If i buy something from a store with a solid .999 silver dollar would they consider it at face value or by silver content? can you even buy?
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i'm told to invest in silver but im confused with silver coins because when the fit hits the shan and the dollar doesn't mean anything and we bargain and trade with gold and silver, i just dont get why someone would want to accept money if it says for instance one dollar but the metal content is worth more, then why is it only face valued at one dollar.whats the point of the coins? why not just get bars? because i think if you went to a store and tried to buy thirty dollars worth of stuff according to spot price with a one dollar solid .999 one troy ounce silver dollar that they still would not sell it to you because its only worth $1 right?
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Answer:
Bars would have to be assayed for silver content. Coin silver is 92.5% silver. Coin weight and silver content is known and a trade would be easier.
missphae32790 at Ask.com old Visit the source
Other answers
I would not try to buy any with it cause u will only get face value when if u take it to a dealer or pawn shop u could get 25$ AND up for silver $ AND it's worth a lot more if u HAVE the right one
stormakb
they would use just face value if at all. they aren't going to spend their time reading and weighing silver in a normal everyday store.
GSXR916
It would be face value, but silver value is a bit past $27.00
Coyote_Hunter
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