoted: Quoted: Quoted: Quoted: Quoted: I'd rather dig up a PMAG. But $315,000 will buy many several PMAGS Explain. Money can be exchanged for goods and services! Woohoo! Don't know why, but this exchange had laughing my ass off! Hi, I'm Troy McClure. You may remember this exchange from such shows as the Simpsons. Uhhh, there it is.
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Posted: 1/18/2013 2:28:38 AM EDT
[#21]
Quoted:
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Worth way, way more than spot. Nuggets bigger than a quarter have intrinsic value way over spot price. That nugget is worth millions, probably bring 2-5 mil at auction. It is worth what someone is willing to pay, no historical value in the gold only the size/quantity of the chunk. Absolutely wrong. The "Golden Nugget" at the "Golden Nugget" in Las Vegas sold for MANY times it's value in ounces. So do other large nuggets. If you can find the perfect idiot to part from his money I salute you. He's right, large nuggets bring much more than their melt value. |
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Posted: 1/18/2013 2:54:48 AM EDT
[#22]
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Shouldn't have reported it. Have it smelted down and shop it around piecemeal to several vendors. No kidding. Keep the taxman out of your pocket. Why the hell would you advertise a find like that? No shit. Might just be the tip of the iceburg on his claim.ETA if he has a claim |
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Posted: 1/18/2013 2:58:51 AM EDT
[#23]
IF it is worth $315,000.00 Australia Tax's will be $120,022.00. According to Google.
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