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 about 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 number of silver coins required make 1 oz of silver is determined by the size of the coins in question, and the composition of the metal used to manufacture them. For example, it takes 14 dimes issued between 1875 and 1964 to make 1 oz of silver.Full Answer >
The price per ounce for all types of gold, including 18-karat gold, changes a number of times throughout the day. Eighteen-karat gold prices typically vary by as much as $10 per ounce throughout the course of a day.Full Answer >
Some of the most valuable British coins are early large-sized guineas, large British gold coins, the British Proof Sets and early sovereigns before Queen Victoria. Generally, coins with higher values are uncirculated coins that maintain their pristine state of preservation.Full Answer >