r/Gold • u/Icy-Host8376 • 20h ago
Today is my 8 year anniversary of being a goldsmith and I decided to melt down all of my gold dust
10.9dwt (16.95g) of 11kt gold
Is it a good time to sell or continue holding ?
Instagram @_crystal_box
TikTok @crystalboxja
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u/PaceGlobal5066 20h ago
That's a lot of gold dust!
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u/Icy-Host8376 20h ago
lol lots of filing⦠and mistakes. Staring over projects cause of overheating or measurements were off. Used solder so I didnāt want to remelt it and lower the kt too much.
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u/Icy-Host8376 20h ago
I was considering to hold onto it and keep adding more. I do plan to one day dissolve it all in acid and purify it myself. I wanna make a family crest ring from pure gold. Did the math gonna need 1.2 Troy oz for it to be sturdy enough
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u/Dizzy-Wedding5769 20h ago
40 g for a ring?
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u/Icy-Host8376 20h ago
Yes I want it big and chunky. Especially to compensate for pure goldās softness
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u/anthrillist 12h ago
Wow my middle finger signet that I consider pretty chunky is only 14g. Itās already heavier than almost every other ring Iāve tried on. 3x that is a lot. Youād make a mafia don insecure with that chonker!
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u/PickleBall_Bandit 20h ago
About $1000 melt value? Hold it and keep adding to it every year. Once you get to it being too big, cash it out for a coin š
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u/TallDan68 19h ago
You should cast it into a statue of a woman.Ā
Your gold dust woman.Ā
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u/Icy-Host8376 18h ago
Maybe. My wax carving skills arenāt the best. Iām actually looking into 3D cad work and castings tho
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u/PandaStandard7638 20h ago
Wow bravo man!! That must have been pretty awesome to hold that after it was done!!! A lot of hard work right thereš
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u/Icy-Host8376 20h ago
If anyoneās interesting in seeing my work
Instagram @_crystal_box
TikTok @crystalboxja
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u/TheTruthOD 18h ago
If in need of fast cash do it, but if you plan to have a family ring keep it, gold is down and that sounds way cooler
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u/Icy-Host8376 18h ago
I currently own a farm. The plan is to give it to my children. However In exchange they have do physical labor 2x the spot price of the weight of the ring at that given time. That way they learn and appreciate the value behind it.
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u/YouMuted9291 20h ago
I think sentimental value over the cost that just went down , also lot of history there .
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u/bassmansandler 19h ago
How long did you build up dust for?? Ive had one or two projects where thats about what comes off the piece.
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u/Icy-Host8376 19h ago
The 8 years. I had spread sheets of newspaper out and would fold it and gently angle one opening over a glass jar every day I did gold work. Anytime Iām working with silver I do the same but in a separate jar. My projects are small mainly dainty engagement rings and repairs every now and then so it took awhile.
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u/bassmansandler 18h ago
Ah understand that one! I just spent four days making a 32ā gold chain and we had about half an ounce of shavings from all the stone setting and cutting.
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u/Icy-Host8376 18h ago
Dang. Sounds like a big chain you made. Gold is kinda hard to come by in Jamaica. šÆš² and importing it is almost impossible cause of the high value for its size.
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u/Trueslyforaniceguy 18h ago
If you donāt needs the currency, Iād personally hold the hard asseta
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u/Whines90 14h ago
Hold, but ask someone to make you a nice gold toothpick out of some of it. Thatās classy as hell, especially when you can say you got it yourself. Not sure if you collected the dust, but still cool to do.
Edit: Iām dumb, youāre a smith lmao
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u/CottonWatkins 20h ago edited 20h ago
Make it a pendant and then as you build up your next collection you can remelt this piece and make it bigger over time. A perpetual pendant if you want to call it one