Silver value of a silver eagle?

What would this be if, say, silver were $12.00 an ounce?

 

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The silver value is $12. The market price will most likely be higher. If you go to sell, it might be at or slightly lower than $12 if you take it to a dealer. And if you sell on Ebay you'll probably get more than $12. The truth is, the intrinsic value is the melt value of the silver plus a small premium for being able to buy in coin form which doesn't require any assay. In practice, prices are all over the place.

 

My opinion is you could expect to pay $17 to $20 for a silver eagle at $12/ ounce.

 

He didn't ask what it would cost or what he could sell it for, he asked what the silver value would be. It's one oz of silver and when silver is $12 an oz the silver value of one oz of silver is $12.

 

Really can't argue with that. It's an ounce of silver just like a round or a bar. It's a hunk of silver.

 

The correct answer to the question asked.

The probable correct answer if you are buying.

If you are selling to a dealer the correct answer would probably be $14-15.

 

I guess I'm aware of that. I just assumed it being a 1 oz. coin, that the math would be pretty straight forward. I decided to go a step further.:smile

 

I tried to sell a 1 ounce round at FUN to SilverTowne and they offered me 4 bucks for it.
They were total jerks trying to rip off a YN. Then some lady rubbed her grubby mits all over it and kept repeatedly dropping it on the glass cabinet.
Now I know who not to buy silver from. :whistle:

 

OUCH!

I'd still consider buying from them if the price was right but CERTAINLY not selling.

 

I would buy from them for four bucks an ounce. That would be the only "right" price for me.