“Most of our so-called reasoning consists in finding arguments for going on believing as we already do.”
- James Harvey Robinson
"The more we convince others, the more we convince ourselves."
- The Tongue and Quill
"...Sterling is what, 92%? What's wrong with that in a faltering economy? Silver is silver..."
What's wrong with it is that 99.99999999999999999999999999999999999% of sterling is not marked by weight. This means that folks can't know what a piece is worth without weighing it, must have it assayed to know if it's really "sterling" (92.5% silver), and then find a buyer who will certainly discount the purchase price because of the element of risk and the need to expend time and energy getting it assayed and sold &/or refined which is an additional expenditure of time and money.
Sterling is fine if you can get it cheap, but then IMO needs to as quickly as possible, to be converted to credible items of bullion that are marked with purity and weight...or 90% silver U.S. coins if living in the U.S. &/or 80% silver coins if living in Canada.
"Joke today but a word to the wise: tomorrow the weight difference between uncirculated and circulated coins may not be a joking matter."
That's why I tend to cherrypick my junk silver from my dealer when he's in a good enough mood to let me.
It's definitely a fast way of getting a ruff estimation for your coins, or ones your looking to purchase, I use it all the time, its a great site.
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How would uncirculated silver eagles calculate?
Actual weight vs. struck weight may be important to those who plan to trade it in large amounts to those who deal it. And then there are those who have junk silver for 'barter money' should the dollar ever collapse or in the event we're forced to use an implanted chip to buy the groceries. Whatever the circumstance, the barter value will be determined on the street and I'm sure the amount of wear of the coin will not matter to those receiving it. If you want it for that reason then you should buy 90% coins at the best value and appearence or wear wouldn't matter.