Silver is measured by millesimal fineness. But we don't say that is 999 mf (99.9% Fine Silver) or 925mf (92.5% sterling silver) or coin silver (900mf or 90%) We give each standard a name.
When you go to a jewelry store and purchase a 10K gold something it is cheaper than if you purchase a 24K gold something. Is all silver rated the same so that one silver something will cost the same as another silver something dependent of course on how large the piece is because larger requires more silver than smaller? Thank you for your reply m2c and Happy Merry Christmas 2018 Tuesday to thee and thine.
No it depends on how much silver is in it (the size of the piece) and how pure the silver is in it. Fine silver (99.9%) is like 24k gold (99.9%), Sterling silver (92.5%) is like 22k gold (92. 2%) Etc.
This post was edited by my2cents at December 25, 2018 1:59 PM MST
It's purity is as m2c stated. Its value is what ever it is trading for in the market. Yesterday it was $14.66 per ounce. Also gold isn't valued by its Karat %. That is only its percentage of amount in the alloy. It too is measured by the market value.
This post was edited by Element 99 at December 25, 2018 7:57 AM MST
When you purchase ANY jewelry at the jewelry store a 10K gold thing is cheaper than a 24K gold thing Ele. Thus it IS measured by that value in that environment. Thank you for your reply.
E99 is actually right. 24K is more expensive than 9K or 18K because there's more actual gold in it. It's to do with purity rather than value. 9K gold (I've never seen a rating of 10K, it's almost universally in multiples of 3) is about one-third gold, two-thirds cheaper alloying metals - typically nickel, but tin and titanium can also be used. Fine gold (.999) is measured in dollars per ounce.
This post was edited by Slartibartfast at December 27, 2018 5:37 AM MST
It may no longer exist Sbf but jewelry for children is often or was often 10K gold. I actually had a bracelet marked thus. I don't recall exactly how old I was at the time. Purer IS MORE VALUABLE in all things isn't it? A diamond without flaws is more costly/rare than a diamond with inclusions. Now I am officially confuserated. Thank you for your reply! :)
my2cents 