How to Use the Calculator

  1. SPOT PRICES: Spot silver and gold prices are automatically loaded from in the two fields at the top of the Calculator. If the feed is down, you can enter them manually.
  2. CURRENCY TYPE: Select the currency type from the drop-down list at the top of the Calculator.
  3. CURRENCY AMOUNT: In the next field of the Calculator enter the amount of paper currency to be exchanged in the first field in the Calculator.
  4. CALCULATE: After entering the amount to be exchanged The Silver & Gold Payment Calculator© will automatically compute the silver and gold equivalent of the amount of the paper currency you entered under current market conditions.
  5. PAYMENT OPTIONS: Your Payment Options for tendering the equivalent amount you entered under current market conditions are now listed below:
    1. Option A: PAY ALL in US 90% silver coins totaling the face value dollar amount displayed under Option A.
    2. Option B: PAY MOST of the amount in American Eagle gold coins indicated plus any REMAINDER in US 90% silver coins totaling the face value dollar amount displayed under Option B.
    3. Option C: Use Equivalents table to make substitutions.
  6. WHAT ARE "FACE VALUE DOLLARS?": Dollars of paper and dollars of coin can confuse, but don't let it. We all know what paper currency is — colored pieces paper with engravings of famous citizens and leaders. A "face value dollar" is merely the stated value of American Eagle coins or any combination of pre-1965 US 90% silver dimes, quarters, or halves that adds up to one dollar in US 90% silver coin.
  7. EXACT GOLD SUBSTITUTIONS: For one, 1/2, 1/4, or 1/10 ounce gold American Eagles you may substitute any like-sized coins from any country. Some coins have face values and some do not which are noted in the Equivalents Chart which provides a list of substitute coins. You may also substitute denominations. For instance, if the Calculator calls for one 1/2 ounce coin, you can also pay two 1/4 ounce coins or five 1/10 ounce coins.
  8. INEXACT SUBSTITUTIONS: If you want to use gold coins that do not contain an exact ounce, 1/2 ounce, 1/4 ounce, or 1/10 ounce, or silver coins other than US 90% dimes, quarters, or halves, refer to the Gold & Silver Equivalents table to determine the value of those coins based on the current spot silver & gold prices described in Step 1.
  9. ADD A PREMIUM: The Silver & Gold Payment Calculator© figures exchange values from paper currency into silver & gold based on spot silver & gold values ONLY. The Calculator does not automatically include any premium or discount above the spot gold or silver value of the coin or bar. However, if you would like to include a premium above the spot price to be added to both the gold and silver value, you can add that premium percentage in the third field.
  10. SAVES YOU MONEY: The Silver & Gold Payment Calculator© does not include any spread between a "buy" price and "sell" price. If you want to accumulate silver or gold, your cheapest alternative is to use the Calculator and get your silver and gold in direct exchange with others, avoiding spreads, delivery, and commissions.
  11. WANT TO CHECK CURRENCY EXCHANGE RATES?: No problem, just link to XE's Universal Currency Converter.