US Silver Coin Melt Value Lines (Spot-Based)This indicator calculates and plots the melt value of several historic U.S. silver coins based on the current spot price of silver. Each coin contains a known amount of silver, expressed in troy ounces. By multiplying the spot price by each coin’s silver weight, the script produces real‑time melt‑value lines that track the intrinsic metal value of each denomination.
Coins included:
- 90% Silver Dollar (Morgan/Peace)
- 90% Half Dollar
- 90% Quarter
- 90% Dime
- 40% Half Dollar (1965–1970)
- 35% Wartime Silver Nickel (1942–1945)
The indicator retrieves a dedicated silver spot symbol using request.security(), ensuring melt‑value lines remain correctly scaled regardless of the chart symbol. Each line is color‑coded and can optionally display a right‑edge label for quick identification.
Features:
- Real‑time melt‑value calculations based on spot silver
- Works on any chart symbol
- Optional right‑edge labels for each coin
- Clean, color‑matched visual layout
- Accurate silver weights for all included coins
This tool is intended for users who track bullion value, compare coin premiums, or study historical relationships between spot silver and U.S. coinage.
No external data sources, links, or promotional content are used.
อินดิเคเตอร์ Pine Script®
