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Is There Really Such A Thing As A 100% Gold Coin, Item Or Whatever?

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Cascade's Avatar
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 Posted 02/14/2017  08:08 am  Show Profile   Bookmark this reply Add Cascade to your friends list Get a Link to this Reply
The RCM has done 99999 ("5-Nines") gold coins before. They say just go from 9999 to 99999 is a beast. Here's an article you might like

http://www.cmi-gold-silver.com/arti...t-gold-coin/
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nss-52's Avatar
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 Posted 02/14/2017  09:22 am  Show Profile   Check nss-52's eBay Listings Bookmark this reply Add nss-52 to your friends list Get a Link to this Reply
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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Cascade's Avatar
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 Posted 02/14/2017  10:17 am  Show Profile   Bookmark this reply Add Cascade to your friends list Get a Link to this Reply
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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Finn235's Avatar
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 Posted 02/14/2017  10:49 am  Show Profile   Bookmark this reply Add Finn235 to your friends list Get a Link to this Reply
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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Andrew99's Avatar
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 Posted 02/14/2017  11:36 am  Show Profile   Bookmark this reply Add Andrew99 to your friends list Get a Link to this Reply

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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nss-52's Avatar
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 Posted 02/14/2017  12:33 pm  Show Profile   Check nss-52's eBay Listings Bookmark this reply Add nss-52 to your friends list Get a Link to this Reply

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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 Posted 02/14/2017  3:54 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
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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