A Cyprus 3 Piastres (Silver) contains 0.0561 troy oz of pure silver, worth $3.03 at today's spot price.
Cyprus struck the 3 Piastres silver coin from 1901 to 1940 in 92.5% silver. Each coin weighs 1.885 g and holds 0.0561 troy oz (1.744 g) of pure silver. The piastre was also used in Cambodia, Egypt, French Cochin China, French Indo-China, Lebanon, Libya and other countries.
Melt values use these spot prices (US dollars):
- Silver $54.05 per troy oz Current quote · Quote time Oct 23, 7:10 PM EDT
Some prices could not be refreshed recently and may be out of date.
Melt value is the metal content at spot price, not a buy or sell price. Collectible coins can be worth much more. For reference only.
Specifications
| Years | 1901–1940 |
|---|---|
| Face value | 3 Piastres |
| Composition | 92.5% silver |
| Gross weight | 1.885 g |
| Fineness | .925 (92.5%) |
| Pure metal | 0.0561 troy oz (1.744 g) |
How the melt value is worked out
Melt value is the pure silver in the coin multiplied by the spot price. We use the coin's standard minted weight; worn coins weigh slightly less.
-
1.885 g × .925 fine ÷ 31.1035 g per troy oz = 0.0561 troy oz
0.0561 troy oz × $54.05 spot = $3.03
Melt value vs. collector value
Melt value is a floor, not a price. Better dates, coins with mint luster and graded coins often sell well above melt; key dates and rare varieties can be worth many times more. Check the date and mint mark before selling a coin for its metal.