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<p>[QUOTE=&quot;doug444, post: 1951363, member: 38849&quot;]There is one thing I never really understood; the ratio (in struck coins) seldom reached 16:1 exactly.&nbsp; For instance, circa 1900:</p><p><br /></p><p>1 double eagle = 0.96750 Troy ounces of gold</p><p>80 quarters = 80 x 0.18084 Troy ounces of silver = 14.46 Troy ounces of silver</p><p><br /></p><p>14.46 divided by 0.96750 = 14.95 ratio</p><p><br /></p><p>You would have smelting costs on both sides of the equation, so that&#039;s not a factor, apparently. Is the difference accounted for, by the value of the copper in both coins?</p><p>(i.e., much more copper in a stack of 80 quarters)[/QUOTE]</p><p><br /></p>

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