Experiments
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Above are 21 tests of potential inlay materials. All of them are dirt-cheap glitter available pretty much anywhere. All the glitters are plastic except silver & gold, which are glass. Except as noted, all fills are clear Loctite CA.
The board has been rough-sanded flat and finished with two coats of UV-poly, no polishing. The poly did a pretty good job of filling the scratches, but not perfect. If this was a real fretboard, I would sand the scratches out before finishing. I was curious what the worst case would be.
Starting at the upper left (1-1) going to the lower right (7-3):
1-1 copper/black - glittort
1-2 red - strawberry jewel
1-3 copper/black/silver - glittort
2-1 copper - nice
2-2 copper/red/black/silver - glittort
2-3 black - best way to make black
3-1 fine gunmetal - nice
3-2 gold (glass) - MOP
3-3 silver (glass) - MOP
4-1 pure black CA - not great
4-2 red/black - glittort
4-3 spackle - not useful
5-1 red over black CA - nice
5-2 jumbo diamond over black CA - not useful
5-3 red/silver - glittort
6-1 spackle 2 - not useful
6-2 crystal over white paint - pearl
6-3 jumbo diamond/black - jade
7-1 jumbo diamond over white paint - best MOP
7-2 jumbo diamond - not useful
7-3 crystal - not useful
The CA did not penetrate the spackle as hoped. Therefore this has no strength. The black CA has a very long drying time, and also issues with "heave", where it throws up a wall around itself.
Jumbo diamond has filling issues, but mixing it with regular diamond would help with the edges and corners. Most of these are also available in fine versions, similar to the gunmetal.
There are many more colors of glitter available, and I have not even tried sand. Hobby Lobby has many colors of sand, and then there's Home Depot, and even regular old beach sand. I have kept my choices fairly conservative here.
On another piece I have a number of water-based poly inlays that are still wet. Right now they all look good, but I fully expect something to go wrong before the poly cures. It shrinks like mad as it dries, like 90% loss of volume.
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