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Sterling silver is an alloy composed by weight of 92.5% silver and 7.5% other metals, usually copper. The sterling silver standard has a minimum millesimal fineness ...
Silver prices are normally quoted in troy ounces. One troy ounce is equal to 31.1034768 grams. The London silver fix is published ... with finenesses of 925/1000, 835 ...
In 1792, the gold/silver price ratio was fixed by law in the United States at 15:1, [11] which meant that one troy ounce of gold was worth 15 troy ounces of silver; a ratio of 15.5:1 was enacted in France in 1803. [12] The average gold/silver price ratio during the 20th century, however, was 47:1. [13]
The Spanish silver dollar created a global silver standard from the 16th to 19th centuries. The silver standard [a] is a monetary system in which the standard economic unit of account is a fixed weight of silver. Silver was far more widespread than gold as the monetary standard worldwide, from the Sumerians c. 3000 BC until 1873.
Ninety-one (91) zolotniks have the equivalent millesimal fineness of 947[9]. Thus, the alloy contains 94.79% pure silver and 5.21% copper or other metals. [4] [5] Sterling silver has a millesimal fineness of 925. The sterling silver alloy is 92.5% pure silver and 7.5% copper or other metals.
For example, copper is added to the precious metal silver to make a more durable alloy for use in coins, housewares and jewelry. Coin silver, which was used for making silver coins in the past, contains 900 ‰ silver and 100 ‰ copper, by mass. Sterling silver contains 925 ‰ silver and 75 ‰ of other metals, usually copper, by mass.