My Second Purchase of 2025

In the same auction I spent less than I expected on the 1895-S Morgan do I bought this lot of silver coinage. It contained 43 Roosevelt Dimes, 2 1964-D Quarters, a 1932 Washington Quarter and 2 1921 Morgan Dollars. I paid a little under spot price even after adding the cost of postage so I’m pleased.

 

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So? What was the total damage? How do you calculate spot price?

 

Spot is just over $30 an ounce take the weight of each coin, add them altogether and divide by the price paid. I paid a little over $27.50 per ounce so just under spot price.

 

Did you consider that they are not pure silver?

 

90%

 

27.50 is around 90% these days.

 

Correct.