Home› Precious Metals

Anyone seen a 1000 fine bar?

1jester1jester Posts: 8,637 ✭✭✭
in Precious Metals
Here's one advertised as 1000 fine, by InterCoin. What's this supposed to mean? I've heard of 99999 fine, but 1000?

image

image

imageimageimage
.....GOD
image

"Ask, and it shall be given you; seek, and ye shall find; knock, and it shall be opened unto you." -Luke 11:9

"Hear, O Israel: The LORD our God is one LORD: And thou shalt love the LORD thy God with all thine heart, and with all thy soul, and with all thy might." -Deut. 6:4-5

"For the LORD is our judge, the LORD is our lawgiver, the LORD is our king; He will save us." -Isaiah 33:22

Comments

  • AboutAgAboutAg Posts: 201 ✭✭


    << <i>Here's one advertised as 1000 fine, by InterCoin. What's this supposed to mean? I've heard of 99999 fine, but 1000? >>



    As far as we know, it is impossible to create 100% pure metals. I'm guessing if you took an XRF to that, it would show you impurities. It may well be 999/1000, but not 1000/1000.
  • secondrepublicsecondrepublic Posts: 2,619 ✭✭✭
    are you sure that doesn't say "LOOO / LOOO" ? Maybe that means something in German image
    "Men who had never shown any ability to make or increase fortunes for themselves abounded in brilliant plans for creating and increasing wealth for the country at large." Fiat Money Inflation in France, Andrew Dickson White (1912)
  • gecko109gecko109 Posts: 8,231 ✭


    << <i>

    << <i>Here's one advertised as 1000 fine, by InterCoin. What's this supposed to mean? I've heard of 99999 fine, but 1000? >>



    As far as we know, it is impossible to create 100% pure metals. I'm guessing if you took an XRF to that, it would show you impurities. It may well be 999/1000, but not 1000/1000. >>




    Cars is right (It will always be the Sears Tower, always be Comiskey Park, and will always be Cars to me). Although I think that true 100% pure metal is a unicorn, there can be super highly refined metal on the order of 5 or 6 nines. But that stuff is wicked expensive and is only used in tiny quantities in labratory experiments. You will never see .999999 in a bullion bar, let alone 1000/1000.
  • secondrepublicsecondrepublic Posts: 2,619 ✭✭✭
    If they are rounding up or down, then identifying the bar as 1000 fine might not be "wrong." For example, if the actual purity is 9997, rather than rounding down to 999, they could legitimately round it up to 1000. Whereas, if the actual purity were 9993, then they would have to round down to 999.
    "Men who had never shown any ability to make or increase fortunes for themselves abounded in brilliant plans for creating and increasing wealth for the country at large." Fiat Money Inflation in France, Andrew Dickson White (1912)
  • MesquiteMesquite Posts: 4,075 ✭✭✭
    Maybe their calculations required the answer be presented to one significant figure?
    There are two ways to conquer and enslave a nation. One is by the sword. The other is by debt.
    –John Adams, 1826
  • AgBloxAgBlox Posts: 744 ✭✭


    << <i>

    << <i>

    << <i>Here's one advertised as 1000 fine, by InterCoin. What's this supposed to mean? I've heard of 99999 fine, but 1000? >>



    As far as we know, it is impossible to create 100% pure metals. I'm guessing if you took an XRF to that, it would show you impurities. It may well be 999/1000, but not 1000/1000. >>




    Cars is right (It will always be the Sears Tower, always be Comiskey Park, and will always be Cars to me). Although I think that true 100% pure metal is a unicorn, there can be super highly refined metal on the order of 5 or 6 nines. But that stuff is wicked expensive and is only used in tiny quantities in labratory experiments. You will never see .999999 in a bullion bar, let alone 1000/1000. >>



    lol. I think you're confused Phil.

    I had a Mexican bar marked 1000 plata pura and asked this very question. Consensus was it would be too costly to produce such a fineness not to mention impossible. 1 particle of dust would prevent a pure 100% bar. Must be rounding up.
  • CaptHenwayCaptHenway Posts: 32,128 ✭✭✭✭✭
    Over the years I have seen various European silver medals marked as 1.000. They can't do that in the United States because the U.S. government says that nobody can refine absolutely pure, but those regulations do not apply in Europe.
    TD
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • RGJohnRGJohn Posts: 402


    << <i>Here's one advertised as 1000 fine, by InterCoin. What's this supposed to mean? I've heard of 99999 fine, but 1000?
    imageimageimage >>



    We have different ways of expressing the same thing. This is unconventional but really , when we say 999, or .999 or 99999 fine, or, well you know........ aren't we 'saying' PURE' silver (or whatever). 100% Nothing else or at least so little 'anything else' that it doesn't matter.
    -----
    Curious as it may seem, in mathematics, the representations of 0.999... and 1.0 are merely 2 different ways of writing of the same 'number'. Yer ever-lovin' calculus, don'cha know. On a less esoteric level, it is my understanding that when we use .999 or 99999999 or as in this case 1000/1000, we are trying to communicate the notion that this chunk of stuff is pure silver. Not coin silver (AKA: 0.900, 90%, pre-'64, etc), nor sterling (0.925), nor any other alloy. Pure.
    ------
    So it 's unusual nomenclature, but it works for me. It seems a great deal more consistent than the sale of merchandise such as pizza. This unit of measure, the so-called "slice". ???!!??? THIS is a uniform unit of measure? I'll take the irregularities of previously unknown silver bars anytime, thank you.
    Many, many perfect transactions with other members. Ask please.
  • AboutAgAboutAg Posts: 201 ✭✭


    << <i>On a less esoteric level, it is my understanding that when we use .999 or 99999999 or as in this case 1000/1000, we are trying to communicate the notion that this chunk of stuff is pure silver. Not coin silver (AKA: 0.900, 90%, pre-'64, etc), nor sterling (0.925), nor any other alloy. Pure. >>



    Actually, the numbers are used close to their mathematical meaning. .999 means 999/1000, which is interpreted to 'At least 999/1000', whereas .9999 means 9999/10000, which is interpreted to 'At least 9999/10000'. So if a batch of silver is refined such that 99.92% of the impurities are removed, it can be labeled .999 (but not .9999, since it is less than .9999 pure).

    That's why there is .995, .999, .9995, .9999, .99999, etc.

    As for the 1000, that's almost certainly a mistake, or something created before standards were in place, or created somewhere where different standards were being used.
Sign In or Register to comment.