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Math In Determining Value Of Silver Coins.

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exodus125's Avatar
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 Posted 04/21/2010  11:56 am Show Profile   Bookmark this topic Add exodus125 to your friends list Get a Link to this Message Number of Subscribers
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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Libertad's Avatar
Canada
3692 Posts
 Posted 04/21/2010  12:07 pm  Show Profile   Bookmark this reply Add Libertad to your friends list Get a Link to this Reply
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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fioti's Avatar
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 Posted 04/21/2010  12:10 pm  Show Profile   Bookmark this reply Add fioti to your friends list Get a Link to this Reply
Thats the way I've always done it.
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nod2003's Avatar
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 Posted 04/21/2010  12:10 pm  Show Profile   Bookmark this reply Add nod2003 to your friends list Get a Link to this Reply
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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fioti's Avatar
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 Posted 04/21/2010  12:13 pm  Show Profile   Bookmark this reply Add fioti to your friends list Get a Link to this Reply
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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SsuperDdave's Avatar
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 Posted 04/21/2010  12:21 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply

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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Libertad's Avatar
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 Posted 04/21/2010  12:26 pm  Show Profile   Bookmark this reply Add Libertad to your friends list Get a Link to this Reply
Understood. Is there a list of banned links I can access?
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SsuperDdave's Avatar
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 Posted 04/21/2010  12:35 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply

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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Libertad's Avatar
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 Posted 04/21/2010  12:45 pm  Show Profile   Bookmark this reply Add Libertad to your friends list Get a Link to this Reply
Okay SuperDave. I gotta claim ignorance on each post now! :D
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Libertad's Avatar
Canada
3692 Posts
 Posted 04/21/2010  12:51 pm  Show Profile   Bookmark this reply Add Libertad to your friends list Get a Link to this Reply
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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exodus125's Avatar
United States
142 Posts
 Posted 04/21/2010  1:09 pm  Show Profile   Bookmark this reply Add exodus125 to your friends list Get a Link to this Reply
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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exodus125's Avatar
United States
142 Posts
 Posted 04/21/2010  1:14 pm  Show Profile   Bookmark this reply Add exodus125 to your friends list Get a Link to this Reply
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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exodus125's Avatar
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 Posted 04/21/2010  1:18 pm  Show Profile   Bookmark this reply Add exodus125 to your friends list Get a Link to this Reply
thanks for the help guys!
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jbuck's Avatar
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 Posted 04/21/2010  2:28 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

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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Bryan1315's Avatar
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 Posted 04/21/2010  4:09 pm  Show Profile   Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply
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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exodus125's Avatar
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 Posted 04/21/2010  4:17 pm  Show Profile   Bookmark this reply Add exodus125 to your friends list Get a Link to this Reply
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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