How do silver coins melt calculators work
Basically, a silver coin calculator takes the amount of silver expected to be in each strike and multiplies it by the current spot price of silver. Thus, if you have one American Silver Eagle (containing one ounce of .999 fine silver) and silver is currently trading at $25 an ounce, the calculator would give you a value of $25. Four of the eagles at the same silver market value would give you a total of $100.