Getting The Most Bang For The Buck - Coin Community Forum

To participate in the forum you must log in or register.

Author	Replies: 6 / Views: 1,449
biggfredd Rest in Peace United States 9104 Posts	Posted 04/12/2011 07:11 am Apparently because of different regulations when they were made, a silver dollar contains more silver than a dollar in silver change. The numbers I used to use is a silver dollar had a dollar in silver at $1.2929 per ounce (SC were redeemed at this rate, 0.77 ounce per dollar), but change was only worth a dollar at $1.383 an ounce. Put another way, $1 in silver change only has 93.5% as much silver as a dollar coin. Many collectors and hopefully, any coin buyers know this. Unless you're selling by weight, it really doesn't matter much. I noticed something today that I never saw mentioned before. I was playing around with the silver value calculator at http://www.australian-threepence.co...n-values.htm If you put in two 40% silver halves, you get a different figure than for one 40% silver Ike. In fact, the halves are worth 93.5% as much, the same % as on the 90% coins. This makes perfect sense, since the only change was content, dropping from 90 to 40%, yet I haven't ever seen this mentioned in 47 years of dealing in coins, not even during the 1980 boom. Report this Post to the Staff

sel_69l Bedrock of the Community Australia 21788 Posts	Posted 04/12/2011 08:41 am Fortunately, Krause makes accurate note of the ASW of the dollar ( Trade dollar as well) and the change coins. Because of this, I have always been aware of the differences. I made a nice little profit from silver bullion at the time of the Hunt Brothers bubble. I have never been interested in bullion since. There are better advantages to be had in good value for money purchases of coins with high numismatic interest. Report this Post to the Staff
mkman123 Pillar of the Community United States 3184 Posts	Posted 04/12/2011 12:33 pm the only problem is that silver dollars are counterfeited a lot and you may get taken one of these days. I'd stick with silver halves, dimes, and quarters :) Report this Post to the Staff
BH1964 Bedrock of the Community United States 10982 Posts	Posted 04/12/2011 1:24 pm Yes, 40% Ikes are at the same ratio to 40% halves as the 90%. Fractional silver coinage is at 0.92 to silver dollars regardless of composition. To put it another way, silver dollars contain 8% more silver than $1 face in silver fractional coinage. 90% or 40%. ANA #R3154474 Report this Post to the Staff
Darth Anarchus Pillar of the Community United States 1388 Posts	Posted 04/12/2011 10:55 pm That's some good info... Report this Post to the Staff
jimineez Valued Member United States 287 Posts	Posted 04/12/2011 11:59 pm cool, I have 10 or so 40% ikes sitting in my collection Report this Post to the Staff
Ed_B Pillar of the Community United States 4008 Posts	Posted 04/13/2011 02:04 am Quote: I made a nice little profit from silver bullion at the time of the Hunt Brothers bubble. - sel_69l Yes, those days were really something. I also invested some money in silver back then and made a little money at it. Not a lot but a $1000 or so seemed a pretty good return for what I had. The coolest part of that whole thing was that some of the stores out there were trolling for silver and would price some of their inventory in silver. I was into shooting quite a bit at the time and was drooling over a Colt Python .357. That was a $500 pistol at the time but you could buy it for about $12.50 in silver. I never wanted 13 silver dollars so bad in my life! Didn't get my Python but I'll never forget its silver price. Report this Post to the Staff
	Replies: 6 / Views: 1,449

To participate in the forum you must log in or register.

All Forums Category: General Numismatic Forums Forum: Precious Metals and Bullion - Gold, Silver, Copper, Platinum

The First Dollar, your premier source for bullion and rare coins. See our bullion list on the site and the coin inventory on ebay.

Silver Gold Bull US is the United States leading bullion dealer. We deliver gold coins, gold bars, silver coins, silver bars and precious metals to your door. Order today!

View Last 100 New Topics

View Last 100 Active Topics

Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us | Advertise Here | Privacy Policy / Terms of Use

Coin Community Forum

It took 0.23 seconds to rattle this change.