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Silver and Gold

Posted: Wed Jan 24, 2007 12:13 pm
by DiggityBiggity
Does anyone know anything about silver and gold coins? Like... how much is a silver half dollar REALLY worth?

Re: Silver and Gold

Posted: Wed Jan 24, 2007 1:34 pm
by 84fierotrevor
DiggityBiggity wrote:Does anyone know anything about silver and gold coins? Like... how much is a silver half dollar REALLY worth?
50 cents, get yourself a slurpy at 7-11 and smile the rest of the day :thumbleft:

can you really put a price on that?

Posted: Wed Jan 24, 2007 2:58 pm
by DiggityBiggity
Dude.. a 90% silver half dollar MUST be worth more than $.50

Posted: Wed Jan 24, 2007 3:19 pm
by donk_316
how much does it weigh? an ounze of silver is 12-13 bucks.

Posted: Wed Jan 24, 2007 3:48 pm
by DiggityBiggity
11.25 grams of Silver

Posted: Wed Jan 24, 2007 3:50 pm
by DiggityBiggity
So does that make it about $4 a coin?

Posted: Wed Jan 24, 2007 4:21 pm
by Fastback86
The US Mint sells the silver coins for $20-30. Some of that is certainly mark up, but it makes me wonder what the actual material value is. I somehow doubt they're charging a 400-700% increase over the material value.

http://catalog.usmint.gov/webapp/wcs/st ... ogId=10001

Posted: Thu Jan 25, 2007 10:28 am
by DiggityBiggity
DiggityBiggity wrote:11.25 grams of Silver
So was my math correct? At that weight and the current price of silver, are they worth about $4-$5?

Posted: Thu Jan 25, 2007 11:30 am
by cactus bastard
The Canadian Mint produces a new series of "limited edition" quarters each year. They're made out of nickel or whatever the hell quarters are usually made out of and they circulate them as usual, but they also sell them directly for a hell of a markup. I think the full sets (10 or 12 quarters) are like $25 each.

And these things aren't even remotely rare. As long as you make cash purchases once or twice a week, you could easily just collect them yourself.

Posted: Thu Jan 25, 2007 11:33 am
by DiggityBiggity
cactus bastard wrote:The Canadian Mint produces a new series of "limited edition" quarters each year. They're made out of nickel or whatever the hell quarters are usually made out of and they circulate them as usual, but they also sell them directly for a hell of a markup. I think the full sets (10 or 12 quarters) are like $25 each.

And these things aren't even remotely rare. As long as you make cash purchases once or twice a week, you could easily just collect them yourself.
I don't live in Canada

Posted: Thu Jan 25, 2007 2:20 pm
by Dirty Sanchez
Some American coins actually contain more precious metals than their face value. I think it is illegal to melt them down to extract these metals if that is why you were asking.

Posted: Thu Jan 25, 2007 2:57 pm
by whipped
Pennies made before 1974 are made with more than a penny's worth of copper. I think copper is ~$3/lb. A penny weighs 2.5g

182 pennies per pound

So, find 182 pennies made before 1974, melt them down, and buy a big mac with your profit. Good luck finding old pennies though..... I think everybody knows this now. ;)

Posted: Thu Jan 25, 2007 3:45 pm
by stimpy
My grandparents had a glass 5 gallon water bottle full of pennies when I was a kid. I wonder what happened to that. It must have had pennies back from the 40's.

Posted: Thu Jan 25, 2007 7:36 pm
by cactus bastard
DiggityBiggity wrote: I don't live in Canada
I wasn't talking to you.

Posted: Sat Jan 27, 2007 3:42 am
by DiggityBiggity
cactus bastard wrote:
DiggityBiggity wrote: I don't live in Canada
I wasn't talking to you.
Uhmm... Ok?

Posted: Sun Jan 28, 2007 1:46 pm
by 84fierotrevor
DiggityBiggity wrote:
DiggityBiggity wrote:11.25 grams of Silver
So was my math correct? At that weight and the current price of silver, are they worth about $4-$5?

dude thats like 10 slurrpy's in a row, each one better then the next :thumbleft:

i envey you :salute: slurrpy god

Re: Silver and Gold

Posted: Mon Jan 29, 2007 9:44 am
by Pyrthian
DiggityBiggity wrote:Does anyone know anything about silver and gold coins? Like... how much is a silver half dollar REALLY worth?
silver - roughly $25-35 for a 1 oz coin.
a actual silver half dollar - depends on the coin.
gold - roughly $500 for a 1 oz coin.