This short video may help you with what is happening with precious metals.
NOTE❗️ Part two follows - don’t end video.
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So at last count, I had about 22 pounds of silver coins (pre-1964) in a safe place. Also have some old sterling silver sets I've picked up at flea markets and yard sales over the years. So I'm not sure how an ounce of silver compares to an ounce of anything else like you'd buy at the grocery store, like say goat cheese. I think there is some special units of measure that metal traders use, but I'm not familiar with it. So 22+ pounds of silver would equate to what in dollars at this time? Spot silver price is $25.58 / oz., but is that the same ounce as we use in daily measures? Anybody know?
Silver coins are 90% silver so you need to multiply your total spot price by .9 to get actual price.
OK, thanks....also just found out that metals are traded in "troy" ounces, which is a little more than a standard ounce that we are familiar with.