A Portugal 500 Reis (Silver) contains 0.3685 troy oz of pure silver, worth $19.92 at today's spot price.
Portugal struck the 500 Reis silver coin from 1854 to 1910 in 91.7% silver. Each coin weighs 12.5 g and holds 0.3685 troy oz (11.463 g) of pure silver. The reis was also used in Azores, Brazil and Portuguese India.
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Some prices could not be refreshed recently and may be out of date.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 | 1854–1910 |
|---|---|
| Face value | 500 Reis |
| Composition | 91.7% silver |
| Gross weight | 12.5 g |
| Fineness | .917 (91.7%) |
| Pure metal | 0.3685 troy oz (11.462 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.
-
12.5 g × .917 fine ÷ 31.1035 g per troy oz = 0.3685 troy oz
0.3685 troy oz × $54.05 spot = $19.92
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.