eBay 4.4 lbs gold fingers lot sold for $454.50. Why?!

Originally Posted by directrecycle

Thats actually not to far off. Fingers that are solid ( no large gaps) and double sided I am currently receiving 100 dollars a pound for. Expected average recovery is said to be approx 3 grams per pound. Gold is 56.04 per gram X 3 (grams recovered per pound) = 168.12 x 4.4 pounds = 739.72. Not counting the cost of chemicals thats a 285 dollar profit

Also not factoring in the cost of overhead, equipment, insurance, labor, taxes, waste disposal.... lets not put smoke in mirrors here and give people disillusion thoughts about how "easy" this money is. I'd hate to see someone jump on the recovery bandwagon without the proper equipment because of a "$285" profit.

If you are going to give everyone the "market" value let them know the true costs of doing business.