03/18/2017
This year, the vernal equinox takes place on Monday, March 20 at 6:28 a.m. EDT. At this time, the sun is crossing over from the southern hemisphere into the northern hemisphere. During this process, the sun is shining directly over the earth's equator, bathing the earth's northern and southern hemispheres in nearly an equal amount of sunlight.
Here in the Burgh, it's -7* when the wind blows. Spring remains a concept and Silver Premiums (what folks charge above the Melt value) are as extreme as the weather. Craig's List offers a snap shot of the local reality.
SILVER PREMIUMS on March 16. 2017 : CME: $17.32.
"12 Morgan Silver Dollars - Circulated - $360 (Pittsburgh)"
Calculate 90% silver value : $13.40
($17.32 × .0321507466 × 26.73 × .90) = $13.3961615637
$13.40 x 12 = $ 160.80.
$360 - $161 = $ 199.00.
Q: $199 is what % of $360?
A: 55% Premium over Melt.
Values:
$17.32 = Silver price / ounce on Mar 16, 2017.90 = Silver %.
$2.6607 = Copper price / pound on Mar 16, 2017.10 = Copper %.
26.73 = Total weight in grams.
http://www.coinflation.com/coins/1878-1921-Silver-Morgan-Dollar-Value.html
-*-*-*-*-*-*-*-*-*-*-*-*-*-*
"80 Silver Washington Quarter coins - $300 (Pgh)"
Calculate 90% silver value :
(17.32 × .0321507466 × 6.25 × .90) = $3.1322864875
$3.13 x 80 = $ 250.40.
$300 - 250.40 = $ 49.60.
Q: $49.60 is what % of $300?
A: 16.53% Premium over Melt.
Values:
6.25 = Total weight in grams.0321507466 = Ounce/gram conversion factor.00220462262 = Pound/gram conversion factor.*
* The CME uses pounds to price copper and that means we need to multiply the metal price by .00220462262 to make the conversion to grams. The silver price is based in troy ounces and that means we need to multiply the metal price by .0321507466 to make the conversion to grams.
http://www.coinflation.com/coins/1932-1964-Silver-Washington-Quarter-Value.html
-*-*-*-*-*-*-*-*-*-*-*-*-*-*
"1922-1923 Peace Dollars (Uncirculated, NGC Certified, MS64) $55"(Pgh) "
Calculate 90% silver value :
(17.32 × .0321507466 × 26.73 × .90) = $13.3961615637
$13.40 x 1 = $ 13.40.
$55 - 13.40 = $ 41.60.
Q: $41.60 is what % of $55?
A: 75% Premium over Melt.
http://www.coinflation.com/coins/1921-1935-Silver-Peace-Dollar-Value.html
