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In 1792, the gold/silver price ratio was fixed by law in the United States at 15:1, [11] which meant that one troy ounce of gold was worth 15 troy ounces of silver; a ratio of 15.5:1 was enacted in France in 1803. [12] The average gold/silver price ratio during the 20th century, however, was 47:1. [13]
As of May 24, the spot price of silver is $23.10 per ounce — but don’t expect to pay that amount for a one-ounce coin. The spot price represents the physical metal’s current melt value.
Sales of the silver Philharmonic have been brisk with over five million coins sold, equal to 1,800 tons of silver in the 5-year period of 2008 through 2012. The mint introduced a one-ounce platinum coin with the same design as the gold and silver in 2016. Like the gold coin, it has a face value of 100 euros.
According to the U.S. Geological Survey, 1.74 million metric tons of silver have been mined to date, compared to just 244,000 metric tons of gold. Because of that gaping disparity in supply, along...
Tick Value E-Mini S&P 500 : $50 x index: ... Silver (CBOT) 5,000 oz: $0.005/oz: $25.00 [4] Silver (COMEX miNY) 1000 oz: $0.0125/oz: $12.50 [5] E-mini Crude Oil: 500 ...
The value of silver dollars can vary greatly, whether it’s the 1964 Kennedy half dollar or the 1922 silver dollar coin. And some rare specimens fetch astounding amounts at auctions.
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