Dumb question - the math on 90% bags

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#1 Tue, May 1, 2012 - 7:07pm
madcow
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Dumb question - the math on 90% bags

So here is my dumb question of the week:

How does one do cost averaging with there silver when it also includes 90% coins?

Lets say for example one were to have the following:

1 bag of 90% 10$ value purchased for say 200$

5 generic rounds purchased for total of 200$

What would be the equation to figure out how much your "cost" is per ounce with a bag of 10$ 90% added in?

anyone? anyone? bueller?

Edited by: madcow on Nov 8, 2014 - 5:08am
Wed, May 2, 2012 - 7:08am
Eric Original
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90%

The industry standard for typically worn 90% coins is that they should melt down to .715 troy ounces per dollar face value.

Sounds to me like you've got $10 face times .715 equals 7.15 ounces for $200, and another 5 ounces for $200. For a total of 12.15 ounces for $400. 400 divided by 12.15 equals average cost of $32.92 per ounce.

This isn't a metals blog anymore. It's a right wing circle jerk, masquerading as a metals blog.
Wed, May 2, 2012 - 4:52pm
madcow
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Awesome! Thanks eric-o! Right

Awesome! Thanks eric-o!

Right or wrong, that definitely helped me figure some things out a bit better and created a better outcome yes so i'll take it! hahah

randomness