Reply to Thread

Message:: [QUOTE="Hobo, post: 543935, member: 11521"]I don't think there is a simple formula to calculate what a dealer will pay for junk silver coins. However it is easy to calculate the melt value of silver coins.   Melt Value (90%) = Face X 0.7234 X Spot Melt Value (90% Silver Dollars) = Face X 0.77344 X Spot Melt Value (40% Kennedy) = Face X 0.2958 X Spot  Melt Value (40% Ike Dollar) = Face X 0.3161 X Spot Melt Value (War Nickels) = Face X 1.1252 X Spot   Example 1 - Assume silver spot is $13.00. Calculate the melt value of 2000 Franklin Half Dollars.  Face value = 2000 X $0.50 = $1000 Melt Value (90%) = $1000 X 0.7234 X $13.00 = $9,404.20  Example 2 - Assume silver spot is $13.00. Calculate the melt value of 200 War Nickels.  Face Value = 200 X $0.05 = $10.00 Melt Value (War Nickels) = $10 X 1.1252 X $13.00 = $146.28  Naturally, a dealer will not pay you full melt value for your silver coins. The purchase price may depend on how much you have to sell. For instance, they may offer 90% of melt for $1,000 or more face value but only 80%% of melt for $100 face value. Whatever the discount is you can easily apply that to the calculated melt value. For example, suppose a dealer is paying 90% of melt value for $1,000 bags of 90% silver Franklin Halves. Using the melt value calculated in Example 1 above the dealer is paying 90% X $9,404.20 = $8,463.78.  Hope this helps.[/QUOTE]