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metro_copper
New Member
USA
17 Posts |
 Posted - 01/29/2010 : 15:26:09
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When I call a dealer and ask what is the buy
price on 90% silver coins.,
11.7 X face as an example,
How is the formula figured?
Thanks.
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Nickelmeister
Penny Hoarding Member
Canada
588 Posts |
Posted - 01/29/2010 : 15:32:09
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Every dealer is different, but is basically boils down to a % of the current spot price.
See the buy calculator on my web-site for example: You must be logged in to see this link.
I pay 90% of spot for Canadian silver coin. Therefore, my "times face" is (spot $/oz x 0.6 oz/FV x 0.9) = $/FV
Does that help? |
www.WinnipegGoldBuyer.com
Standing offer for sale of quality, second-hand solid gold jewellery:
<$100 USD worth - spot +25%, plus actual shipping
$101-500 worth - spot +20%, plus actual shipping
$501-1,000 worth - spot +15%, plus actual shipping
$1,001+ worth - spot +10%, plus actual shipping |
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garnede
Penny Collector Member
USA
386 Posts |
Posted - 01/29/2010 : 19:02:35
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There is .7234 oz of silver in $1.00 of face value of 90% silver. You can check the value at You must be logged in to see this link.
10 dimes, 4 quarters, or 2 half dollars all have the same amount of silver. |
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Lemon Thrower
1000+ Penny Miser Member
USA
1588 Posts |
Posted - 01/29/2010 : 19:35:56
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convention is 715 ounce per thousand dollars
spot price times 715 divided by 1000. |
Buying:
Peace/Morgan G+ at $15.00
copper cents at 1.3X
wheat pennies at 3X
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The formula for the silver buy price
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