For a US Mint Gold Eagle, you may pay a premium of $60 above the spot price of gold. To determine the coin’s actual silver value, multiply the ASW by the spot price for silver. This means … Immediate Delivery - Call Us 800-276-6508. Eisenhower dollars minted from 1971-1973 are 40% silver. Junk Silver Coins Details; Morgan Dollar Minted: 1878-1904, 1921 Silver Content: 90% Silver Weight: 0.7735 troy oz Note: Often sells with a higher premium due to collectibility. What We Pay For Silver Coins In Canadian Dollars, Silver at $34.06/ozt CAD, updated: Feb 10, 2021 at 11:00 PM CT. Click on image to enlarge Our silver coin calculator will calculate the melt value of US junk silver coins. Note: It is called junk silver when a coin’s value is based solely on its metal content. Home / Uncategorized / how much to pay for junk silver coins. Gold or silver eagles maybe slightly more but not much. *BONUS* a few more ways to Get Junk Silver! Some silver coins, which were minted in the United States through 1964, remain in circulation and are often spent as pocket change. Silver bullion sold for a profit, does not necessarily mean all fiat US dollar currency gains get taxed at a 28% maximum tax rate. How Do I Calculate the Value of Junk Silver Coins? It's based off of a 90% silver per coin esitmation, and the current spot price of silver 26.94 As a quick rule of thumb, if a coin was produced before 1965 it is 90% silver. We don't sell bags of silver but have suggested a few of the major companies at the very bottom of this utility. (Dimes, Quarters, Half Dollars only). 1. Then you can compare its silver value with a coin dealer's price to know how much of a premium you would pay for the coin. These live buy prices are what we pay right now, for old circulated silver coins, junk silver, when you come into or ship to KMG Gold Recycling ®. He looked up the current spot price and calculated the coins by that. Buy Junk silver products (35%, 40%, 90% US Coins) online at JM Bullion. You may have heard of the increasing scarcity of “junk” silver, which generally refers to pre-1965 US dimes, quarters, and half-dollars that contain 90% silver. Silver price only affects junk silver coins or culls Only, Dealers have been ripping people off paying spot price for very rare coins. Junk silver coins are a 'finite commodity.' Additionally, the retail market for coins is generally more active than bars or jewelry, which means there is almost always a buyer. As well, silver bullion sale losses can be written off up to $3,000 a year depending on your situation. Pawn shops donâ t buy large amounts of gold. I’m very bullish on silver, but buying silver coins at 15% over spot is much less risky than those priced at 50% over spot. 13. Just the same, it’s senseless to accept $10.00 for a $100.00 coin when all you had to do is take 5 seconds to look up some info on the Internet beforehand. Some silver rounds can be cheaper, but again, watch for odd mintages that may be hard to resell. Slabbed bullion unless they are 70's will probably be treated like raw coins. Nitric acid can eat through some types of plastic bottles, so it may be wise to either use it fairly quickly or transfer to a small glass container. Since the late 1960's, it is legal to melt down junk U.S. silver coin. Gold may be the king of precious metals for some investors, but it's silver that many turn to for its affordability and variety. To calculate a coin's base price, or silver value, you need to know how many ounces of the precious metal it contains. If you just walk in and ask a coin dealer how much they’ll give you for your coin, they could end up giving you $5.00 for a coin that’s worth $100.00 — and you wouldn’t know the difference. How to Sell a Silver Coin for Scrap. Half dollars minted from 1965-1970 are 40% silver. While junk silver coins do not contain an even amount of bullion (like 1-oz American Silver Eagles) they possess qualities that sometimes make them preferable to bullion coins. We know what collectors are looking for, and we make great offers for Some of the better shops will let you rummage through their boxes of junk silver and pick out what you want. These days, people purchase junk silver for both investment and survival purposes. 90%) and divide this figure by the total number of grams in a troy ounce (31.1034768). Modern commemoratives, I'm assuming US commems, are common and slow moving don't be surprised if you are offered melt value. The scarcity indicates people are stockpiling, and so it might not be long before you get the opportunity to actually transact some barter business with junk silver. I bought a roll of 64 Kennedys for spot. But even if sold for scrap or melt price, the silver in the coins far outweighs their face value. If you need to calculate the ASW of a coin, take the weight in grams, multiply by the fineness of the coin (e.g. Silver has served as both a currency and commodity for thousands of years.Today, this white metal continues to hold allure and value as one of the world's most popular and affordable Precious Metal investments. To simplify the process, we have broken our guide into three sections, which are: How to sell junk silver coins at auction, How to pawn your silver coins, and How to sell junk silver coins through classified advertisements. The prices for the junk silver (90%) bags below reflect the average quantity of silver in ounces formulated with the silver spot price for today (updated every 10 minutes so prices are always current). Some people would question whether the old U.S. silver coin would not be recognized. Current silver melt value: $20.96 Peace Dollar Minted: 1921-1928, 1934-1935 So, when selling junk silver coins, it pays to do a little bit of homework first. Selling Junk Silver Coins at Auction. Dimes, quarters, half dollars, and dollar coins minted before 1965 are 90% silver. I was checking out a few of the coin shops in a town about 30 minutes away, and was surprised to find that the shop keeper had a special stash of junk silver rolls, that he sold for spot. how much to pay for junk silver coins What We Pay for Silver Coins, Junk Silver. Today, you can watch the show in over 100 countries. Went to sell some today slabbed/graded peace dollars 1 is MS-65+ value is $160 been to 4 dealers and their offer is $13.00 to $17.00 AVOID DEALERS like the plaque. Nickels minted from 1942-1945 are 35% silver. Dealers make their money on the “premium,” the amount charged over the spot price. FREE Shipping on $299+ Orders. Silver Bullion Bars, Coins, & Rounds. Once again slabbed 69's or 70's may do better. Sell Silver Coins. Learn more about current silver taxation in the USA. Enter the face value of bag of coins, a roll of coins, or even an individual coin into the silver coin calculator to get the total melt value. The lowest premium coins will generally be sovereign bullion coins. They are no longer being made, and many of the bags have been melted down over the years. But before you assume that a gold dealer makes $60 per coin, you must also consider that dealers do not buy these coins at …
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