FAQs

What is a troy ounce?

Precious metals such as gold and silver are often sold by the troy ounce.  Many people don’t realize that an ounce of gold (and other precious metals) is weighed in a different weighing system called "troy weights".  A troy ounce is more than the typical ounce.  In many English-speaking countries there are two systems for measuring weight.  The one for precious metals is called troy ounces.  The other is for commodities such as sugar, grains, and typical grocery items and is known as the avoirdupois ounce.  There are 16 avoirdupois ounces to a pound and 12 troy ounces to a pound.

Can Silver coins be used as currency?

Most of our products are specialty coins that have a "bullion" content value.  Currently only the government is authorized to produce a coin as currency.

How can I be guaranteed the coins I get are .999 pure?

Our bullion coins are tested before they leave the mint for purity and weight.  With an accurate scale, you can check on a coin's weight, and chemical tests can be run to ensure purity.  Additionally, each coin is struck with a "maker mark" denoting its quality and the minting facility in which it was produced.

Pure Gold is 24 karat, which is very soft.  Our Gold coins are 22 karat.  They have some other metals added to them to give strength.

Also remember that there is only a small number of private mints in the United States, and their survival is dependent on a consistently quality product.  If they do not maintain strict standards, they will lose all credibility.

What is PM?

    PM is short for "Precious Metals".

Why are there no 1/4-ounce Silver coins?

Demand drives all industries, and there has been little demand for a 1/4-ounce Silver coin.  This could change in the future, but right now we only produce 1-ounce, 1/2-ounce, and 1/10-ounce Silver coins.

Why are the sizes of Silver coins so much larger when compared to the same weights in Gold?

Silver is less dense than Gold, so it takes up more space or volume for the same weight.

I understand that most Gold coins are not pure Gold.  Can you explain this further?

Pure Gold is very soft and will wear if other metals are not added to the Gold for strength.  The U.S. government mints coins that are 92% Gold, 3% Silver, and 5% Copper.  This combination gives each coin some hardness.  The actual weight of each coin is 1.09 troy ounces so that you still get one full troy ounce of Gold in your coin.  We have produced both pure gold coins and the 92% ones.

What is spot price?

Spot price is what the world is trading Silver and Gold for in the stock market at any given time.  Spot price is mainly determined by derivatives.  The precious-metals derivatives market is more than 1000 times larger in volume than the underlying physical precious metals market.  In contrast with spot price, the price for physical Gold or Silver is determined by "supply and demand" which results in a markup in addition to the spot price.  You can find the current spot price on our website.


How long does it take to receive products for bulk sales?

Turnaround time for delivery depends upon the type of product, the availability, and the amount.  Typically Silver can be shipped within one week of the lock date.  Gold may take as long as four weeks.

 


 

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Tuesday, 20 November 2012

Written by Super User

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