Who Buys Silver Coins Near Me
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As you're looking through our top picks, remember that online dealers may offer the best price as they have lower operating expenses than brick-and-mortar stores. Read on to find out where to sell silver coins online.
Cash for Silver USA is a trusted North American silver buyer. The company specializes in coins, flatware, and serving pieces. They can also handle the sale of your gold and platinum coins, jewelry, Rolex watches, and diamonds.
eBay is a behemoth in ecommerce, with more than $10 billion spent in 2021 by buyers. The site touts more than 183 million visitors each month, so it's a top platform on which to sell your silver coins.
Kitco has been buying silver coins all over the globe with a global information network since the seventies. They specialize in silver, with competitive premiums. As the international precious metal authority and retailer of bullion, they are the leading voice offering news, data, and insights.
Junk silver coins are silver coins with no numismatic or collector value. As valuable as they once were, these coins are now only worth their melt value - the value of the silver content within them.
In recent years, the U.S. Mint has also produced several special edition silver coins, including the American Eagle series. These rare coins are popular with collectors and investors for their beauty and intrinsic value.
Did you inherit your grandfather's buffalo nickel What about a silver dollar collection Rare quarters or Canadian silver dollar or French franc If so, do you want to sell silver coins If so, read more to learn about selling silver coins:
If you can take your coin around locally, a pawn shop, antique dealer, coin dealer or gold and silver buyer can give you a quote for how much they'd buy your silver coin for. The upside to selling your coins locally is that you get cash immediately.
You can also get an offer from a silver buyer like CashforSilverUSA or a coin collector for rarer coins. With free shipping and returns, an online dealer or buyer can be a way to shop around for the highest offer. CashforSilver USA pays within 24 hours.
That being said, if your silver coins are rare, old, or otherwise have value as a collector's item, your coin collection may be worth more than you would get simply by melting it down for its silver content. There are many numismatic (coin collecting) websites where you can search for the value of your coin to determine if it has any collector's value.
As a general rule of thumb, any silver dollar minted before 1965 will contain 90% silver, or about 0.78 troy ounces of silver. The weight varies slightly by coin, but they are close. At the current price of silver (March. 3, 2023: $21.09) that means that the silver content of these silver dollar coins is worth about $16.45.
Kennedy half dollars minted in 1964 contain 90% silver and 10% copper. These coins contain roughly 0.36169 ounces of silver. At the current price of silver ($21.09 per ounce as of March 3, 2023) that means that the silver in a 1964 Kennedy half dollar is worth about $7.63.
Each of the coins below contain about 0.36169 ounces of silver. At the current price of silver ($21.09 per ounce as of March 3, 2023) that means that the silver content of these 50 cent pieces is worth about $7.63. The list of 50 cent pieces that are 90% silver include:
Silver pennies, which were minted in 1943, are actually made of steel coated in zinc, so they do not have silver penny value based on their silver content. These coins are fairly common, so their value as a collector's item is minimal.
The famous Gold Rush of 1848 led to a surplus of gold in the marketplace, which drove up the value of silver coins, and led bullion collectors bought up and hoarded the metal, causing a shortage. An 1853 law reversed this trend by allowing the public to turn their silver bullion into silver dollars. That lasted until the Coinage Act of 1873, a.k.a. the Fourth Coinage Act, put an end to the practice.
Starting in 1866, the piece was manufactured with copper and nickel rather than silver. This new composition inspired the name by which the coin has been known ever since: the nickel. The dime and the quarter eventually switched to a copper-and-nickel composition as well, in 1965. By 1971, no newly minted U.S. circulating coins included any silver at all.
Collectible silver coins, especially those with historic value, may be worth more in their current state. If you believe that you may have a valuable silver coin, a coin shop or appraiser can help you understand the value of your coin before you sell it.
Any half dollar minted before 1965 will contain 90% silver. This includes the 1964 Kennedy half dollar, the Franklin half dollar (1948-1963), the Walking Liberty half dollar (1916-1947), Barber/Liberty Head half dollars (1892-1916), and older coins. These coins each contain 0.36169 ounces of silver, making them worth a little over $7.63 (per March 2023 prices)
Silver coins can also be sold to pawn shops, silver exchanges, and silver buyers, each of which will give you cash in exchange for your coins (based on the weight of the coin) and then proceed to melt them down.
Junk silver is a term used to describe a silver coin that has no value as a collectible. Junk silver coins are worth more than their face value due to their silver content, but do not have any additional historical, collectors, or antique value. Junk silver coins are often melted down and sold.
If you have silver coins and want to sell them for the value of their silver, a bank is likely not to be a good choice. Most banks will only give you the face value of whatever coins you turn in, regardless of their metal content. So, a silver nickel would be worth 5 cents, for example. An online buyer, such as CashforSilverUSA, is likely to be a better option.
ROUNDS, BARS, SCRAPThis type of silver is also .999 fine silver but will not carry as high as premium as bullion coins. For the most part this will probably sell for spot or melt value. Melt value being if you have 10 ounces of silver, you will get only 10 ounces of the spot price of silver.
JUNK SILVERThis is a loosely named term for US coins issued before 1965 that contain 90% silver. Dimes, quarters, half-dollars, and dollars all fall into this category. Expect melt value or just below melt value for this type of silver. This silver is great for preppers.
Local coin dealers are the way to go if you live near one. These shops are a fast and convenient way to sell your silver coins. You can expect a decent price for your silver depending on how honest the shop owner is.
Granted these shows are more for the buying silver or collectible coins and bullion from the public than selling. You will want to get several quotes from dealers before you end up selling and it maybe a starting point in getting to know some of the local dealers.
Auctions are another way to sell your silver for cash. Becoming more and more popular, silver bullion, coins, and products are being sold daily with over 33,000 listings on ebay for silver coins at the time of this writing.
Silver price only affects junk silver coins or culls Only, Dealers have been ripping people off paying spot price for very rare coins. 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. Again the price of silver doe not affect coin prices , anyone that tell you otherwise is an idiot
Silver dollar coins are valued both for their amounts and purity of silver and their status as collectibles. Many of our parents and grandparents used silver dollar coins to pay for groceries. At that time, the silver dollars in circulation were Morgan silver dollars and Peace silver dollars. Today modern silver dollars, like the American Silver Eagle, are more popular to collect and give as gifts to commemorate special occasions, birth years, and anniversaries.
Silver dollars have a $1.00 face value and contain a precious metal content of at least 90% silver. There are many modern silver dollar coins that are produced for collectors by the U.S. Mint with special proof and uncirculated finishes, as well as regular business strike coins intended for regular circulation.
GSA Hoard designates a specific cache of several million silver dollars held in the vaults of the U.S. Treasury Department, then discovered later and sold by the General Services Administration (GSA) from 1972 to 1980. The majority of these coins were Morgan silver dollars minted in Carson City.
If you are looking for a local coin shop who buys silver dollars, researching where to sell silver dollars near you, or want to have your silver dollars appraised, PGS Gold & Coin is the premier silver dollar buyer, silver dollar seller, silver dollar appraiser in the Chicagoland and Midwest region.
As Certified Coin Dealers, Appraisers, and Precious Metal Specialists, PGS Gold & Coin buys, sells, and appraises coin collections, stamp collections, gold & diamond jewelry, along with a wide variety of items. PGS Gold & Coin provides free evaluations, estate & insurance appraisals, safe deposit box appraisals, and coin grading submission services. PGS Gold & Coin can assist you in buying, selling, and investing in gold bullion, silver bullion, platinum bullion, palladium bullion, and rhodium bullion, as well as guide you through investing in Precious Metal IRA. PGS Gold & Coin GIA Certified Diamond Buyers appraise diamond engagement rings, diamond jewelry, loose diamonds, and gemstones. PGS Gold & Coin pays top dollar for diamond rings, diamond jewelry, sterling silver, and scrap dental gold. PGS Gold & Coin retail stores feature rare coins, antique silver coins, US gold coins, foreign gold coins, silver dollars, type coins, ancient coins, medals, tokens, old US currency, foreign currency, Confederate currency & Civil War currency. Our online store features all of the above plus fine watches, antique pocket watches, autographed sports memorabilia, historical documents, militaria, US & foreign war memorabilia, comic books, vintage toys, model trains, musical instruments, rare stamps, estate jewelry, luxury fur coats, designer handbags, purses, fine wine collections, antiques, and collectibles. We also buy smartphones, cell phones, iPads, laptops, video game consoles, and other new in-the-box electronics. PGS Gold & Coin also buys and appraises fine wine. 59ce067264