Saturday, May 23, 2009

Silver Nuggets

Silver nuggets are rare but can still be found when prospecting, usually for gold.

Silver nuggets are wriggly bits of silver prospectors may find on the surface when panning in streams or rocky outcrops. Also by metal detection. As in gold nuggets, silver nuggets are found on the surface rather than underground or open face mining. They are rare as most silver is found underground and usually combined with sulfur, arsenic and other nasties. Also in various ores such as argentite and chlorargyrite.
In May 2000 a giant silver nugget, weighing in at 165 kilograms, was discovered at the Elizabeth Hill mine near Karratha in the Pilbarra Region in Australia. This is thought to be the largest silver nugget discovered in Australia.

Silver nuggets are also lumps of silver used to create necklaces, bracelets, earrings and other ornaments. These nuggets are not those found in the ground but small pieces of silver designed for this purpose.

There is also a silver coin from Australia sometimes called the silver nugget but we don’t mean that. Silver nuggets is also a term used for silver used in the jewelery business for the creation of necklaces, earrings, pendants and so forth but we don't mean that either.

Silver nuggets are so rare though that it would be a good idea and easier to collect silver coins such as the early US silver dollars or, American silver Eagles, Morgans or Canadian Silver Maple Leaf coins and silver rounds.

Silver rounds are still easily obtainable despite the shortage of silver and can be purchased from most reputable dealers, and are usually available in one ounce coins. Most of the popular coins are 99.9 percent pure silver and, when it comers to investment in silver bullion, it is recommended to stick to silver rounds if possible as these have a low premium.

Silver nuggets can occasionally be found at eBay and other auctions as well as precious metal dealers, sometimes they can be found advertised in auctions such as eBay and other precious metal auctions. Here one needs to take care that the seller is genuine and that the product is as described. Silver nuggets are rare enough that one needs to do some due diligence before buying silver nuggets sight unseen at auctions.

If you are fortunate to come across a genuine silver nugget in your research and travels through the precious metal world it is likely you will have a interesting time with your collection and will have something interesting to show your friends.

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