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<p>[QUOTE="ddddd, post: 4687104, member: 22377"]I did some more digging and they explain it as follows</p><p><br /></p><p><a href="http://www.coinflation.com/coins/silver-eagle-value.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.coinflation.com/coins/silver-eagle-value.html" rel="nofollow">http://www.coinflation.com/coins/silver-eagle-value.html</a></p><p><br /></p><p>Calculate silver value :</p><p><br /></p><p> (<i>24.37</i> × <i>.0321507466</i> × <i>31.1034768</i> × <i>.999</i>) = <i>$24.3456300049</i></p><p><br /></p><p><br /></p><p><b>$24.3456</b> is the rounded silver value for the 1986-2013 silver eagle on July 31, 2020. However, these coins will carry a premium that can range anywhere from $2.50 to $8.00 depending on the volatilty of the silver market.</p><p><br /></p><p>Why isn't the melt value exactly $24.37 since this is the live silver price? Blame math. Obviously, when you multiply the non-whole numbers like 31.1034768 grams and .999 (stated purity), you'll receive a result like $24.3456300049. Does this mean the Mint is wrong with their specification? No, not exactly. <b>Many times, silver eagles weigh a little more than 31.1034768 grams.</b>[/QUOTE]</p><p><br /></p>
[QUOTE="ddddd, post: 4687104, member: 22377"]I did some more digging and they explain it as follows [URL]http://www.coinflation.com/coins/silver-eagle-value.html[/URL] Calculate silver value : ([I]24.37[/I] × [I].0321507466[/I] × [I]31.1034768[/I] × [I].999[/I]) = [I]$24.3456300049[/I] [B]$24.3456[/B] is the rounded silver value for the 1986-2013 silver eagle on July 31, 2020. However, these coins will carry a premium that can range anywhere from $2.50 to $8.00 depending on the volatilty of the silver market. Why isn't the melt value exactly $24.37 since this is the live silver price? Blame math. Obviously, when you multiply the non-whole numbers like 31.1034768 grams and .999 (stated purity), you'll receive a result like $24.3456300049. Does this mean the Mint is wrong with their specification? No, not exactly. [B]Many times, silver eagles weigh a little more than 31.1034768 grams.[/B][/QUOTE]
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