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<p>[QUOTE=&quot;-jeffB, post: 1230568, member: 27832&quot;]If the OP is getting confused about &quot;x face value&quot; for silver, I&#039;d say you&#039;re not helping. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><br /></p><p>You <i>seem</i> to be confusing &quot;dollars per once&quot; with &quot;dollars per dollar of face value&quot;. If silver is $40/ounce, one dollar face value of 90% coins -- let&#039;s say, four 1964 US quarters -- contains just under $29 worth of silver.</p><p><br /></p><p>The OP says he&#039;s buying 90% at $35/oz. That means that he&#039;s paying $35/0.9 = $38.90/oz in terms of actual silver weight; not great, but not terrible. (If he actually meant he was paying $35/ounce in terms of actual silver weight, he&#039;s doing <i>great</i>.)</p><p><br /></p><p>I assume he&#039;s talking troy ounces, too. eBay sellers frequently list &quot;one ounce of silver coins&quot;, meaning one <i>avoirdupois</i> ounce, which is almost 10% less than a troy ounce. If the OP were paying $35/av. ounce of coins, he actually wouldn&#039;t be doing that well at all.</p><p><br /></p><p>Other notes: </p><p><br /></p><p>1) Well-worn coins like slick Barbers or Mercury dimes will have lost significant weight. If you can buy by weight, and then sell by face value, you can come out ahead; if you buy by face value and then try to sell by weight, you&#039;ll come out behind.</p><p><br /></p><p>2) Dollar coins contain more silver per $FV than dimes, quarters and halves (which are all proportional).</p><p><br /></p><p>3) War nickels contain even more silver per $FV than dollars, but since they&#039;re more expensive to refine, they trade at a heavy discount. The strongest prices I&#039;ve seen for them are on eBay (or, of course, retail stores); buy prices at coin shows are about 2/3 the going rate on eBay.[/QUOTE]</p><p><br /></p>

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