re. crude is down whats the problem ?

Look at our monetary system first ok ? Since I was a young fellow I have always kept a little coin in my little piggy bank. Not a lot but all I can justify. But my savings in coin it does not consist of the coin most know of these days. My stash of coins does not consist of what most of us have rattling around in your pockets now a days. Prior to say 1964 our coinage was 90% silver "the real deal". After that date powers that be decided we would adopt token coinage that is a copper slug washed with the shiny stuff.Today right now I can still buy a gallon of gas for 25 cents and get some change back. So how can I do that? Old Earl down at my gas station is a silver bug and he knows that today the silver value in a 90% silver 25 cent piece is a little over $6.00 Today Earl said he would give me $5.00 each for all my silver quarters but I think I will keep them for now. I ramble a little but gas is still less than 25 cents a gallon to hear old Earl tell it. So is it the greedy oil companies or has our currency been debased ? Dont take my word for the value of our former coinage. Some folks say me and Earl are kinda funny bout money but we don't care. Do your own research and opinions may vary but I can still get me a gallon for an old quarter !! Yall be nice now

I still find some silver in my change once and a while. I believe the Kennedy half throught 67-69 was still 64% silver. Here's a break down of a 1964 ken half. Somebody on Craigs is offering 8.00.


Using the latest metal prices and the specifications above, these are the numbers required to calculate melt value:


$34.20 = silver price / ounce on Mar 03, 2011.
.90 = silver %
$4.4691 = copper price / pound on Mar 03, 2011.
.10 = copper %
12.5 = total weight in grams
.0321507466 = ounce/gram conversion factor
.00220462262 = pound/gram conversion factor (see note directly below)


The NYMEX 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.



1. Calculate 90% silver value :

(34.20 × .0321507466 × 12.5 × .90) = $12.3699997543


$12.3699 is the rounded silver value for the 1964 silver Kennedy half dollar on March 03, 2011. This is usually the value used by coin dealers when selling these coins at melt value. However, the total melt value is continued below.



2. Calculate 10% copper value :

(4.4691 × .00220462262 × 12.5 × .10) = $0.0123155


3. Add the two together :

$12.3699997543 + $0.0123155 = $12.3823152543




$12.3823152543 is the total melt value for the 1964 silver Kennedy half dollar on March 03, 2011.

Prices for bullion coins are easy to find at coinflation.com I use it all the time its pretty neat.