Junk Silver Coin Shop

Question by Gary: what is sterling silver compared to junk coin silver?
how would you do the math to sell junk silver?

Best answer:

Answer by I. B. Zoxx
Sterling silver is, by definition, 92.5% fine silver by weight..
US 1964 and earlier silver 10, 25, 50 cent and coins are 90% silver by weight.. For silver coins of other countries, you would have to look it up (the Standard Catalog of World Coins, published by Krause Publications, is the most commonly used reference for this).
For sterling, calculate 92.5% of the total weight to get the pure silver weight. One troy ounce is 31.1 grams, and this morning's silver quote is .06 per troy ounce.
For US coins, use 90% in place of 92.5%
For British coins, they were sterling until 1922 and 50% silver until 1947. UK Circulating coins dated 1947 and later contain no silver.

Know better? Leave your own answer in the comments!

Originally posted 2010-06-04 01:44:01. Republished by Blog Post Promoter

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