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All Forums Category: US Coins and Currency Forums Forum: US Classic and Colonial Coins

Morgan And Peace Dollars On Ebay

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KHald
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United States
61 Posts
 Posted 03/29/2011  3:42 pm Show Profile   Bookmark this topic Add KHald to your friends list Get a Link to this Message Number of Subscribers
I was watching this auction on ebay and trying to understand the economics.

http://cgi.ebay.com/ws/eBayISAPI.dl...52FwwTk%253D

I read that Morgans are 90% silver and Peace dollars are .77304 troy oz silver. Can someone help me understand calculating the melt value of these coins?

Thanks very much.
Scooby Due
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4000 Posts
 Posted 03/29/2011  3:55 pm  Show Profile   Bookmark this reply Add Scooby Due to your friends list Get a Link to this Reply
They both have the same content.

Multiply .7735 * current spot (37.08) = $28.68

If you do a search for silver calculators, there are many on the web. I tried posting one in particular that I like and use, but the mods didn't appreciate it.
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KHald
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 Posted 03/29/2011  3:57 pm  Show Profile   Bookmark this reply Add KHald to your friends list Get a Link to this Reply
Thanks, I'll check that out.
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KHald
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 Posted 03/29/2011  4:27 pm  Show Profile   Bookmark this reply Add KHald to your friends list Get a Link to this Reply
OK, so the winner paid about $3.35 over melt per coin. I guess that's not too bad. Certainly one could expect to sell the coins and make that up.
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jimineez
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 Posted 03/30/2011  10:40 am  Show Profile   Bookmark this reply Add jimineez to your friends list Get a Link to this Reply
FYI-
old pre 1965 coins have a little less silver in them per dollar than an actual dollar. .715 is the accepted amount to include a little wear, but the actual is a little over .72 ounce per $1 face value (10 dimes, 4 quarters, 2 halves)
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