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Author	Replies: 6 / Views: 1,093
chris12018 Pillar of the Community United States 2130 Posts	Posted 05/21/2009 07:04 am What is the calculation for buying silver coins (90% & 40%) for silver content? Edited by chris12018 05/21/2009 07:30 am Report this Post to the Staff

dreamstones Valued Member United States 292 Posts	Posted 05/21/2009 07:12 am I think it's about 10X face for US coins (90%)...not sure about foreign coinage, I'm sure others will chime in... Report this Post to the Staff
nohope587 Pillar of the Community United States 5953 Posts	Posted 05/21/2009 07:47 am Actually its a little over 10x at the moment a local dealer was offering 10.1 buy and 11.5 sell Report this Post to the Staff
om617 New Member United States 24 Posts	Posted 05/21/2009 07:50 am With silver at $14/ozt, 90% coins are worth right at 10x face value. The math for dimes, quarters, and halves is: [face value] x .715 x [spot price] = bullion value. Each dollar weighs 25 grams, which works out to .723ozt of silver in uncirculated coins. With circulated junk silver, figure .715ozt to account for wear. Silver dollars are a little heavier at 26.7g, or .773ozt uncirculated. 40% coins contain .295ozt silver per dollar. Expect to pay a little over spot price and sell for a little under; my local coin shop is currently selling for 10.7x face and buying at 9.3x face, based on $14.25 silver. Tom Edited by om617 05/21/2009 08:01 am Report this Post to the Staff
nohope587 Pillar of the Community United States 5953 Posts	Posted 05/21/2009 07:55 am As you can see it depends on where you live... Local supply and demand will cause fluctuations in the price Report this Post to the Staff
chris12018 Pillar of the Community United States 2130 Posts	Posted 05/21/2009 07:56 am Thanks to all for your help. Chris Report this Post to the Staff
Parklane64 Rest in Peace United States 2668 Posts	Posted 05/21/2009 11:13 pm Got this from a previous thread here. http://www.meltvalue.silvermonthly.com/ Report this Post to the Staff
	Replies: 6 / Views: 1,093

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