Silver Melt value

coinbuf

Is there a web site that has the silver weight of each US coin to determine what its melt value is?

Chris

Sequitur

Melt value, but make sure you adjust the spot price.

Edited: woops, that's gold value. Not sure if there's a silver equivalent. I'd be surprised if there is.

numonebuyer

Good Link to try

Boom

Redbook should have the weight of all coins, including silver quarters...hold up...let me grab a book. You know when to come to PCGS' home page? They have what "Spot" is on any given day...that's per ounce. A Wash 25c, like most old silver coinage is 90% silver, 10% copper.

An ounce is 28 grams and a quarter is appropriately call this because it is 6.25 grams or 3/4 of a gram short of being a quarter of an ounce. You have to allow for the 10% copper in the formula too.. 7 grams is a quarter of an ounce. Therefore take 6.25(grams) and muliply it by .90 and you have 5.625 grams of silver in an old quarter, 1.375 grams short of a full quarter ounce of PURE silver!

Take spot on any given day and divide it by 5.625 and you have your true melt value for a 90% silver quarter! Let's assume "spot" is $6.50 an ounce. With these numbers, your quarter would then be worth $1.155555555 or $1.16 just for the silver "melt" Don't forget...copper has melt value too. That's why they quit using copper and started using a cheap alloy!

ibzman350

Chris,

my Coin manage software includes a table that shows both gold and silver values for various denominations,

Let me know what your looking for, I'll look it up

Herb

granddad

I sold silver coins to a dealer yesterday at 4.3 times face. How does that compare to other areas of the country. I am in Rhode Island.

Louis

Boom

Granddad, that's pretty dog-gone close to my formula, now isn't it?

KenzoT

There are 31.1 grams in an ounce of precious metal.
28 grams in an ounce of Cheerios,
Please adjust your formulas for this.

DominusDeus

31.10348 grams in a troy ounce
28.34952 grams in an ounce

MICHAELDIXON

I have 10 of the Silver Value Charts that Numismatic News gives away at shows. They show the value of U.S. and Canadian silver coins at Silver prices ranging from $3.00 to $7.50. If you would like one, send me a PM and I'll ship one to you.

DanArgent

A better place to get silver spot prices is kitco.com Look at the new your silver price if you are in the US. I do silver smithing (hence the argent part of my name) and I have often melted old silver peices for people to sell. The easiest way to do this if it is 10% copper is not to separate the copper from the silver and sell it as .999 fine but to buy .999 fine shot bullion and add just enough shot to your crucible to raise the .900 to .925 and sell it as sterling. Alternativly you can raise it to .954 if you are in britain for britainia. Make sure that you have enough silver to begin with to make it worth the assaying costs, because noone will buy it if it isn't assayed and stamped. Also, the price of most silver US coins in decent condition is higher than the melt price so only do this with little know silver commemeratives and such.

Dan

NoGvmnt

In the back of the Red Book they have Bullion Price Charts for both Gold and Silver coins (look up the specific page number in the index under "Bullion Price Charts").

They have the price of silver (or Gold) in the left column and the denominations along the top with the corresponding bullion value below each denomination.

They also list the bullion weight for each coin.

Jim

DanArgent

Dont trust prices in books because even if they were published in the last month the price could be 10-20% different by now. it goes up and down all the time like stock prices. I wouldn't sell shares of General Electric based on a price that was shown in a book that was published at the biggening of the year. Wall street journal also has a daily silver price.

Dan

NoGvmnt

"Dont trust prices in books because even if they were published in the last month the price could be 10-20% different by now. it goes up and down all the time like stock prices. I wouldn't sell shares of General Electric based on a price that was shown in a book that was published at the biggening of the year. Wall street journal also has a daily silver price."



Dan, they list bullion prices from $3.00 all the way up to $9.00 per ounce on silver and from $200.00 to $500.00 on gold.

Jim

DanArgent

so what good is their price if it is such a wide range? If you want to know how much you can sell the silver for you need to have an acurate price.

NoGvmnt

"so what good is their price if it is such a wide range? If you want to know how much you can sell the silver for you need to have an acurate price. "


Dan, just look at the chart in the damn book and you will know what I'm talking about. Their "RANGE" is in 50 cent bullion value increments, if you can't figure out the value by those increments, get a calculator. SHHHHEeeeeeeeeshhhhh!

And, by the way, no dealer will offer you bullion value for your coins, as a matter of fact, most will offer 20 - 30% less than bullion value. Just ask some of the dealers here.

Jim

100proof1957

Business section of my newspaper lists the following.
$1000.00 face value Silver @ bid $ 4908.48
MS65 Morgans @bid $118.00
MS65 Peace @ bid $117.00
MS65 Walkers @bid $ 90.00

Proof

mayor1

NN also puts out a gold value chart for "Commonly traded U.S. and World gold coins" that covers $100 to $500 in increments of $10 and also gives the change in value per $1 increase. You can usually find these charts as freebies at shows although they show a price of $1.50 on the front.

PhillyJoe

So in simple terms, a silver dollar has twice the silver of a half which has twice the silver of a quarter which has 2 1/2 times the silver content of a dime? All pre '64 of course.

If that's true, which weighs more, a ton of bricks or a ton of feathers?

Joe