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?
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?
Metals use Troy ounces. The troy ounce is the equivalent of 31.1034768 grams, whereas the ounce is the equivalent of 28.349 grams.
AHA! I could NOT come up with the word "Troy" ounce. So then I'd have to calculate based on that... mmm, ok, thanks.