Precious Metals Exchange Rate Inquiry

[weishaupt1776]

I need to know how to calculate how many FRNS one would have to spend in order to give me silver which would be of a 15 FRN value

I understand that there is a dealer price and the main market price.

So how do I figure out how much the average person with average connections would pay

See, this is what i want to do

In my biz, i charge 20 FRNS per 1/2 hr.

I am considering offering my 1/2 hr. services for silver at 15 dollars in lawful money as an option to the 20 FRN price

[rottweiler]

http://www.nwtmintbullion.com/silver_bags.php

Originally Posted by weishaupt1776

I need to know how to calculate how many FRNS one would have to spend in order to give me silver which would be of a 15 FRN value

I understand that there is a dealer price and the main market price.

So how do I figure out how much the average person with average connections would pay

See, this is what i want to do

In my biz, i charge 20 FRNS per 1/2 hr.

I am considering offering my 1/2 hr. services for silver at 15 dollars in lawful money as an option to the 20 FRN price

[weishaupt1776]

Cool, so it looks like it's around 14.25 FRNS for one silver dollar

So I could charge 1 silver dollar per 1/2 hour and be out
¢.75

Sounds cool

[ezrhythm]

You can check the price of an oz. of silver on a minute by minute basis at; kitco.com

At the site, scroll down a bit, it's on the right.

The price shown is called the Spot Price and is used for buyers and sellers to set their own price. If you are able to buy silver at the current spot price, that is considered a very good deal. Keep sales tax in mind if purchased in your state and S+H if mail ordered.
It is common to pay up to $1 per oz. over Spot when purchasing and receive $1 under Spot when selling to a dealer. Any amount more than that means you could probobly find a better deal elsewhere.

Pre 1965 American coins are 90% silver so for example a 1964 silver dollar is really a silver dollar.

[palani]

If dealing with 90% silver (pre-1965 dimes, quarters and halves) the current going rate appears to be around 10 times face value
$.10 == $1 FRN

$.25 == $2.50 FRN

$.50 == $5.00 FRN

By the way, this is a good indicator of exactly how much value has been removed from the FRN since minting these coins.

[rottweiler]

Absolutely. On top of that silver historically has been mined and valued at 17oz for each 1oz of gold. The current ratio is way out of wack at 56 to 1. For gold to hit an all-time high adjusted for inflation it would be $2500 and silver at about $150. I figure the FRN has lost 98% of it's value since 1913.

Originally Posted by palani

If dealing with 90% silver (pre-1965 dimes, quarters and halves) the current going rate appears to be around 10 times face value
$.10 == $1 FRN

$.25 == $2.50 FRN

$.50 == $5.00 FRN

By the way, this is a good indicator of exactly how much value has been removed from the FRN since minting these coins.

[rottweiler]

http://news.goldseek.com/GoldSeek/1192819378.php

[ThomPaine]

doing some research on this not too long ago and never got back to it. So if I wanted to pay you for 1/2 hr of your service and you said give me $20 FRNs or 15 'dollars' worth of silver, what would I give you, maybe 3 of the 50 cent pieces mentioned above which would cost me around $15 FRNs?

It seems weight is more important than face value, so a silver dollar weighs xyz grams or ounces and 90% of that amount is pure silver, then it should be easy to calculate how much that coin is worth.

I understand spot prices, bid and ask, etc., so maybe from a coin dealer I could also purchase a coin that is worth $15-$20 FRNs, give that coin to you and you can either keep it based on the silver content or you can sell it for whatever you can get in FRNs.

Are you willing to give a discount for someone willing you pay you in silver bc its real money and not currency or is there another reason?

Just trying to get all this through my head since I have never dealt with coins or metal before.

Thanks

Thom

[weishaupt1776]

Originally Posted by ThomPaine

Are you willing to give a discount for someone willing you pay you in silver bc its real money and not currency or is there another reason?

That is the reason. Also to raise awareness

[Ownmaster]

Originally Posted by weishaupt1776

That is the reason. Also to raise awareness

What about integrity... still a good reason.

Or you can not deal in debt on your end and sell things only as pre-PAID!