My new 122 year old aquisition...

It's 122 years old, and has a mintage of only 1,500,000, and cost me $3.80 shipped...

 

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What do you think?

 

Slight rim damage, it's been cleaned and re-colored but they did a decent job of it.

I like it! :thumb:

Ribbit

 

I dont collect world coins but I like this one. :thumb:

 

I am not 100% sure but I think that at some stage it might well have been in a mount, it is though a very nice aquisition :kewl:

 

I think you are correct De Orc, I was thinking the the same expecially with the symmetry of the rim marks/damage. Nice find overall especially for under 4 bucks

 

Beautiful! I'd say you did fine.

 

I just got another good deal off of eBay. I got a 1965 Canadian 50 cent piece, which is 80% silver for $2.50...even though the current silver value of it is $3.50. I also got a 1917, and 1928 silver Canadian quarter for only about a buck over spot, their numismatic value is higher than that.

A few nice little wins for me

 

Is there a easy way to tell a coins bullion value? I guess you have to know the weight and current value for the silver or gold?

 

thats a nice buy IMO, I've always loved the canadian stuff, even if it is often overlooked.

 

It's really simple if you break it down. You multiply the amount of PM (precious metal) in the coin by the spot price.

Let's calculate the melt value of a US 90% Silver Half Dollar. The weight is 12.50 g. Since the coin is 90% silver it has 11.25 g of silver. [12.50 g X 0.90 = 11.25 g]

Now let's convert the weight in grams to the weight in troy ounces. (Precious metals are weighed in troy ounces in the US.)

We know 1 troy ounce = 31.1035 g

11.25 g / 31.1035 g/oz = 0.3617 ounce

Silver closed today at $11.09.

So melt value of a US 90% silver Half Dollar is:

0.3617 oz X $11.09/oz = $4.01



You might find this shortcut easier for US 90% silver coins:


Multiply the face value of the US 90% silver coin by 0.724 and multiply that by the spot price of silver.

So melt value for a 90% silver Half Dollar is:

$0.50 X 0.724 X $11.09 = $4.01

NOTE: This formula does not work for 90% Silver Dollars.

 

Thanks for the info Hobo, and I don't mean to hijack the thread, but why would 1/2 be different from dollars if they are both 90%. I also saw in a ad two different values for $1000 face of mixed silver coins and $1000 face of 1/2s with the 1/2's being much less if I remember right. I assumed the 1/2's were 40% but it did not specify either way.