How Much Is A Gram Of Silver

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How Much Is A Gram Of Silver
How Much Is A Gram Of Silver

Video: How Much Is A Gram Of Silver

Video: How Much Is A Gram Of Silver
Video: How 1 Gram Of Silver Can Be Better Than 100 Ounces Of Silver 2024, April
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Man became acquainted with silver in ancient times. Archaeologists have discovered ancient 500-carat coins, which are half silver and half alloys of other metals.

How much is a gram of silver
How much is a gram of silver

Silver is a precious metal used in industry, medicine and jewelry. Coins, jewelry, boxes, tableware are a small part of silver items. All jewelry made of silver is sampled. The cost of products also depends on the sample of the noble metal. The most valuable is 84th (old), followed by 875, 925 and 960, in last place - 800 and 830. The highest - 999 standard, the price of which is always negotiable. Products of this sample are often bypassed by gold jewelry.

What does the sample mean?

Since silver itself is a very malleable and soft metal, impurities of other metals are always added to it. It can be zinc, cadmium, nickel, aluminum. But most often it is copper, with the introduction of which silver becomes resistant to external influences. If there is an overabundance of copper, then silver acquires a yellowish tint and is used to make table decorations and table setting items. For example, 800 fineness means a silver content of at least 83%, the rest is copper impurities.

In the 875 assay, there is at least 87.5% silver. Silver of this sample is used both in jewelry and in industry. A silver alloy of a higher standard of 960 already contains 96% silver and is used for the manufacture of fine filigree products.

The cost of 1 gram of silver

Every day the Central Bank of Russia at 15.00 Moscow time sets the discount prices for precious metals. These data are used for accounting in credit institutions on the next day after the establishment. The valuation prices are not used for sales and purchases.

To estimate the cost of 1 gram of 925 and 960 silver, you need to multiply the current accounting price by the coefficients 0, 925 and 0, 96, respectively. For transactions of purchase and sale in the domestic market, market prices are used, taking into account the level of risk of the Central Bank of Russia and the situation on the world market. For example, the cost of 1 gram of rough 999 silver in April 2011 had a maximum mark of 42 rubles, in March 2014 the maximum price was 21, 46 rubles.

The price of 1 gram of silver in jewelry can vary from 40 to 100 rubles. Also, the price depends on the size of the product, its type, the manufacturing technologies used and the manufacturer's popularity.

The purchase of scrap silver 925 in pawnshops is carried out at 25 rubles per gram.

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