If the spot price of silver is $20 an ounce, $1 dollar face value of silver dimes would contain about $14.30 worth of silver ($20 X. Therefore, $1 face value of silver dimes at $15.00 an ounce with a $1.00- $1.50 premium would cost $11.73 – $12.23. If the spot price of silver is $15 and the premium is $1.00, the dealer will charge $11.73 per ounce of silver if the premium charged is $1.50 an ounce the dealer will charge $12.23. Dealers will generally price their junk silver at the spot price of silver plus a fluctuating premium of say $1.00- $1.50 an ounce. If the spot price of silver is $15 an ounce, $1 dollar face value of silver dimes would contain about $10.73 worth of silver ($15 X. 715 ounces of silver per each dollar of face value. Here are two examples that calculate the value of junk silver using. To compensate for this, dealers reduce the amount of silver in each dollar of face value from approximately. During circulation of the coins, some of the silver content was inevitably lost due to constant handling. The silver content for each of the dime, quarters and half dollars are the amounts contained in each coint at the time of mintage. In order to simplify pricing, dealers will often price junk silver sold by face value (as calculated off the spot price). 3619=.7238 ounces)īullion dealers sell junk silver at a price per ounce over spot. Each dollar’s worth of pre-1965 half dollars will contain. Each dollar’s worth of pre- 1965 quarters will contain. Each dollar’s worth of pre-1965 dimes will contain. While pre-1965 dimes quarters and half dollars are made of 90% silver, the amount of silver is not easy to calculate when you are buying junk silver because the amount of silver in each coin is not denominated in round numbers.Įach pre- 1965 dime contains. For example, if you buy one five ounce silver bar and five one ounce American Silver Eagles, you can easily calculate that you are buying ten ounces of silver. This makes it easy to determine how much silver you are buying. Junk silver is different than most silver products in the market like silver bullion coins, rounds and bars that normally contain 99.9% silver and are minted in standard weights like 1/2 ounce, one ounce, five ounce, ten ounce and 100 ounce increments. Starting in 1965, dimes and quarters have been minted in a copper and nickel clad composition with no silver content (other than Kennedy half dollars that were minted with 40% silver from 1965-1970). Before 1965, the United States minted dimes, quarters and half dollars made of 90% silver and 10% copper.
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