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.
$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.
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