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Help me understand XXX x Face Value pricing of Junk Silver
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<p>[QUOTE="Rassi, post: 1632869, member: 22149"]I was able to go thru the info on Coinflation the other day and make myself a "cheat sheet" for ebay and other junk silver offers where I can plug in the number of coins at a certain type level, the current spot silver price and it'll tell me the value of the group based on their metal content (silver only). </p><p><br /></p><p>I noticed the point about the random lots of silver coins in groups of ounces of coins on ebay - easy to fall for that one, both the "standard" ounces vs. troy ounces as well as the ones that throw in a lot of war nickels to fill up a lot of the weight with non-silver content. I quickly started avoiding even looking at those auctions altogether, but when I do bother looking at them, I have a pricing cheat-sheet that shows me relative price-points for both "standard" ounces and troy ounces.</p><p><br /></p><p>So I know how to easily check to see if a deal is a fair one or not if someone, for example tells me they want, $300 for 25 Franklin halves. I know spot silver is currently about $31.78, each Franklin has 0.3617 troy silver in it, so that's 9.0425 oz troy, or $287.37 roughly... so on silver content alone, they're a tad high....</p><p><br /></p><p>Is there a similar "formula" I can use for "face-value" pricing???[/QUOTE]</p><p><br /></p>
[QUOTE="Rassi, post: 1632869, member: 22149"]I was able to go thru the info on Coinflation the other day and make myself a "cheat sheet" for ebay and other junk silver offers where I can plug in the number of coins at a certain type level, the current spot silver price and it'll tell me the value of the group based on their metal content (silver only). I noticed the point about the random lots of silver coins in groups of ounces of coins on ebay - easy to fall for that one, both the "standard" ounces vs. troy ounces as well as the ones that throw in a lot of war nickels to fill up a lot of the weight with non-silver content. I quickly started avoiding even looking at those auctions altogether, but when I do bother looking at them, I have a pricing cheat-sheet that shows me relative price-points for both "standard" ounces and troy ounces. So I know how to easily check to see if a deal is a fair one or not if someone, for example tells me they want, $300 for 25 Franklin halves. I know spot silver is currently about $31.78, each Franklin has 0.3617 troy silver in it, so that's 9.0425 oz troy, or $287.37 roughly... so on silver content alone, they're a tad high.... Is there a similar "formula" I can use for "face-value" pricing???[/QUOTE]
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Help me understand XXX x Face Value pricing of Junk Silver
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