2000 1/2 Troy Pound Fine Silver Value

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?

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.




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.

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.

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.

Agreed, Fred. The trick would have been to convert all of the old English measurements to metric for commercial applications, which was done to some extent with 3.785L bottles of milk. Had they done that with ALL food and beverage packages, it would not have been long before people tired of all those oddball sizes and requested that they be rounded. That would give us 4L milk bottles, 250 ml pop containers, liters of mayonnaise, etc. Of course, it is doubtful that we ever would have seen 10 eggs in a carton.

As to the metric system... technically, it was standardized by the French, in the late 1700s, if memory serves me.

Some of the people I used to work with were real characters and, as great aficionados of the metric system, took great delight in coming up with new English system measurement absurdities... such as furlongs per fortnight as a velocity measurement.

I remember those days too. In fact, we treated things like that as Easter eggs to be found and held up as trophies. Our physics teacher even offered extra credit points for such finds.

Use this calculator: http://www.convert-me.com/en/convert/weight

This will show you the weight in various systems.

It will even convert your Troy Ounces to Taels (common gold measurement in the Orient) but not into Tolas (common gold measurement in India and South Asia).

http://vietnambusiness.asia/sjc-sel...-three-days/