A Spain 2 Escudos (Silver) contains 0.7512 troy oz of pure silver, worth $40.60 at today's spot price.
Spain struck the 2 Escudos silver coin from 1864 to 1868 in 90% silver. Each coin weighs 25.96 g and holds 0.7512 troy oz (23.364 g) of pure silver. The escudo was also used in Angola, Cape Verde, Chile, Costa Rica, Ecuador, Mexico and other countries.
Melt values use these spot prices (US dollars):
- Silver $54.05 per troy oz Current quote · Quote time Oct 23, 7:10 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Some prices could not be refreshed recently and may be out of date.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 | 1864–1868 |
|---|---|
| Face value | 2 Escudos |
| Composition | 90% silver |
| Gross weight | 25.96 g |
| Fineness | .900 (90%) |
| Pure metal | 0.7512 troy oz (23.364 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.
-
25.96 g × .900 fine ÷ 31.1035 g per troy oz = 0.7512 troy oz
0.7512 troy oz × $54.05 spot = $40.60
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.