Posted 14 years ago
rocker-sd
(119 items)
Heres one for Bahamaboy. This is a 52.08 troy oz bar I recently purchased from an estate of a friend. I know the story behind it. My friends father give it to her for a christmas present in the 1970's during the last spike in silver prices. Her father was movie projectionist for almost 40 years. Each time a film reel came to be played the end of the film was sealed down with a drop of silver. Each time he played a film, he took that piece of silver and put it in a coffee can he had attached to his projector. When he retired he had all the silver from his career refined into two bars. One for my friend and one for her sister.
Silver today went over $40.00 dollar and ounce. I wonder how high it will go? Weather it will drop again like it did after the Bass high of the 70's. How do you calculate the value of silver dollars?
Silver is up to 40.91 today.
Thanks Ebay-Man, What a great tool, I'll keep it bookmarked. The help and lesson's I've learned on this site is amazing.
Great item & great story behind it.
I assume you mean melt value, Morgan, Peace, and Ike dollars. The value changes with the price of silver.
As an example, with silver at $31.11, the melt values are as follows:
Morgan Dollar, $24.06 ea.
Peace Dollar, $24.06 ea.
Ike Dollar, $9.84 ea.
Here is how to figure that.
In Morgan & Peace dollars there are .7735 troy ounces of silver each, just multiply that times the spot silver price.
In Ike dollars there are .3126 troy ounces of silver and multiply that times the spot price.
Hope this helps
i dont know what you mean by Bass high....are you refering to the Hunt Bros trying to corner the silver market?
dande52,
You are correct. Nelson Hunt and William Hunt tried to corner the silver market in 1980. At the time they owned one third of the entire world supply of silver (other than that held by governments), and filed for bankruptcy under Chapter 11 of the Federal Bankruptcy Code in September 1988.
Hunt Brothers, correct. THANKS