http://cgi.ebay.com/Huge-lot-of-200-Silver...5QQcmdZViewItem
silver closed friday at $12.34 an ounce.
morgans are 90% silver, and weigh 26.73 grams.
1 grams = 0.0352739619 ounce
26.73 * 0.0352739619 = 0.942873002
so each morgan weighs 0.942873002 ounces.
.94 * .90 = 0.846
so there is .846 ounces of silver per morgan.
.846 * 200 = 169.2
169.2 * 12.34 = $2087.928 worth of melt value.
these fuckers are under melt value. freakin nuts.
on an average coin, the intrinsic value is at least 150% of melt....
i'm freakin tempted....
silver closed friday at $12.34 an ounce.
morgans are 90% silver, and weigh 26.73 grams.
1 grams = 0.0352739619 ounce
26.73 * 0.0352739619 = 0.942873002
so each morgan weighs 0.942873002 ounces.
.94 * .90 = 0.846
so there is .846 ounces of silver per morgan.
.846 * 200 = 169.2
169.2 * 12.34 = $2087.928 worth of melt value.
these fuckers are under melt value. freakin nuts.
on an average coin, the intrinsic value is at least 150% of melt....
i'm freakin tempted....