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<blockquote data-quote="aramis erak" data-source="post: 6684477" data-attributes="member: 6779310"><p>Current estimates of silver reserves are about 530,000 tonnes, while gold is about 55,000 tonnes. That's under 3000 cubic meters of gold, and about 51000 cubic meters of silver. An olympic swimming pool is a MINIMUM of about 1355 cubic meters - and new standards (2004 onwards), 2500 cubic meters or more. You cannot fill two of them with the world's total gold. (Which, by the way, means that Middle Earth of the PJ Movies has, just in Smaug's horde alone, more gold than the entire modern world. </p><p></p><p>Given the 110 coins per kg of D&D5e coins, the total coinage of gold, assuming only 12kt (to double the available volume, and thus only have 55 coins per kg of gold), there would be only about 3 million coins total in the world. and about 29 billion coins worth of silver.</p><p></p><p>Oh, and note: over half of the gold and around half of the silver ever mined has been mined since about 1800...</p><p></p><p>That's why many of us find it silly. The coins are WAY too big (measuring with the heaviest in both current and historic circulation), and are undervalued by a lot. (Historical silver pennies of 1 dwt were about 291.6667 to the modern pound, about 0.9 fine; the gold penny was 12-14kt and the same 1 dwt. A copper coin of 1 dwt would have been worth about 1/80th of a penny.)</p><p></p><p>Historic british rates:</p><p>Gold, 18kt 12x to 20x comparable siver weight at 0.9 fine</p><p>Silver at 0.9 fine worth between 50 and 100 x the weight of copper.</p><p>Platinum almost unknown; priceless.</p><p></p><p>Modern rates, just for comparison: </p><p>Gold $1134.70/ t oz or $56/dwt</p><p>Platinum $1012.00/ t oz or $50/dwt</p><p>Silver: about $15/ t oz or $0.75/dwt</p><p>Copper: about $2.27/ lb av or $0.0078/dwt. </p><p></p><p>And we're talking 5.8dwt coins. So, given today's spot prices (from kitco silver's pages) a ...</p><p>Copper Piece should be about $0.045</p><p>Silver Piece should be about $4.35</p><p>Gold Piece should be about $324.80</p><p>Platinum Piece should be about $290.00</p><p></p><p>We can excuse platinum - in a medieval setting, it's extremely hard to work, and almost unknown. </p><p></p><p><a href="http://www.statista.com/statistics/248991/world-mine-reserves-of-gold-by-country/" target="_blank">http://www.statista.com/statistics/248991/world-mine-reserves-of-gold-by-country/</a></p><p><a href="http://www.statista.com/statistics/273649/silver-reserves-of-countries/" target="_blank">http://www.statista.com/statistics/273649/silver-reserves-of-countries/</a></p></blockquote><p></p>
[QUOTE="aramis erak, post: 6684477, member: 6779310"] Current estimates of silver reserves are about 530,000 tonnes, while gold is about 55,000 tonnes. That's under 3000 cubic meters of gold, and about 51000 cubic meters of silver. An olympic swimming pool is a MINIMUM of about 1355 cubic meters - and new standards (2004 onwards), 2500 cubic meters or more. You cannot fill two of them with the world's total gold. (Which, by the way, means that Middle Earth of the PJ Movies has, just in Smaug's horde alone, more gold than the entire modern world. Given the 110 coins per kg of D&D5e coins, the total coinage of gold, assuming only 12kt (to double the available volume, and thus only have 55 coins per kg of gold), there would be only about 3 million coins total in the world. and about 29 billion coins worth of silver. Oh, and note: over half of the gold and around half of the silver ever mined has been mined since about 1800... That's why many of us find it silly. The coins are WAY too big (measuring with the heaviest in both current and historic circulation), and are undervalued by a lot. (Historical silver pennies of 1 dwt were about 291.6667 to the modern pound, about 0.9 fine; the gold penny was 12-14kt and the same 1 dwt. A copper coin of 1 dwt would have been worth about 1/80th of a penny.) Historic british rates: Gold, 18kt 12x to 20x comparable siver weight at 0.9 fine Silver at 0.9 fine worth between 50 and 100 x the weight of copper. Platinum almost unknown; priceless. Modern rates, just for comparison: Gold $1134.70/ t oz or $56/dwt Platinum $1012.00/ t oz or $50/dwt Silver: about $15/ t oz or $0.75/dwt Copper: about $2.27/ lb av or $0.0078/dwt. And we're talking 5.8dwt coins. So, given today's spot prices (from kitco silver's pages) a ... Copper Piece should be about $0.045 Silver Piece should be about $4.35 Gold Piece should be about $324.80 Platinum Piece should be about $290.00 We can excuse platinum - in a medieval setting, it's extremely hard to work, and almost unknown. [url]http://www.statista.com/statistics/248991/world-mine-reserves-of-gold-by-country/[/url] [url]http://www.statista.com/statistics/273649/silver-reserves-of-countries/[/url] [/QUOTE]
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