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Reverse Silver Calculator ?

PostPosted: Mon Jan 14, 2013 11:31 am
by DuckTales253
Does anyone know of a web site that has a reverse silver calculator? Say you would like to know how high the price of silver would need to go for your 90% half dollar to be worth $15.00. You could enter the denomination, type in $15.00, and it would produce the answer: $41.50 an ounce.

If not, maybe I'll put my programming skills to work on creating one!

Re: Reverse Silver Calculator ?

PostPosted: Mon Jan 14, 2013 11:42 am
by misteroman
Its in the back of all redbooks

Re: Reverse Silver Calculator ?

PostPosted: Mon Jan 14, 2013 12:19 pm
by 93_Confirmed
Spot x .715 gives the current spot price for 1.00 face value of 90% so you can divide that by 2 to get what it is for half dollars. Just change the spot price until you reach the desired result.

$42 spot would get you to $15 per half dollar.

Re: Reverse Silver Calculator ?

PostPosted: Mon Jan 14, 2013 1:01 pm
by Numis Pam
Not exactly what you are talking about, but on Coinflation.com you can change the numbers in the silver calculator to do simular.... :angel: I do it alot at times...

Re: Reverse Silver Calculator ?

PostPosted: Mon Jan 14, 2013 1:01 pm
by DuckTales253
Thank you. I remember seeing that section in the back of a Redbook, but as I recall it was not overly precise. I understand how to calculate, was just looking for an easier way to do it. I think we can all agree that if silver goes above $40 an ounce we'll be in good shape! :thumbup:

Re: Reverse Silver Calculator ?

PostPosted: Mon Jan 14, 2013 1:57 pm
by Doctor Steuss
It's been over a decade since I took any type of math class, but this should hopefully work (assuming the number 93_Confirmed gave is correct):

($M x 2)/.715 = Y

$M = Is the desired value of the half dollar.
Y = What the spot price would need to be.

If you wanted the value for a quarter, you'd multiply $M by 4 instead of 2. If you wanted the value for a dime, you'd multiply by 10.

For an example (using a half dollar worth $15):

(15 x 2)/.715 = 41.9580419...

So, the spot price would need to be about $41.96 for a half dollar to be worth $15.