| Author |
 Replies: 842 / Views: 96,368 |
|
|
|
Pillar of the Community
United States
2049 Posts |
Quote:
My LCS uses .715 assuming some wear. That's the standard in the industry, not 0.723. To do a quick calculation of the $/ounce, just take the asking price (for example 22x face) and divide it by 0.715. No need to have a full chart with you, just a calculator.  |
|
Pillar of the Community
United States
533 Posts |
Paying 21.5 x face for dimes quarters are 20.6.
Price has stayed consistent for the last month doesn't vary
Edited by jaxenro
04/28/2022 09:29 am
|
|
Pillar of the Community
United States
2233 Posts |
I didn't think about wear. Thank you for letting me know.
|
|
Pillar of the Community
Russian Federation
1557 Posts |
It always seemed to me that sellers overestimate the value of silver coins. For example, it is very difficult to find 10 cents of Mercury for a price of less than $ 5. Of course, a lot depends on the year, and more mass circulation can be grabbed for $ 3.50. I don't look at more than that, since more ratty denominations, especially 50 cents, go for $ 13-14.
|
|
Pillar of the Community
United States
877 Posts |
Ask price ÷ .715
If I am not mistaken, this calculation determines the "melt" value of $1 Constitutional silver. Premium not factored in.
Edited by Dowhat
05/07/2022 07:03 am
|
|
Pillar of the Community
United States
2253 Posts |
$1 face price divided by .715 is how much per troy ounce you are paying including premium. If cost is $22, then $22 divided by .715 is $30.769 per troy ounce. I don't know how others figure melt value, but for me 1 troy oz minus 28.5% is .715. If spot is $22, then $22 minus 28.5% is $15.73 melt value for $1 face. This is close enough for me. There are several web sites that list melt values of US gold/silver coins and also calculators. https://www.ngccoin.com/price-guide...-values.aspxhttp://coinapps.com/silver/scrap/calculator/Edited by livingwater
05/07/2022 08:33 am
|
|
Pillar of the Community
United States
877 Posts |
Livingwater, keep in mind that $1 face value of 90 percent silver does not contain 1 Troy ounce of silver. It takes approximately $1.40 of 90 percent junk silver to equal 1 Troy ounce of silver depending on wear. If you use $22 spot price x .715 you get $15.73. I you times this by 1.4 you get $22.022. Where are you paying $22.022 for $1.40 FV of 90 percent junk? Today JM Bullion offers 90 percent junk qtrs for $26.14 for $1 FV. $26.14 FV x 1.4= $36.596/toz. I just bought .9999 Maple leafs for $34.10 ea. Are my calculations off? I am sure that your LCS may be somewhat less, but probably not much. I have been shying away from junk in favor of lower premium souvenirs. Hopefully this helps more than confuses. |
|
Pillar of the Community
United States
2253 Posts |
I am keeping in mind 90% silver. I just used $22 as an example, didn't say I was buying at that price. It's dollar face cost DIVIDED by .715, not times .715 for cost per troy oz.
The $1.40 way works too though not quite as precise, a few cents difference.
Edited by livingwater
05/07/2022 11:26 am
|
|
Valued Member
United States
455 Posts |
Dowhat, the $1.40 is multiplied by the face value, not the melt value. The first line from livingwater is correct. That's how you figure how much per troy oz you are paying. It has the 90% built into the calculation. $1 fv had .7234 of pure silver in it when it came from the mint. The .715 is the calculation for wear and is the standard calculation when buying unless you know you're getting BU coins. Your calculation for the cost per oz from JM Bullion is correct. Another way to calculate it would be to divide $26.14 by .715. Essentially the same answer. I would not pay that kind of premium as much as I love 90%. Great discussion. |
|
Pillar of the Community
United States
2253 Posts |
My LCS was $22.34 dollar face yesterday. Check out Hero Bullion and SD Bullion 90% prices. Edited by livingwater
05/07/2022 12:01 pm
|
|
Pillar of the Community
United States
877 Posts |
So multiply 22.34 × 1.4. That is what you pay for 1 Troy ounce of 90 percent. Right?
|
|
Valued Member
United States
455 Posts |
Quote:
So multiply 22.34 × 1.4. That is what you pay for 1 Troy ounce of 90 percent. Right? That is correct. Not to confuse anyone but dividing by .715 also works. I've always been a .715 guy  |
|
Pillar of the Community
United States
533 Posts |
Silver spot may be down but ebay price is steady. With shipping I have been bidding 107.50 (half of the 215 I pay for 2 rolls) for a single roll of Roosevelt dimes for days and been outbid every time Edited by jaxenro
05/07/2022 10:07 pm
|
|
Valued Member
United States
455 Posts |
Yeah, it's crazy right now. Even with your "low ball" bids, that's still over $30 /oz. That's almost $7.50 over spot. I sure miss the old days!
|
|
Pillar of the Community
Canada
1751 Posts |
@Calzone I truly appreciate the effort you put into making the chart, I will find it very useful!!
|
| |
Replies: 842 / Views: 96,368 |
First Page
Previous Page
Posted 04/28/2022 08:38 am
