500mill is 500/1,000,000 or 5/1000 or .005 or 0.5% at $1,400 an oz it is worth $7

# If someone says there is 500 mills of 24K gold plating on an object. How much gold is that actually ? Please and Thankyou... Leigh

A mil (one L) is a thousandth of an inch (.001). If you multiply 500 x .001 you get .500 inch Or. .5 inch or 1/2 inch