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Practical difference for same ASW but different Fineness?
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<p>[QUOTE="iPen, post: 2325626, member: 69760"]What is the practical difference to you for stacking up on 1 oz .9999 silver rounds vs. the same ASW coin but lower fineness (e.g. 1980 Mexico Onza: 0.925 fineness with 33.625 grams total weight = 0.9999 silver)? Assuming that they're the same cost, the weight differences are negligible, the balance metal's value is ignored, etc., do commercial precious metals refineries (I like to call them "melt-ups" lol) pay less for the same ASW with less fineness due to more refining that's involved? From how I understand it, they pay by ASW, and no premium is given for higher fineness.</p><p><br /></p><p>And, I'm a collector so I don't go the melt-up route. So, what is the practical difference for the governments and Mints to make 1 oz silver rounds in .999+ fineness? Is it simply the image / perception that you have 1 oz of pure silver on hand, which helps the Mints the world over to generate more sales relative to the same ASW but less fineness counterparts? </p><p><br /></p><p>To put it another way, why doesn't the US Mint produce sterling silver 1 oz ASW bullion coins instead? It's not like pure silver rounds are more robust in any sense - it's worse in almost every physical characteristic besides being a lower overall weight (e.g. more susceptible to tarnishing, softer, etc.).[/QUOTE]</p><p><br /></p>
[QUOTE="iPen, post: 2325626, member: 69760"]What is the practical difference to you for stacking up on 1 oz .9999 silver rounds vs. the same ASW coin but lower fineness (e.g. 1980 Mexico Onza: 0.925 fineness with 33.625 grams total weight = 0.9999 silver)? Assuming that they're the same cost, the weight differences are negligible, the balance metal's value is ignored, etc., do commercial precious metals refineries (I like to call them "melt-ups" lol) pay less for the same ASW with less fineness due to more refining that's involved? From how I understand it, they pay by ASW, and no premium is given for higher fineness. And, I'm a collector so I don't go the melt-up route. So, what is the practical difference for the governments and Mints to make 1 oz silver rounds in .999+ fineness? Is it simply the image / perception that you have 1 oz of pure silver on hand, which helps the Mints the world over to generate more sales relative to the same ASW but less fineness counterparts? To put it another way, why doesn't the US Mint produce sterling silver 1 oz ASW bullion coins instead? It's not like pure silver rounds are more robust in any sense - it's worse in almost every physical characteristic besides being a lower overall weight (e.g. more susceptible to tarnishing, softer, etc.).[/QUOTE]
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Practical difference for same ASW but different Fineness?
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