The right of the people to keep and bear arms shall not be infringed; a well armed and well regulated militia being the best security of a free country; but no person religiously scrupulous of bearing arms shall be compelled to render military service in person.
James Madison
1. Calculate 88.5% copper value :
(4.3764 × .00220462262 × 8.1 × .885) = $0.0691631
2. Calculate 6% zinc value :
(1.0905 × .00220462262 × 8.1 × .06) = $0.0011682
3. Calculate 3.5% manganese value :
(3350.00 × (1.0 × 10-6) × 8.1 × .035) = $0.000949
4. Calculate 2% nickel value :
(11.8084 × .00220462262 × 8.1 × .02) = $0.0042171
5. Add the four together :
$0.0691631 + $0.0042171 + $0.000949 + $0.0042171 = $0.0754974
$0.0754974 is the melt value for the 2007-2011 Presidential golden dollar on January 19, 2011.
Any questions?
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| Pictured on $1 coin worth 7 cents. Thanks Fed! |
1. Calculate 88.5% copper value :
(4.3764 × .00220462262 × 8.1 × .885) = $0.0691631
2. Calculate 6% zinc value :
(1.0905 × .00220462262 × 8.1 × .06) = $0.0011682
3. Calculate 3.5% manganese value :
(3350.00 × (1.0 × 10-6) × 8.1 × .035) = $0.000949
4. Calculate 2% nickel value :
(11.8084 × .00220462262 × 8.1 × .02) = $0.0042171
5. Add the four together :
$0.0691631 + $0.0042171 + $0.000949 + $0.0042171 = $0.0754974
$0.0754974 is the melt value for the 2007-2011 Presidential golden dollar on January 19, 2011.
Any questions?
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