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 Replies: 21 / Views: 25,382 |
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New Member
United States
7 Posts |
Hello everyone I am new to this site and I have a question. I have a 1/2 troy pound silver eagle coin year 2000 in mint condition can anyone tell me what the value of something like this is?
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Valued Member
United States
384 Posts |
Welcome to the forum! These coins are not made by the US Mint, so there is no numismatic premium. It's value is equal to the amount of silver content only. 1/2 troy pound should be approximately $210.
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New Member
 United States
7 Posts |
Thank you for your help :)
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New Member
United States
7 Posts |
Can you tell me where this coin was made?
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Pillar of the Community
United States
4008 Posts |
Probably not unless you have photos of both sides that you can upload here.
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Pillar of the Community
United States
3670 Posts |
Keep in mind, 12 oz. in a troy pound, and sixteen in a standard.... Seems like another member posted that the makers of those larger silver Eagles, know most associate a half pound as 8 oz., instead of the true toy 6, so I think and I could be way wrong, but I think you have an 8 oz. coin.... Of course 35 times 8 is 280, so on ebay that guy would pass 300 for sure if it is indeed an 8 oz. silver round, and probably would go close to 400 the way folk have been bidding crazy lately on silver. Seeing as how many have an 8 oz. silver round set with buy it now set at 5 and 6 hundred, way over spot in some cases.... |
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Rest in Peace
United States
9104 Posts |
If they're using 8 butcher oz, that's only 3500 grains, where 8 troy oz is 3840 grains, roughly 10% more.
Weights should either be given in grains, or exact troy oz or avoirdupois oz, not "half or quarter" pounds, without specifics.
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Pillar of the Community
United States
4008 Posts |
Quote:
Weights should either be given in grains, or exact troy oz or avoirdupois oz, not "half or quarter" pounds, without specifics. - BiggFredd I agree. Pounds and fractions thereof are confusing. Even grams would be an improvement. |
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Pillar of the Community
United States
3670 Posts |
Thank You Ed and Fredd I agree....
Like we were talking about gold coins being LESS popular in foreign form via the tougher calculations to get a true gold weight....
Why don't dealers just list for an odd ball example the total weight of coin what ever that is, and the gold content being say 3.18 grams of gold?
I think the common noob like myself can relate to a Mexico 5 gold peso being 4.2 grams of gold, instead of listing it as (.1205) troy, which is just confusing to most and steers them away....
Biggfredd, could you show me a simple formula to translate that (.1205) figure for example into say 4.2 grams so I can figure out other coins in the futures gold weight, as I am no math wiz like yourself?
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Valued Member
United States
384 Posts |
I understand the problem these rounds create, being from random Mints, however I don't think there should be any confusion in this case, because the OP clearly said it was 1/2 TROY pound.
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Rest in Peace
United States
9104 Posts |
Quote:
I think the common noob like myself can relate to a Mexico 5 gold peso being 4.2 grams of gold, instead of listing it as (.1205) troy, which is just confusing to most and steers them away.... I always just remembered a 50 peso was 1.2056 tr oz, and calculated accordianly. The world standard for gold is tr oz and pennyweight (dwt), which are 1/20 of a tr oz. Calculating in grams simply confuses people. Quote:
Biggfredd, could you show me a simple formula to translate that (.1205) figure for example into say 4.2 grams so I can figure out other coins in the futures gold weight, Again, if you multiply spot (or rover, or whatever puppy you have handy) by that decimal, you get gold value. There's 31.103 grams to the tr oz, so you'd simply multiply 31.103 by the decimal portion of an ounce (in this case .1205), to get 3.75 grams. Your next question is prolly "why 3.75 g instead of 4.2 g?" The coin weight is 4.2 g, but that includes an alloy. Only 90% is gold, so 4.2*0.9 = 3.78 (rounding error accounts for the rest, it prolly was 4.166666*0.9 = 3.75). If it was 22K, like AGE, you'd multiply the coin weight by 22 and divide by 24. Once you have your gram gold weight, you have to multiply that by the value of a gram of pure gold, which is the tr oz figure divided by 31.103. If your eyes have glazed over by now, quit making it difficult for yourself. Multiply spot by that .1205 figure, and that's the value of the gold. There are times to use the metric system. This ain't one of them. |
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Pillar of the Community
United States
3670 Posts |
Nice, thank you BF!!
Now that makes exact sense and that would have been my next question, lol. Esp the part about 4.2 really being 3.75 via to account for the other 10% alloy....
And a fellow who was selling the Mexico 5 peso had it listed as total weight, 4.2 grams, so he was not false advertising for example, as he was not claiming 4.2 grams of gold, as he had gold amount listed as (.1205)....
In the end, I think if the dealers took a minute to apply those formulas and list total coin weight, then total gold weight in grams, they would sell more in the long run....
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Rest in Peace
United States
9104 Posts |
We try to remember to list pure weight in troy and grams, gross wt, purity, karat, and anything else that might help the sale.
Same way on other items, include weight and dimensions in American and metric.
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Pillar of the Community
United States
4008 Posts |
Quote:
Calculating in grams simply confuses people. Those of us who have used the metric system for a long time are not confused by grams. I agree that some people are confused by them, though. We had a great opportunity to go metric back in the 1970s but blew it. Remember all those metric road signs we had that also included English measurements on them? The English measuring system sucks so bad that even the English no longer use it. They do have a few left-overs, though. I was intrigued to see all of their speed and distance road signs in metric measurements but would also see signs that read "Turn-off ahead, 440 yards". They could just as easily have said "400 meters" and been reasonably close but they didn't. I guess that miles and fractions thereof are still with them for now. |
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Valued Member
United States
368 Posts |
I have a 2000 1/2 pound Silver Eagle as well....when weight, it comes out to 6 troy ounces....so it's a little deceiving. Be careful.
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Rest in Peace
United States
9104 Posts |
Ed-
Even Latin is metric. I remember where "millia passum" was always translated as "a mile". Since it means "1000 paces", it would be almost exactly a km, nowhere near a mile.
The biggest stumbling block to adapting the metric system is that so-called "educators" insist on trying to teach it as conversions from English measurements. That's stupid. If you want the metric measurements of a desk, you don't measure it in feet and inches and convert to meters. You pick up a meter stick and measure it.
LL-
Not at all deceiving. A half pound of silver is exactly 6 troy oz.
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Replies: 21 / Views: 25,382 |
Posted 05/21/2011 5:37 pm
