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 Replies: 21 / Views: 2,965 |
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New Member
United States
37 Posts |
Hello everyone. I know roughly how to figure out the silver value of a Morgan dollar because its almost an ounce so if silver is 16 its a little less than that. But how do I figure out the silver value of a half dollar? quarter? I know I can call a dealer and ask him what he is paying for silver and he will say 5x face value or whatever but I want to know how to figure it out the other way. I am very good at math so I think all I need is the weight of each coin right? Then take the % of silver in that weight, then times it by the value of silver right? Does anyone know the weight of each coin? If I am wrong please correct me as well. Thanks in advance and sorry this is so long. |
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New Member
United States
12 Posts |
check out this website Deleted4.com - it should give you the answers you are looking for
Edited by deerollhunter
01/21/2008 7:13 pm
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New Member
 United States
37 Posts |
the site is not coming up
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Pillar of the Community
United States
954 Posts |
Try Deleted4. For some reason the forum won't let me post an url, keeps deleting it.
Edited by Becky
01/21/2008 7:25 pm
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Pillar of the Community
United States
954 Posts |
"Deleted4"
Edited by Becky
01/21/2008 7:26 pm
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Pillar of the Community
United States
1424 Posts |
the website everyone is giving you has ben banned by this forum, that's why the links don't work.
You can get the weight of each coin from Coinfacts.com
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Pillar of the Community
United States
954 Posts |
Edited by Becky
01/21/2008 7:29 pm
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Pillar of the Community
United States
1984 Posts |
The simplest way for me is to memorize the amounts of silver in each coin, or else you may end up ripped off. If you assume that there is an ounce of silver in a Morgan you'll definitely get ripped off as the actual amount (.7734) is closer to 3/4 oz. That makes the bullion value of a Morgan dollar between $12-13 when bullion is at $16. The annual Red Book guide to US coins has the information you need, or a monthly coin mag, and the info is on lots of sites on the web--you just have to get it into a format that makes it the most accessible for the way your brain works. |
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Pillar of the Community
United States
954 Posts |
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New Member
United States
37 Posts |
I do not get ripped off because most of the morgans I buy I pay 10 bucks for...hehe
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Moderator
 Australia
16808 Posts |
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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New Member
United States
37 Posts |
I have some magazine price guides, I just looked in there and they have the weights as well as checked on that site..thanks a lot everyone. So 40% halves are worth over 2 dollars in silver? That makes me want to go get some rolls.
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Pillar of the Community
United States
2049 Posts |
I have some magazine price guides, I just looked in there and they have the weights as well as checked on that site..thanks a lot everyone. So 40% halves are worth over 2 dollars in silver? That makes me want to go get some rolls. --- That's about right. I set up a spreadsheet where all I do is punch in the daily spot price and it tells me how much each denomination (dime through dollar) is worth in silver. It only does it for the common 20th century coins (Barber dimes, quarter and halves being the oldest along with Morgan dollars) since some of the 19th century coins have variations from the usual. Based on a $16.08 close for silver here are the values (denomination, ASW in ounces, melt value per coin): DIMES 0.0723 $1.16 QUARTERS 0.1808 $2.91 HALVES 0.3617 $5.82 HALVES 40% 0.1480 $2.38 DOLLARS 0.7734 $12.44 |
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Valued Member
United States
128 Posts |
wow at $16 that is roughly 11x face for 90% coins.
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Pillar of the Community
United States
2049 Posts |
wow at $16 that is roughly 11x face for 90% coins. --- Yep at $16.08, it comes out to 11.63 times face. Not too bad huh? For every $1.38 of silver spot, it's another factor of face value. So $1.38 is 1 x face, $13.80 is 10 x face. Or conversely, take silver spot and divide by $1.38 and that will tell you what silver is times face value for these coins. It's a little different for Morgan and Peace dollars due to the silver content so that comes out to be about $1.29 for each 1 x face value. So $12.90 is roughly 10 x face value. Or conversely, take silver spot and divide by $1.29 and that will tell you what silver is times face value for these dollars. For 40% halves, it is $3.37 for each 1 x face value. So if silver spot was $16.85 per ounce, the silver content would be $2.50 per 40% half. Or conversely, take silver spot and divide by $3.37 and that will tell you what silver is times face value for 40% halves. I hope this is helpful and makes sense. |
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Bedrock of the Community
United States
20753 Posts |
You could look up the % of Silver in all coins in the Red Book. Example you could use the Mercury dime with .900 Silver and a weight of 0.7234 Oz each coin. Now if the price Of Silver is $1/oz, for example, just multiply. Same with any coin made with Silver or anything else. However, this does not take into account the wear on a coin. That means that if the coin has had 25% loss of metal the amount of silver would also be a loss. In addtion to this you are relying on the USMint to have accutually put that much Silver in the coin originally. This means the only accurate method would be to melt the coin, separate the Silver out and weigh it. |
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Replies: 21 / Views: 2,965 |
Posted 01/21/2008 7:21 pm
