Quote Originally Posted by goldminer View Post
Joke today but a word to the wise: tomorrow the weight difference between uncirculated and circulated coins may not be a joking matter.

The proverbial "average" circulated coin is hypothetical: it will never be seen because it's precise weight will never be known.

When struck, $1000.00 face value 90% silver dimes, quarters, and halves, contained 723.4 ounces of .999+ (.999 purity was the minimum acceptable fineness) fine silver.

Because it is not feasible to weigh every circulated 90% coin, a number of randomly selected bags of $1000.00 face circulated coins were weighed and it was determined that on average, those bages contained 715 oz. of pure silver = a difference of 8.4 oz. per $1k face. The 715 oz. of pure silver per $1K face value bags has been widely excepted as a market norm used to determine the value of "average" circulated coins.

The (now viewed) small difference in weight between an uncirculated and "average" circulated 90% (say) dime, is inconsequental, given we are talking about a single dime, and the current spot price of silver.

An opposite view will be taken in the future if/when silver reaches the 100-1000-plus dollar spot that many people are projecting...and rather than a single dime, they're talking about the value of silver contained in 10 to 1000 dollar face lots of the coins. To this end the value of 90% coins will be determined (and traded) by weight rather then face-value.

This is why today in some folks opinion, that it is important (1) not to pay too much for significantly worn coins, and (2) only acquire coins that do not show significant wear (i.e. Roosevelt vs. mercury dimes, most recent dated Washington quarters, and Franklin vs. Walking Lib. and '64 Kennedy half-dollars.

Just something somebody might want to think about.
I saw what the guy stated as a roll of "fake" Morgans worn and all and it scared the he1l out of me. He wanted to show evryone for some reason or another.

He himself was a shaky person if you asked me. We were at a gunshow where you quite often see coins on display. I was asking him the difference and he was rambling off a bunch of what I thought was nonsemse. He didn't even have a "real" one to compare them to.

I bought another morgan and took them over to see the difference under his 6 power glass. I could not tell the diff with feel, sound or eye. I don't know if he was trying to scare others not to buy any that came through the door.

I went home and weighed mine. Most peace and morgans were 26.7 to 26.9 grams. My SAE were 31.3 to 31.4. My silver rounds were 31.1 to 31.3. I did find a morgan that weighed 27.2 and sounded just like silver but the color was off..along with the look.

What is the proper weight of these coins and could the SAE vary by dates 2-3 grams out of the wrappers? I did find the ones from littleton has diff wrapper weights by 2 grams. Thanks.