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Old 02-26-2011, 12:39 PM
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Default Add up junk silver to $1 face value = 1 troy oz silver?



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Someone told me today if you add up the face value to $1 of any combination of junk silver coins that it equals 1 oz of silver. Is this true?
Old 02-26-2011, 12:47 PM
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No, it would amount to about .7233 ounces of silver.
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Old 02-26-2011, 03:06 PM
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Or .77343 depending on the coins used.
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Old 02-26-2011, 03:50 PM
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Quote:
Originally Posted by BJJ_Grappler View Post
Someone told me today if you add up the face value to $1 of any combination of junk silver coins that it equals 1 oz of silver. Is this true?
Here is for a reference:

Dime - .07234
Quarter - .18084
90% Half - .36169
40% Half - .14789
Dollar - .77343
Old 02-26-2011, 03:59 PM
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so in this case you multiply your quarter(.18084 x the days price osf silver) so if silver was 32$ that day your 1964 quarter is worth 5.78(32x.18084) right? Guess I better stop washing my truck with them!!!LOL!
Old 02-26-2011, 04:18 PM
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no it would not
Old 02-26-2011, 05:34 PM
223shootersc 223shootersc is offline
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One dollar face = about 3/4 oz as a rule of thumb
Old 02-26-2011, 06:47 PM
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Here are the accepted values in the 90% silver market:

$1 face value WORN 90% silver coins = 0.715 Troy Ounce silver
$1 face value MINT 90% silver coins = 0.7234 Troy Ounce silver

You can buy 90% silver or "junk" silver in $1000 face value bags which is where this disparity is more significant. If you are negotiating prices with your local coin shop dealer, this can be helpful information. If you are only buying an ounce at a time and the dealer wants to sell worn coins at mint price it might be a good faith gesture to pay the little bit extra. Local coin shops are the best place to buy silver so it is good to establish a healthy relationship with the owners.
Old 02-26-2011, 06:49 PM
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I'm not sure where you got this number
Old 02-27-2011, 09:02 PM
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I think it's just a way to measure it that doesnt have anything to do with the actual silver value
Old 04-17-2011, 09:33 AM
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Was curious about this myself a while back and this is what I found. As per Google:

Any combination of 90-percent silver U.S. coins which have a face value of US$1.00 contains 0.715 troy ounces of 99.9-percent silver (0.7234 troy ounces if uncirculated), except for the silver dollars (Morgan and Peace) which contain .7736 troy ounces of silver.

In other words, a full troy ounce of 99.9-percent silver is contained in any combination of 90-percent silver U.S. coins which have a face value of US$1.40.

90% coins total weight: Dime=2.5g Quarter=6.25g Half Dollar=12.5g

Makes sense.
Old 04-17-2011, 11:34 AM
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Here is a good site to find out exactly what each of your silver coins are worth.

coinflation.com/silver_coin_values.html
Old 04-17-2011, 08:59 PM
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I read that if china keeps buying silver it might hit $250 in a few years lol I hope.
Old 05-30-2011, 04:35 PM
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Quote:
Originally Posted by airdrop View Post
I read that if china keeps buying silver it might hit $250 in a few years lol I hope.
You mean China is investing in silver and not US treasuries?

GASP!

Goodbye dollar. RIP, nice knowing ya!
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