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- 2 Kg Nugget Valued $160,000 Found With Metal Detector

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- Gold Nuggets

- Largest Gold Nugget in Russia

- Guide to Find Gold

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Places to Sell Gold Nuggets

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by Goldminingtips Admin

If you are someone who is prospecting for gold and are lucky enough to find a rich gold deposit and discover gold nuggets, you can decide what you want to do with the nugget/s.

Some prospectors may hold on to the precious metal to keep as a souvenir, while other prospectors / miners can wait for gold prices to increase before deciding to sell it, and other prospectors / miners may decide to sell their gold nuggets immediately once they have discovered a nugget.

However, if you are a beginner prospector, you may be wondering where you can sell your gold nuggets when (or if) you find any.

In this post, we provide some places where you can try to sell your gold nuggets.

Where to Sell Gold Nuggets:

Before selling gold nuggets, check if there are any regulations / rules in the country you want to find a buyer that may impose restrictions on the sale of gold.

Assuming you can sell the gold nuggets you have discovered, these are some places where you can sell them:

Local Precious Metal Buyers: These dealers specialize in buying gold and other precious metals. They often offer competitive prices and can provide immediate cash payments.

Pawn Shops: While not always the best option for getting the highest prices, pawn shops can be a quick way to sell gold nuggets.

Refineries: Gold refineries buy gold nuggets and refine them into pure gold. They usually offer a fair market price.

Online Buyers: There are several online platforms where you can sell gold nuggets. Make sure to choose reputable sites with good reviews.

Auctions: Some auction houses specialize in precious metals and can help you sell gold nuggets to collectors or investors. (Bonham's video)

Accurate Precious Metals: Known for competitive buy prices and transparency, they also offer remote purchasing options.

It's always a good idea to get multiple quotes and compare prices before selling your gold nuggets to ensure you get the best deal.

If you have found a unique and / or large gold nugget, it would not be uncommon if you managed to attract a collector whp would be willing to pay more than the value of the actual gold contained in the nugget.

If you want to learn more about gold nuggets, download our FREE Gold Nuggets FAQs.

Listen to our Podcast:

- Largest Gold Nugget in Russia

Here are more posts you may interest you:

- Gold Nuggets

- 2 Kg Nugget Valued $160,000 Found With Metal Detector

- Guide to Find Gold

2Kg Nugget valued over $160,000 Discovered Using a Metal Detector

by Goldminingtips Admin

In June 2019, a retired prospector, who decided to remain anonymous, found a large gold nugget while using a Minelab metal detector.

The nugget is far from being the largest gold nugget, but nonetheless it weighed 2 kilograms (or 63 ounces).

The nugget was unearthed near Ballarat, Australia.

'You Wouldn't Believe It' Nugget

The nugget, which was named "You Wouldn’t Believe It," would be worth over US$160,000 at the current gold price.

This is the value of the gold alone, but collectors who are interested in acquiring a unique, large nugget of this nature may be willing to pay a higher price.

Key Facts about the discovery:

Location: Old pasture land within 150 kilometers of Ballarat, Victoria, Australia.

The exact location is being kept secret by the finder.

Date: June 2019

Finder: Anonymous Australian pensioner.

Equipment Used: Minelab GPX45000 metal detector with an upgraded, more sensitive coil.

Nugget Weight: 2 kilograms (63 ounces)

Estimated Value (Nov. 2024):

- US$166,665.24🇺🇸

- GBP: £131,709.69🇬🇧

There is potential for higher offers from collectors of nuggets.

Current Status: The final sale price and current ownership of the nugget were not reported in the provided sources.

The Store Where the Metal Detectors was Bought

Mark Day, the person who operated the store where the metal detector was purchased, stated:

"History tells us that big finds like this have happened in this area before, and even though they’ve been digging gold in this region for 150 years, it’s still out there.”

The role of the modern technology used in the metal detector cannot be understated in making the discovery. Advanced metal detectors play a key role in modern prospecting, enabling discoveries that might have been missed in the past.

Secrecy and anonymity: The finder's desire to remain anonymous and keep the location secret highlights the risks associated with valuable discoveries, including potential theft or unwanted attention.

Collector's value: The nugget's unique character and rarity are attracting interest from collectors willing to pay a premium above the base gold value.

As Mark Day noted:

"People collect nuggets, they don’t want them melted down,” and this nugget, “has real character to it."

More Comments about the Nugget:

Mark Day, describing the finder's reaction:

“When he showed me the nugget here in the store he was shaking like a leaf. He didn’t know what to do with it. He hadn’t slept in three days."

Mark Day, on the possibility of further discoveries:

“He certainly thinks there’s more gold out there. And after this, who can say he’s wrong?”

If you are interested in learning more about good metal detectors designed to find gold nuggets follow the links:

- GPX 6000 All Gold Detector for Adults with 11” Monoloop & 14” Double-D Waterproof Coils (Wireless Headphones Included)

- GPZ 7000 All Terrain Gold Metal Detector

- CTX 3030 Metal Detector

- Gold Monster 1000 Professional Metal Detector

Check out our channels here:

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Gold Nugget FAQs

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by Goldminingtips Admin

What is a gold nugget?

A gold nugget is a naturally occurring piece of native gold. They are formed deep underground at high temperatures and are brought to the surface through weathering and erosion.

Nuggets are often found in placers, which are deposits of sand and gravel where gold has been concentrated by the action of water.

What is the largest gold nugget ever found?

The largest gold nugget ever found is the Welcome Stranger, which was discovered in Moliagul, Victoria, Australia in 1869.

It weighed over 2,520 troy ounces (78 kg; 173 lb) and yielded over 2,284 troy ounces (71.0 kg; 156.6 lb) of pure gold. Unfortunately, like many large nuggets, it was melted down.

What is the largest surviving gold nugget?

The largest surviving gold nugget is the Canaã nugget, also known as the Pepita Canaã.

It was found in the Serra Pelada Mine in Brazil in 1983 and weighs 60.8 kilograms (134.1 lb), containing 52.3 kilograms of pure gold. It is currently on display at the Banco Central Museum in Brasília.

Are gold nuggets pure gold?

Gold nuggets are not 100% pure gold. They typically range in purity from 20.5 to 22 karat (83% to 92% gold).

The most common impurities are silver and copper. Nuggets with a high silver content are known as electrum.

Where are gold nuggets found?

Gold nuggets have been found all over the world, but some of the most famous locations include Australia, Brazil, the United States, and Russia. Australia, in particular, has produced some of the largest and most significant gold nuggets in history.

How are gold nuggets found?

Gold nuggets can be found through a variety of methods, including:

Placer mining: This involves using water to separate gold from sand and gravel.

Metal detecting: Metal detectors can be used to locate nuggets buried beneath the surface.

Prospecting: This involves searching for signs of gold in the landscape, such as quartz veins or alluvial deposits.

What is the "Hand of Faith"?

The Hand of Faith is a famous gold nugget that was discovered in Wedderburn, Victoria, Australia in 1980. It is notable for being the largest gold nugget found using a metal detector.

Weighing 875 troy ounces (27.2 kg), it is shaped roughly like a hand, hence its name. It is currently on display at the Golden Nugget Casino in Las Vegas.

What happened to the Welcome Nugget?

The Welcome Nugget was the second largest gold nugget ever discovered, weighing 2,217 troy ounces (68.98 kg).

It was found in Ballarat, Victoria, Australia in 1858. Sadly, this nugget was sold and ultimately melted down by the Royal Mint in London to make gold sovereigns.

Models of the Welcome Nugget are on display in various museums, including the Museum of Victoria and the Powerhouse Museum in Sydney.

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Gold Nugget FAQs

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Russia’s Giant Gold Treasure: The Story of "The Great Triangle" Nugget

by Goldminingtips Admin

Largest Gold Nugget in Russia - The Great Triangle

Russia’s Giant Gold Treasure: The Story of "The Great Triangle" Nugget

(Largest Gold Nugget Ever Found in Russia)

"Russia’s largest gold nugget, ‘The Great Triangle’ (36.2 kg), was found in 1842 in the Ural Mountains. Valued at $3.5 million today, it’s displayed at Moscow’s Kremlin Diamond Fund."

Key Details:

| Attribute | Detail |

|------------------------------------------------|

| Weight | 36.2 kg (32.94 kg pure gold) • 1,059 troy ounces |

| Current Value | ≈ $3,508,234 USD (Based on 2025 gold prices - $3312 per ounce) |

| Discovery | 1842 • Tsar-Alexander Mine • Miass River (Ural Mountains) |

| Depth Found | 3.5 meters |

| Size | 27.5 x 31 cm • Triangular • 8 cm thick |

| Current Location | Diamond Fund Collection, The Kremlin, Moscow • Public display |

| Unique Status | World’s 2nd largest preserved nugget • National Treasure of Russia |

Why This Nugget Matters

✅ Historical Significance:

> Symbolizes Russia’s 19th-century gold rush in the mineral-rich Urals.

✅ Geological Rarity:

> "Rock crystal gold" structure reveals ancient Ural Mountain formation secrets.

✅ Cultural Icon:

> Named for its shape • Showcased beside Russia’s crown jewels as a national symbol.

Did You Know?

❓ Why wasn’t it melted down?

> Tsarist law preserved large nuggets as state property—saving it for history.

❓ How does it compare globally?

> Smaller than Australia’s “Welcome Stranger” (72 kg) but more intact.

How much is Russia’s largest gold nugget worth?

[Answer here]

FAQs

❓ “Where is the Great Triangle gold nugget located today?”

→ The nugget has been displayed in the Kremlin’s ‘Unique Gold Nuggets’ collection since 1967.
❓ “How much is Russia’s largest gold nugget worth?”

→ The Great Triangle is currently worth in the region of $3.5 million with current gold prices (June 2025 - $3312 per ounce).

3.❓ “How big is the Great Triangle compared to other gold nuggets?”

→ The Great Triangle is the second largest gold nugget ever recorded containing an estimated 1059 ounces of gold.

4.❓ “Can you visit the Great Triangle nugget in Moscow?”

→ Yes, you can visit the Diamond Fund Collection, The Kremlin, Moscow, to see the Great Triangle nugget. It is part of a collection that it on display.

5.❓ “Why wasn’t the Great Triangle melted down?”

→ The nugget is the world’s 2nd largest preserved nugget, and has unique qualities. The Russian state therefore regarded it as being of historical significance and a national treasure.

6.❓ “Who found the Great Triangle nugget in 1842?”

→ The "Great Triangle" gold nugget was found in 1842 by Nikofor Syutkin

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- The Best Metal Detectors

Step by Step Guide to Finding Gold

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by Goldminingtips Admin

With gold prices increasing, prospecting for gold is a hobby that many people are turning to. It is not only a potentially profitable hobby, but is also an adventure.

However, in order to enjoy some success prospecting for gold, it is necessary to learn where you can find gold, and invest in the equipment needed to improve your chances of finding gold.

In this blog, we discuss provide some tips to remember when preparing yourself for a gold expedition:

Here are some tips to consider before starting to prospect.

Do Your Research:

First of all, if you are a beginner do some research to learn about geology normally associated with gold, and the mining techniques and equipment used. You can do research online (i.e. YouTube or read blogs), buy a book, join a course.

Preparing Yourself:

Decide where you want to explore for gold. Do some research to find out if there is a likelihood that gold is present in the area you intend to explore.

Answering the following questions shall save you time and improve your chances of finding gold:

- Has the area been mined before?

- If not, does the geology in the region suggest that gold may be present in the area?

- Do you have access to the region, and do you need to acquire the permission of a landowner before prospecting?

- Is there a source of water located near the site you intend to inspect (i.e. River, stream, etc), so you can you do some panning to sample the soil, gravel, sand, etc)?

Get the Right Equipment:

The mining equipment you shall need to get shall depend on the type of gold mining you are going to do:

Popular methods of searching for gold for small scale mining in include:

- Metal Detecting;

- Dredging (underwater);

- Panning;

- Sluicing.

Also, check out the following sources:

- Geological Settings Associated with Gold

- The Largest Gold Nuggets

When you are ready, these are other ways we can help you:

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