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Silver Melt Value Formula:
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The silver melt value represents the intrinsic metal value of a silver coin or item based on its weight, purity, and the current spot price of silver. It's the theoretical value if the item were to be melted down for its metal content.
The calculator uses the melt value formula:
Where:
Explanation: The formula calculates the actual silver content value by accounting for both the physical weight and the fineness (purity) of the silver.
Details: Knowing the melt value helps investors, collectors, and dealers determine the minimum value of silver items, assess premiums over spot price, and make informed buying/selling decisions.
Tips: Enter weight in troy ounces (1 troy oz = 31.1035 grams), purity as a decimal fraction (e.g., 0.900 for 90% silver), and current spot price in USD per troy ounce. All values must be positive numbers.
Q1: How is this different from numismatic value?
A: Melt value only considers the metal content, while numismatic value includes collector premiums based on rarity, condition, and demand.
Q2: Where can I find current silver spot prices?
A: Spot prices are available from commodity exchanges like COMEX, LBMA, or financial news websites.
Q3: What's the purity of common silver coins?
A: Examples: American Silver Eagle (0.999), Morgan/Peace dollars (0.900), US 90% silver coins (0.900), sterling silver (0.925).
Q4: How accurate should my measurements be?
A: For precise calculations, use exact weights (preferably from a calibrated scale) and verify purity marks or coin specifications.
Q5: Does this account for refining costs?
A: No, melt value is theoretical. Actual refining/selling may involve additional costs that reduce the realized value.