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<p>[QUOTE="WmsJewelers, post: 339204, member: 12564"]I figure silver like this. Each bag of $1000.00 Face silver has 715 pure oz of silver in it. So take spot times 715. At $18.00 per oz that would be $12870 per bag or $12.87 per dollar. That would be full melt though and not what anyone would get paid other then the large dealer selling bags everyday. I sell to a huge broker that figures out what he pays by subtracting 50 cents from spot then multiplying that by 715. Then he knocks off about twenty cents per dollar. At $18.00 silver he would pay me 12.3 times face. </p><p><br /></p><p>I hope that helps people understand just how much silver they have. <span style="color: Red">edited</span>[/QUOTE]</p><p><br /></p>
[QUOTE="WmsJewelers, post: 339204, member: 12564"]I figure silver like this. Each bag of $1000.00 Face silver has 715 pure oz of silver in it. So take spot times 715. At $18.00 per oz that would be $12870 per bag or $12.87 per dollar. That would be full melt though and not what anyone would get paid other then the large dealer selling bags everyday. I sell to a huge broker that figures out what he pays by subtracting 50 cents from spot then multiplying that by 715. Then he knocks off about twenty cents per dollar. At $18.00 silver he would pay me 12.3 times face. I hope that helps people understand just how much silver they have. [COLOR="Red"]edited[/COLOR][/QUOTE]
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best price for face value of silver
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