An Ethiopia 50 Santeem (70% Silver, 1947) contains 0.1575 troy oz of pure silver, worth $8.51 at today's spot price.
Ethiopia struck the 50 Santeem silver coin in 1947 in 70% silver. Each coin weighs 7 g and holds 0.1575 troy oz (4.900 g) of pure silver.
Melt values use these spot prices (US dollars):
- Silver $54.05 per troy oz Current quote · Quote time Oct 24, 2:49 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Some prices could not be refreshed recently and may be out of date.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 | 1947 |
|---|---|
| Face value | 50 Santeem |
| Composition | 70% silver |
| Gross weight | 7 g |
| Fineness | .700 (70%) |
| Pure metal | 0.1575 troy oz (4.9 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.
-
7 g × .700 fine ÷ 31.1035 g per troy oz = 0.1575 troy oz
0.1575 troy oz × $54.05 spot = $8.51
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.