There are roughly 28.35 grams in an avoirdupois ounce, but a troy ounce is roughly 31.1035 grams.įor example, consider a 1964 Kennedy half dollar was minted with 90% silver content and a gross weight of approximately 12.5 grams. A troy ounce is different from the more common avoirdupois ounce that's used to measure most other goods in the U.S. Precious metals are measured in troy ounces. This high silver content gives them a significant intrinsic value based on the current spot price of silver. When dealing with circulated junk silver coins, most will be minted from an alloy that contains 90% pure silver. Many coins will have a specific weight and purity denoted on them. The melt value is primarily determined by the metal's weight and purity, and is calculated based on current market trading prices for the metal. It's the value that a coin would have if it were melted down to recover the metal it contains. Current US Circulated Silver Coin PricesĬoin melt value refers to the intrinsic value of the precious metal contained within a coin.
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