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Sharkman
Penny Sorter Member
USA
49 Posts |
 Posted - 05/12/2009 : 08:41:15
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I am a little confused on how to do this. Let's say for example, I have a 1934 New Zealand One Shilling. It is .500 Silver and it is .1818 oz ASW.
Would I calculate?:
(Spot x ASW= Actual Silver Weight in Oz x .50) = $US silver value
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Country
1000+ Penny Miser Member
USA
3121 Posts |
 Posted - 05/12/2009 : 09:03:44
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quote:
Originally posted by Sharkman
I am a little confused on how to do this. Let's say for example, I have a 1934 New Zealand One Shilling. It is .500 Silver and it is .1818 oz ASW.
Would I calculate?:
(Spot x ASW= Actual Silver Weight in Oz x .50) = $US silver value
If you know the weight of the coin, multiply the weight of the coin times the percentage silver content (fineness) to get the ASW. ".500" Silver means that this coin is 50% silver by weight. A silver dime is ".900" silver and is 90% silver by weight (the other 10% primarily copper).
Formula should be: ASW * SPOT = $US SILVER VALUE
You must be logged in to see this link. |
---> Come to the new and improved realcent: http://realcent.org
The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
Theodore Roosevelt
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Sharkman
Penny Sorter Member
USA
49 Posts |
Posted - 05/12/2009 : 09:27:49
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The coin weighs 5.6500 grams divide by (31.1034768 # of grams in ounce)= .1816517 x .500 silver = .0908258 ASW or .0908 oz ASW.
so then
.0908 oz ASW * $14.16 (Spot) = $1.29
Okay so now I know I have about $1.29 in silver therefore the coin is worth no less than that. Perfect! Thanks County for clearing it up for me. :)
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Country
1000+ Penny Miser Member
USA
3121 Posts |
Posted - 05/12/2009 : 09:47:22
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| Using the formula gives you the intrinsic silver value of the coin. However, as you may know, foreign silver coins may be worth less than the value of their silver content; they may sell at a healthy discount to spot. Factoring in numismatic value could add greatly to the value of the coin. It all depends on the demand and scarcity of a foreign coin. |
---> Come to the new and improved realcent: http://realcent.org
The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
Theodore Roosevelt
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Ant
Penny Hoarding Member
USA
894 Posts |
Posted - 05/12/2009 : 12:29:02
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If you want, you can also go to numismaster.com. On the main page, there is a feature called "Find My Coin". Plug in a few pieces of information on the drop down menu and the program will select your coin (or a range of coins if you don't have quite enough info) from the database.
It's not hard to calculate silver values on your own, but the advantage of Numismaster's tool is the extra information you get -- weight, diameter, designer, KM number, etc.
You can do this without setting up a free account there, but as I recall, the info you get is more basic. Subscribers to the All-Access Coins Guide can see the mintages and price information.
Anyway, it's pretty neat. I made a database of all my coins using it. It beats looking up coins in the giant telephone book sized world coins guide.  |
Lovely dimes, the liveliest coin, the one that really jingles. --Truman Capote
Coins are the metallic footprints of the history of nations. --William H. Woodin |
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Ant
Penny Hoarding Member
USA
894 Posts |
Posted - 05/12/2009 : 12:30:19
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For a 1934 New Zealand 1 shilling, Numismaster's ID tool yields these results:
Probably more info than you wanted, but pretty neat. |
Lovely dimes, the liveliest coin, the one that really jingles. --Truman Capote
Coins are the metallic footprints of the history of nations. --William H. Woodin |
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Country
1000+ Penny Miser Member
USA
3121 Posts |
Posted - 05/12/2009 : 13:03:14
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| Thanks Ant. That's pretty neat, beats pouring through the Krause pages. |
---> Come to the new and improved realcent: http://realcent.org
The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
Theodore Roosevelt
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AGgressive Metal
Administrator
USA
1937 Posts |
Posted - 05/12/2009 : 15:07:45
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I collect British Empire coins if anyone is interested in selling such a coin. |
And he that hath lyberte ought to kepe hit wel / For nothyng is better than lyberte / For lyberte shold not be wel sold for alle the gold and syluer of all the world.
-Caxton's edition of Aesop's Fables, 1484 |
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CoinHunter53562
1000+ Penny Miser Member
USA
1805 Posts |
Posted - 05/12/2009 : 15:08:58
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| Wow...great link Ant. I have to bookmark that one. |
My hobby: collecting real money 1 copper cent or nickel at a time.
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Sharkman
Penny Sorter Member
USA
49 Posts |
Posted - 05/12/2009 : 16:23:45
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| Thanks Ant, I agree that numismaster.com is a quicker reference than consulting the big books. Great tip! |
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Sharkman
Penny Sorter Member
USA
49 Posts |
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Ant
Penny Hoarding Member
USA
894 Posts |
Posted - 05/19/2009 : 19:16:08
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What ho! What ho! Very handy! Bookmarking 'em right now.  |
Lovely dimes, the liveliest coin, the one that really jingles. --Truman Capote
Coins are the metallic footprints of the history of nations. --William H. Woodin |
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jadedragon
Administrator
Canada
3788 Posts |
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keys
Penny Collector Member
383 Posts |
Posted - 05/22/2009 : 14:22:36
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I still think the following site provides the easiest way to calculate your coin's value (lists value in US $, CAnadian $, Australian $ or Euros)
Just type in the quantity of each coin
in the block next to your type of coin
For New Zealand coins
You must be logged in to see this link.
For US coins
You must be logged in to see this link.
For Canaidan coins
You must be logged in to see this link.
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I change with the times-
but like silver coins found in your change
I stay the same.
*****************
The United States of America started out as the new Republic of Rome.
Will The United States of America end up as the New Imperial Rome? |
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L1011
Penny Collector Member
310 Posts |
Posted - 05/22/2009 : 15:08:52
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| Very Handy....thanks guys |
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Topic |
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Need formula for silver value in world coins.
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