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GoldJag | 04-09-2007 08:37 PM
can anyone tell me what this is worth? 1 Attachment(s) here is gold brick i may have.

RossL | 04-09-2007 09:24 PM
Re: can anyone tell me what this is worth? I need to inspect it in person before I make you an offer.

goldminer | 04-09-2007 10:08 PM
Re: can anyone tell me what this is worth? A estimate will require among other things, knowing the history of the bar.

mjk1971 | 04-09-2007 11:14 PM
Re: can anyone tell me what this is worth? What does it say on it? Any manufacturer hallmark/name, weight, purity info? If none of these, you'll need to get it professionally assayed to determine what exactly it is and how much it's worth for spot alone.

TomD | 04-11-2007 03:14 PM
Re: can anyone tell me what this is worth? The weight and purity will be stamped on the bar. I blew the picture up and sharpened it, looks like it's stamped 433.5, as in ounces. If that is so and assuming the value is strictly bullion, it would be worth about $292,000. If it is from something like the SS Central America wreck back in the late 1800's, there would be a significant historical value on top of the bullion value. In any case, anything short of ironclad proof of authenticity<o:p></o:p> and/or purity, you have to get the bar assayed. Prolly want to do it no matter what. It very well could be a "good delivery" gold bar. " ‘400’ oz (‘12.5’ kg) bar There are only 55 active manufacturers worldwide whose ‘400 oz’ (‘12.5 kg’) bars are accepted internationally as London Good Delivery. ‘400 oz’ London Good Delivery bars are permitted to weigh between 350 oz and 430 oz. Minimum gold purity: 99.5%. Around 150,000 are made each year. Central banks normally hold gold in the form of these bars and are believed to hold 2.5 million of them." Any story behind it? Nice acquisition. Don't get caught walking down the street with that, I'm sure most of us here are nice, honest people but that may prove too tempting.

GoldJag | 04-11-2007 03:33 PM
Re: can anyone tell me what this is worth? 1 Attachment(s) I just own picture. Bar is in museum. It is a real bar. I have some more pics

mozkill | 04-11-2007 03:43 PM
Re: can anyone tell me what this is worth? most likely the real bars are in a vault and the museum display bars are fakes... is that a 400-ouncer?

GoldJag | 04-11-2007 04:01 PM
Re: can anyone tell me what this is worth? bar is assayed by kellogg & Humbert. I think it is 933.94 oz and the value when made was $17,433.57

GoldJag | 12-07-2007 02:04 PM
Re: can anyone tell me what this is worth? my bar is missing, has anyone seen it?:shocked_ma:

AlwaysWrite | 12-07-2007 03:23 PM
Re: can anyone tell me what this is worth? Strangest thread ever.

AuNuggets | 12-07-2007 03:33 PM
Re: can anyone tell me what this is worth? That bar in the top photo is Kellogg & Humbert # 1003 recovered from the S.S. Central America. Weight 933.94 Ounces Indicated Dollar Value (then) of $17,433.57 Face dimensions 98 x 249 mm Otherwise known as "The Eureka" gold bar, it's the largest known private assay gold bar from the California Gold Rush days. Methinks GJ is FOS....... :wink:

Highbanker | 12-09-2007 07:58 PM
Re: can anyone tell me what this is worth? Yeah.....weigh it in troy ounces (31.1 grams) and multiply that by the spot of gold.....C'mon......

AuNuggets | 12-09-2007 08:48 PM
Re: can anyone tell me what this is worth? Quote:
Originally Posted by Highbanker (Post 866827) Yeah.....weigh it in troy ounces (31.1 grams) and multiply that by the spot of gold.....C'mon......
Scrap Gold ???? Hardly ! _____________________________________ Gold @ $8565 an ounce! SS Central America treasure 'Eureka' gold bar sells for a cool eight million dollars Barb Moriarty November 10, 2001 A Barbaric Relic for a Billionaire A Kellogg and Humbert California Gold Rush bar that had spent virtually all of its life at the bottom of the ocean with the wreck of SS Central America was sold privately last week (Nov 2001) for 8 million dollars. The awesome 'gold brick' was purchased by a "Forbes 400 business executive,'' according to Michael Carabini, president of Monaco Financial, who handled the incredible sale. The Gold Brick Known as Eureka, it is the largest-known gold bar to come out of the California Gold Rush and at 933.94oz is the size of a loaf of bread. The value in 1857 was $17,433.57, and as with most ingots of that era the dollar value is stamped on the bar. It would have taken six miners a whole year of 12-hour day's hard sweat and toil to produce the gold for that bar. Eureka holds two records; the highest weight and highest stamped value, and it is so large that it required two hallmark stamps of the assayer. Many refer to the ingot as The Crown Jewel from the Ship of Gold.

GoldJag | 03-12-2008 01:53 PM
Re: can anyone tell me what this is worth? Quote:
Originally Posted by AuNuggets (Post 866902) Scrap Gold ???? Hardly ! _____________________________________ Gold @ $8565 an ounce! SS Central America treasure 'Eureka' gold bar sells for a cool eight million dollars Barb Moriarty November 10, 2001 A Barbaric Relic for a Billionaire A Kellogg and Humbert California Gold Rush bar that had spent virtually all of its life at the bottom of the ocean with the wreck of SS Central America was sold privately last week (Nov 2001) for 8 million dollars. The awesome 'gold brick' was purchased by a "Forbes 400 business executive,'' according to Michael Carabini, president of Monaco Financial, who handled the incredible sale. The Gold Brick Known as Eureka, it is the largest-known gold bar to come out of the California Gold Rush and at 933.94oz is the size of a loaf of bread. The value in 1857 was $17,433.57, and as with most ingots of that era the dollar value is stamped on the bar. It would have taken six miners a whole year of 12-hour day's hard sweat and toil to produce the gold for that bar. Eureka holds two records; the highest weight and highest stamped value, and it is so large that it required two hallmark stamps of the assayer. Many refer to the ingot as The Crown Jewel from the Ship of Gold.
You are correct. It was on display in NYC in 2007

californiajeff | 03-15-2008 04:31 AM
Re: can anyone tell me what this is worth? Just imagine a loaf of bread that weighs around 80 pounds. My mouth is already salivating! :D

TonyG | 03-15-2008 06:14 AM
Re: can anyone tell me what this is worth? Quote:
Originally Posted by AuNuggets (Post 866902) Scrap Gold ???? Hardly ! Known as Eureka, it is the largest-known gold bar to come out of the California Gold Rush and at 933.94oz is the size of a loaf of bread. The value in 1857 was $17,433.57, and as with most ingots of that era the dollar value is stamped on the bar. It would have taken six miners a whole year of 12-hour day's hard sweat and toil to produce the gold for that bar.
Ok, Follow my math and double check me. The question is if Gold price has kept pace with price of labor from 1857 to today. 12 hr days X 6 day weeks X 50 weeks (with 2 weeks going into San Fran or Vegas) = 3600 X 6 minors = 21,600 man hours. 17,433.57 / 21,600 hours yields about $.80/man hour. Nowdays, $24/hr (including bennies and taxes) could be considerered middle class (?) 30 X .80 = $24.00 30 X 17,433.57 = about $425,000. Question, was .80/hour back in 1857 about equal to $50/hour now.... or is Gold overvalued at $1000 per oz.?? EDIT: I've since learned that Coopers (barrel and shipping container makers) could make upwards of $3.00/day in NYC in 1857 which was enough that they apparently worked 3 or 4 days a week and then went on spending spree's while not showing up for further work. Thus $.30/hour was apparenty respectable wages even in NYC. The other factor that I did not consider was the refiners markup. Supposing that it was 10%, it would leave the miner with 72 cents instead of .80/man hour. So, with .72 being a little about 2.5 percent above what was considered fair wages in NYC of the same time period. I would think that $36/hour would suffice some laborer in NYC today. (Not sure what union rates are these days) Thus $90/hour is what a miner would make per hour to have the same parallel of $36/hour that the box maker had to a miner in 1857. According to $90/hour, gold should be about $2000/oz to be equivalent of .72 per man hour versus $90/man hour and the gold bar should have a labor value of around $2 million. That bar will soon be the 1 million dollar bar.

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