As with virtually all of these privately minted silver art bars, ingots, and rounds, there is basically no secondary resale market for them, other than for the silver they contain.
So calculate the total Troy ounces they contain (rermember that Sterling is only 92.5% pure silver), and multiply that by the current spot price of silver, and you will have a close estimate of their current value.
See the related links of a link to Kitco, where you can monitor current silver spot prices.
An ingot of silver typically refers to a bar or block of silver, and the weight can vary. However, one troy ounce is equivalent to approximately 31.1 grams. Therefore, if you have a silver ingot weighing one ounce, it will be one ounce of silver; if the ingot weighs more or less, you would need to calculate the number of ingots based on their specific weights.
The value of a silver 1000 grain ingot depends on the current market price of silver, which fluctuates daily. As of October 2023, silver prices are typically quoted per ounce, with 1 ounce equaling 480 grains. Therefore, to determine the worth of a 1000 grain ingot, you would convert grains to ounces and multiply by the current silver price per ounce. As an example, if silver is priced at $25 per ounce, a 1000 grain ingot would be worth approximately $52.08.
The price of a silver ingot varies based on the current market price of silver, which fluctuates daily due to supply and demand dynamics. As of October 2023, silver prices have been around $20 to $25 per ounce, so a standard 1-ounce silver ingot would typically cost between that range, plus any premiums charged by dealers. For larger ingots, such as 10-ounce or 1-kilogram bars, the total price will reflect the weight multiplied by the current silver price, plus any additional premiums. Always check current market rates for the most accurate pricing.
The weight of a silver ingot can vary significantly depending on its size and purity. Commonly, silver ingots are produced in weights such as 1 ounce, 10 ounces, 1 kilogram, or even larger sizes like 100 ounces or more. The standard purity for investment-grade silver is 99.9% (or .999 fine silver). Therefore, to determine the weight of a specific ingot, one would need to know its designated size.
A Franklin Mint ingot typically refers to a non-standardized "ounce" weight, which is different from a troy ounce. A troy ounce is a unit of measurement commonly used for precious metals, while an ounce can refer to a different measure depending on the context. When dealing with precious metals, it's important to clarify whether an ingot is measured in troy ounces for accurate valuation.
As bullion, pretty much nothing. But it is probably a commemorative of some sort which may give it some value to someone whose collection consists of things related to the subject it commemorates.
Well, it's exactly what it says it is. One ounce of .999 fine silver. A privately minted bullion ingot. Its value is now, and will forever be, tied to the current price of an ounce of silver. See the related links for the current silver value.
The value of a 2500 proof grain silver ingot depends on the current market price of silver, which fluctuates regularly. As of my last update, silver prices typically range between $20 to $30 per ounce. Since 2500 grains is roughly equivalent to 0.161 ounces, you can calculate its value by multiplying the current silver price by 0.161. For an accurate valuation, check the latest silver prices on a commodities exchange.
Not enough information. Please post a new question with the ingot's weight and percentage of silver. Alternately, get out your calculator: value = (weight in ounces) X (percent of silver) X (current price of pure silver) The percentage may be expressed as a decimal, e.g. .999 or .900. The current price of silver is around $14 per ounce but you can check the business section of most newspapers for a more up to date value.
A 500-grain Franklin Mint Solid Sterling Silver Ingot is equivalent to approximately 1.07 ounces. This conversion is based on the fact that there are 15.432 grains in a gram and 28.3495 grams in an ounce. Therefore, 500 grains translates to about 32.15 grams, which when converted to ounces is roughly 1.07 ounces.
The collection consists of 63 mini ingots, less than an inch long and perhaps a half inch wide, very thin made of .925 sterling silver. Each weighs about a tenth of an ounce. So 6.3 "regular" ounces is close to the total weight of the collection (178grams roughly). With the current price (Dec 2012)of silver around 32-34$ per TROY ounce for .999 pure silver, this collection is worth somewhere around 160-180$ depending on the daily silver fluctuations. The Troy ounce is used for precious metals and is roughly 3 grams more than an ounce, about 31g Troy and 28g Oz.
if i sold silver how much would i get an ounce how much is silver an ounce