An Eritrea 1 Tallero (Silver) contains 0.7535 troy oz of pure silver, worth $40.72 at today's spot price.
Eritrea struck the 1 Tallero silver coin in 1918 in 83.5% silver. Each coin weighs 28.067 g and holds 0.7535 troy oz (23.436 g) of pure silver.
Melt values use these spot prices (US dollars):
- Silver $54.05 per troy oz Current quote · Quote time Oct 24, 5:19 AM 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Some prices could not be refreshed recently and may be out of date.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 | 1918 |
|---|---|
| Face value | 1 Tallero |
| Composition | 83.5% silver |
| Gross weight | 28.067 g |
| Fineness | .835 (83.5%) |
| Pure metal | 0.7535 troy oz (23.436 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.
-
28.067 g × .835 fine ÷ 31.1035 g per troy oz = 0.7535 troy oz
0.7535 troy oz × $54.05 spot = $40.72
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.