How are the silver coin prices arrived at?
Silver coin prices are made up of only two things. The percent of silver in the coin and whether it has collector appeal or not. A silver coin will come usually as 500 fine or 50% silver, 800 fine or 80 % silver, 900 fine or 90% silver and then 925 fine which is 92.5 % which is sterling silver. There are some other strange percentages of silver amongst some of the smaller foreign nations but the usual ones are listed above. To determine how the silver coin price is arrived at find the silver content of the coin grouping, weigh the coins in troy oz and multiply by the percent of silver to see what the silver content value is. Subtract this value from the whole weight and what is left is just what was mixed with the silver to manufacture the coin. Example: a coin lot weighs 16.74 avoirdupois ounces, multiply by .907 to get the troy oz which is 15.18 troy oz, then multiply the purity or 900 (90%) = 13.66 troy oz of silver times the value today say $18.00 plus the commission percentage of
Related Questions
- Is the present supply of United States silver and gold coin sufficient for the purpose of bringing monetary freedom of choice to New Hampshire; or will the United States Treasury have to mint more?
- Are coin collectors happy with falling silver, gold and platinum prices?
- What are current prices on coin silver?
