I have a 100 Mills .999 1 troy ounce bullion bar. what is its value?
The link below gives information about gold, silver, and platinum bullion bars, but not their value today. Find a link with today's value, then take your bar to three places to see what you can get for it.
This is to help people, I have been a proud member of the ANA since 1978 been investing in bullion since the early 70's. These 100 mills bars you are seeing are of no value except as maybe a gift or collectible. They have no investment value at al! These sellers are putting these up a lot of them are not telling you that they aren't solid silver/gold/platnium/ etc. Just a note to newer silver stackers - currently there are 1 troy ounce 100 mills silver bars available. These are NOT silver bars, despite being labelled 999 and 1 troy ounce. Essentially these are silver plated copper bars, with the silver plate supposedly being 100 mills thick. Now there's no such measurement as a mill (at least not that I can find a definition for) - however there is a measurement known as a mil, also known as a thou - which is 1/1000th of an inch - so 100 mils would be 2.54mm. If a bar is 100 mils plated (on both sides) then over 5mm of the overall thickness would be silver Now a typical silver 1 ounce bar has the following dimensions: 50mm high x 29mm wide x 2.10mm thick. these bars measure 50mm x 28mm (essentially the same), yet the claimed thickness of the silver plating alone is over twice the thickness of a genuine bar! Anyway avoid these bars like the plague - they are NOT bullion, they are NOT investment grade, and are absolutely worthless. Experienced silver buyers know this already, but such sellers prey on the uninformed to buy their rubbish silver plated items being sold as bullion, with no explanation that they are plated.
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