Hardly — the denarius started out under 7 grams, and as the population grew, the coin shrank to about 3 grams; these are probably 3 to 4 grams each, or 7 or 8 to the ounce. Current price of silver is about $40/oz, so each of these coins has about $5 worth of silver, a total of $105. Of course, during the Hunt brothers corner of the silver market (using money from the shorts to finance the purchase of more silver, so that the shorts were cutting their own throats, a work of diabolical genius until they were exposed and everyone else, including some gov’ts, dumped their holdings) the price was a bit higher than this.
Collector value is more the $5 per coin.
“Collector value is more the $5 per coin.”
Just a wee tad!
I’m curious, what do you think to the feds confiscating the 1933 double eagale gold coin from a private safe deposit box in Philly?