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Replies: 19 / Views: 3,591 |
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Valued Member
United States
142 Posts |
I think this is right, but correct me if I am wrong. if silver is at 17.87 an ounce. And you half 1 ounce of scrap 90% silver. You would do 17.87 x 1 x .9 = 16.08 is that correct? Int he same way, if your dealing with a pound of 40% silver, then you would do .4, instead of .9? someone correct me if I'm wrong.
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Pillar of the Community
Canada
3692 Posts |
I'd happily give you a link to silver coin melt values for North America but last time I provided that link I got censored. Let's see what the mods have to say.
Value or worth is calculated like this. Suppose you have a Canadian 1967 silver dollar. It weighs 23.3276g and is 80% silver (20% copper I assume? confirmation?) 31.1034768g makes a troy ounce, and that is the amount by which silver is quanitified and counted. so 23ish/31ish= 0.75ish now multilply that by the fineness (80% or 0.8) and multiply that by the spot price of silver (high 17s) (23.3276/31.034768)*0.8*17.97 = $10.81
And that is the value of a Canadian silver dollar. Incidentally, Krause catalogs have something called ASW or Actual Silver Weight. You can take that number (0.6 for Canadian silver dollars) and multiply that by the silver spot price.
So you have two formulas you can use. ASW*SP (Actual Silver Weight times Spot Price) or W*F*SP (Weight times Fineness times Spot Price)
Current spot prices: 1143.40 17.97 In $CAD courtesy of BNN.
Edited by Libertad 04/21/2010 12:25 pm
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Pillar of the Community
United States
4212 Posts |
Thats the way I've always done it.
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Pillar of the Community
United States
3294 Posts |
If you ware dealing with pounds, you need to know which pound to use. The troy pound is only 12 troy ounces, not 16 like a pound of anything else.
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Pillar of the Community
United States
4212 Posts |
I tried to copy the address also, but couldnt, no big secret, they advertise thousands of places. Just do a search for (124) This link is not allowed by the Staff .
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Moderator
 United States
23522 Posts |
Quote: I'd happily give you a link to silver coin melt values for North America but last time I provided that link I got censored. Let's see what the mods have to say. There's a reason why we suppress certain links, and it has nothing to do with you personally. Some sites generate undesirable popups or have NSFW ads. Others advertise or engage in questionable business practices. Some are run by people who have spammed CCF, or engaged in conduct here or elsewhere that we find inappropriate for the family atmosphere we enforce. It's not subjective. A link we do not allow has earned that status.
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Pillar of the Community
Canada
3692 Posts |
Understood. Is there a list of banned links I can access?
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Moderator
 United States
23522 Posts |
Quote: Is there a list of banned links I can access? That's a good question. Although that decision is above my pay grade, I'm pretty sure the answer would be "no." Remember, some of the sites on the list are simply unsafe (virus/malware) for your computer to navigate, and to release the list would sorta negate the protection we're trying to provide.
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Pillar of the Community
Canada
3692 Posts |
Okay SuperDave. I gotta claim ignorance on each post now! :D
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Pillar of the Community
Canada
3692 Posts |
Now half an ounce of 90% silver would go like this. OzT(weight)*Fineness*Price 0.5*0.9*17.97
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Valued Member
 United States
142 Posts |
ahhh, yes, forgot about the troy ounce. I would have to get the weight in troy ounces instead of regular ounces. I jsut bought 8.7 ounces of silver coins on ebay the other day and wated to see what the melt value actually was.
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Valued Member
 United States
142 Posts |
so 8.7 ounces would be 7.92968 troy ounces. So it would be 7.92968 x18.08 x .9 = $129.03
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Valued Member
 United States
142 Posts |
thanks for the help guys!
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Moderator
 United States
188415 Posts |
Quote: Is there a list of banned links I can access? There is not a published list, but the answer is really simple: Post a link; if you see it removed, then understand that there is a good reason and move on. Write the link down if you want to keep your own list as a reminder. I must stress that the censored links are nothing personal against the poster. Since there is no list, there is no way to know until you try! Just remember: when it happens, understand that it is not your fault and move on.
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Bedrock of the Community
United States
14454 Posts |
I also want to add there are many other sites on the web with the same information that is not on the banned list and every one I have seen people post that did get removed there has been another site that was even better than the one they were trying to post. As other moderators have said there is some reason the site has been added to the banned list and it wasn't done to inconvenience anyone it was a judgment call by the administrator of the site and done for what they considered a good reason
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Valued Member
 United States
142 Posts |
to summarize what the mods are saying, seems like anything done in here is for our own good and no one should take offense to it.
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Replies: 19 / Views: 3,591 |