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.
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
A 10-pence coin is a coin issued by the British government. It is worth one-tenth of a pound, so it is analogous to a U.S. dime.Full Answer >
A U.S. dollar collapse could send investors and consumers into a panic, causing extreme turmoil in local and foreign markets. It is also likely that a severely devalued dollar is capable of quickly tanking the U. S. economy, sending the country into a recession or depression.Full Answer >
A monetary coin is a circulated coin that has financial value in a culture. Paper money and coins are standard currencies in most countries. A monetary coin is different from a collectible coin that has no tangible value.Full Answer >
Pennies are brown because they are made with copper. Copper is a metal that reflects light in such a way so that it appears brown.Full Answer >