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 Replies: 12 / Views: 1,183 |
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Pillar of the Community
Canada
1931 Posts |
I have a lot of silver coins that are of low grade but still "valuable" for their silver content. problem is I am mathematically challenged to put it nicely and I just can't figure out how all of you come to a total for value in terms of silver. (i do have a scale if this will help me at all)
Also, is anyone actually selling at exact spot price or does everyone still sell at a bit higher because spot prices are eventually going to go back up?
thanks
malissa
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Pillar of the Community
United States
1231 Posts |
What type/kind of coins are they?
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Pillar of the Community
 Canada
1931 Posts |
well,... I have us halves, quarters and dimes and I have canadian dimes, and quarters.
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Pillar of the Community
Canada
1931 Posts |
hi onejinx thanks for sending that link. just another question or two for ya
it shows all american spot prices and then it shows the little box that explains value for canadian coin.....is the price there by canadian coins in us or canadian currency?
and... where it says in the canadian box there, per dollar face value $6.60 does that mean I can just add up any of my canadian silver even say $1.00 in dimes and that equals $6.60 in silver? (and again us or canadian)
sorry if that sounded befuddled but I am feeling exactly that. lol
thanks for your help
oh also, still wondering if anyone is actually selling at spot or if everyone is still selling at a bit higher or more because the value of silver is bound to rise?
thanks again
malissa
Edited by malissadawn
02/05/2009 8:57 pm
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Pillar of the Community
Canada
1931 Posts |
oops I found the place to click to convert it all to canadian. still curious about what people sell for though. if it were you would you sell at exactly spot price?
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Bedrock of the Community
United States
10982 Posts |
Sounds like you may already have this link: http://www.Deleted004.com/coin_calculators.htmlFor U.S junk silver (90%) most dealers use a multiplier. Take the face value X .715 X spot price. With silver prices up this month, I wouldn't expect much of a premium over melt but it won't hurt to ask. They keep deleting my links: one more try circumventing the bad word filter is a no no ! Metalman Edited by BH1964
02/05/2009 9:08 pm
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Pillar of the Community
Canada
1931 Posts |
oops bherring1964 that link isn't working. I hate to sound like an idiot but like I said I am mathematically challenged. can you give me an actual equation with that? lol like fv= $5.00 x .715 x $10.00= $35.00 is that right? boy I hate admitting when I dont know what I am doing.  |
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Bedrock of the Community
United States
10982 Posts |
Yes - your math is correct! At $10/oz spot, $5.00 face of 90% silver is worth $35.00 minimum.
Some people will pay more but most dealers use this multiplier.
Remember that spot silver is close to $13 an ounce now and as the price rises, the premium people pay over spot will likely diminish.
P.S. It's actually $35.75.
Edited by BH1964
02/05/2009 9:41 pm
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Pillar of the Community
Canada
1931 Posts |
oh yay! it finally makes a little sense to me. thank you both so much.
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Moderator
 Australia
16829 Posts |
Sorry, bherring, that site is on the CCF blacklist for excessive spamming of the forum.
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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Pillar of the Community
United States
3098 Posts |
Quote:
Sorry, bherring, that site is on the CCF blacklist for excessive spamming of the forum.
ahh... so that's why I can't post it... thanks for telling me! I thought that melting coins were forbidden in this community or something like that... |
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Valued Member
United States
290 Posts |
try Deleted004.com. It has a melt calculator. [edit: I guess my link is also a no-no. sorry. The Red Book has the silver content of coins. I know for most American 90% coins, the calculation is usually between 9-10 times the face value. I went onto that banned site. It's calcuations are currently in this range. Halves a bit over 10; dollars, just under 10; dimes and quarters closer to 9 - but 40% halves are times 3.75 and 40% IKEs are 4 times] Edited by novillero
02/06/2009 11:42 am
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Bedrock of the Community
United States
20753 Posts |
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Replies: 12 / Views: 1,183 |
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Posted 02/05/2009 8:40 pm
