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Chase has been buying and selling gold, silver and platinum since 2009, when he opened a local gold shop. He fell in love with buying gold and silver bullion after learning how the world monetary system works and has been an avid believer and preacher of hard assets ever since.
He has worked in various levels and sectors within the precious metals industry and has consulted thousands of precious metals investors on the best way to buy and sell bullion at all levels.
While silver is susceptible to oxidation, it is not the same type of oxidation that other metals experience when they “rust”. When other metals like iron suffer from rust, they are permanently damaged. Often times in silver oxidation, most, if not all of the oxidation is able to be polished or cleaned using a variety of methods.
Tarnishing, also called toning, is an effect on the outermost layer of a metal that causes the metal to become discolored. Like iron rusts when exposed to oxygen, silver can tarnish when exposed to the air due to a reaction between silver and hydrogen sulfide in the air. Also, touching silver products with your hands may cause tarnishing over time due to the oils from your skin.
All half dollars issued in 1964 and years prior had 11.4 grams or almost 2/5th an ounce of silver in each.
To calculate how much a silver half dollar melt value is, use the following equation and data inputs...
Do you have an old coin or piece of jewelry that you want to test at home? Check our list of 13 ways to test if gold is real.
The base prices of all gold products are determined by the gold spot price. The gold spot price is a live price, meaning the price for gold is constantly changing (unless the market is closed of course). Since January 2018, the price for gold has not gone below $1,250 per ounce. In late 2019 to early 2020, the gold price has risen to levels as high as $1,650 per ounce.
