Estimate the market price, Corporate Finance

An original United States silver dollar from the late 1800s consists of about 24 grains of silver.  Suppose that at current prices, the silver content of this coin is worth $2.25. Assume these coins are in plentiful supply and are not collector's items so they have no numismatic value. Assume also that melting them down to obtain their silver content is costless.

Is the market price of the coin equal to, greater than, or less than $2.25?   

Justify your answer with a very brief but carefully and concisely worded explanation using complete sentences.

Posted Date: 4/5/2013 5:33:35 AM | Location : United States

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