Actual silver weight, usually abbreviated ASW, refers to the weight of pure silver contained in a coin, measured in troy ounces.
Coin collectors, individuals who invest in bullion coins, and others often refer to books or online reference websites to determine the intrinsic value of a silver coin. Such resources list various coins with their associated ASW. When one knows the actual silver weight of a coin, one can then multiply that number by the spot price of silver to determine the melt value of a silver coin.
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How to calculate a coin's actual silver weight (ASW)
- Determine the coin's weight in grams by consulting a coin collecting book or online guide or by weighing the coin yourself with a precision scale, i.e., a scale made to weigh coins or jewelry.
- Determine the coin's fineness, which is given as a percentage of silver in the coin, by consulting a coin collecting book or Internet guide.
- Multiply the coin's total weight times the fineness (expressed as a decimal). This product is the amount of pure silver in the coin expressed in metric units (grams).
- Multiply that number times 0.0321507 oz t (3.21 one-hundredths of a troy ounce), which is the weight of one gram expressed in troy ounces, i.e., 1.00 g = 0.0321507 oz t. This product is the amount of pure silver in the coin expressed in troy units.
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How to calculate the current intrinsic value of a silver coin
The intrinsic value (also known as melt value) of a silver coin can be determined by multiplying the ASW (actual silver weight) for the coin times the current spot price of silver. Note that silver prices vary daily, therefore one must consult a bank or an online source for the current spot price.
Example
The composition of Roosevelt dimes from 1946-1964 was 90% silver and 10% copper, and the coin weighs 2.50 grams. Following the steps listed above, the ASW calculation proceeds as follows:
- Determine the coin's weight in grams: 2.50 g
- Determine the fineness: 0.900
- Multiply the coin's total weight times the fineness: 2.5 g × 0.900 = 2.25 g
- Multiply that number times 0.0321507, which is the troy ounce equivalent for one gram: 0.0321507 × 2.25 = 0.072339075 oz t
Thus, a general circulation Roosevelt dime minted before 1965 has an actual silver weight (ASW) of 0.072339075 troy ounce. If the spot price of silver was $15.00 per troy ounce, the intrinsic value of a pre-1965 Roosevelt dime would be: 0.072339075 × 15.00 = $1.085086125 ? $1.09. (Note that coin stores, pawn shops, and bullion retailers will not necessarily purchase coins from consumers at the intrinsic value because of the costs involved with selling such coins to companies that melt the coins, separate the constituent metals, and prepare the silver for resale.)
Source of the article : Wikipedia
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