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Current Price Of Silver Per Gram

One troy ounce of silver is 31.10348 grams. So the approximate price of silver per gram can be calculated as follows.

(price of silver per gram) = (price of silver per troy ounce) / 31.10348

Eg: If silver is $20 USD per ounce

(price of silver per gram) = $20 USD / 31.10348

(price of silver per gram) = $0.643 USD

Use the chart on the top right to perform the calculation yourself.

Silver Coins for Collectors

Silver is available for purchase either in the form of bars, rounds, coins and so on and you can buy it in different weights too.  You can buy the 1 oz bars, or the 100 oz ones or even the 1 kg bars.  Alternatively, you can even buy silver coins in bags.  Before investing in any silver you have to ascertain the current price of silver per gram.  This is a volatile market and the prices keep fluctuating.  Hence, knowing the spot prices is very important.  One may even have to pay premiums on the various types of silver, depending upon the purity.

Buying Silver coins

The American Eagle silver coin is produced by the US Mint and launched in 1986 and is one of the most popular coins collected in the US.  This is meant more for collectors rather than investors.  Each of these coins carries a certificate of authenticity.  This is available in one ounce size and one can buy them either directly from the US mint or from dealers.  The coins must be sealed in their original plastic. They are of .999 fine silver and have a face value of one dollar.  Looking at the current price of silver per gram, it is really worthwhile to add this to your collection.

Evaluate your coins

If you are a regular buyer of silver coins, then you must have an appraisal done for your coin collection, for the sake of insurance purposes.  Any loss due to theft or fire can leave you bereft both financially as well as mentally.  By knowing the current price of silver per gram, you can get a proper evaluation done for your collection from time to time. For this you would have to take your coins to a professional dealer and get a proper appraisal done.  Some amount has to be paid for this service.  It is better to get a statement describing each coin and also get a full value in terms of the current price of silver per gram, on that date.

Alternatively, you could search for the coins online and see what price the other dealers are selling these at, in order to get a rough estimate.  However, dealers in the silver market add their own mark up which would be a little above the current price of silver price per gram.

Quality of silver coins

The quality and condition of the coins are very important when assessing its value based on the current price of silver per gram.  There is a specific grading system for silver coins and these can be accessed on the net.  When you buy coins, see that you buy it sets or proof coins as they are more valuable than single coins.

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Current Price Of Silver Per Gram

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