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<p>[QUOTE=&quot;gboulton, post: 1015846, member: 27043&quot;]Indeed. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><br /></p><p>You say you desire to &#039;further understand&quot; the melt value calculators or formula...they&#039;re based on a very simple premise:</p><p><br /></p><p>All 90% silver US coinage, even that minted &quot;today&#039; for proof/commem sets, contains the same amount of silver.&nbsp; $1 of coinage contains 0.7234 troy oz of silver (Frequently, in the spot market, you&#039;ll find this number trimmed down, and everyone agrees on .715 toz.&nbsp; This accounts for wear, and also makes an easier number to handle)</p><p><br /></p><p>Understand here that it doesn&#039;t matter how you make up the $1 of face value.&nbsp; 5 pre-65 dimes, and a 64 Kennedy half will contain the same silver (.7234 toz) as 10 pre 65 dimes, or 4 pre 65 quarters, etc.</p><p><br /></p><p>So...if the spot price were, say, $20 per toz, then 20*.715 = 14.30&nbsp; - There&#039;s your multiplier...$14.30 for every $1 of face value is spot price.</p><p><br /></p><p>If you&#039;re even a little patient and willing to haggle, you SHOULD be able to find a dealer who will pay YOU 90-95% of spot price for &quot;junk silver&quot;, and you should expect to pay THEM 100-105% or so.&nbsp; Anyone who wants you too far outside of those lines is, in my opinion, not the person you want to trade with that day.&nbsp; You may be able to move those numbers more in your favor if you do private deals on the side, via craigslist for example.</p><p><br /></p><p>Finally, I know you said you&#039;d found some calculators, but let me share one more.&nbsp; My apologies if you&#039;ve already seen it, but ime this is the one dealers AND collectors seem to commonly reference as a starting point for negotiations, so I always recommend it. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><br /></p><p><a href="http://www.coinflation.com/coins/silver_calc.php" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.coinflation.com/coins/silver_calc.php" rel="nofollow">http://www.coinflation.com/coins/silver_calc.php</a></p><p><br /></p><p>Hope that helps![/QUOTE]</p><p><br /></p>

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