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<p>[QUOTE=&quot;CJinAustin, post: 1850118, member: 61625&quot;]If you want to buy $1 face junk silver at spot you would need to pay Spot x .715. </p><p><i>Example: Today Spot is $20.35. </i></p><p>So to buy 90% Junk Silver at Spot it would be $20.35 x .715 oz = $14.55.</p><p>So you are buying .715 ounces of silver for $14.55 (If you bought an <b>entire</b> ounce it would work out to $20.35)</p><p><br /></p><p>But if you pay $18 for $1 face of Junk Silver you are paying $18/.715 oz = $25.17 oz.</p><p>So you are paying $18 for .715 ounces of silver (if you bought an entire ounce you would be paying $25.17... $5 over spot!)[/QUOTE]</p><p><br /></p>

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