Step 8: Update: Selling your Gold
I couldn't stand to part with all my hard won gold. I kept some for the souvenir value and as a reminder of all the neat places I had gone and all the hard work I put in to mine it. The rest I carefully weighed up. It came to 6.1 grams of nuggets, flakes and dust. I sealed it in a new plastic vial and wrote up a little description of the contents. Then I consigned it to the auction house.
Just before the auction, the price of gold shot back up to about $900 per ounce. I was thrilled. The vial of gold sold for $150 at the auction. a little below market price, but then again, it wasn't pure gold. It was raw, unrefined gold with impurities.
The auctioneer takes a percentage off the top. This varies from auction house to auction house. You may want to shop around for the best deal if you go the auction rout for selling your gold. However, not all auction houses may get a crowd that that is interested in buying gold nuggets. I went with an auctioneer that regularly sells gold, and has a regular crowd of gold buyers, even though the auctioneer's fee was not the lowest around.
In the future, I may try selling my largest nuggets separately on eBay. Nuggets seem to go for a premium price there. Then I'll sell the rest of the flakes and dust at auction.
Now that I am making money at this, I guess I have lost my amateur status. Now I can call myself a professional gold miner. I can't wait to get out and find more gold.