I am desperately looking for the formula that calculates the value of a foreign silver coin. For example, I have 14 Mexican silver pesos. They contain only .100% silver and each weighs at 17 Grams.
Now How would I calculate the entire amount of silver I have with these 14 coins? Do I do it like this: 14*17=238 grams
.100*238=23.8 grams of silver? 23.8/31.03=1.3 ounces of Mexican silver?
Oh, please try to explain this as simple as possible, I'm not a very smart man!
Please, please, please help and let me know asap-Thanks in advanced and may the valuable coins find there way into your pockets!
Foreign Silver Coins
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Hello!
I am desperately looking for the formula that calculates the value of a foreign silver coin.
For example, I have 14 Mexican silver pesos. They contain only .100% silver and each weighs at 17 Grams.
Now How would I calculate the entire amount of silver I have with these 14 coins? Do I do it like this: 14*17=238 grams
.100*238=23.8 grams of silver? 23.8/31.03=1.3 ounces of Mexican silver?
Oh, please try to explain this as simple as possible, I'm not a very smart man!
Please, please, please help and let me know asap-Thanks in advanced and may the valuable coins find there way into your pockets!