Let’s say someone wanted to purchase some Franklin coins. According to Goldline, there is .36169 oz of silver in the coin. The current spot price is $46.34 (or thereabouts). Goldline is selling the coin at $26.17. How do I determine its current market value? If I multiply the spot buy price by .36169 oz, I come up with $16.76. Additionally, 10% of the coins is made of copper and the coin was made between 1948-63 (approximately 510M were minted). Is this a worthwhile investment? I realize that the spot price could nose dive but I am trying to get an idea of the coin’s market value at this time.
If you’re looking to invest in silver I would recommend rounds, bullion, or American Eagles and not Franklin’s.
This site has been invaluable:
For the most part, with the 90% silver coins, you just take “face” times some number, currently 34, to determine the silver value of the coin.
A ‘64 dime is currently worth $3.40 in silver content.
A ‘64 quarter would be .25 X 34, or $8.50.