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 Replies: 28 / Views: 8,761 |
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Pillar of the Community
Mexico
1304 Posts |
I know I live under a rock...but seriouisly...I just noticed:
90% Silver Dimes____0.0723 ASW
90% Silver Quarters__0.1808 ASW
90% Silver Halves___0.3617 ASW
90% Silver Dollars___0.7735 ASW
Now, using the dime as a baseline.
Dimes____0.0723 ASW (ASW equivalent of 1 dime)
Quarters__0.1808 ASW (ASW equivalent of 2.5 dimes)
Halves___0.3617 ASW (ASW equivalent of 5 dimes)
Dollars___0.7735 ASW (ASW equivalent of 10.7 dimes)
Wait...hold on...where did that extra 0.7 come from?
Ten 90% silver dimes are NOT equal to a silver dollar?
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Pillar of the Community
United States
830 Posts |
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Pillar of the Community
United States
1143 Posts |
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Valued Member
United States
439 Posts |
I do not know why, but yes the dollars have more silver than $1 of various coins.
It is good to know.
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Pillar of the Community
United States
830 Posts |
Oh... thank you.  |
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Rest in Peace
United States
4849 Posts |
Your figures are correct. The silver dollar does have more silver than $1.00 face of dimes/quarters/halves. I know there was a good reason for this, but I don't recall it at the moment. Hopefully someone else can chime in. Also " War Nickels" have the highest silver/face value ratio of any of the classic silver coin.:-) That would have been a great coin to hoard at face back when silver was circulating. |
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Pillar of the Community
 Mexico
1304 Posts |
Didn't know that about War Nickels...huh! I have learned two new things today! (note to self, no longer accurate to sum up dimes, quarters, halves with dollars when doing melt value calculations...oops) |
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Pillar of the Community
United States
3670 Posts |
If I am not mistaken, it takes 14 Merc Dimes to make 1 oz. of silver....
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Pillar of the Community
United States
830 Posts |
My Merc dime average weight is 2.44 grams so yes, 14 would be .989 troy oz of pure silver. My other average weights go like this: Morgans 26.66 grams Franklin half 12.36 grams Liberty half 12.15 grams JFK half 12.53 grams quarter 6.16 grams So when buying 90% silver I add up the # of coins X ave weight and put that into the online calculator here for 90% http://dendritics.com/scales/metal-...USD&Markup=0I never have used that face value method of valuing silver coins. Edited by GoThunder
06/30/2011 2:47 pm
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Rest in Peace
United States
9104 Posts |
As I have posted before (in more detail) a 40% dollar contains about 9% more silver than $1 worth of 40% quarters and halves.
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Pillar of the Community
Mexico
1304 Posts |
huh...which quarters have 40% silver?
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Moderator
 United States
188213 Posts |
The 1776-1976 bicentennial quarters in the special uncirculated and proof three coin sets are 40% silver.
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Pillar of the Community
Mexico
1304 Posts |
Wow! Huh...learning even more with this thread than I expected!
Thanks jbuck
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Moderator
Australia
16826 Posts |
Quote:
Wait...hold on...where did that extra 0.7 come from?
Ten 90% silver dimes are NOT equal to a silver dollar?
Your figures are correct. The silver dollar does have more silver than $1.00 face of dimes/quarters/halves. I know there was a good reason for this, but I don't recall it at the moment. Hopefully someone else can chime in.It's all to do with seigniorage - the difference between a coin's face value and the cost that went in to making it (total costs, which include refining and assaying the metal, making the dies and making the blanks, and labour costs), which is booked as profit earned by the government. And it's not that the dollar is "too heavy", rather it's all the other coins that are "too light". If you've got a "dollar's worth of silver" to be turned into coins, it costs more to make four quarters or ten dimes out of it than it costs to make a single large dollar - more blanks need to be punched out, more time on the coin press, more dies need to be made, more labour costs. To make up this extra cost (and to keep the production of the smaller coins profitable), smaller coins contain slightly less silver than the larger coins compared to what they "should have". In the Latin Monetary Union coinage standard (used by most of continental Europe prior to World War I), we see the same effect, although there it is the fineness of the largest coin that is higher, rather than the weight - a large 5 francs coin weighs exactly the same as five small 1 franc coins, but the 5 franc coin is .900 fine silver, while the 1 franc coins are only .835 fine. Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Pillar of the Community
United States
4008 Posts |
Quote:
huh...which quarters have 40% silver? Those would be the ones that were made from 1965 to 1970. 90% silver was used in US silver coins prior to this. |
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Pillar of the Community
United States
4000 Posts |
Quote:
Those would be the ones that were made from 1965 to 1970 That is only for halfs. Not quarters. |
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Replies: 28 / Views: 8,761 |
Posted 06/30/2011 12:56 pm
