Silver Calculator Functions:
- Bullion Silver Value - Computes the value of bullion (.999) silver based on weight and the current spot price.
- Silver Alloy (scrap) Value - Computes the value of scrap silver base on the purity, weight and current spot price.
- Junk Silver Value - 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 Coins - 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 - 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,
- How Much Silver Can I Buy - Computes the weight of silver one can buy based on the amount of money you have, the current price of silver and a retailer's markup.
Data Items
- Silver SPOT ($/g): $0.999 per gram
- Silver Spot ($/Oz): $31.07 per troy ounce
- Sterling Silver: 92.5 % silver purity
- Fine Silver: 99.9 % silver purity
Silver Scrap Buy Price
The Silver Value (Jeweler's Buy Price) equation lets you:
- enter the weight of your scrap silver on one of many units,
- It then asks for the purity (e.g. % pure silver). Note: Sterling silver is traditionally 92.5% (0.925) pure. While Fine silver is 99.9% (0.999).
- It then asks for a refiners fee (e.g. 5%), and
- it asks for the fee (profit) of the buyer.
It then returns the buy price of the silver accounting for the above factors and the current silver spot price.
Junk Silver
Junk Silver is comprised of U.S. silver coins with no numismatic value. These are often coins that are very worn and have lost any value outside of the silver content. Junk Silver coins are usually U.S. coins with dates before 1964 when the U.S. Mint stamped its last coins with .9 silver content. The Junk Silver Value equation calculates current value for Junk Silver based on the dollar Face Value and the current Silver Spot Price ($17.38/Troy Ounce) in U.S. dollars. The Face Value is the sum of the different coins.
Clad Silver
Clad Silver consists of U.S. half dollars minted between 1965 and 1970 with no numismatic value. These are often coins that are worn and have lost any value outside of the silver content. During this period, 1965 to 1970, the U.S. Mint stamped its Kennedy half dollars with .4 silver content. Prior to 1965, half dollars and all silver U.S. coins had 90% silver (see Junk Silver). The Kennedy Half dollar coins during this period had the following specifications:
- 40% silver equal to 0.1479 troy ounces
- Outer layer: 80% silver and 20% copper
- Core: 21.5% silver and 78.5% copper
- Total weight of 11.5 grams
- Specific gravity: 9.53
- Diameter: 30.60 mm
- Thickness: 2.15 mm
- Volume: 1.58114316 cm³