Silver Calculator

Not Reviewed
Calculator / Last modified by KurtHeckman on 2017/10/20 15:17
Silver Bullion Value
Scrap Silver Value
Junk Silver Value
Junk Silver Coin Count
Clad Silver Value
Silver SPOT ($/Oz)
Silver SPOT ($/gram)

The Silver Calculator computes the current value of coins, jewelry and bullion. SilverBullion.JPG                          Bullion Silver Coins The Silver Calculator has equations and data useful for Jewelers and other merchants of silver and for anyone that wants to know the value of their silver.  The current Silver Spot Price is ($15.32/Troy Ounce) in U.S. dollars.  The SPOT price is updated every two minutes.

Silver Calculator Functions: 

  • Bullion Silver Value - Computes the value of bullion (.999) silver based on weight and the current spot price.
  • Scrap Silver Value - This computes the value of scrap silver base on the purity, weight, refiner fee, merchant profit 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
  • Spot Price in U.S. dollars per troy ounce

Silver Scrap Buy Price

The Silver Value (Jeweler's Buy Price) equation lets you:

  1. enter the weight of your scrap silver on one of many units, 
  2. 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).
  3. It then asks for a refiners fee (e.g. 5%), and
  4. 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

SPOT Prices

This is a simple equation where you choose a precious metal from the list, enter the weight of the refined metal you have and it provides a current value based on the current SPOT price.  The default amount is one Troy ounces so the spot price of the metals is provided by default.

Notes

This calculator was compiled with functions geared to meet the daily needs of a professional jeweler or pawn broker.  Requests for new equations and/or corrections to existing equations will be rapidly implemented.  Use the REPORT A PROBLEM button.

See Also