Jonah Patel
Silver rounds are a popular option for investors due to their affordability and design appeal. The 1 oz Silver U.S.S. Constitution rounds, for example, are highly sought after by collectors. These rounds are no longer being minted, making them a rare find. Each round contains one troy ounce of .999 fine silver. Determining the weight of constitutional silver can be done by multiplying the total face value by 0.715, with $1.40 in face value equalling approximately one troy ounce.
| Characteristics | Values |
|---|---|
| Weight | 1 Troy ounce |
| Purity | 0.999 fine silver |
| Face Value | $1.40 |
| Design | Texas firearm insignia, eagle motif, 2nd Amendment shield, wreath laurel |
| Packaging | Plastic flips, acrylic tubes of 20, or boxes of 500 |
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What You'll Learn
$1.40 face value = 1 troy ounce
Junk silver is a term used to refer to any US coin that contains precious metals, such as dimes, quarters, half dollars, and dollar coins. These coins are usually 90% silver and 10% copper.
The value of junk silver is calculated based on its weight in troy ounces of silver. While the exact weight of silver in these coins varies depending on their denomination and level of wear, it is generally accepted that $1.40 in face value of 90% silver coins equates to approximately 1 troy ounce of silver. This is calculated by multiplying the total face value by 0.715 to get the weight in troy ounces.
For example, 14 dimes, 5.5 quarters (rounded up to 6 quarters), or 3 half dollars with a total face value of $1.40 will equal 1 troy ounce. It is important to note that the weight of silver in these coins is proportional to their face value. Therefore, 5 dimes weigh the same as 2 quarters or 1 half dollar.
Additionally, silver dollars, such as Morgan and Peace dollars, weigh slightly more at approximately 0.773 troy ounces, and their weight is not directly proportional to their face value.
It is worth mentioning that the weight calculations provided are estimates, and the actual weight of silver in these coins can vary slightly due to factors such as wear and production variations.
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$1 face value = 0.715 troy ounces
Junk silver is a term used for any silver coin that is or was legal tender and has no collectible value above the silver it contains. US 90% junk silver coins with a $1 face value contain 0.715 troy ounces of 99.9% silver. This means that $1.40 in face value will get you approximately 1 troy ounce of silver.
To calculate the weight in troy ounces of constitutional silver, you can multiply the total face value by 0.715. For dollar coins, the calculation is .773 x face value x spot.
If you are trying to calculate the silver value of your coins, you can use the following formula: Silver Value = Spot Price * ((Weight * 0.9115) * 0.9). To calculate the premium, you can use the formula: Premium = Amount Paid / (Spot Price * (Face Value * 0.715))).
Pre-1965 US Silver coins are desirable due to their ease of use in trade, lower premiums, and familiarity.
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$1 face value = 90% weight in troy ounces
Junk silver is a term used to refer to US coins minted before 1965 that contain 90% silver content. These coins are no longer in everyday circulation but are now valued for their silver content.
$1 Face Value 90% silver coins contain around 0.715 troy ounces of silver. This is because the $1 silver coins, like Morgan and Peace dollars, contain around 0.7734 troy ounces, many of which hold numismatic premiums.
To calculate the value of silver in a coin, multiply the silver weight in troy ounces (not the coin weight) by the silver spot price. For example, a junk silver quarter has a silver content of 0.1808 troy oz. If the silver spot price is $10/troy oz, then the quarter's value is $1.81.
You can also calculate the silver value by multiplying the spot price by the face value and 0.715. Sometimes, junk silver is sold by the total weight of the coins (not the weight of the silver content) in troy ounces. In this case, the calculation is slightly different: Silver Value = Spot Price x (Weight x 0.9).
It is important to note that the weight of the silver in $1 Face Value 90% silver coins may vary slightly, with some coins containing up to 0.719 troy ounces of silver.
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Dollar coins: 0.773 x face value x spot
The U.S. Constitution Mint produces 1 oz Silver U.S.S. Constitution coins, which contain one troy ounce of pure silver. These coins are valued based on the price of silver, which is currently USD 32.18 per ounce (based on a price of silver at 1036 USD/kg).
When it comes to dollar coins, the calculation to determine the weight of silver they contain is: 0.773 x face value x spot. This calculation takes into account the fact that dollar coins contain more silver than other constitutional silver coins.
Constitutional silver refers to the weight of silver in pre-1965 US coins. These coins were minted in 90% silver and 10% copper. The term "constitutional silver" comes from Article 1, Section 10 of the US Constitution, which states that only gold and silver coin can be considered legal tender.
To calculate the weight of silver in constitutional silver coins, you can use the formula mentioned earlier: 0.773 x face value x spot. This formula provides the weight in troy ounces, which is a standard unit of measurement for precious metals.
It's important to note that the value of silver can fluctuate, so the weight calculations for constitutional silver coins may vary slightly over time. Additionally, different online junk silver calculators may yield slightly different results due to variations in their calculation methods.
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Junk silver value: spot price x weight x 0.9 x 0.9115
Junk silver generally refers to pre-1965 US dimes, quarters, and half-dollars that contain 90% silver. The other 10% is usually copper, another expensive metal. The value of junk silver can be calculated using the formula: spot price x weight x 0.9 x 0.9115. Here's a breakdown of the formula:
- Spot Price: This refers to the current market price of silver per troy ounce. It is usually quoted in USD per troy ounce.
- Weight: This is the weight of the junk silver item in troy ounces. You can calculate the weight of junk silver coins by multiplying the total face value by 0.715 to get the weight in troy ounces. For example, $1.40 in face value is approximately equal to one troy ounce.
- 0.9: This factor accounts for the fact that junk silver is typically 90% silver. Multiplying by 0.9 adjusts the value to account for this purity.
- 0.9115: This factor accounts for the weight of a troy ounce, which is approximately 31.1 grams. Multiplying by 0.9115 converts the value from troy ounces to grams.
For example, let's say you have a Mercury dime, which weighs 2.5 grams and contains 90% silver. The spot price of silver is $20 per troy ounce. First, calculate the value of one troy ounce: $20. Then, calculate the value of the silver in the dime: 2.5 grams ÷ 31.1 grams = 0.08. Multiply this by the spot price: 0.08 x $20 = $1.60. This is the value of one troy ounce of 100% silver. Now, adjust for the 90% silver content: 0.9 x $1.60 = $1.44. So, the Mercury dime is worth approximately $1.44 when the spot price of silver is $20.
It's important to note that the formula provided assumes a certain level of purity and weight measurement specific to junk silver coins. If you are calculating the value of other silver items, such as silver rounds or bars, the formula may differ slightly. Additionally, online calculators can provide a more precise value for your junk silver by incorporating real-time spot prices and additional variables.
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Frequently asked questions
You need $1.40 worth of constitution silver to make 1 troy ounce.
One way to calculate how much constitution silver you need is to multiply the total face value by 0.715 to get the weight in troy.
There are many different ways to calculate the weight of constitution silver. One way is to weigh the coins and figure out 90% of the weight to get the troy ounces.
