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What is the value of the first Franklin mint Christmas ingot of 1970?
Wiki User
∙ 11y ago
At the close of the market on Friday 11/28/08, New York silver in .999 fine was selling for $10.36/oz. Sterling contains 92.5% pure silver, and the current value of a 1000 grain bar is thus ~$19.30.
Franklin Mint shows the current value of a 1976 bar at $30.00. The bars were quite common in the 70's, but the number minted was reduced in the 80's and 90's, making those issues more valuable.
Wiki User
∙ 15y ago
Wiki User
∙ 11y ago1000 grains = 1000/480 = 2.08333 troy ounces of metal
Of those 2.083333 troy ounces of metal, 92.5% is silver = 1.9271 ounces of silver.
With silver at $34.50, this means there is $66.48 worth of silver in the ingot.
This would be a current retail price for the bar, there is really no premium in these bars. A dealer may pay $60 or less for the bar.
Wiki User
∙ 11y agowhich 1997 Christmas ingot do you mean ? they made them in 2 types.... 500 & 1000 grains of sterling silver.
my guess would be around $50 & $100, respectively.
Wiki User
∙ 12y agoAbout $60.00, 1000 grains = a little more than 2 ounces of silver, take it to a jewler most buy gold & silver.
Wiki User
∙ 11y agoOnly value is the silver. No collector value on Franklin Mint items.
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