World Largest Gold Nugget
Thursday, September 17, 2009
Ever wondered what is the largest gold nugget ever found?
The world’s largest gold nugget, discovered in 1869 is commonly known as the ‘Welcome Stranger’.
Meaning 610mm x 310mm it weighed some 72KG (2315.5 troy ounces) and was eventually refined to a weight of 2283 ounces – Raw gold from the earth consists of around 22 carat purity. Refining the gold into pure 24 carat removes the excess imperfect alloy make-up.
The nugget was discovered near the historical town of Moliagul, in the Australian territory of Victoria. At the time of the discovery, by John Deason and Richard Oates both gold miners originating from Cornwall, England, the nugget which lay just a few inches below the surface of the earth in loose soil - was valued at just over £9000, a considerable fortune in the late nineteen century.
Should a similar find be discovered today, the nugget would be worth around £1.4 million!
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