Purity not worth purity value?
Hi guys, I was wondering. If a coin or in this case, bullion. Has the more purity of Silver but a coin that has less purity of Silver, has the most value? What? Lol. Same size coin but the one with less silver purity is the one that has the most value? Ok? Here are the coins I'm talking about.
The American Silver Eagle
With
.999 Silver
The Canadian Maple Leaf
with
.9999 Silver
Now, I do realize that both have the 1 Troy Ounce contents. However, just doesn't seem fair or ethical?
Thanks guys
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Comments
The RCM has a refined refining (
) process that takes it out to four places. Makes no practical difference.
Cost is based on demand.
Collect what you like!
Nothing unfair or unethical. Each coin has 1 troy ounce of silver. The Eagle coin has a minimum of 1.000 ounces of silver and 0.001 ounces of other stuff and the Maple leaf has a minimum of 1.0000 ounces of silver and 0.0001 ounces of other stuff. You also need to remember that those are the MINIMUM purities. The actual coins could vary slightly on the higher silver side
Much ado about nothing IMO, but as others have said, there is nothing wrong with choosing one over the other if you think the purity is important
From a practical viewpoint, 999 silver is considered to be pure silver and can be used for any practical application that requires silver. The use of 9999 designation is more of a marketing ploy. Keep in mind ASE's are far more popular and easier to market.
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if this is the sort of thing that concerns you it seems you are lost and not collecting coins. get back to Variety searching and show us what you find, it's much more interesting than bullion.
The value is based on collector demand - and the 'difference' in purity is mainly a marketing tool. Cheers, RickO
Maybe the SAE has 0.0009% platinum
Actually both .999 and .9999 round to 1
Mr_Spud
One in the same from a bullion standpoint. Both an ounce of silver. Both suffer from milk spotting.
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Saw a post that showed the teeny tiny amount the extra 9 adds.
I will go with marketing. That’s a hair being split too many ways 😉
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