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<p>[QUOTE=&quot;tbarreca, post: 748632, member: 21275&quot;]I originally posted this is another thread referring to 90% silver rather than 40%, but you can do the necessary arithmetic as homework: <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" /></p><p><br /></p><p>To find out the melt value of silver coins, try:</p><p>&nbsp;</p><p>&nbsp;<a href="http://www.coinflation.com/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.coinflation.com/" rel="nofollow">http://www.coinflation.com</a></p><p>&nbsp;</p><p>Right now, the sort of coins described by the original poster probably have more metal than numismatic value, as all the respondents have observed. But the way the market actually works is like this:</p><p>&nbsp;</p><p>--Check out the melt value of a dime.&nbsp; Right now, it&#039;s about $1.33, right?&nbsp; (i.e., 1/5 of the melt value of each Walker).&nbsp; </p><p>--10% of that is $0.13.&nbsp; </p><p>--Subtract the 10% from the melt value, and you get $1.20, or 12X the face value of the dime.</p><p>&nbsp;</p><p>That&#039;s how a wholesale dealer buys 90% silver coins that have no additional numismatic value, i.e., at some multiple of face value. Usually these multiples are integral (i.e., whole numbers like 5X face or 7X face or currently, 12X face), but depending on market conditions, the multiplier can be fractional, but never less than half. I.e., the dealer could offer &quot;five and half times face,&quot; or 7.5X face or 12.5 face.</p><p>&nbsp;</p><p>Unless you sell the coins directly to the end customer, on EBay for example, you cannot get full melt. You have to &quot;leave enough in the deal&quot; for the middleman.<p style="text-align: left"><span style="color: #000000"></span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p><p>[/QUOTE]</p><p><br /></p>

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