I've read somewhere that the 1966 50 cent contains 80% silver. Comparing this to a 1oz silver coin, what would the weight of the silver content of the 1966 50 cent be? Thanks.
The 1966 round 50c is .3416 of an oz 3 rounds are therefore just over an oz of silver. Some dealers buy or sell them by the kilo. There are 75 rounds to the kilo. It's interesting to know that some Dealers are now buying the rounds with a small premium compared to silver bars (even to some other coins and medals, in some cases) the reason being the increasing popularity of the 66 rounds. People now realise that those Aussie Icons were a one off experiment, that they are a reminder that fiat money was once backed by something of value, even as the first decimal currency was introduced into the land... They're also a great looking coin !
BTW this calculator features are really good. You can check and value other offers, enter the current price of PMs and see how you fare in the offers etc etc... and it's really easy to use !
I just read the thread below (started by gp) yesterday... it's long one (4 pages) but it gives you a bit of background on the whole 1966 50c thing if you're motivated to read it. It puts prices in perspective too: http://forums.silverstackers.com/topic-1602-insane-prices-for-1966-50c-coins-page-1.html There are a bunch more threads on the coin but this one is great reading.
DU808 Thank you for the thread. Funny to read this now, I wonder what some of these guys would say to see round 66s selling for well over $14 on Ebay. I have taken a strong stand many times on this Forum, whenever I can, to sing the praise of the 1966 round 50c when they are compared to junk silver. The latest stats would prove the differential shift that now exists between those who still do not value the 'rounds' against those, like myself, who have realised long ago the long term appeal that the 'Little Aussie Blighters' seems to have in the Australian Folklore.
In my opinion this is the coin that a beginner in Australia should start with when they start stacking !
I always thought it was a good coin to own but in my opinion only because it is recognisable even to sheppies. But for me, it is still better to own 999 bullion as it is purely silver - no more calculations just pure one Troy ounce. With regards to liquidity, if you can't afford 40 bucks then you have a problem my friend and you just better stack canned food
The sheeples' is where the market overwhelmingly will be when the SHTF. Its smaller denomination will be of advantage due to its affordability. Bullion coins as beautiful as they are have one degree of separation it terms of instant recognition compared to the 1966 50 cent coin. I expect the 66 will be hugely desirable by all (sheeple) without the premiums as charged for bullion coins.
