What is the value of the first Franklin mint Christmas ingot of 1970?

Answer 1

At the close of the market on Friday 11/28/08, New York silver in .999 fine was selling for $10.36/oz. Sterling contains 92.5% pure silver, and the current value of a 1000 grain bar is thus ~$19.30.

Franklin Mint shows the current value of a 1976 bar at $30.00. The bars were quite common in the 70's, but the number minted was reduced in the 80's and 90's, making those issues more valuable.

Answer 2

1000 grains = 1000/480 = 2.08333 troy ounces of metal

Of those 2.083333 troy ounces of metal, 92.5% is silver = 1.9271 ounces of silver.

With silver at $34.50, this means there is $66.48 worth of silver in the ingot.

This would be a current retail price for the bar, there is really no premium in these bars. A dealer may pay $60 or less for the bar.

Answer 3

which 1997 Christmas ingot do you mean ? they made them in 2 types.... 500 & 1000 grains of sterling silver.

my guess would be around $50 & $100, respectively.

Answer 4

About $60.00, 1000 grains = a little more than 2 ounces of silver, take it to a jewler most buy gold & silver.

Answer 5

Only value is the silver. No collector value on Franklin Mint items.