A Scandinavian Monetary Union 50 Ore (Silver) contains 0.0965 troy oz of pure silver, worth $5.21 at today's spot price.
Members of the Scandinavian Monetary Union struck the 50 Ore silver coin from 1874 to 1958 in 60% silver. Each coin weighs 5 g and holds 0.0965 troy oz (3.000 g) of pure silver. The ore was also used in Denmark, Faeroe Islands, Greenland, Norway and Sweden.
Melt values use these spot prices (US dollars):
- Silver $54.05 per troy oz Current quote · Quote time Oct 24, 12:19 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Some prices could not be refreshed recently and may be out of date.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 | 1874–1958 |
|---|---|
| Face value | 50 Ore |
| Composition | 60% silver |
| Gross weight | 5 g |
| Fineness | .600 (60%) |
| Pure metal | 0.0965 troy oz (3 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 g × .600 fine ÷ 31.1035 g per troy oz = 0.0965 troy oz
0.0965 troy oz × $54.05 spot = $5.21
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.