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Trump hawks $100 commemorative coins in latest hunt for cash
(www.theguardian.com)
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this post was submitted on 23 Sep 2024
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So the coins weigh 1 oz, and are, for all intents and purposes, 1% silver? According to a quick google, silver is worth $31.07 an ounce today. So these coins have 3.1 cents worth of silver in them.
And he's selling them for $100 each.
Or is the decimal used differently here because the Guardian is British and in this context it means 99.9%?
In that case it's $31 worth of silver sold for $100, but that seems a downright generous investment when it comes to Trump merchandise, so I'm still guessing it's 3 cents worth of silver.
Yeah that’s in quotes too like they got it from him or his posts announcing these. I’d say it’s a typo which he is really good at.
.999 silver is common phrase to put on rounds but can be referred to as 99.9% too so someone probably typed it up wrong and combined them.
I would question the purity too though until I see them tested properly. There are other companies making clad Trump rounds and trying to sell them as high value collectibles especially gold plated ones.