eyeball find

[Bigcypresshunter]

Found silver .925 wrist bracelet in parking lot, weighs 21 grams. Anybody know what the value is? Just curious.

 

[CRUSADER]

£1 to me including postage

 

[creeper71]

first your going to have to convert the weight from ounces to troy ounces yes it makes a difference..so 2.1 ounces=1.91406 ozt then you check spot price right now til Monday morning the spot is 12.75 a troy ounces this is for fine silver not sterling most place will only give you up to 75% spot price so you times 12.75x.75 to see what your actual price per troy ounce is which is 9.562 then you times 9.562x1.914 = $18.30 this is melt value..you should hold on to this cause silver will go up in value over time...just right now it is down due to the reccesion...

 

[allen]

cute little bracelet...

 

[Bigcypresshunter]

I almost threw it back down thinking it was junk. It has a tiny .925 on the clasp. You would be surprised what you can find in parking lots.

 

[Bigcypresshunter]

first your going to have to convert the weight from ounces to troy ounces yes it makes a difference..so 2.1 ounces=1.91406 ozt then you check spot price right now til Monday morning the spot is 12.75 a troy ounces this is for fine silver not sterling most place will only give you up to 75% spot price so you times 12.75x.75 to see what your actual price per troy ounce is which is 9.562 then you times 9.562x1.914 = $18.30 this is melt value..you should hold on to this cause silver will go up in value over time...just right now it is down due to the reccesion...

Its 21 grams. Using this conversion link http://www.metric-conversions.org/weight/gram-conversion.htm it comes to .675 troy ounce.

 

[ivan salis]

sigh---heres how to convert sterling to scrap silver ----- 21 grams ( actual weight) x .925 (purity %) = actual pure weight in grams . = 19.425 grams of "pure silver" -- 1 gram = .03215 0f a troy oz. --so 19.425 grams x .03215 = troy weight of --.62455137 of an troy oz x current spot price --($12.75) = $7.9625496 --- ($7.97 worth of silver "rounded up"-- 7.96 "rounded down")

 

[Bigcypresshunter]

thanks

 

[ivan salis]

no sweat --most folks scales weigh in grams * so it nice to know how to convert the gross weight of found items made of sterling .925 silver (which means 92. 5 % pure silver)in grams to pure sillver troy oz --- so you can know its current street worth at melt value -- once the wieghing part is is done tag the item with "true wieght at pure" -- then you only have to know the current spot price --to find at what its melt worth is at any time. ---Ivan

the formula is this ---actual weight in grams ---x times --- purity % -- which will equal actual = "pure weight" of the item in grams --once "pure weight" is gotten take "pure grams" x (times) .03215 (since 1 gram equals (.03215) of a troy oz )--which will yeild "true pure weight" in troy oz . --- this times (the "spot" price ) will yeild true worth (melt value of the metal in the item)-- ps works for both silver or gold . note *** most metal dealers may not give full value many shave a bit off the top to play it safe in case the market dips a bit before they move the scrap . (and make extra profiet if it stays the same or goes up in value )

 

[FunWithTreasure]

ANytime you need to know a price of something thats precious metal go here. Fill in the details leave the price blank and it will auto fill it in with the current price and it will give you the melt value..

http://www.dendritics.com/scales/metal-calc.asp

 

[treasurefiend]

Yep use this:

http://www.dendritics.com/scales/metal-calc.asp

 

[ivan salis]

my method is for times when you need to old school figger -- if computer is availble by all means use it. note $7.96 --is right on the money