Gold is too soft and you can't make jewelry out of 100 prent gold so they add other metals to help it keep its shape. I know 24k jewelry is out there what I meant to say was that it will ding easily from day to day use. Speaking from personal experience.
Well, that means that half of that bar is PURE gold. You can separate the gold from the other metals, so it’s not a problem. Take a moment to realize what you guys have typed, versus what I said… y’all are so random (referring to all the people trying to “correct” me).
@@Vernors they potentially could but if they are reforging into new jeweler pieces they likely would only clean it up enough to get verified grading because they still need it hard enough to work.
@@wodenbyers2793 I mean "cleaning" gold as in converting stolen gold, by calling it "scrap" gold, melting it down, never to resemble those stolen items again. Voila! A gold bar....no questions asked.
I have been mugged not too long ago. I just wana say f off to the resaler for this stuff: you are making profit over other people property and giving away money that goes into the drug business: shame on you.
Screw grams heirlooms, bro just melted $100,000 USD, most he could sell that bar for is 190~ish maybe 200 if he's friends with the buyer. Grams was a fukpotato for thinking that trash was valuable in the first place.
Roll Call - less than 30 Classical and Hellenistic Greek bronze statues still exist. Bronze was more valuable by making weapons. As precious metals have become tied to the economy and becoming increasingly valuable in high-tech manufacturing we see less value in creating future artifacts. The decision against commissioning new crowns for the coronation of king and queen consort is a perfect example.
I can’t help but think of all the stories attached to each necklace, bracelet and ring. The events these people attended wearing them. The occasions. The smiles when they were gifted the pieces….Then the reasons why they sold such special pieces. Lots of emotions for sure.
@@redactedvamp7031but what if the universe didnt want it to be reply-less and commanded this unknowing peasant into achieving its will be making it un-reply-less?
Well, a lot of them have engravings that can be used to identify ownership. Obviously people who financially benefit from crime and poverty don't want to get in trouble for doing what everyone else in the business does.
@ryelor123 MFer, you don't know jack sh!t about the law when it comes to this stuff. You have to document and upload every piece to Leads Online or a site for law enforcement to view the items. You have to back up that documentation in a bound ledger book. Then, you have to hold it for 10 days before it's melted. If you don't, they take your business license and you can be charged with a felony. Yes you get stolen items. The important thing as a cash for gold or pawn shop owner is to document it and create the paper trail for the cops to follow. If you don't buy it, someone else will. At least at a shop, the cops have a chance to get the thief.
Hearing "5500 penny weight" as a European is hilarious ngl 😂 like no matter how much I learn about the imperial system, I always discover a new obscure unit I had never heard of before!
Why? It's what Europe used to use. A Pennyweight is equivalent to a Penny/Pence/Pfenny/Deniers/Denarii. Traditional coinage was based off of weight relative to a pound (tower/troy pound, also known as a roman pound or 12 oz/~340g). A pound was 240 "pennies" of weight of silver, which is how all coinage worked until you start debasement due to silver shortages and the need for more coinage in society. All units of weight were ultimately based off how heavy it was relative to a pound of silver. 5500 pennyweight would be the same as 5500 pennies of silver, or 458.3 shillings, or 22.92 pounds of silver. That alone is about half the annual gross income of the estate of a landed knight in Britain in the 13th/14th century. Given that this is 5500 pennies of gold by comparison rather than silver, you're looking at a value of around 1833.6 pounds of silver during the middle ages.
He said it was ~ 55.8% purity. For context: 99% purity = 24 karat 58% purity = 14 karat 1g 24 karat = ~ $60 1g 14 karat = ~ $35 The final bar weighed about 8,592g 8,592 x 30 = ~ $257,760
Borax is laundry detergent, not a "special chemical". It's properties when heated prevent the addition of oxygen and nitrogen to the heated base metal, preventing scale buildup and the inhibition of forge welding. Gold is a precious metal, and outside of very extreme circumstances, does not react with Oxygen or Nitrogen, and so does not form scale. Adding Borax to "Gold" would only be necessary if it wasn't actual gold, and if you were trying to stick two pieces of it together. Seal your crucible inside a container and flood the container with Argon gas before applying magnetic induction if you're worried about Oxidization. But, if you're an actual gold smith, you aren't worried about oxidization because you already know gold doesn't oxidize.
Borax acts as a flux, so it does pull impurities off the surface, it's not particularly special, but I think you need the chemical, not the laundry detergent. That said, melting down all the gold for resale isn't a great idea as most companies pay for gold only, but they'll refine the silver and PGMs out and keep that as profit. You can refine it with some silver to inquart, nitric, sulphuric and hydrochloric acids to pull the silver and PGMs out and some SMB to precipitate the gold from the chloro-auric acid. And for that amount of gold, a big damned set of beakers and a fume hood. When you melt down the resulting gold sponge, you don't need to worry about argon or anything (silver though, you would).
@@kmikl I dabble in Blacksmithing so I'm quite familiar with its application as a flux, but Borax is the shorthand for Sodium Borate, and thats all thats in Borax detergent. You can shake it right out of the box onto your workpiece. My point was, if OP was actually refining Gold and not "gold" there wouldn't be any impurities to remove because gold will not chemically bond with gaseous elements except in extremely specific circumstances. Props for explaining the chemical refinement process for goldsponge though - Cody's Lab did a great episode demonstrating that exact process. While it was very time consuming and expensive for someone who doesn't already have the reagents, he did get gold, silver, and platinum out of it if I recall. Great episode.
And a few pieces of silver, blend right in. Turn silver to gold. No brainer. No evidence other then its alittle light. Dont get greedy 58.9 could be rounded up to 65 or so. In calculus math devided by regular math. Does brass mix? Just wondering
inquart it with some silver and use nitric to refine the gold to 99.9... probably get a better price once they are separated & you can sell both for a profit instead of taking a loss...
Americans? Pennyweight is used by anyone in the precious metals business, jackass. Needlessly hating on Americans for something that isn’t exclusively used by them. Just gets funnier and funnier.
People calling Americans “slow” when we can comfortably change between weights and measures based off different bases, everyone else needs the ease of dividing/multiplying by 10 to make sure they get it right. Yeah, sure, keep on thinking WE are the “slow” ones. 🤣😂🤣
When you let people into your house to perform a service, you are taking a chance of getting robbed. If you have family gatherings at your home, people will grab a chain, ring, for a quick buck. This video proves my point
If you don’t sort jewelry from scrap, then you turn a $500 bracelet into a $100 ingot. I don’t think that the sorting here was performed. Value was sacrificed. Value was lost. Money was forfeited.
You're absolutely correct. People keep saying "OH but it's this percentage pure and so its 14k!" They don't seem to realize that 14k gold is a specific alloy, not a mush of 30 different metals.
Because most of this gold was likely bought from crackheads that stole it. They don't want a criminal complaint filed against them because someone id'ed their stolen property, so they just melt it fast to make any evidence of them fencing stolen goods dissapear.
@@Washo1903 it didn't happen. This is all stolen jewelry. Thats why they melted it down. It's clear as day when he dumps it into the crucible that there's still jewelry in it. Mainly gold necklaces.
@@Washo1903 You literally see green gems early on. Either not itemizing well enough or those were plastic, which, even with a borax run, is stupid to do.
Petty, impractical and typically narcistic prizes to wear for others to see.. Unless stolen, not sentimental enough as the cash was deemed more important. Whos to say you wouldn't be sentimental with your giant gold alloy bar?!?
@@mandelorean6243You're taking the way of mandelorean role play a little too far, next your gonna be talking about the value of beskar, go outside watch the suns rise.
Bear with me for a moment, isn't it's better to use electrolysis method so he can get better purity percentage? Or he just gonna sold it in gold bar to the one who gonna refine it?
Im close to people who work the industry it’s not a secret are there plenty of secrets to the gold trade and creation of jewelry yes absolutely but an alloy is basic gold in the USA 10 is about 40-42% depending on the manufacturer 14 is 56-60 and 18 is 74- 78 most the time it is on the lower end and when weighing it up usually I lean toward that lower end because the purity isn’t exactly those ranges if you get Mexican forged gold it’s usually about a karat below sometimes more and it’s junk stuff tbh. Usually searching the markings and manufacturers stamp you can find where it came from.
The purity is 55% because most jewelry is not 100 pure. The karats represent how pure it is in a fraction of 24. So 24 karat is 100% pure. A majority of the jewelry was likely 12k with some higher mixed in. Gold jewelry is typically made with copper, platinum, and silver.
but no one is going to read this comment because nobody likes being proven wrong. all these nuckleheads are going to the comments that say "he melted all of me nans jewelry" or the ones saying he stole that jewelry. they support comments that make fun of his 55.8% gold bar without realizing that most of gold jewelry is around that percent. absolute idiots people are, thinking they know more than a pro.
@chris mills that guy really sucks at explaining things. Actually about 22.2% is silver, and 22.2% is copper in many cases. But there are many ways to alloy, less silver gives you rose gold, less copper and some palladium (spelling) or nickle gives white gold. And there are others for different uses. Some even use iron or steel.
@@purplecrayonismine2585 Nope, some styles is extremely hard to copy. And, that's how antique pieces are identified. A skilled goldsmith that has studied artisan jewelry can easily spot a forged piece, and the chemical components of the gold can be analyzed in a lab, telling us where it was mined, and many times also the age of the piece due to different parts of other metals mixed in. As one example, rose gold is a mix of gold and copper.
@ste s That is true too. I just find it wasteful and sad if something really unique & valuable gets destroyed instead of being preserved. Like a LOT of Tiffany's original works.
27:40 There was a game based off of Rise of Nations called Rise of Legends. Basically had a magic faction themed after arabian culture, a steampunk/clockwork faction themed after da vinci designs and then a third faction which were ancient ruins animated by the old alien species that made them iirc. Cool aesthetics really.
@@evanturner1678 Did you see the receipts? Those gold items have been destroyed and had all the stones removed. The hard work and design put in by the jewelers has been lost forever. The items were either stolen or bought at well below market price, implying exploitation.
@@angrytedtalks no. the gold items are bought by gold buyers like the guy who posted the video. Gold buyers help people who are stuck in a rough place. I know this may sound new to you, but this has been a business for hundreds of years. People buy gold at $400 an ounce and now that it's well over $2,000 an ounce, they will make a profit and the gold buyer will make a profit, too, by buying it from the person at a high percentage. If it is 14k gold, it is 58% purity and if it is 10k gold, it is 41.6% purity. The buyer will pay them according to this and everyone is happy. The jewelers who made it are paid by the hour, and frankly no not give a shit what happens to it 30 years later. The pieces they are melting are broken or old and will not sell, otherwise they would sell them in a display case.
@@evanturner1678 You are describing the pawn industry, where people are exploited for their precious items by paying them as little as possible. I am well aware that for millenia gold has been valued high for its beauty when transformed into jewellery and treated as scrap by philistines who don't appreciate the aesthetic value. When you consider how many people have contributed to the gold in that bar, it is a travesty. The problem is that much of that jewellery is stollen and sold as scrap gold for a quick few bucks, often to feed a drug habit. Where is the accountability for that?
@@evanturner1678you don’t melt good jewelry down into priceless bars… that jewelry is worth far more than the gold weight in scrap would ever bring. This shits stolen
Bro... A good bit of that wasn't scrap. I worked at a jewelry place back before the pandemic, and we'd have people tell us about this kinda stuff from other shops. We weren't a favorite for all because we straight up refused people trying to sell "scrap". We actually checked for manufacturer stamps and other things we can identify the specific piece with to verify it wasn't stolen. We didn't even keep our own legitimate scraps from resizing in the store, we would have someone from a standalone down the road come by to collect it all and mark it down for proper tracking and to prevent "loss". We only bought pieces we could clean with solution and the ultrasonic, and only when the customer themselves knows what they are selling. If someone came to me claiming a chain was 24k, my test shows it's 14k, we aren't doing the deal, even if the customer agrees it may be the lower karat. That's because that lessens the likelihood that is a thief trying to unload goods he misidentified, or it could lead to angry family members thinking we swindled them and lied about the karats to get a higher value item for less cost. Either situation was risky enough to stop allowing customers to sell self identified scrap to us well before my employ, and I believe that's still a rule at that company.
Someone has tampered with your batch 🤪 If you think you can tell if a piece is stolen from 'manufacturers stamps and other things', you need to stop right away and find a different dealer
@@jimmybeanchugger1832 lmao. Clearly you've never been a jewelery clerk who's had someone come to your shop screaming at you accusing you of accepting stolen jewelry. I have, at that store. And you know what made it an open and shut case? Our policies and procedures that ensures the FULL pieces we accepted were authenticated and proven to be owned by the person we bought it from. We didn't "assume" shit. It's the logical conclusion as a store representative when a person cannot provide the proof of purchase for an item they are trying to sell that is very high value and it's commonly understood that verification of the item is needed before it's sold. Stop being an idiot. Would you buy an invalidated piece of jewelery that the seller cannot give you the correct information for? Then why would a shop with a reputation to uphold?
He has us so much monumental wealth in his place of business I'm sure he must must must must must run every type of background check you can imagine on people that he has working for him because there's so much at stake when you think of all the diamonds in the rubies and the emeralds all the precious stones all the gold all the silver he's got to have people that he can really trust
My guess would be since he has a crucible and everything else he's probably a gold buyer but that would just be common sense of which almost no one has on here
8600g at 14k is $319.4k made a $20k profit. Could have purified with aqua Regia, lost 13% of mass, and had 7,482g left But that purified 7,482 is worth roughly $476.4k Costing himself over $157k just to avoid an extra few simple steps. But this melt method is faster and easier to make small profits off of items that could be hot before the police claim them as evidence and you are left with nothing.
ITS NOT 14k GOLD. its a gold bar. GOLD BARS ARE 99.5% pure. This guy melted gold jewelry 45% metal alloys into a gold bar. you mix gold with other metals when making jewelry for rigidity. BUT GOLD BARS DONT HAVE ALLOYS IN THEM. GOLD BARS ARE pure. This guy is a scammer.@@obi-juantacobi8552
I guess we ought to just ban people from selling 2nd hand items if they need money then eh? People aren't forced to sell to any particular buyer, if they get underquoted on value they can go elsewhere and check, if nobody quotes higher then that's the actual value of the item for resale to a vendor. Wishing you didn't have to sell something has nothing to do with the person willing to buy it ripping you off. May as well get angry over being forced to work and participate in society if you want to eat and buy things. Absolute nonsense.
Pawn shops rip people off by buying gold in penny weight. When they say your gold is 20 grams they mean penny weight which is 1.5 gram . So they take 30 grams of your gold and only pay you for 20 grams . That is theft .
@@absolutezerochill2700 // His scale is set on penny weight . He said “ this is 5500 penny weight or 8600 grams . This means that 3000 grams of this gold is stolen gold and the law doesn’t do anything about it .
@@josephjucker5620 // Gold has one ☝️ global price, it is not apple for different stores to charge different amounts . When customers want to sell their gold they are told “ it is 50 grams ,” where it actually is 75 grams . They don’t tell customers that it is penny weight and don’t explain it. 90% of the people don’t know what a penny weight is . This is like giving you $13 dollars when you are trying to break a $20.
@@drunkbee880I get what your saying, but its not like selling it for any amount less is theft. It takes work to check the purity, turn it into bars, etc, so it should definitely still sell for less than the market price
Yeah it’s sad honestly…I’ve been wearing my gold necklace around my neck since my grandparents gifted it to me in 7th grade. I have only taken it off once my entire life for an MRI. I can go entire years without thinking about it because it’s basically apart of my anatomy at this point.
@@jakeman025 if I take my chain off, it’s almost like bad luck, every year for 4 years, the clasp broke every summer. So for the last 6 I’ve never taken it off. ☠️
This guy acting like Borax "purifies" gold is hilarious; it's a relatively modern Pinoy practice that does not remove impurities as much as it does lower the boiling point of gold (or other metals) resulting in a much inferior end grade product. This screams fence work
I was wondering about that. I also was wondering what happens to any findings or mechanisms such as spring clasps etc that are usually made of steal. Maybe they went thru it all off camera? If they didn't, would the stones and other metals come out in the slag/borax?
I believe those were just green enamel because there's no way that if obviously we can tell what would look to be a green emerald that he would since he's a jeweler or at least buy the very minimum a person that buys in melts down gold he would know obviously
55.8%?? you didn't seperate the metals correctly. Thats not even 14k gold. So many different metals are in that bar. You should've let a person who knew what they were doing actually melt it down.
It’s almost 14K which is great for jewelry, you could potentially have 18k which is also good for jewelry, but anything higher than that is pretty useless cause it sucks for jewelry and may it be that that is the main use of gold
@@PyroTheAntagonist How usable/desirable it is for jewelry would I imagine also depend on the composition of that remaining ~45%, not just the karat number. Like what percentage silver, copper and maybe other metals are in there.
In India they get scam victims money$, gold, silver, Bitcoin, anything + gift card+ even your government $+Social security, phones+ Walmart with all personal info. Wake up to all the dirty deeds, and it's mind blowing.
@@gematriagoon ~Its not a laughing matter. Poverty has been around forever with Kings, Queens and Racoon thugs controlling people. The USA is worse with taxation-- Everything is taxed and taxed. Wages do not match a living wage, yet illegals get Sanctuary status w/o ever paying $.01. The homelessness, and prison 'system' is the worst of any Country world-wide.
55.8%? Thats actuallt higther than i taught, considering you only melted it without any purification process, but i gotta i say, that gold brick looks really pretty
