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 Replies: 22 / Views: 3,348 |
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Pillar of the Community
United States
1119 Posts |
technically a 9.999% gold coin isn't even gold
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Pillar of the Community
United States
3644 Posts |
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Moderator
 United States
54283 Posts |
Quote:
technically a 9.999% gold coin isn't even gold Neither would " .9999% "  |
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Pillar of the Community
United States
1005 Posts |
You can get some elements 100% pure by growing them in a single crystal. Silicon is one notable example. However for a bulk material like gold for a coin there is always a spec regarding purity that depends on the amount of refining completed and/or possible.
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Moderator
United States
54283 Posts |
This reminds me of quite a few years back (maybe 20), they advertised in my local Burger King a special -- Whopper .99¢ The cashier just looked at me with a blank stare when I said keep the change from the Lincoln Cent. |
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Moderator
United States
54283 Posts |
Who has an XRF machine? What does it read when you use it on a "999" pure precious metal coin?
Edited by nss-52
02/13/2017 10:58 pm
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Pillar of the Community
United States
3644 Posts |
Took me an extra second on that one NSS  |
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Pillar of the Community
United Kingdom
2624 Posts |
Agree with the above and the same goes for the description of 24ct jewellery...any worked/soldered item can't be 24ct pure.
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Pillar of the Community
United States
7390 Posts |
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Moderator
United States
54283 Posts |
1) How much do you want to bet that 90% silver or gold coins aren't exactly .90000 (90.000%)?
2) At $1,228.11 per troy ounce, difference in gold value:
a) "pure" and .999 = $1.23
b) "pure" and .9999 = $0.13
c) .999 and .9999 = $1.10
3) At $17.91 per troy ounce, difference in silver value:
a) "pure" and .999 = 2¢
b) "pure" and .9999 = 2/10 of a cent
c) .999 and .9999 = 1.8¢
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Pillar of the Community
United States
7390 Posts |
It's more about the prestige and going the extra mile and excellence in engineering. Not so much the miniscule value differances IMO
Edited by Cascade
02/14/2017 10:18 am
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Pillar of the Community
United States
6130 Posts |
The "five nines" bullion coins are little more than a gimmick; a show of engineering might just as much as the 1,000kg gold maple leaf, or whatever country issued a micro-engraved coin with the entire Sistine Chapel.
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CCF Advertiser
United States
1533 Posts |
Quote:
Who has an XRF machine? What does it read when you use it on a "999" pure precious metal coin? XRF is not sensitive enough. I have an SEM/EDAX that is, but I don't have any bullion coins. Any one want to send me some gold? |
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Moderator
United States
54283 Posts |
Quote:
It's more about the prestige and going the extra mile and excellence in engineering. Not so much the miniscule value differances IMO Are you willing to pay more for a coin/bullion with an extra 9 (i.e., .9999 vs .999)? Since it is so expensive to refine gold to the higher percentage, then the refiner either has to charge more for their bullion, which in turn results in higher costs for "raw" bullion, thus higher prices for minted gold coins and bullion. I don't follow this close enough - are there separate market quotes for .999 vs .9999 vs .99999 coins/bullion? If customers migrate away from .999 towards .9999, will this result in the long range contribute to a rise in gold prices? |
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Bedrock of the Community
United States
20753 Posts |
I would suspect that the coins I have that read 101.988% Gold are kind of not in agreement with statements on this post.  |
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Replies: 22 / Views: 3,348 |
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Posted 02/13/2017 10:37 pm
