gold bullion bar from early 1800's

By estraub, 19 November, 2008
Description

there is alot more history but i would rather not type it all.

Category
Coins and Currency
Medium
24k gold
Distinguishing marks
small chisel marks
Condition
Good
Size and dimensions of this item
13/16"x5/16"x2/16"
Date Period
1800
Weight
6.5 grams
History
has been in the family since early 1800's,it was chisled down to make some purchases in 1864 and it was hidden from the 1933 F.D.R. decision to recall all pesonal owned gold and was recently passed on to me.
eBay Auction Link
Price Paid (If known)
been in the family since it was smelted by hand in the early 1800's
For Sale?
No
Photos

wallyh

16 years ago

Reseaching whose boot mark it was would be interesting. I have a nice database of marks.

I also understand the difference between melting and smelting and refining.

The ebay photomark is quite familiar. 

 

 

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wallyh

16 years ago

This bar could have 100 stories, but it's still just worth about $735/oz or for your 6.5 grams about $168.50
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wallyh

16 years ago

http://www.bullionvault.com/gold-price-chart.do
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Lovejoy

16 years ago

Wallyh is right. 1 gram =.03215 troy ounce, gold spot price as I write this is about 745.00 a troy ounce. According to the weight you provide, "6.5" grams, you have only  .208975 troy oz of gold ;~)

 

Lovejoy 

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estraub

16 years ago

All of you have no clue what your talking about,i just had this piece appraised by a certified appraiser,and due to the historical value it was appraised at about five times its worth its weight in gold.so do any of you work for a real appraisal company?
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estraub

16 years ago

gold nuggets sell for 2-5 times their worth in weight,even if you buy gold direct from the mint there is a premium,you can never get gold at its at spot price.and further more most gold from along time ago has been melted down and lost forever.i didnt put this peice on this website to have all of you rookies guess at it,i put it on here to share something with people that are into history.
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wallyh

16 years ago

I enjoy history very much, but I didn't see any evidence of historical value.

If I take my scrap gold and melt it into a miniature ingot and chisel it a little bit and then claim it is from 1800, it will be worth 2 - 5 times more??? I don't think so.  However, if your trinket bears the assay mark of Matthew Stephenson, it would be worth a considerable sum.

Pike's Peak gold is from 1859 or later so I would not refer to that as early 1800's.

California and Klondike gold is even later. 

I am not an expert, but I'm hardly a rookie either. I was not out to create an argument, just stating what I knew for certain based on what you presented.

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Lovejoy

16 years ago

 To: Estraub 

The problem with your theory is that this is not a nugget. It is just a small gold bar and has no real historical value as it is not tied to any signifigant event or person.

There is a bit of a premium when you buy gold, but not much. For example, right now one troy ounce of gold is $764.00, a one troy ounce gold coin ( Canadian Maple Leaf) sells for $809.00, a difference of only $45.00.

 

P.S. I am an Appraiser 

 

Lovejoy 

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estraub

16 years ago

ok,first off miners in the 1800's dind not brand their personal gold that often and not in small peices like the one we are having a disscusion about.first of i have all ready had it appraied by one of the biggest company's in america,second if you look closly at the bar with a 60x loop you can plainly see the way the gold was smelted it is not like the gold ingot&bars that i invest in such as pamp suisse 24k fine 999.9.the gold bar in which i have posted.third their is a boot stamped into the back of the bar and third this peice has been in the family since it was smelted by hand from gold that was prospected from a placer mine in california in the year 1848.My family lived in california before the big gold rush in 1849,one of my family members was one of the 48'ers.The reason it has survived all these years is that i have masonic family members and they are really big into their own history,that is why it is not for sale,when i inherited it i was told that i could not sell it but to only pass it on to my children,their are alot of other peices in my inheitence box that were from the 1700&1800's so the notion that i some how melted down a nugget to make up a story to not even try to profit from makes no damn sense,remeber the bar is not for sale.
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