Is it better to sell silver coins for melt?
Is it better to sell silver coins for melt?
Silver is an incredibly valuable metal, so sometimes the amount of silver in a coin might actually be worth more than the coin’s face value. However, selling your coins for melt isn’t always a good idea.
How much are silver coins worth in silver value?
U.S. Circulated Silver Coins
| Description | Face Value | Silver Value |
|---|---|---|
| 1878-1921 Morgan Dollar | $1.00 | $20.5428 |
| 1921-1935 Peace Dollar | $1.00 | $20.5428 |
| 1971-1976 Eisenhower Dollar (40% silver) ** | $1.00 | $8.3991 |
| 1986-2013 Silver Eagle (.999 Silver) | $1.00 | $26.5334 |
What is the melt value of coins?
The melt value of a coin is basically what the metal of the coin is worth if you were to melt the coins down. Even if you have a totally ruined coin, it’s metal content is still worth something, especially if it is made out of precious rare metals like gold, silver and platinum.
Can you melt down US silver coins?
Despite rumors to the contrary, it is not illegal to melt U.S. silver coinage for its metal value. Since then, it is legal to melt silver coinage, as there is little, if any, in circulation.
Where can I sell silver coins for melt value?
You can sell your silver coins for melt value by taking them to a coin dealer or bullion broker who is offering to buy silver coins. Bear in mind that bullion businesses need to pay for overhead costs, advertising fees, and other day-to-day necessities.
Who buys coins for melt value?
You can sell your silver coins for melt value by taking them to a coin dealer or bullion broker who is offering to buy silver coins.
Where can I sell my coins for melt value?
How do you calculate the value of silver coins?
How to calculate the current intrinsic value of a silver coin. The intrinsic value (also known as melt value) of a silver coin can be determined by multiplying the ASW (actual silver weight) for the coin times the current spot price of silver.
What are melt values?
Melt value is a generic term used in the metal recycling industry. In numismatics, melt value may also be referred to as intrinsic value in coins. Calculating melt value is difficult.
What is the amount of silver in US coins?
Coin Silver is 90.0% silver (900). This is the purity of silver used in coins in the United States. Coins such as quarters, dimes, half dollars and silver dollars were made of coin silver before 1965.
What is the most valuable silver dollar?
Morgan Silver Dollars. The Morgan Silver dollars represent the best in silver coin manufacturing at its time. It’s the most valuable of the silver coins the United States has minted in the late 1800’s and early 1900’s partly because of it’s size, and silver content. This is not a coin you want to carry around in your pocket.