Wednesday, March 17, 2010

Working Out the Value Of Silver Dollars

For anyone who owns silver dollar coins or other junk silver coins - calculating the value today can be a bit of a pain (they are worth way more than a dollar today!!!) So this article will explain how to do that easily

Get the current price of silver per ounce. You can get this by going to www.in-gold-we-trust.info - the prices are listed on the Home Page or Alternatively go to www.kitco.com
Step
2
Establish if your dollars are
• Trade Dollars
• Morgan Dollars
• Peace Dollars

You can do this by looking at the date

• Trade Dollars minted between 1873-1883
• Morgan Dollars minted between 1878-1921
• Peace Dollars minted between 1921 - 1935
Step
3
Take the current price of silver (lets say it is $16.50) and do the following calculations

• Trade Dollars = 16.50 x 0.78761 x the number of coins you have
• Morgan Dollars = 16.50 x 0.77343 x the number of coins you have
• Peace Dollars = 16.50 x 0.77343 x the number of coins you have

The second figure in the calculation is the ounce amount of silver in the coin



In Gold We Trust is an Online Calculator for all Silver Dollar and Junk Silver Coins

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