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90% junk silver coins, halves vs. quarters and dimes
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<p>[QUOTE="tony9825, post: 1102869, member: 29250"]<b>Here's what I found out...</b></p><p><br /></p><p>You learn something new every day. I was under the impression that</p><p>10 dimes = 4 quarters = 2 halves = 1 dollar and all of those has the same silver content when minted. But what I found out based on the link posted earlier in this thread is:</p><p><br /></p><p>-----------------------------------------------------</p><p>A bag of silver dollars (never circulated) weighs 859.37 ounces. 90% of that is 773.433 ounces.</p><p>773.433 - 715 = 58.433, or 7.555%</p><p>A bag of halves weigh 803.76 ounces. 90% of that is 723.384 ounces. 723.384 - 715 = 8.384, or 1.159%</p><p>A bag of quarters is the exact same as halves.</p><p>A bag of dimes weigh 803.8, slightly more than quarters or halves.</p><p>-----------------------------------------------------</p><p><br /></p><p>So worst case is a 7.55% markup & best case is 1.15%, IF and I must emphasize IF, you got spot price. But that never happens.[/QUOTE]</p><p><br /></p>
[QUOTE="tony9825, post: 1102869, member: 29250"][b]Here's what I found out...[/b] You learn something new every day. I was under the impression that 10 dimes = 4 quarters = 2 halves = 1 dollar and all of those has the same silver content when minted. But what I found out based on the link posted earlier in this thread is: ----------------------------------------------------- A bag of silver dollars (never circulated) weighs 859.37 ounces. 90% of that is 773.433 ounces. 773.433 - 715 = 58.433, or 7.555% A bag of halves weigh 803.76 ounces. 90% of that is 723.384 ounces. 723.384 - 715 = 8.384, or 1.159% A bag of quarters is the exact same as halves. A bag of dimes weigh 803.8, slightly more than quarters or halves. ----------------------------------------------------- So worst case is a 7.55% markup & best case is 1.15%, IF and I must emphasize IF, you got spot price. But that never happens.[/QUOTE]
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90% junk silver coins, halves vs. quarters and dimes
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