A California couple found 1400 buried gold coins with a face value of $28,000, but a true value of $10,000,000. What is the added value per coin?
Does this mean that each coin is worth $28,000 or all 1400 coins are worth $28,000. Cannot start to work out the problem until this is clear to me. Thanks.

Question

A California couple found 1400 buried gold coins with a face value of $28,000, but a true value of $10,000,000. What is the added value per coin? 
Does this mean that each coin is worth $28,000 or all 1400 coins are worth $28,000. Cannot start to work out the problem until this is clear to me. Thanks.

anonymous · Answer

Each coin has a face value of $28,000 / 1400 coins = $20 
Each coin has a face value of $20

anonymous · Answer

No that is not my question. My question is does the wording of the the question mean that the total value of the coins is 28K or is each coin valued at 28K. Thanks

anonymous · Answer

The total value of the coins is 28K

anonymous · Answer

Thanks! So I will 10,000,000/28,000  then subtract from that answer 20 to get the value added per coin.

anonymous · Answer

Yeah. I have an answer if you want to see if we get the same thing

anonymous · Answer

Ok I keep loosing my connection

anonymous · Answer

back on line!357-20=$337 added value each

anonymous · Answer

I get $7122.86
(10,000,000 / 28,000) * 20 = 7142.86

7142.86 - 20 = 7122.86

anonymous · Answer

Not close. Why did you multiply by $20? The original question wants to know how much value is added to the face value of each coin? If each coin is worth 20 face and the true value is 100,000   is it not closer to 357 each  357828,000=9996000

anonymous · Answer

I meant 10,000,000  I will try your way but I do not understand.

anonymous · Answer

this is for 6th grade

anonymous · Answer

We're trying to find the new value of the coin.
The new value will be the ratio of the new value to the old value multiplied by the original value of the coin.

anonymous · Answer

But the total value must equal the true value of 10,000,000 and when I do it your way I get  over 200,000,000

anonymous · Answer

You know what...i'm doing it the hard way.

Just take 10,000,000 and divide by 1400. You get 7142.86

anonymous · Answer

Total value of all coins is 10,000,000
Per coin that's 10,000,000 divided by 1400 = 7142.86
So the added value per coin is 7142.86 - 20 = 7122.86

anonymous · Answer

That's easier to follow i think

anonymous · Answer

No value added is like the tax in Europe   It   adds to the original value.. The FAce value is the original value  20 dollar gold pieces.  81400=28,000

anonymous · Answer

Ok I see what you are saying. I think I will submit it both ways. Thanks so much

anonymous · Answer

28000/1400=20   each coins face value is 20
True value is 10,000,000-28,000=9972000/1400=7122.857143