Researching this a bit, I found an article which stated that 100 mills is 1/10 of a gram. According to my calculations, a troy oz., 100 mills gold bar would therefore be worth about $3.87 in gold content, assuming a gold price of $1200 oz.
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The key there is 100 mills. That means the bar is plated with a layer of gold that is 100 millionths of an inch think. Many sellers will use the term clad rather than played, however both mean the ...
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