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Hi Kevin, I only use gold coins for my work. When making gold links
for weaving gold chains (via the Jean Stark method) , you need pure
gold to start with, called Four Nines, 99.99%. Normally if you buy
gold wire or sheet, there is about a 30% markup for fabrication
charges. For every ounce of gold wire/sheet you buy, you pay in the
neighborhood of $400 an ounce. It dosent take long for this to mount
up. In fact after 20 ounces you could have saved enough to buy one
of the best rolling mills available. If the gold isnt 99.99%, when
making chains, the fused links will break. Jean Stark let me waste a
whole day doing this, a lesson I'll never forget. <smile---thanks
Jean>. Anyway, to get to my point, I buy Canadian Maple Leafs, 1
pure ounce of 99.99% gold from a coin dealer in Dallas. Dallas Gold
and Silver Exchange. I don't know of anyone who will give you pure
gold on a credit card, there isnt much if a markup on pure gold
coins, in the neighborhood of 5%, and the credit card charges are
just about that. If you are going to be doing quite a bit of
business with the dealer, sit down and determine what kind of a
constant markup he will give you, then you will always know how much
over the spot price of gold you will have to pay. I learned the
following from Jean, and still haven't found the reason for the
behavior. If the gold is 99.99% pure, when heating it on a charcoal
block, after it cools, it will be perfectly shiney and just as it
solidifies, it will create a 'hole' in the top. It will 'suck' in on
the top and there will be a depression. Don't know why but it has
never failed. I do it on every coin I melt just to make sure its
pure.
-randy
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