Saw an ad that said the coins were plated with fourteen miligrams of twenty four karat gold.
I suck at story problems.
Is this much gold worth even a dollar?
At $1500/troy ounce-about 67.5 cents.
No, according to Gold Coin Values - Coinflation (Live Gold Prices) it’s worth a little more than 70 cents.
14 mg is 14/1000th of a gram, or 0.014 grams.
A troy ounce of gold is 31.1035 grams.
Therefore this is 0.00045 ounces of gold.
At $1722.56 at the moment I’m typing this, that makes it $0.775 worth of gold.
So no, not even a dollar’s worth of gold.
According to Gold Price Calculators, gold is currently at $55.38 US per gram, 0.05538 per milligram. So the 14 milligram comes to a little over 77 cents, unless I misplaced a decimal point…
AThanks, y’all are fast.
If you don’t mind what else weighs about that? A postage stamp?
Hmmm…there’s something oddly familiar about the thread title. Can’t quite put my finger on it…
First thing that comes to my mind is a grain of rice, which weighs about 20 mg if the first page of a google search can be trusted.
I know, it scared me too.
I knew it would get views if I stated it thus.
Thereby proving, once and for all, that gold is perfectly stable and universally-valued, and never changes its value.
I clicked with serious trepidation…
But don’t you see the obvious trend? GOLD is always INCREASING in value! The price of GOLD has increased 15% since this thread was started!
A good way to find out stuff like this is to use Wolfram Alpha.
If you’ve never used it before, Wolfram Alpha is a sort of advanced search and calculation engine, and it is pretty good at looking at your query and working out what information you are after.
If you type value of 14 mg of gold into Wolfram Alpha, it gives you the answer.
But won’t Wolfram Alpha eat my pets and kill me in my sleep?
And then it’s buddy Wolfram Hart will sue you for having choked on your dog and for you making a mess when you died.
The gold is still worth the same. The dollar has devalued while you’ve been reading this.