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The Silver Alloy Value equation calculates value of silver items based on the weight of the item, percent silver content and current value of refined silver in U.S. dollars
INSTRUCTIONS: Choose units and enter the following:
- (W) Silver Alloy Weight
- (PP) Percent Purity
- Sterling silver is 92.5% (0.925) pure.
- Fine silver is 99.9% (0.999) pure.
Silver Value (SV): The calculator returns the value in U.S. dollars. However this can be automatically converted to other currencies via the pull-down menu.
| Current SPOT USD | ($/gram) | ($/troy_oz) | |
| Gold | $105.634 | $3285.59 | |
| Platinum | $30.865 | $960.01 | |
| Palladium | $30.157 | $937.99 | |
| Silver | $1.032 | $32.1 |
Computing Silver Value
The Value of Silver Alloy is a two step process:
- The weight of the pure silver is established based on the input weight and the purity percentage.
- The current value of the pure silver is established by multiplying the weight of the pure silver by the current silver spot price.
The result is the price that silver is worth. But please note, this does not include refining fees and processing fees of the jeweler.
The weight can be in Troy ounces, pennyweight or grams. vCalc converts the weight into Troy Ounces and then fetches the current spot price for an ounce of silver.
The formula for the value of silver alloy is:
SV = W * PP * SPOT
where:
- SV = Silver Value
- W = Weight of Silver Alloy (e.g. scrap or junk silver weight)
- PP = Percent Purity
- SPOT = Current market spot price for silver.
SPOT comes from /www.xmlcharts.com/cache/precious-metals.xml
- Bullion Silver Value - Computes the value of bullion (.999) silver based on weight and the current spot price.
- Silver Alloy (scrap) Value - This computes the value of scrap silver base on the purity, weight and current spot price.
- Junk Silver Value - This computes the value of junk silver (U.S. silver coins) based on the face value of the coins and the current spot price
- Junk Silver Coin Count - This computes the value of junk silver coins. It let's the user enter the number of different coins to compute the value.
- Clad Silver Value- This computes the value of U.S. silver half dollars between 1965 and 1970 based on the Face Value, a Clad Factor and the current SPOT price,
- Spot Price in U.S. dollars per gram: $1.032 per gram
- Silver Spot Price in U.S. dollars per troy ounce: $32.1 per troy ounce
- Percent Silver in Sterling Silver: 92.5 %
- Percent Silver in Fine Silver: 99.9 %
