hello all I just aquired a small collection of Roosevelt dimes, Namely 259.00 face. I was wondering what specific dollar amount would silver need to hit to pay 10 times face value? I wish I had a formula to figure it out on my own, I hate having to call the exchange everyday to find out. Any ideas on a formula for 90% U.S. Silver? bandito974
I think it has about reached or maybe surpassed that mark at its current $14 plus per ounce. Doesn't the Redbook say how much silver is in a dime. Don't have mine handy but don't you just multiply that by spot price.
Back around $13.50-$13.75 people were paying 9.2x-9.5x face. I believe we have met and exceeded that!
http://www.ajpm.com/htbin/silver.cgi AJPM is at 9631.00 buy and 10310.00 sell on $1000 bags of 90% and 9416.00 buy and 10846.00 sell on smaller quantities. So I think we are at that 10X sweet spot and silver is at $14.43 right now according to Kitco.
as of the close of business Monday dallas Gold and silver was paying 8.977 on 500 face or more and 8.5 on 459 or less There has to be a formula to figure it out.. PLEEEZE! can anybody point me in that direction bandito
well, they were 2.5 grams each. If you have 259 dollars face value, that means you have 2590 dimes. 2590 times 2.5 grams means 6475 grams of dimes. Multiply that by 0.9, which is the silver content, and you get that you have 5827.5 grams of silver. Divide that by 31.1 grams per troy ounce, and you have 187.37 ounces of silver. 187.37x = 2590 dollars means that silver has to be 13.82 cents per ounce for roosevelt dimes to be worth 10x face.
Thank you, so much for the answer I am left with is it best to buy face value vs silver countent? I placed an add in a paper here in dallas buying coins I usually offer a certain number times face like 10 x face value, should I be buying by the silver count in grams?
Wouldn't it be easier to just say that each dime contains .0724 ounces of silver, and multiply that by the current silver price to get the bullion value of a dime?
I like that better! my next question... what is the silver content on the different denomonations of U.S. coins?
Maybe this place will help a bit. http://www.bestcoin.com/Coin-Value.htm#BULLION VALUE OF SILVER COINS
war nickel = .05626 ounce silver Dime = .07234 quarter= .18084 half dollar = .36169 clad half = .14792 silver dollar = .77344 Multiply these numbers by price of silver to get value of silver in each.
