Jump to content
CoinPeople.com

Recommended Posts

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!

Link to post
Share on other sites

You've pretty much got it, though on your last step your formula is right but you inversed the calculation.

 

For weight, I'd go to the 1/10 of a gram (e.g. 16.0g for a 1950s-50s Mexican 10% silver peso), and for grams/ounce, it's 31.1

 

14 * 16.0 * 0.100 / 31.1 = 0.72 troy ounces.

Link to post
Share on other sites

The reality of the 10% silver coins are that, despite their silver content, it's inefficient to melt them down to extract silver from them.

 

Hence, you will be hard pressed to find people that are willing to pay the silver content value of them, unless their numismatic value are worth more than their melt value.

Link to post
Share on other sites

But when silver passes a much higher price mark - like $40 an ounce, people will be willing to melt anything they can get their little hands on. So I'd hold them.

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
×
×
  • Create New...