As of Sept. 18, 2014, the price per ounce for silver is $18.65, making the 0.999 silver coin worth the same amount. However, the coin's worth depends on the current market value of silver, which fluctuates rapidly and is updated by the minute. The coin value is also dependent upon the condition, rarity and face value, which is the monetary value stamped onto the coin, such as one dollar.Know More
If there is no face value stamped on the coin, then it is considered a round or medallion rather than a coin. Most 0.999 fine silver coins are actually rounds.
An ounce in terms of silver trading refers to a troy ounce, which is 31.1 grams or 1.10 of a regular ounce. The term 0.999 silver means that the item is 99.9 percent pure silver. The value of the actual silver contained in a coin is known as its melt value. Silver is no longer used to make coins in the United States, and the melt value of old silver coins is often much higher than the face value of the coin.
However, a silver coin that has a lower silver content may actually be more valuable because of its collector value, which depends on the date it was minted, its mint mark and whether it was circulated.Learn more in Currency & Conversions
The per-ounce price of gold reached a yearly high of $1,388.75 on March 16, 2014, according to JM Bullion. The lowest per-ounce price that year, and between 2011 and 2014 collectively, was $1,140 on November 11. The highest per-ounce price between 2011 and 2014 was $1,900.85 on September 5, 2011.Full Answer >
The Seated Liberty silver dollar coin was produced by the U.S. Mint from 1840 to 1873. These coins are composed of 10 percent copper and 90 percent silver, containing a total of 0.77 troy ounces of silver.Full Answer >
As of January 2015, the current price of silver on the market can be found in the commodities section of the CNN Money website. Comprehensive information on the current price of silver with details from throughout the day is available from NASDAQ.Full Answer >
Since 1986, the U.S. Mint has sold an average of 11.3 million Silver Eagle coins each year. The U.S. Mint does not provide production numbers of bullion sales, but it does provide sales numbers, also referred to as the mintage number.Full Answer >