United States coins and currency (including Federal reserve notes and circulating notes of Federal reserve banks and national banks) are legal tender for all debts, public charges, taxes, and dues. Foreign gold or silver coins are not legal tender for debts.
Gold and Silver Market Prices:
Kitco 24Hr Live Market Prices and London Fix
Gold Price - Dealer Comparison (Includes Premium - ADD any commissions!)
Silver Price - Dealer Comparison (Includes Premium - ADD any commissions!)
ebay Price for Silver and Gold (Includes Premium)
Silver Ferret Prices on Silver
Calculator for Exchange (use premium from Dealer Comparison Above)
and Coin Values
Solari/MoneyChanger Precious Metals Payment Calculator
CoinFlation Coin Melt Price - (Spot Price)
UNITS OF MEASURE
Gram = .03215 Ounce Troy, .643 Pennyweight (dwt), 5 Carats, 15.432 Grains
Kilogram = 1000 grams, 32.15 Ounces Troy
Dinar = 4.25 grams (1 mithqal)
Mithqal = 4.25 grams = 0.1366 Ounce Troy
Mithqal Baha'i law = 19 mithqals = 69.192 grams = 2.22456 troy ouncesGrain = 0.0648 Grams
Ounce (avoirdupois) = 0.911458 Ounces Troy, 28.3495 Grams, 437.5 Grains
Pound (avoirdupois) = 16 Ounces, 14.5833 Ounces Troy, 453.592 Grams
Pound Troy = 0.37 Kilograms, 12 Ounces Troy, 373 Grams, 0.8228 Pounds, 13.16 Ounces
Ounce Troy (International)= 1.097 Ounces, 31.1035 Grams, 480 Grains, 20 Pennyweight (dwt), 120 carats
Ounce 1/10 = 3.1103 Grams
Ounce 1/4 = 7.7758 Grams
Ounce 1/2 = 15.5517 Grams
Pennyweight (dwt) = 0.5 Ounce Troy, 24 Grains, 1.55 Grams
Tolas x 10 = 3.75 Ounces Troy (Indian)
Taels x 5 = 6.02 Troy Ounces (Hong Kong)
Sterling Silver = 92.5% Silver, 7.5% Copper
Fine Silver = 99.9% (999)
925 = Sterling Silver - Stamp on items such as bowls, jewelry etc.
Coin Silver = 90% Silver and 10% Copper
London "Good Delivery" Gold = 99.5% (.995), 23.88 karats
Karat (K) Gold = parts gold per 24
Gold Filled - overlay of gold over other metal of 1/10 gold by weight of total metal
Karat Plumb (KP) = "no less" than that Karat stamped
Fineness Gold = parts gold per 1000
Karat = KT, or carat (ct)
Karat 24 = 100%, 1000 fine
Karat 22 = 91.7%, 917 fine (Kugerrands and US Gold Eagles are 22ct)
Karat 18 = 75.%, 750 fine
Karat 14 = 58.3%, 583 fine
Karat 10 = 41.6%, 416 fine
Weight Converter Link - Metric Conversions.org
Kilograms conversion
Grams conversion
Milligrams conversion
Carats conversion
Micrograms conversion
Metric Tons (or Tonnes) conversion
Pounds conversion
Ounces conversion
Troy Pounds conversion
Troy Ounces conversion
Grains conversion
What Precious Metals Qualify for IRA Accounts?
Your IRA can invest in one, one-half, one-quarter, or one-tenth ounce U.S. gold coins, or one-ounce silver coins minted by the Treasury Department. It can also invest in certain platinum coins and certain gold, silver, palladium, and platinum bullion.
See IRS Publication irc408.pdf and read exceptions to collects that are not allowed - 408(m)(3);
Reference U.S. Code TITLE 31 > SUBTITLE IV > CHAPTER 51 > SUBCHAPTER II > § 5112 (a) and (e)
What sets these eight U.S. Dealers apart from others? Contact us for more GoldWisdom. 440-940-6735 AuCanary@gmail.com
A-Mark
American Precious Metals Exchange
Coins 'N Things Inc.
Dillon Gage Incorporated of Dallas (USM *Silver only)
MTB - Manfra Tordella & Brookes, Inc. (New York)
Prudential Securities, Inc.
Scotia Mocatta (New York)
The Gold Center (Illinois)
US Economy References:
US Debt Clock
Government Shadow Statistics (John Williams)
US Treasuries - Daily Rates
Federal Reserve Permanent Open Market Operation (POMO) Schedule
Federal Reserve Primary Dealer List:
- Bank of Nova Scotia, New York Agency
- BMO Capital Markets Corp.
- BNP Paribas Securities Corp.
- Barclays Capital Inc.
- Cantor Fitzgerald & Co.
- Citigroup Global Markets Inc.
- Credit Suisse Securities (USA) LLC
- Daiwa Capital Markets America Inc.
- Deutsche Bank Securities Inc.
- Goldman, Sachs & Co.
- HSBC Securities (USA) Inc.
- Jefferies & Company, Inc.
- J.P. Morgan Securities LLC
- Merrill Lynch, Pierce, Fenner & Smith Incorporated
- Mizuho Securities USA Inc.
- Morgan Stanley & Co. LLC
- Nomura Securities International, Inc.
- RBC Capital Markets, LLC
- RBS Securities Inc.
- SG Americas Securities, LLC
- UBS Securities LLC.
