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2005 Statehood Silver Proof Quarters From The US Mint

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New Member
Swairlines's Avatar
United States
9 Posts
 Posted 08/30/2011  6:32 pm Show Profile   Bookmark this topic Add Swairlines to your friends list Get a Link to this Message Number of Subscribers
I'm new here. New to coins as well.

I'm considering the purchase of two (2) US Mint 5 coin 2005 Statehood Silver Proof encased products. I'm trying to do some math on the potential purchase.

Have some questions here first.

When doing the math I'm using 6.25grams as the overall weight of the coin. The coin is 90% silver and 10% copper. From what I can tell that would make the silver content at a weight of 5.625 grams.

Here's where I'm running into a problem. I see that there are 28.3495231 grams per ounce. I also see that there are 31.1034768 grams per troy ounce (both of these figures come from a Google search).

Which figure do I use when trying to figure the total weight of silver in the 5 coin set?

Below is what I'm doing on paper.

6.25 grams weight per quarter
X .90 (represents 90% silver content)
------
5.625 grams tot silver content per quarter

$41.32 cost of silver at market

1) $41.32/28.3495231 comes to $1.4575/gram (grams/regular ounce)
OR
2) $41.32/31.1034768 comes to $1.3284/gram (grams/troy ounce)

Which equation above is correct, #1 or #2?

Sorry for this rookie question.

JB
Pillar of the Community
United States
1231 Posts
 Posted 08/30/2011  7:45 pm  Show Profile   Bookmark this reply Add onejinx to your friends list Get a Link to this Reply
whichever equation makes the silver content .18084 oz of silver per quarter is correct
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DNA's Avatar
United States
2734 Posts
 Posted 08/30/2011  8:07 pm  Show Profile   Bookmark this reply Add DNA to your friends list Get a Link to this Reply
My signature features a link to an online silver coin value calculator,
created by CCF member markn.

Since 1992-to-present Silver Proof Quarters are identical in composition to
1932-64 Washington quarters, you can enter the number 5 in the
quantity box and the coins' dollar value in silver content
that day (their "melt value") will be displayed.
($37.39 at time of this post)

If you have a full 2005 Silver Proof Set, you can add values for one 90% Half-Dollar
and one 90% Roosevelt dime to the five 90% Quarters to get the total melt value of
all the 90% silver coins in the set. ($55.33 at time of this post)

Silver Proof Sets are numismatic products (not bullion)
and as such are not strictly priced at "melt value".
That said, there are always bargains out there and it is quite possible to buy
"common" Silver Proof coins and sets at prices close to their melt value.
Edited by DNA
08/30/2011 8:25 pm
New Member
Swairlines's Avatar
United States
9 Posts
 Posted 08/30/2011  8:34 pm  Show Profile   Bookmark this reply Add Swairlines to your friends list Get a Link to this Reply
Im looking to offer a guy $50 for 2 sets....
New Member
Swairlines's Avatar
United States
9 Posts
 Posted 08/30/2011  8:35 pm  Show Profile   Bookmark this reply Add Swairlines to your friends list Get a Link to this Reply
Thanks for the info guys........
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CaptainFwiffo's Avatar
United States
4132 Posts
 Posted 08/30/2011  8:37 pm  Show Profile   Bookmark this reply Add CaptainFwiffo to your friends list Get a Link to this Reply
Precious metals are measured in troy ounces.
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