TeachMeFinance.com - explain Fineness
Fineness -- In reference to gold and silver fineness means the
proportion of pure metal and it usually is expressed in thousandths.
The coins of the United States, both gold and silver,
are .900 fine, that is, nine-tenths pure metal and one-tenth alloy.
The alloy in a gold coin is one part silver and nine parts copper
; in a silver coin the alloy is copper. The gold coins of
Great Britain are .916 2-3 fine, while the silver coins are .925
About the author
Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.