How much does American junk silver cost in the US at a local coin shop?

[SumkidMember]

I want to know the price so that this way, I can make sure that I’m not getting ripped off by the dealer. Today, I bought a 1929 American silver quarter for 6$ and I’m not sure if it’s worth it or not. In the US, how much does a silver dime, a silver quarter and a silver half cost for each of them?

[jaxxasMember]

My LCS is almost always spot on with Coinflation’s melt value. Maybe give or take a few pennies. We’ve actually been amazed they don’t charge more.

Currently 90% $.25  melts for about $5.88, so it’s pretty close given silver was over $33 per oz at some point earlier today.

a war nickel is $1.83

a dime is $2.35

a quarter is $5.87

a half is $11.73

a dollar is $25.09

 

 

 

 

http://www.coinflation.com/silver_coin_values.html

 

 

• This reply was modified 8 months, 2 weeks ago by  jaxxas.
• This reply was modified 8 months, 2 weeks ago by  jaxxas.

[MaryBMember]

I am seeing a trend for 90% US coins to rise above spot.

[undeRGRoundMember]

You did fine, SK. Near spot. Here are some quick calculation figures to use to determine prices:

(all for 90% Silver US coins)

Dollars: .77 oz

There are 0.7735 troy ounces of silver in 1 silver Morgan dollar, Peace dollar

Slightly higher amount than the smaller FV.

Halves: .36 oz

Quarters: .18 oz

Dimes: .072 oz

“War Nickels”: .056 oz (higher silver to FV ratio than any other US coin)

 

There are some silver “half dimes” which is a 5 cent piece, (prior to the Jefferson Nickel) which were

Silver also, and a 3 cent piece, also Silver, but those are very old and rare, they will be priced well above

SPOT unless the seller has no idea what they are. Big “V” on the half Dime, if memory serves.

 

• This reply was modified 8 months, 1 week ago by  undeRGRound. Reason: corrected silver content in Silver Dollar coins

[SumkidMember]

@jaxxas If that’s the case then it didn’t matter if I paid 0.20$ over spot. At first, my dealer wanted to sell the coin for 8$ because of the collection value but then He has offered me to buy it for 6$. I think it’s because it wasn’t in very good condition to be worth 8$.

@MaryB The American junk silvers are very hard to pay for only their metal content. If you want to buy one, you will actually have to buy it for their collection value and not for their melt value. The problem with the collection value is that they are worth way more than their melt value. Even if I do find American junk silvers that doesn’t have any collection value, they have high premium. For example, a silver half dollar cost 15$ while their melt value is only about 10$. I was lucky to find one that is really close to the spot price and it was my first American junk silver purchase!

@undeRGRound I can also use Coinflation to check the value of the American silver coins but anyway thanks. Now, it doesn’t matter if I paid over spot for my American silver quarter because silver went higher and my silver quarter is now worth 6.09$.

[undeRGRoundMember]

(note to self:)

LIQUIDATE JUNK SILVER in Canada!!!

I have many 90%’ers in cardstock collector’s sleeves, SK, any ideas? LOL!

Around 150-200 pieces, bought them as collectibles years ago. I should

come up to the Great White Nort’ and sell it  :D

Then back down here and buy .999     O.O

[undeRGRoundMember]

Find out what the 35% Silver War Nickels bring, I got a lot of those I’d love to sell.

They don’t sell well down here yet, only being 35% and all. Same as 40% Kennedys, pretty much.

[SumkidMember]

@undeRGRound Also, the reason why the junk silvers cost a lot in Canada is because there’s taxes on them since they are not 99% pure silver. My dealer doesn’t charge taxes even if He’s not suppose to do that since it’s illegal. If you want to sell junk silvers in Canada and make a profit, then go to Toronto and list your items on Craigslist or even better, Kijiji. Then, a lot of buyers will contact you. Don’t sell your coins to a local coin shop in Canada cause you won’t get enough profit.

My American silver quarter is also in a cardstock collector’s sleeves.

[undeRGRoundMember]

Kewl!

Perhaps there is a way to sell while staying here…

[MaryBMember]

Actually I have bought lots of US 90% coins at or below spot up until the last couple weeks. Even tonight I picked up 10 dimes for $20+ $2 shipping. Just getting much harder to find the deals.

[CrissyMember]

Even if you have to pay a premium for 90% silver coins they will be the best unit of barter, especially dimes. They are more recognizable to the average person and much more useful than a suspect one ounce coin or bar. I use to buy larger bars and eagles and have started to buy only dimes, even trading in some of the bigger stuff for them. Makes much more sense when you think about it in bartering terms.

[undeRGRoundMember]

EXACTLY how I’m doing it, Missy Crissy  ;) Nice Pic! WELCOME to SD!

 

Got me some ASE’s and bars, generic rounds and bigger pieces. Then mostly 90% stuff, Morgans, Peace,

halves, quarters, now Dimes are my favorites, perhaps because I have fewer or also thinking smaller barter/trade.

90% junk silver bags have a lower premium on dimes, too.

[undeRGRoundMember]

I have some places UNDER SPOT, a couple @ SPOT, and one that is only good for Bullion, @ SPOT+

Know a traveling wholesaler/dealer, I was able to get NICE Morgans (collectible) for CULL Prices…

Still over junk spot, but a good deal nonetheless. Ya gotta have OPTIONS  :D

[RocketsRedGlareMember]

The closet coin shops to me have all been selling 90% right around melt/spot price. In fact I’ve been getting it under the Coinflation.com  melt quotes!

[undeRGRoundMember]

The antique shop I frequent sells at a slight markup over what they pay.

The silver nickels I got were @ refinery melt pricing, huge discount. I paid around 40% of SPOT (no tax!)

 

O.O

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