The cost of gold

how much would you say 1 pound of gold would be worth, i am leaning toward 10gp but would like other peoples opinions.

If I recall correctly, as per PF/3.X rules, 50 gold coins is one pound. Therefore, based solely on the weight of minted coins, a pound of gold is 50 gp.

Now, those are minted coins, not raw ore or even a bar/nugget of refined gold. You'd have to use your own judgment from there.

50 gold coins weigh one pound. It's simplest to just say that a pound of gold is worth 50 gp, otherwise you start getting into issues of "how much gold is in a gold coin" and "can I make money by staying home and casting my bars into coins, or vice versa?" when the answer is "get off your butt and go adventuring."

thank you all for your help

"can I make money by staying home and casting my bars into coins, or vice versa?" when the answer is "get off your butt and go adventuring."

However, should you have interest in such things, keep an eye out this winter for the release of a new Pathfinder RPG Compatible product: Ledgers and Litigation.

Table 6-3 Trade Goods on page 140 of the Core Rulebook has the price of gold at 50gp per pound.

Note: the same table lists prices/pound of copper, silver, and platinum too.

It's also worth noting that the same page says all coins (regardless of what they're made of) weigh 1/50 of a pound (50 coins = 1 pound). So apparently it doesn't matter whether your pound of gold is a single nugget, a formed ingot, or 50 minted coins, if it weighs a pound, it's worth 50gp.

If you really are trying to measure the value of various amounts of precious metal, shouldn't you be worrying about the gp value of a troy ounce of gold, not a pound? I mean, heck, we might as well start using the correct terms now so that when Ledgers and Litigation comes out it's an easy segue across to the new rules.

Along the same lines, the next time your DM tells you that your character has discovered a 500 gp diamond in the dragon's horde, demand to know how many carats it is, whether it's a round or princess cut, and whether or not it was obtained via child labor and/or sold to finance a war or insurgency.

If you really are trying to measure the value of various amounts of precious metal, shouldn't you be worrying about the gp value of a troy ounce of gold, not a pound? I mean, heck, we might as well start using the correct terms now so that when Ledgers and Litigation comes out it's an easy segue across to the new rules.

Along the same lines, the next time your DM tells you that your character has discovered a 500 gp diamond in the dragon's horde, demand to know how many carats it is, whether it's a round or princess cut, and whether or not it was obtained via child labor and/or sold to finance a war or insurgency.

~laughter~

...the next time your DM tells you that your character has discovered a 500 gp diamond in the dragon's horde, demand to know how many carats it is, whether it's a round or princess cut, and whether or not it was obtained via child labor and/or sold to finance a war or insurgency.

Also, be sure to get clarification as to which market model he's using to define the 500gp value. It could very well be worth considerably more in other markets and it would behoove your PC to stay on top of fluctuating market trends in order to maximize his profit from the item.

GuJiaXian wrote:

...the next time your DM tells you that your character has discovered a 500 gp diamond in the dragon's horde, demand to know how many carats it is, whether it's a round or princess cut, and whether or not it was obtained via child labor and/or sold to finance a war or insurgency.

Also, be sure to get clarification as to which market model he's using to define the 500gp value. It could very well be worth considerably more in other markets and it would behoove your PC to stay on top of fluctuating market trends in order to maximize his profit from the item.

So, if you buy 5000 gp worth of diamonds at 20% off, you can't use them for a raise dead spell?

So, if you buy 5000 gp worth of diamonds at 20% off, you can't use them for a raise dead spell?

Depends on your god. Obviously, the gods of commerce and trade would applaud your savvy business skills and grant you the magic you requested. Other gods, particularly those with selfless and altruistic tendencies might be pissed off that you're trying to scheme them out of magic that you haven't offered the proper sacrifice for (since it's the spirit of the offering, not the value).

50 gold coins weigh one pound. It's simplest to just say that a pound of gold is worth 50 gp, otherwise you start getting into issues of "how much gold is in a gold coin" and "can I make money by staying home and casting my bars into coins, or vice versa?" when the answer is "get off your butt and go adventuring."

Historically, the answers were 'not as much as you'd think', and 'yes, but you'd be hung if you were caught'.

So, if you buy 5000 gp worth of diamonds at 20% off, you can't use them for a raise dead spell?

Apparently

The cost of gold is related to the overhead needed to run the mine and the transportation costs to bring it to market, in addition of supply/demand.

The PRICE of gold is 50gp/lb.

i was going to go "dude, that is over 10 years old thread."

but that one is a troll riding over the thread. i wouldn't click on the link ether. takes to long to load, might be spiked.

flagging!

As zza ni pointed out, it is a bot searching for keywords and advertising. Reported.

Also flagged. But love that this came up in the GITP forums this week.