An Iraq 50 Fils (50% Silver, 1931–1953) contains 0.1447 troy oz of pure silver, worth $7.82 at today's spot price.
Iraq struck the 50 Fils silver coin from 1931 to 1953 in 50% silver. Each coin weighs 9 g and holds 0.1447 troy oz (4.500 g) of pure silver. The fils was also used in Jordan, Kuwait and Saudi Arabia.
Melt values use these spot prices (US dollars):
- Silver $54.05 per troy oz Current quote · Quote time Oct 23, 7:19 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Some prices could not be refreshed recently and may be out of date.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 | 1931–1953 |
|---|---|
| Face value | 50 Fils |
| Composition | 50% silver |
| Gross weight | 9 g |
| Fineness | .500 (50%) |
| Pure metal | 0.1447 troy oz (4.5 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.
-
9 g × .500 fine ÷ 31.1035 g per troy oz = 0.1447 troy oz
0.1447 troy oz × $54.05 spot = $7.82
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.