So the coins weigh 1 oz, and are, for all intents and purposes, 1% silver?
According to a quick google, silver is worth $31.07 an ounce today.
So these coins have 3.1 cents worth of silver in them.
And he’s selling them for $100 each.
Or is the decimal used differently here because the Guardian is British and in this context it means 99.9%?
In that case it’s $31 worth of silver sold for $100, but that seems a downright generous investment when it comes to Trump merchandise, so I’m still guessing it’s 3 cents worth of silver.
So the coins weigh 1 oz, and are, for all intents and purposes, 1% silver? According to a quick google, silver is worth $31.07 an ounce today. So these coins have 3.1 cents worth of silver in them.
And he’s selling them for $100 each.
Or is the decimal used differently here because the Guardian is British and in this context it means 99.9%?
In that case it’s $31 worth of silver sold for $100, but that seems a downright generous investment when it comes to Trump merchandise, so I’m still guessing it’s 3 cents worth of silver.
When you see “1 oz of .999 fine silver” that means it’s almost pure silver. 1.0 would be 100% pure. This is 99.9% pure.
https://topvegasbuyer.com/blog/the-truth-about-999-u-s-silver-coins/
You can also get .9999 silver.