Metal Prices. Silver - Coin Community Forum

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Author	Replies: 8 / Views: 1,196
Slerk Pillar of the Community Russian Federation 1557 Posts	Posted 12/01/2021 9:41 pm Looking through the information about coins on the NGC website, I found strange prices for the metal content in this coin. For example, if you go in and find out how much the metal costs in 3 cents (silver), you can see the price at $22.48, the 10-cent coin (barber) has a price of $22.49. Do they have a mistake or have silver prices increased dramatically ? Report this Post to the Staff

Ariette Valued Member United States 295 Posts	Posted 12/01/2021 11:49 pm Sounds about right for the spot price of silver. What's the issue? Report this Post to the Staff
just carl Bedrock of the Community United States 20753 Posts	Posted 12/02/2021 07:57 am Remember that regardless of what anyone says about metal prices, it almost always is what is POSSIBLE. If and when you try to sell anything metal, no one really gives you what is posted as the price of that metal. Report this Post to the Staff
Zurie Pillar of the Community United States 5663 Posts	Posted 12/02/2021 10:37 am It looks like on the NGC coin explorer, what they are calling "melt value" is actually just current silver spot price, and you have to figure out melt value yourself since they also give you ASW. Report this Post to the Staff
Slerk Pillar of the Community Russian Federation 1557 Posts	Posted 12/07/2021 01:44 am What is ASW? Why is there only $ 0.01 difference in metal between 3 cents and 10 cents on the NGC website? And why doesn't anyone pay me the market value of the metal in the coin? I thought that no one would ever sell me coins below the value of the metal in it, isn't that so? Report this Post to the Staff
Conder101 Bedrock of the Community United States 17884 Posts	Posted 12/07/2021 3:16 pm ASW = Actual Silver Weight Report this Post to the Staff
Zurie Pillar of the Community United States 5663 Posts	Posted 12/07/2021 3:36 pm Yes, multiply ASW by NGC's "Melt Value" to get the value of silver in the coin. So a Three Cent Silver currently has a silver value of 49 cents. Report this Post to the Staff
Dearborn Moderator United States 95075 Posts	Posted 12/07/2021 7:45 pm Quote: What is ASW? and here I was taught that ASW meant Anti Submarine Warfare. But this is an interesting subject. Collecting since 1972. Learning from then on "Tell me and I forget. Teach me and I remember. Involve me and I learn." - Benjamin Franklin 7070 type set coin count: 51/76 Uncirculated American Silver Eagles My American Silver Eagle Proof Collection Sacagawea Dollars Innovation Dollars Eisenhower-Dollars Kennedy-Half Dollars Washington-Quarters Roosevelt-Dimes Buffalo-Nickels 1938-2005 Jefferson-Nickels Lincoln-Cents Report this Post to the Staff
Slerk Pillar of the Community Russian Federation 1557 Posts	Posted 12/09/2021 02:25 am Thank you all for the clarification Report this Post to the Staff
	Replies: 8 / Views: 1,196

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