Cubfan64
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- Feb 13, 2006
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If this is a bad subject I'll just quit talking about it. Sometimes (often <g) I'm prone to dissecting something to death.
I understand completely the need to convert raw product to cash. I can relate to Holmes' need to do that in this case. I'm not questioning that aspect of the story.
Its the thought process and selection of what to keep and what to sell that went into that decision I'm having a hard time reconciling.
After selecting that portion Holmes wanted to keep for his personal use, he sold the hoard to Goldman. Apparently at gold bearing weight value.
Weight is weight........Just using 20 ounces as an example for discussion.......20 ounces saved is 20 ounces not sold regardless of which pieces make up 20 ounces. Its the selection of the pieces saved and not sold I'm having a hard time with. If the matchbox specimen was one of the larger pieces in the hoard Holmes could have hit it with a hammer to break it into smaller pieces if he was looking to maximize the weight value sold and still keep enough to make small jewelry items like a stick pin or a ring setting. Where am I missing the point here?
Old - a couple things...
1) First off, shortly before this post you mentioned that Hermann Petrasch is/was a secondary source. I've asked more than a few times and did as much digging as I could, but have never been able to prove beyond a shadow of a doubt that Hermann ever met Jacob Waltz, except for his own claim that he did. I've always felt there is a good chance they met because (and I can't find Waltz's obituary right now to confirm) I thought the obituary mentioned that Waltz was buried in a Petrasch plot next to George. For the family to have had a plot in PHX to bury George at the age of 13 and purchase another plot next to him, it seems like more of the family had to have been in the area than just Rhiney. Nevertheless, unless there is documented evidence that Hermann was there, I have to accept the fact that he is a third hand source and not second hand.
2) I'm confused by your confusion over the selling of gold ore (that's a mouthful I know). I really know nothing about how gold was sold back then so hopefully someone can correct me. I assume that placer gold in dust, flake or nugget form was sold by mass after determining how rich the gold content was. There is no gangue to speak off in these forms of gold. When it comes to ore samples however, I don't have the slightest idea how a merchant determines what to pay for a gold ore sample. For example I could take a fist size chunk of quartz laced with gold and break it into 20 pieces with a hammer - the one thing I can guarantee you is that the mass of gold in each chunk is not going to be equal - so how does one go about deciding what to pay for it? The best I could imagine is two scenarios - either an assay has to be done on a representative sample of the ore (don't ask me how you do that if you don't have a lot of ore to sell) and the buyer/seller agree to the value of what's to be sold - or - some of the "best" or "most visually appealing" ore is sold by the old "how much will you offer me, how much do you want for it" haggling with the express purpose that those pieces would be sold exclusively for making jewelry or other appealing items worth much more than the base gold containing value.
So with that said, it doesn't seem too strange for me for someone to keep some of the largest and most visually appealing pieces to possibly be sold at a later time or for them to perhaps have a piece made for themselves.
I don't follow what you mean here...
- can you elaborate on what you mean? How do you maximize the weight value by breaking it into smaller pieces?Holmes could have hit it with a hammer to break it into smaller pieces if he was looking to maximize the weight value sold