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<p>[QUOTE=&quot;yakpoo, post: 1235229, member: 18157&quot;]Are your coins uncirculated? The weights quoted in the Red Book are based on uncirculated coins; worn coins can lose as much as 25% of their total weight. If you take your coins to a Dealer (assuming no Key dates in the lot), the Dealer will simply put your coins on his/her scale and multiply by their &quot;offer rate&quot;. The offer rate is a &quot;per ounce&quot; dollar amount which takes into account the current price of silver, the 90% content, and dealer markup.</p><p><br /></p><p>You can call around to various Dealers to ask what their offer rate is (I don&#039;t know if that&#039;s what they call it, but they have one). I haven&#039;t sold bulk coins to a dealer for some time so these numbers are just an example...</p><p><br /></p><p>If pure silver is trading at $40/Oz, &quot;coin silver&quot; would be $36/Oz. Assuming a $1/Oz Dealer premium (and that&#039;s just a guess), the Dealer may offer you $35/Oz.</p><p><br /></p><p>You have 5.10567 ounces of pure silver based on the Red Book, that should be about 5.673 ounces on a scale. Based on the offer rate above, you could expect an offer around $195-$200. </p><p><br /></p><p>I assume your coins aren&#039;t uncirculated or you probably wouldn&#039;t be considering a bulk PM sale. In that case, you should probably weigh your coins before seeing a dealer. If the scale you use only displays avoirdupois ounces, you&#039;ll have to make the conversion to troy ounces...</p><p><br /></p><p>Troy ounce = 31.1 grams</p><p>AV ounce = 28.35 grams.</p><p><br /></p><p><br /></p><p><b>InfleXion </b>makes a good point, you may want to stick with silver until the price ratio gets back within historical norms.[/QUOTE]</p><p><br /></p>

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