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 Replies: 20 / Views: 6,185 |
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Valued Member
United States
185 Posts |
I was looking for some help and understanding of melt value. Can someone please explain how this is determined? Example would be if I had the 5 2010 or 2011 ATB silver quarters. How do you determine how much silver is in there and how much the melt value is? Sorry if this was answered before but I am just trying to get my hands around this concept.  Thanks everyone!  Rob |
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Pillar of the Community
United States
1547 Posts |
I can suggest a way of estimating it pretty closely. The pre-1965 quarters differ from these only in the respect that they're 6.25 grams and these are 5.70 grams. Everything else is the same. That'd mean by comparison these are 8.8% underweight (.55/6.25=.088). Go to the Silver Coin Melt Value Calculator (Google-search that, link not allowed...hey, I don't make the rules) and look up the current melt value on the pre-1965 quarters, then subtract out 8.8%. Currently, at a melt of $37.55 / troy ounce, the pre-1965s melt at $6.79. Subtract 8.8% from that: $6.79-(6.79x.088)=$6.19.
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Pillar of the Community
United States
759 Posts |
Search engine results will spit out several melt calculation tools/utilities. Note that many break their calcs up into silver and copper components.
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Valued Member
United States
310 Posts |
really? I didn't know the ne silver quarters were lighter. I thought they were the same.
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Pillar of the Community
United States
1547 Posts |
The post-1964 silver proofs are the same weight as the ATB silver proofs but the only silver quarters in the melt value calculator I looked at are the pre-1965s, and they're .55 grams heavier than those. |
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Bedrock of the Community
United States
12437 Posts |
Quote:
The pre-1965 quarters differ from these only in the respect that they're 6.25 grams and these are 5.70 grams. Thats not right, you are mixing up clad weight with silver weight. All 90% silver Washington quarters weigh 6.25 grams while all CuNi clad Washingtons weigh 5.7 grams. As for the question at hand, a non-circulated 90% silver quarter will contain 0.1809 troy ounces of silver(6.25 grams x 0.9/31.1 grams), regardless of year. At the current spot price of $37.81/oz, a quarter contains $6.84 of pure silver or ~27x face value. Edited by biokemist6
03/31/2011 1:54 pm
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Pillar of the Community
United States
1547 Posts |
Ah, that's right. Major goof-up. I just clicked ATB to get the specifications and 5.7 grams was the only weight listed. I just assumed it was for both types, as they listed the compositions of both types. You're saying the silver proofs are 6.25 grams. I understand. PS: I wish you'd have pointed that out earlier, you'd have saved me a lot of math. |
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Valued Member
 United States
185 Posts |
Well thanks for all the information. I am beginning to understand now how the melt is obtained.
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Valued Member
United States
185 Posts |
6.25 grams x 0.9/31.1 grams) = .1809
Where did the .9 and the 31.1 come from?
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Bedrock of the Community
United States
12437 Posts |
0.9= 90% correction
31.1= grams/troy ounce
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Pillar of the Community
United States
2589 Posts |
since the coin is only 90% silver you have to subtract 10% of the wieght in order to get the silver value hence the x.9
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Rest in Peace
United States
9104 Posts |
* by .9 because they're 90% silver, / by 31.103 because there are 31.103 grams to the oz.
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Valued Member
United States
185 Posts |
Well with all your help I was able to buy the 2010 ATB Silver quarters for $33.00. I plan on breaking open the plastic them came in and put them in some air-tites. I think this is a great way to store some silver quarters and protect the coins. Should I then put the air-tite in a 2x2 like some of the other members on here? |
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Pillar of the Community
United States
7185 Posts |
Holly math batman. Get a Red Book and check the tables for bullion value! |
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Valued Member
United States
185 Posts |
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Pillar of the Community
United States
1817 Posts |
That's not a bad deal trip, considering there is over .9 oz of silver in five quarters. @$38/oz., that is more than $34 in melt, so getting them for under melt is always a good deal. I store mine in 5/row Whitman snap tites and they fit exactly inside a large box for mint sets, so it works out well. Incidentally, I have found the 90% silver proofs to be way cheaper pound for pound than the generically traded ASE, and it is an el cheapo way to hold on to some silver. |
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Replies: 20 / Views: 6,185 |
Posted 03/31/2011 11:33 am
