neilgin1 wrote:...the coin has .15 tOz of silver, so just say its a 'fifth of an ounce''
68Camaro wrote:neilgin1 wrote:...the coin has .15 tOz of silver, so just say its a 'fifth of an ounce''
Hmmm Neil - last I recall, .15 wasn't a fifth...
68Camaro wrote:neilgin1 wrote:...the coin has .15 tOz of silver, so just say its a 'fifth of an ounce''
Hmmm Neil - last I recall, .15 wasn't a fifth...
knibloe wrote:Correct me if I am wrong. The post was about 1964 Kennedy Halves which weigh .36 ASW minus wear. I figure 3 of these make an oz.
Also don't the 40% kennedies have .18 ASW minus wear? I generally say 6-7 of these make an ounce
68Camaro wrote:My 2 cents...
I think basically, eventually, there would just be recognized prices for 90% face. ASW content probably wouldn't get discussed so much, though there would be increased awareness of it, people would be aware that they would be getting shorted to receive slicks, and the smarter merchants would be selling by weight of 90% (effectively ASW, but people would be dealing in 90%).
40% would technically require 2.25x the price but would probably be slightly discounted (perhaps 2.5x, something to make the math easier), so a 40% half would be considered equivalent to 2 90% dimes.
Foreign coin would be handled on a case-by-case basis by ASW, unless enough of something (pesos, Cdn) came out of the woodwork to become commonly traded.
Bullion silver, in my mind, would generally remain uncirculated - would be used for large trades, stored value - and would not get handled day to day.
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