Math problem...and need help

percyb

I was looking at coinflation.com for the price on Peace dollars. Correct me if I am wrong.
The silver content according to Coinflation for the Peace dollar is $18.45
However, 90% of $23.86 (last night's closing price) =$21.47

Help me with my math, please.

Here's the link. L=Text]http://www.coinflation.com/silver_coin_values.html[/L]

percyb

Sorry--here it is. Text

derryb

Coinflation "silver value" is not posted in real time. It is the correct percentage of their last posted spot price. For example coinflation is at this moment ashowing silver at 23.86 while kitco live spot price shows 23.56. In a volitile market it is always best to know actual live spot price.

SilverBaron

Ahhhhh ..... its in the details....

A Morgan / Peace Dollar has .77344 oz of silver ....

so .....

$23.86 x .77344 = $ 18.45

90% is the composition of the coins metals .... 90% silver - 10% copper.

Buttttt...

The total weight of the coin is NOT 1oz., 31.15 grams, but 26.73 grams.

so.......

$23.86 / 31.15 x 26.73 x .9 will also get you close to $ 18.45

Ciccio

The Peace doesn't weight one ounce, so you should consider 90% of 26.73 grams.
(Note that they add the copper value too.)

link

ksammut

<< <i>I was looking at coinflation.com for the price on Peace dollars. Correct me if I am wrong.
The silver content according to Coinflation for the Peace dollar is $18.45
However, 90% of $23.86 (last night's closing price) =$21.47

Help me with my math, please.

Here's the link. L=Text]http://www.coinflation.com/silver_coin_values.html[/L] >>



Coinflation prices are based on a troy ounce 31.1 grams
Peace dollar has 26.73 grams and ten 10% of that is copper.

31.1 - 26.73 = 4.37 grams short of a full troy ounce.
26.73 - 2.67 =24.06 grams of silver
24.06 divided by 31.1 = 77%

77% X 23.86 = $18.37 then add a few cents for the copper.

Edit to add that a few of you type faster than I do and beat me to it.

percyb

I've been enlightened and humbled once again.

Thanks for all of your help!!