How much is 14 milligrams of gold or silver worth?
OK, you’ve probably seen a few commemorative coins that are “clad ” in 14 milligrams of pure gold or 14 milligrams of pure silver. They generally sell for 10 to 30 dollars. So lets see how much the gold or silver is worth (as of January 2, 2011)
14 mg = 0.0004501 ounces
Price of gold = $1416.20 per ounce
0.0004501 x 1416.20 = 0.63743162
So that’s $0.64 worth of gold. Sixty-four cents.
Price of silver = $30.91 per ounce
0.0004501 x 30.91 = 0.013912591
So that’s less than 2¢ worth of silver. Two cents.
This entry was posted on Sunday, January 2nd, 2011 at 11:04 pm and is filed under Commercials, Science. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.