To determine the value of the silver content of coins, i.e. "bullion value":
1. Determine the amount of silver in the coin - for instance, a US silver dollar contains .7736 troy oz. of silver. 2. Find out the daily "spot" price for silver- at www.kitco.com or similar sites. 3. Multiply the spot price by the troy oz. of silver in your coin. 4. The result is the dollar amount worth of silver that the coin contains.
I never thought that growing old would happen so fast. - Jim
Whoops. I am sure most everything has been said except, hey Lewis, I've got a lot of silver I will sell you at 12x face. A lot, more than you can afford I'm sure, because if you buy at those levels, I will buy every single gram of silver I can and sell it directly to you. Wanna deal?
A heavy stack of old worn coins. Thier value in metal or face enjoins. How heavy the power a gift would wiegh. To change them back to thier first day. RDVL
People have different ways of buying . I am not into the spike and dip buy/sell game. Here in a nutshell is my silver buying stratedgy....
I started out picking up silver in either 1973 or 1974 , at around I think about $ 2 ounce ? My game plan has always been this, Buy and hold. I have never sold silver, ever, nor do I plan to. I don't buy during the dips, and I don't sell during the spikes, I just simply buy.
I do not buy hundreds of pounds at a time, but I buy it when I see it. Last year I was buying at 6x face , this year it seems 10x face is the average., but that won't last much longer. I am also willing to pay $ 1 each over spot for silver eagles. That sounds like I am over paying there also, but not the way I look at it. I generally buy dollars at 12-13x face , again, I know I am paying slightly more than they are worth (as far as silver content) however, I don't care. Plus we all know the dollar coins hold a slight premium. I am buying, and holding . I know a few years down the road I will be very happy with my purchasing decissions.
True , I could buy large volumn ($1,000 face bags for example) and get a bit of a price break, probably down around 9.5x face . But despite what others have assumed, I do not buy that much at one time. As I said earlier, it does NOT matter to me if I buy in right now at 10x face or 11x face . When you buy in smaller quantities, usually right now 10x face is the absolute best deal you can get. In the future silver will be traded at 20x face and beyond. And I will have mine. ALL mine, because I NEVER sold ANY of mine on the spikes .
Please keep in mind, the orignal poster was talking about dumping off $ 30 face. A small amount . I simply said silver content puts it at 10x face right now, and that I wouldn't sell for less. I also said that I "often" not always, but often buy at 10x-12x myself .(12x being the max NOT the average depending on what mood I am in on that particular day))If we had been within arms reach of each other, I would have probably bought his lot at $ 300 . Why ? Because # 1 , it's worth every penny of it , # 2 It will be worth even more this time next year # 3 If I see it, and I want it, I will buy it .
I guess to most people on this board that seems wacky and dumb. I don't know . It's no more dumb than buying a key or semi key date at $ 110 % of greysheet, if #1 you feel ,in your gut , that the coin will increase in value over the next 20 years and # 2 you want the coin.
<< <i>To determine the value of the silver content of coins, i.e. "bullion value":
1. Determine the amount of silver in the coin - for instance, a US silver dollar contains .7736 troy oz. of silver. 2. Find out the daily "spot" price for silver- at www.kitco.com or similar sites. 3. Multiply the spot price by the troy oz. of silver in your coin. 4. The result is the dollar amount worth of silver that the coin contains. >>
Nah, the easiest way is to just go to coinflation.com. It has silver content per coin updated by the minute (or hour or whatever) based on current spot, so there is no calculator needed. It's just right there already calculated for you.
Comments
1. Determine the amount of silver in the coin - for instance, a US silver dollar contains .7736 troy oz. of silver.
2. Find out the daily "spot" price for silver- at www.kitco.com or similar sites.
3. Multiply the spot price by the troy oz. of silver in your coin.
4. The result is the dollar amount worth of silver that the coin contains.
- Jim
Thier value in metal or face enjoins.
How heavy the power a gift would wiegh.
To change them back to thier first day.
RDVL
Here in a nutshell is my silver buying stratedgy....
I started out picking up silver in either 1973 or 1974 , at around I think about $ 2 ounce ?
My game plan has always been this, Buy and hold. I have never sold silver, ever, nor do I plan to.
I don't buy during the dips, and I don't sell during the spikes, I just simply buy.
I do not buy hundreds of pounds at a time, but I buy it when I see it.
Last year I was buying at 6x face , this year it seems 10x face is the average.,
but that won't last much longer.
I am also willing to pay $ 1 each over spot for silver eagles.
That sounds like I am over paying there also, but not the way I look at it.
I generally buy dollars at 12-13x face , again, I know I am paying slightly more than
they are worth (as far as silver content) however, I don't care. Plus we all know the dollar coins hold a slight premium.
I am buying, and holding . I know a few years down the road I will be very happy
with my purchasing decissions.
True , I could buy large volumn ($1,000 face bags for example) and get a bit of a price break,
probably down around 9.5x face . But despite what others have assumed,
I do not buy that much at one time. As I said earlier, it does NOT matter to me if I buy in
right now at 10x face or 11x face . When you buy in smaller quantities,
usually right now 10x face is the absolute best deal you can get. In the future silver will be traded at 20x face and beyond.
And I will have mine. ALL mine, because I NEVER sold ANY of mine on the spikes .
Please keep in mind, the orignal poster was talking about dumping off $ 30 face.
A small amount . I simply said silver content puts it at 10x face right now,
and that I wouldn't sell for less. I also said that I "often" not always, but often
buy at 10x-12x myself .(12x being the max NOT the average depending on what mood I am in on that particular day))If we had been within arms reach of each other, I would have probably bought
his lot at $ 300 . Why ? Because # 1 , it's worth every penny of it , # 2 It will be worth even more
this time next year # 3 If I see it, and I want it, I will buy it .
I guess to most people on this board that seems wacky and dumb.
I don't know . It's no more dumb than buying a key or semi key date at $ 110 % of greysheet,
if #1 you feel ,in your gut , that the coin will increase in value over the next 20 years
and # 2 you want the coin.
Lewis
Buying right is half the fun.
Check out my current listings: https://ebay.com/sch/khunt/m.html?_ipg=200&_sop=12&_rdc=1
<< <i>To determine the value of the silver content of coins, i.e. "bullion value":
1. Determine the amount of silver in the coin - for instance, a US silver dollar contains .7736 troy oz. of silver.
2. Find out the daily "spot" price for silver- at www.kitco.com or similar sites.
3. Multiply the spot price by the troy oz. of silver in your coin.
4. The result is the dollar amount worth of silver that the coin contains. >>
Nah, the easiest way is to just go to coinflation.com.
It has silver content per coin updated by the minute (or hour or whatever)
based on current spot, so there is no calculator needed.
It's just right there already calculated for you.
Lewis