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Electrum is a naturally occurring alloy of gold and silver, [1] [2] with trace amounts of copper and other metals. Its color ranges from pale to bright yellow, depending on the proportions of gold and silver.
This is a list of prices of chemical elements. Listed here are mainly average market prices for bulk trade of commodities. Data on elements' abundance in Earth's crust is added for comparison. As of 2020, the most expensive non-synthetic element by both mass and volume is rhodium.
The exact correlation varied over time, and in early centuries bronze or electrum were sometimes found instead of mercury, or copper for Mars instead of iron; however, gold, silver, and lead had always been associated with the Sun, Moon, and Saturn. [note 1] The associations below are attested from the 7th century and had stabilized by the 15th ...
As a stunt to publicise the 99.999% pure one-ounce Canadian Gold Maple Leaf series, in 2007 the Royal Canadian Mint made a 100 kg 99.999% gold coin, with a face value of $1 million, and now manufactures them to order, but at a substantial premium over the market value of the gold. [3] [4]
In 1991, the silver price fell to $3.90 (~$9.00 in 2023) per ounce and the operation was losing money. A mining plan was put together to reduce losses substantially while waiting for prices to improve. This was referred to as the "small mine plan" and was implemented in June 1991.
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This leads to the possibility of smelters taking coins and melting them down for the scrap value of the metal. Pre-1992 British pennies were made of 97% copper; but as of 2008, based on the price of copper, the value of a penny from this period is 1.5 new-pence. Modern British pennies are now made of copper-plated steel.