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A Test Of US Coins For Silver Content

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KurtS's Avatar
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5318 Posts
 Posted 01/10/2009  8:43 pm Show Profile   Bookmark this topic Add KurtS to your friends list Get a Link to this Message Number of Subscribers
After a test of world silver coins indicated lower SGs than expected for official silver content, I began to wonder if this same disparity applied to US silver coins?

To verify my methods were accurate, I first tested a control group of 9 bronze and cupro-nickel coins where composition probably varies little, given fewer economic motives. In the chart below, the darker vertical bar shows the actual specific gravity for each coin, and the lighter top bar indicates any disparity between measured values and specs for each coin. Interestingly, the discrepancy only varies from 0-1.6%--remarkably low tolerances considering my homemade testing methods and any possible variances in coin alloys.

A-Test-Of-US-Coins-For-Silver-Content

Coins represented by the control sample.
1. US Lincoln bronze cent, average of 3 coins: 1958, 1968, 1972.
2. Canada bronze cent, average of 3 coins: 1943, 1962, 1965.
3. Australia 1989 bronze 2 cent
4. Australia 1943-m bronze halfpenny
5. Finland 1 Markka (cupro-nickel)
6. US 2006 CuNi 5c
7. Iceland Bronze 1956 1 Eyrir (to see accuracy for smaller coins)
8. Poland CuNi 1995 1 Zloty
9. Canada Ni 5c

Given the apparently close tolerances of the control group, I was a bit surprised by the degree SG results varied for US silver coins against expected values. The results below are the average of 3 separate tests. Being rather skeptical and a stickler for details, I checked another "control group" of 4 bronze and CuNi coins between each silver test. For the control group, the variance between test and mint specs were only 0.2-1.8% (all on the low end, an average of 3 tests for each coin).

And here are the new results for US silver coins

1954 Franklin 50c = 10.17, SG test .800 silver / .200 copper (-1.7%, within margin of error)
1932 25c = 10.0, SG test approx. .750 silver / .250 copper (-3.3%)
1853 25c = 10.11, SG test approx. .775 silver / .225 copper (-2.2%)
1964 50c = 10.24, SG test approx. .850 silver / .165 copper (-1%, within margin of error)
1964 50c (second test coin) = 10.22, SG test approx. .835 silver / .165 copper (-1.1%, within margin of error)
1966 Mexico Peso = 9.06, SG test approx. .100 silver / .900 copper --this is as expected!

Interesting how the Mexico 1 Peso is very close to specification, while several US coins are somewhat low.


On the other hand, other world coins fared somewhat worse for silver content, as shown below by SG results against mint specifications.
There I have noted baselines for .925, .800, and .500 silver content.

A-Test-Of-US-Coins-For-Silver-Content

Calculated actual silver content, based on SG:
1. Australia 1916 Shilling, SG test approx. .800 silver / .200 copper
2. Australia 1924 Shilling (this tested slightly higher than sterling .925)
3. Australia 1959 Shilling, SG tested below .300 silver / .700 copper
4. Australia 1921 Sixpence, SG tested close to .750 silver / .250 copper
5. Australia 1934 Sixpence, SG tested same as .925
6. Australia 1942 Sixpence, SG test approx. .600 silver / .400 copper
7. Australia 1954 Sixpence, SG test approx. .350 silver / .650 copper
8. India 1913 1 Rupee, SG tested close to .835 silver / .165 copper
9. US Kennedy 50c 1964, SG tested approx. .800 silver / .200 copper
10. Switzerland ½ Frank. Two different coins, exact same SG results as .500 silver / .500 copper (it should be .835)
11. Canada 1947 25c, SG tests closest to .750 silver / .250 copper
12. Canada 1913 10c, SG test approx. .700 silver / .300 copper
13. Newfoundland 1943 10c, Spec is .925, coin SG is closest to .500 silver / .500 copper


Here are a few specific gravity values calculated for silver content with the remainder copper:

.999 = 10.49 (ASEs, silver rounds and bullion should test to this)
.935 = 10.41 (Some Spanish colonials)
.925 = 10.39 (Sterling silver, ie Canada to 1919, Australia to 1945)
.917 = 10.38 (Some Spanish colonials)
.900 = 10.34 (US Coin silver)
.850 = 10.23 (Swiss silver coinage)
.800 = 10.17 (Canada to 1967)
.750 = 10.08
.600 = 9.84
.500 = 9.68 (most Australian pre-decimal silver after 1945)
.400 = 9.53
.300 = 9.38
.200 = 9.23
.100 = 9.09 (Mexico 1 Peso 1957-67)
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BH1964's Avatar
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10982 Posts
 Posted 01/10/2009  11:03 pm  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply
Hi Kurt and thanks for this information. I have a question before going too far into this. Per your data I copied this:

And here are the new results for US silver coins
1954 Franklin 50c = 10.17, SG test .800 silver / .200 copper (-1.7%, within margin of error)
1932 25c = 10.0, SG test approx. .750 silver / .250 copper (-3.3%)
1853 25c = 10.11, SG test approx. .775 silver / .225 copper (-2.2%)

Are you saying that these coins, purportedly 90% silver, are actually 75-80% silver? I did a double take on these numbers because they are vastly different from what has been established.

Please comment.
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KurtS's Avatar
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5318 Posts
 Posted 01/10/2009  11:50 pm  Show Profile   Bookmark this reply Add KurtS to your friends list Get a Link to this Reply

Quote:
Are you saying that these coins, purportedly 90% silver, are actually 75-80% silver?

Let's say I'm leaving that up to interpretation, given the possible margin of error.
However, a few of those US coins do appear underweight in silver content, although not as much as some other coins I've tested.
On the other hand, should we be surprised that a Depression-era quarter is underweight in silver?
I'll test more coins as time permits.
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United States
10284 Posts
 Posted 01/10/2009  11:55 pm  Show Profile   Bookmark this reply Add TNG to your friends list Get a Link to this Reply
Yes that jumped out at me too about the .800 for the Franklin half which I thought all US silver minted coinage was .900 and took that as a given.
When they had reduced size of coins, I thought that was how they balanced the economy per value of coins.
The 1853 with arrows coins for example, but I always thought that they were still 90% silver or .900.

I would wonder how Silver clad halves from the 60's which I have been led to think are 40% silver and and War Nickels at 35% silver would do in this test.

I just made an auction and mentioned that I believe the Canadian coins I have included are .800 silver now I am wondering about this too.
Very interesting work you have done KurtS. Thank you!
Quite a bit over my head but then not too far over my head that I start thinking about what the true silver content of the US coin is.
The government ... but they wouldn't lie to us now would they?
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United States
10284 Posts
 Posted 01/11/2009  12:06 am  Show Profile   Bookmark this reply Add TNG to your friends list Get a Link to this Reply
Now I got to thinking a little more ... Uh oh
Maybe the melt value of a US Silver Coin is .900 silver and the difference in value would be the other metals that we give away in the Bullion Exchange.
Nobody ever expects to get the copper nickel value of a coin too when they sell a coin for melt value. We just ask for the money for the silver and give the other metals away.

Like I said ... Uh oh ... thinking again.
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BH1964's Avatar
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10982 Posts
 Posted 01/11/2009  01:10 am  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply

Quote:
Let's say I'm leaving that up to interpretation, given the possible margin of error.


One more question: Are you using 10.34 as your target SP for 90% silver coinage? If not, what is the target?

Thanks Again - I needed to brush up on my algebra!
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KurtS's Avatar
United States
5318 Posts
 Posted 01/11/2009  01:58 am  Show Profile   Bookmark this reply Add KurtS to your friends list Get a Link to this Reply

Quote:
One more question: Are you using 10.34 as your target SG for 90% silver coinage?
Well, I should be! The other SG numbers I calculated myself, but the 90% figure from a site is obviously wrong; and my own calculation gives 10.349. I'll need to go back and revise my numbers, which doesn't exactly improve the results for these US coins. Thanks for correcting me--I fixed a few results!

Quote:

The government ... but they wouldn't lie to us now would they?
It may simply be oversight or seen possibly as additional seigniorage on the coin they issue. After all, these coins bear only a denomination, not a stamp of purity. However, I'm surprised that I've never heard of this before my tests, despite a few of these were obviously under spec.
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