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"Double clad" gold-filled sheet is produced with 1 ⁄ 2 the thickness of gold on each side. One-twentieth 14Kt double clad gold-filled has a layer on each side of 1 ⁄ 40th 14Kt making the total content of gold 1 ⁄ 20. The thinner layer on each side does not wear as well as single clad gold-filled. [citation needed]
American Metal Market (AMM) is an online provider of industry news and metal pricing information for the U.S. steel, nonferrous and scrap markets. Products include a daily publication available electronically, live news on the publication's website, a hard-copy magazine and a series of weekly newsletters covering niche markets.
In 1970, South Africa produced 995 tonnes or 32 million ounces of gold, two-thirds of the world's production of 47.5 million ounces. [2] Production figures are for primary mine production. In the US , for example, for the year 2011, secondary sources (new and old scrap) exceeded primary production.
In the US, scrap prices are reported in a handful of publications, including American Metal Market, based on confirmed sales as well as reference sites such as Scrap Metal Prices and Auctions. Non-US domiciled publications, such as The Steel Index , also report on the US scrap price, which has become increasingly important to global export markets.
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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.
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