Saturday, May 26, 2007

Different standards of silver.

For conversational tips, read the following facts and find yourself surrounded by bunches of people whenever you go to a party.

Different standards of silver:

Fine silver: this is 99.9% silver. This grade of silver is used to make bullion bars for international commodities trading. In the modern world Fine Silver is understood to be too soft for general use.

Britannia silver is purer than sterling, at least 95.84% silver and up to 4.16% copper.

Mexican silver is also purer than sterling, usually 95% Silver and 5% Copper. Mexico is the only country currently using silver in its circulating coinage.

In the U.S. Coin silver is most commonly 90% silver and 10% copper as dictated by FTC guidelines. "Coin Silver" is said to have acquired its name because much of it was made from melting down silver coins, which are generally of the 90% standard.

I know more such interesting pieces of information because of my long association with Monex, the precious metals people.

Though I never bought gold bars from Monex Deposit Company (MDC), I used their web site to stay up to date on bullion market, precious metal news and expert analysis and news letters on commodity investment.

Not only one can buy gold bars from Monex but also gold coins and silver ingots and either take delivery of the metal or arrange to store for you by them at an independent bank or depository.

Monex Precious Metals is home to a large and dedicated staff of hard asset professionals committed to serving your precious metals investment needs and being America’s best dealer with a convenient market and competitive precious metals prices.

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