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Old October 20th 03, 08:30 AM
pochino
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In article ,
Peter W. Rowe pwrowe@ixDOTnetcomDOTcom wrote:
[...] Compared to the labor costs in making jewelry the cost of the gold
in custom work is often less than the cost of the time that goes into the
job. That, and the costs of doing business, which NEEDS to include
markups on materials supplied, overhead costs of running the workshop,
and all the rest. If you think your goldsmith is spending no money, and
needing no wages, to just wait until you come in, and can then charge you
just a nominal fee to use your gold to make a ring, you're dreaming.


Well said, Peitro.

People just don't stay in business that way, even the part time artists
working from their basement shop on weekends. If you let the goldsmith
supply the needed materials, and charge you a proper price, you'll end
up getting a better value in the long run.


I tend to agree. I'd imagine that the Kuggerand coins are probably worth
more as coins than as a gold source for jewellery.

Brian
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