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Platinum coating

Are platinum coated razor blades really coated with platinum? That's an awefully expensive and rare metal to put on a 20 cent razor blade.
 
As far as I know, yes. But any modern blade coating is very, very thin: just a few atoms wide on the final bevel and edge of the blade. As far as cost of good sold, my guess is the wrappers and blade packs probably rank higher.
 
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