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- - Is spot price for 90% .999? And other questions. (http://goldismoney.info/forums/showthread.php?t=28021)

Ash_Williams | 01-14-2006 08:52 AM
Is spot price for 90% .999? And other questions. I had always assumed the spot price quoted on Kitco was for 1 oz of 999 fine silver, but recently on a website I read that it for a 1 oz of 900 fine. Can anyone tell me which it is? Also, does anyone know if it's legal to melt down and refine older silver Canadian coins in Canada? I have so many silver dollars and would prefer to turn them into 999 bars, since the coins make a mess in the safe deposit box (as well as a hell of a lot of noise!)

hoarder | 01-14-2006 08:54 AM
Re: Is spot price for 90% .999? And other questions. Spot is per troy ounce of .999

californiajeff | 01-19-2006 07:23 PM
Re: Is spot price for 90% .999? And other questions. Spot price is per troy ounce of .995 or better fineness, based on delivery of 100-ounce bars specified by COMEX. Therefore, anything traded that's less than 100-ounce bars should have some sort of premium to reflect the smaller, handier size. Most of us can't afford to buy 100-ounce bars.

eat_beef | 01-19-2006 08:41 PM
Re: Is spot price for 90% .999? And other questions. Try 5,000 ounces. But you should be able to get 90% at spot. :eating: beef

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