How much money is 100 mills worth?

Answer 1

A MIL is 1/1000 from the Roman M (1000) this year in Roman is MMXVIII ; M(1000) + M(1000) + X(10) + V(5) + I(1) + I(1) + I(1) = 2018

A MILL is from Arabic numbers and is 1/1,000,000

When you are talking about "bullion bars"... 100 MILLs refers to the MASS of gold used. MILL not MIL Again, a "MILL" is one/1000000th (0.000001) of an Troy Oz.

The so-called "100 mill bullion bars" that you might see on eBay or Overstock.com are nothing less than attempts to RIP OFF THE UNWARY. These "bullion" bars are nothing but copper or other base-metal bars electroplated with anexceedingly thin surface of gold (or silver, as the case may be). To keep these ads "legal," somewhere buried in the verbiage it will say that the bars are base metal electroplated with a micro-thin layer of precious metal.

There is 31.10348 Grams per troy oz

1 MILL is one millionth of a troy ounce

So 31.10348(Grams per Troy Oz) X .000001 (one millionth of a Troy Oz) = 0.00003110348 of a Gram

1 MILL = 0.00003110348 Gram

Today Gold is at $42.24 per gram

So 0.00003110348 (of a Gram) X 42.24(price per Gram) = $0.0013138109952

So a 100 MILLs of gold is worth $0.0013138109952(price per MILL) X 100 = ~ $0.13

These bars are NOT WORTH A SINGLE BREATH of your time. If you were to buy one, good luck trying to sell it to anyone. This truly is BUYER BEWARE time.