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<p>[QUOTE=&quot;satootoko, post: 52303, member: 669&quot;]That sentiment is absolutely correct, however the calculations are somewhat off because of confusion about weights and measures.</p><p><br /></p><p>Converting troy ounces to grams in order to value precious metals is unnecessary, since all standard price quotes are in troy ounces, in which silver, like other precious metals, is weighed.&nbsp; Troy ounces are significantly heavier than the ordinary ounce used for most measurements, equalling about 31.06g.&nbsp; Lately the bullion price of silver has been bouncing around the $7 level.</p><p><br /></p><p>All 90% silver halves (1964 and earlier) contain .36169 troy ounces of pure silver (11.23g), and at $7 per ounce have a bullion value of $2.53+.</p><p><br /></p><p>The pure silver content of the 40% halves (1965-70) is indeed .1479 <b>troy</b> ounces (4.59g), and at $7 per ounce their bullion value is $1.04. </p><p><br /></p><p>BTW, although large quantities of precious metals are usually described as so many thousand ounces, technically there is a troy pound, which is only 12 ounces (5,760 grains), while the av. pound of 16 smaller ounces is still larger overall (7,000 grains).</p><p><br /></p><p><a href="http://www.projects.ex.ac.uk/trol/scol/ccmass.htm" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.projects.ex.ac.uk/trol/scol/ccmass.htm" rel="nofollow">&gt;&gt;Click here&lt;&lt;</a> for a handy place to compare troy, av. and gram weights.[/QUOTE]</p><p><br /></p>

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