A German New Guinea 1 Mark (Silver) contains 0.1608 troy oz of pure silver, worth $8.69 at today's spot price.
German New Guinea struck the 1 Mark silver coin in 1894 in 90% silver. Each coin weighs 5.556 g and holds 0.1608 troy oz (5.000 g) of pure silver. The mark was also used in Estonia, German States and Germany.
Melt values use these spot prices (US dollars):
- Silver $54.05 per troy oz Current quote · Quote time Oct 24, 2:40 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Some prices could not be refreshed recently and may be out of date.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 | 1894 |
|---|---|
| Face value | 1 Mark |
| Composition | 90% silver |
| Gross weight | 5.556 g |
| Fineness | .900 (90%) |
| Pure metal | 0.1608 troy oz (5 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.
-
5.556 g × .900 fine ÷ 31.1035 g per troy oz = 0.1608 troy oz
0.1608 troy oz × $54.05 spot = $8.69
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.