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90% Silver Melt Formula:
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The melt value of 90% silver coins represents the intrinsic value of the silver content based on current market prices. Many historical coins contain 90% silver, and this calculator helps determine their bullion value.
The calculator uses the simple formula:
Where:
Explanation: The formula multiplies the total weight by the percentage of silver content (0.9) and then by the current silver price per gram.
Details: Knowing the melt value helps collectors and investors understand the minimum bullion value of their coins, which is especially important when buying, selling, or insuring silver coins.
Tips: Enter weight in grams, purity (typically 0.9 for 90% silver coins), and current silver price per gram. All values must be positive numbers.
Q1: What's the difference between numismatic value and melt value?
A: Melt value is just the silver content worth, while numismatic value includes collector premium based on rarity, condition, and demand.
Q2: How do I find current silver prices?
A: Check reputable bullion dealers or financial websites for live spot prices of silver per troy ounce or gram.
Q3: Why use grams instead of troy ounces?
A: Grams are more precise for smaller quantities and are the standard metric unit. You can convert troy ounces to grams (1 ozt = 31.1035g).
Q4: Does this calculator work for other purity silver?
A: Yes, just adjust the purity value (e.g., 0.999 for fine silver, 0.925 for sterling).
Q5: Should I melt down my 90% silver coins?
A: Generally not recommended as many have collector value above melt. Consult a professional before considering melting coins.