Gold Nugget PicGold nuggets can be found all over the world and in the U.S. in such places as Australia, Africa, Russia, Bolivia and Canada.  In the U.S. gold nuggets are generally found in the states of Alaska, California and Oregon. Gold nuggets are becoming more rare and difficult to locate.

Gold nuggets are quite rare as they are only found above ground, not in mines, which is where most gold these days is extracted from. Many of the best finds are being made by individual prospectors and metal detector operators.  Believe it or not, a five carat diamond is easier to locate than a one oz. gold nugget.

Gold nuggets are considered to be gemstones and are more rare than gold dust. Most of the bullion that is traded in the market is made into coins from melted gold dust. These nuggets now primarily come from Western Australia, Northern California, and Gilmore Creek in Alaska. They are classified as large, medium, or small according to their weights.

Here Are Some Great Deals On Gold Nuggets
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0.2756 Gram Alaska Natural Gold Nugget  ---  (#02457)
0.2756 Gram Alaska Natural Gold Nugget --- (#02457)
$21.00
Time Remaining: 1h 24m
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0.3955 Gram Alaska Natural Gold Nugget  ---  (#09869)
0.3955 Gram Alaska Natural Gold Nugget --- (#09869)
$26.00
Time Remaining: 2h 24m
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0.6296 Gram Alaska Natural Gold Nugget  ---  (#06189)
0.6296 Gram Alaska Natural Gold Nugget --- (#06189)
$40.00
Time Remaining: 3h 24m
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Rare Historic 3.8g California Coloma Gold Rush Nugget (The Galaxy Vader ShipV)
Rare Historic 3.8g California Coloma Gold Rush Nugget (The Galaxy Vader ShipV)
$379.99
Time Remaining: 3h 31m
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0.4447 Gram Alaska Natural Gold Nugget  ---  (#06176)
0.4447 Gram Alaska Natural Gold Nugget --- (#06176)
$30.00
Time Remaining: 4h 24m
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 GOLD NUGGET 0.26 GRAMS (AUSTRALIAN NATURAL)
GOLD NUGGET 0.26 GRAMS (AUSTRALIAN NATURAL)
$7.58 (1 Bid)
Time Remaining: 5h 14m

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Large are up to one troy ounce in weight, and medium are from five grams to one-half a troy ounce. A nugget weighing more than an ounce is quite rare. The largest gold nugget on public display is The Hand of Faith, which weighs 75 troy ounces (about 61 pounds and 11 ounces). This huge nugget of gold was discovered in 1980, in Wedderburn, Victoria, Australia. Amazingly, the nugget was found only six inches below the surface and was standing in a vertical position!

Gold nuggets are believed to be formed by the precipitation of gold by chemical solutions that rise from deep and diffused gold deposits in the earth to the surface. All the gold on the surface of the earth has probably been found. A lot of what lies just below the surface is also out. That leaves a very small precious store of gold nuggets still in mother earth's possession.

Gold nuggets can be found in a variety of sizes, colors and textures. This is the unique distinction of nuggets and part of the mystery and romance of ownership. Gold nuggets are some of the finest alluvial and placer specimens in the world. Each gold nugget is unique and has its own character.

Gold nuggets typically sell for a higher price than the gold spot price because they are considered gem stones and are more rare than gold dust. Most of the bullion that is traded on the stock market is made from gold dust melted down to form coins; 98% of the worlds gold is in gold dust form and not gold nuggets.

Gold nuggets are an excellent buy and usually increase in value, not just because of the gold but because of the history and romance attached to them. Gold nuggets are available from gold dealers and mints such as the Perth Mint in sizes ranging from 1 gram up to about 10 ounces or more. But it is rare, although possible, to find any gold nuggets over 14 ounces. Most are in the 1 ounce or smaller variety.

Gold nuggets are valued based on their size, as well as purity, character, and origin, so the listing of accurate weights and measurements are crucial. Intentionally vague or misleading pictures and weights are an indication that you are gold nugget shopping in the wrong neighborhood. Blown up pictures, listings in grains instead of grams, and pictures next to a ruler that don't show whether the ruler is showing inches or centimeters are all common methods used to separate fools from their money.