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<p>[QUOTE="Collector1966, post: 1172292, member: 17919"]"At melt" means spot price X .900 X weight of the (pre-1965) silver coins (which officially is .7752 ounce/dollar face value, or conversely, $1.29 face value = 1 ounce of silver). However, there are sometimes variations in that formula.</p><p><br /></p><p>The way I would figure it is like this:</p><p>(Face value / $1.29) X spot price</p><p>So, if I had $12.90 face value in pre-1965 US silver coins, it would be 10 ounces net silver. Multiply that by the spot price to get the melt price. According to Kitco, it would be approximately $411 as of this writing (10 ounces X $41.10 spot price)[/QUOTE]</p><p><br /></p>
[QUOTE="Collector1966, post: 1172292, member: 17919"]"At melt" means spot price X .900 X weight of the (pre-1965) silver coins (which officially is .7752 ounce/dollar face value, or conversely, $1.29 face value = 1 ounce of silver). However, there are sometimes variations in that formula. The way I would figure it is like this: (Face value / $1.29) X spot price So, if I had $12.90 face value in pre-1965 US silver coins, it would be 10 ounces net silver. Multiply that by the spot price to get the melt price. According to Kitco, it would be approximately $411 as of this writing (10 ounces X $41.10 spot price)[/QUOTE]
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