The fineness level of bullion varies greatly. No bullion will be 100% pure, as there will always be trace amounts of impurities in them. Some bullion is deliberately made to be anywhere from 35-92.5%, since coins meant for circulation and use wear down at a slower rate when other metals like copper are added.
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What Silver Purity to Buy
When buying government coins, make sure you pay attention to purity, since this can vary widely by country, coin type and mintage dates. It's ideal to stick to coinage containing at least 80% silver, as coins with lower amounts are less desirable.
For modern bullion it is all typically .999 fineness. You will find some that is .9999 fine, but the increase in purity isn't justified by the disproportionately larger premium you will pay for it.
What Gold Purity to Buy
You won't run into as many variations of gold purity in products. Most are 90% purity to .9999 in fineness. Some coins will be more collectable and recognizable than others, but will also come with a higher premium.
Coin Sizes and Weights
When buying coins that aren't .999 or .9999 in purity, some may be larger than a standard one ounce round or coin. The reason for this is the metal content is still one ounce-worth of silver or gold. You will find this in US Gold Eagle coins, South African Krugerrands, Mexican Sterling (.925) Onzas, etc.
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Great info! Thanks for sharing this!
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I am now focusing on buying silver in medium-sized bullion. I think it will be a good investment in the medium term.
Awesome! It's also a great way to save your wealth for later. 😁
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When it come to bullion value which is part of smart stacking that's beautiful advice but I would say for private sales getting a small stash of some lower purities can be a reasonable move !DOOK !LOL
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True. It really depends on the desirability level. Even if they're less than 80% pure, if people always want them, it's not a bad move to stack them.
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Hmmmm
I don't know why i thought of it but how can one be sure of the purity percentage?
I mean, its quite easy to stamp .999 and claim its 90% pure.
Or are there silver checkers that give the percentage of purity?
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Having some of your countries constitutional silver on hand is a good idea in case of need. Stacking .999 or .9999 silver is a better option for ever other case.
Gold I like .9999 personally,
I do however collect other silver and gold coins, but those are graded and collector piece worth well more than the spot prices.
I always like the higher purity, but old silver war nickels are only 35... It's easier to sell with higher purity for sure. But I like collecting some coins for numismatic reasons even with low silver content!
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STOPThere's not much difference between .999 and .9999 however, in the Health industry .9999 is considered 'Medical' grade.