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Silver hangs on while gold sinks

Silver was noticeably more resilient Sept. 7 when gold was hammered for a $55.70 daily loss in New York Mercantile Exchange trading.

After testing highs over $1,900, just over 24 hours earlier, gold closed Sept. 7 at $1,814.20 a troy ounce.

Silver, on the other hand, which saw its record highs near $50 in April, fell just 24.2 cents to $41.57 a troy ounce.

At current silver prices, the value of the precious metal in a standard silver dollar is $32.15.

Investing in Silver Online Seminar Recording

This fact-filled and entertaining online seminar presentation is sure to help you make sense of the silver market!

Each of the old dollar coins struck 1935 and earlier contains 0.7734 ounces of silver.

For $1 face amount of pre-1965 dimes, quarters, or halves, the value is $29.72, or 29.72 times face value.

The lower denominations are slightly lighter than the silver dollar, at 0.723 ounces per dollar. Dealers calculate a wear factor and use 0.715 as the average silver weight per dollar of face value for the dimes, quarters and half dollars.

More Coin Collecting Resources:

State Quarters Deluxe Folder By Warmans

• Subscribe to our Coin Price Guide, buy Coin Books Coin Folders and join the NumisMaster VIP Program

Strike It Rich with Pocket Change, 2nd Edition

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