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The American Silver Eagle is struck only in the one-troy ounce, which has a nominal face value of one dollar and is guaranteed to contain one troy ounce of 99.9% pure silver. It is authorized by Title II of Public Law 99-61 (Liberty Coin Act, approved July 9, 1985) and codified as 31 U.S.C. § 5112(e)-(h). Its content, weight, and purity are ...
As of May 24, the spot price of silver is $23.10 per ounce — but don’t expect to pay that amount for a one-ounce coin. The spot price represents the physical metal’s current melt value.
Country Name of bullion coin Fineness weights options in troy ounces (ozt) Years Minted Australia: Emu.9995: 1 ozt: 1995–1998 Canada: Palladium Maple Leaf.9995: 1 ozt: 2005–2010
The weight is currently listed as: "31.101 g (1.00 troy oz)" But there are 31.1035 grams in a troy ounce. A few other articles have this same problem. Also, it isn't stated if this is gross weight or silver weight (since the coin is .03% copper). —Preceding unsigned comment added by 173.213.166.71 09:23, 24 July 2010 (UTC)
In Roman times, the price ratio was set at 12 (or 12.5) to 1. [10] In 1792, the gold/silver price ratio was fixed by law in the United States at 15:1, [11] which meant that one troy ounce of gold was worth 15 troy ounces of silver; a ratio of 15.5:1 was enacted in France in 1803. [12]
From 1982 through 1995, the one, 1 ⁄ 2 and 1 ⁄ 4 ounce silver coins had slightly smaller diameters and greater thicknesses than current minted coins. From 1981 through 1990, the gold coins contained 90% gold (.90 fineness ).