How much is a gold nugget worth?

Answer 1

The value of a gold nugget varies. Weight is most important, as you can imagine. But remember that a nugget isn't pure gold. It almost always has a bit of silver and/or copper as an alloy. The nugget may be worth more in the "nugget" form than for the gold it may contain. Some collector may be willing to pay a bit more for the "raw" gold than the spot gold price. But you can't count on that because the market will determine price, as always. Remember that a one ounce gold nugget can have a percent gold content that is in the high 90's, or in the low 80's. And those who know gold know this. Your one ounce gold nugget doesn't have one ounce of gold in it.

- from a different source - thank you for completely not answering the boys question. You professor types get so caught up in the sound of your own voice that you rarely answer the question your actually being asked. Understand that as a nugget gets heavier, the price per gram goes up exponentially. Small nuggets that weigh between 1-2 grams will cost less per gram than nuggets that weigh more. As of the end of 2009, the price of raw gold melted down is roughly between $37 and $38 per gram. Getting gold in a natural nugget with good purity, size and color will boost the price between 10 and 25 percent, with high quality nuggets commanding a better price.