A Vatican City 500 Lire contains 0.2953 troy oz of pure silver, worth $15.96 at today's spot price.
Vatican City struck the 500 Lire silver coin from 1958 to 1965 in 83.5% silver. Each coin weighs 11 g and holds 0.2953 troy oz (9.185 g) of pure silver. The lira was also used in Eritrea, Italian Somaliland, Italy, San Marino, Syria and Turkey.
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Some prices could not be refreshed recently and may be out of date.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 | 1958–1965 |
|---|---|
| Face value | 500 Lire |
| Composition | 83.5% silver |
| Gross weight | 11 g |
| Fineness | .835 (83.5%) |
| Pure metal | 0.2953 troy oz (9.185 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.
-
11 g × .835 fine ÷ 31.1035 g per troy oz = 0.2953 troy oz
0.2953 troy oz × $54.05 spot = $15.96
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.