how much is a 100 mill gold layered troy ounce bar valued at?
“Gold Layered” means gold plated over some other metal. Also: 100 mills or .100 mills? .100 mills (1/10000 of an inch) is much more realistic. Thus, the value of the gold is negligible and your bar has little if any value.
100 mills fine or 100 mills thick (sometimes .100 mills)
100 mills merely means plated. Sellers want you to think that “100 mills” plating is somehow more valuable than regular plating. “100 mills” is a fantasy term that has no generally accepted definition. The items pictured below are NOT pure silver or gold. In fact, they have very little precious metals.
(See the first link for the photos being referred to.)
I wrote to one of the major manufacturers of these bars and asked them to tell me what “100 mills” really meant. Their answer was, and I quote, “just a thick layering but still very little to no value of gold / silver.” The manufacturer admits there is little metal value in these bars.
Jack Astor’s Don Mills Bar Comp – Yann
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