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Vault 1: Gold Buyers
Vault 1: Gold Buyers can be found here:

http://www.ooklnet.com/web/read_more/280711/Vault+1%3A+Gold+Buyers

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Old Treasury Building
Old Treasury Building,
Spring Street
Melbourne, VIC
3000
Australia

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Vault 1: Gold Buyers

Anyone could set themselves up as a Gold Dealer. Banks would appear on the gold fields offering cash for gold or gold dust while shop owners would set themselves up to exchange goods for gold or gold dust. If the buyer was cunning, they would make a tidy profit in the deal.

Each buyer would have their own system for making profit. One way was to weigh the parcels separately (the excuse being that the weight would be too much for the scales) and make a mistake in the addition, usually losing at least half an ounce. On one occasion, out of seven pounds weight, a party once lost an ounce and three-quarters in this manner.

Another way was to add a piece of glass or wet sponge under green felt to the pan which held the weights. This would mean the customer was only paid the value of the weights, while the buyer would keep the gold which weighed the same as the weights and the glass or sponge.

Techniques for selling gold dust were even odder. Buyers would grow long fingernails and under the guise of examining the dust, they would collect some under their nails and then weigh it. In another system, the buyer would place the gold dust in a pan which had been rubbed with grease. They would shake and rub the dust so it would adhere to the side of the pan. It would then be weighed, leaving the dust caught to the sides out of any calculations.

Did you know?
Stores on the gold fields would sell goods such as sugar candy, anchovies, pickles, ale, ankle boots, ladies pair of stays, babies caps and cradles. Mining equipment would be available too, including picks or shovels.
See trails with this object:
Anyone could set themselves up as a Gold Dealer. Banks would appear on the gold fields offering cash for gold or gold dust while shop owners would set themselves up to exchange goods for gold or gold dust. If the buyer was cunning, they would make a tidy profit in the deal.
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