I am sure you must have mistaken what metal was priced at 44 cents
The price of gold closed on Friday 1-8-2005 at $418.40 per ounce.
The following would be the melt value of various karats of gold and
of coarse you are not going to buy any new karat gold for melt, you
will pay a premium on top of melt depending on what form you buy it
in. You might find scrap gold or Silver at a pawn shop if you are
lucky for melt value.
Gold Close $418.40
Pure Gold $13.44 per gram melt value
18 karat gold $10.09 per gram melt value
14 karat gold $7.87 per gram melt value
Silver closed on Friday at $6.41 per ounce therefore the melt value
for Pure Silver is 20 cents per gram and Sterling Silver is 19 cents
Once again you are not going to buy fabricated metal for melt value.
This includes gold or silver shot.
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