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Junk Silver Coin Spot Prices - Your Guide In Getting The Right Prices

By Edited Sep 12, 2016 0 0

Summary

Silver coin

Many sellers or buyers have different junk silver coin spot prices. This is due to some of them overpricing and taking advantage of the ignorance of others. This guide will help you avoid that.

Introduction

Junk silvercoin coin spot prices vary a lot especially among different merchants. That’s unavoidable, considering we are living in an economy of needs and hardships. But one thing is for certain, junk silvercoin spot rates can be predicted and estimated especially if you have an honest guide to follow. This guide will serve that purpose.

The value of the junk silvercoins mostly relies on its silver content and very rarely on sentimental value or history value. For most merchants and people who are venturing into the trade of buying and selling, buying these coins is a method of investment in silver which is why it is essential to know the junk silvercoin spot values. The reason why they do this is because the coins are legal coins and by being legal, they provide an assurance whenever one invests in silver.

For Dealers

As a dealer, the amount of junk silvercoins that are bought are usually grouped in $1,000 face value bags or coin rolls. Which type of coins or how old the coins are not relevant to the negotiation of the end price since it is not the basis of the price. The junk silvercoin spot prices are usually depending on the value of the silver and the content of silver it holds plus a mark up.

For Retailers

If you are retailer, it is advisable and wiser to buy in prices that are based on face value. By doing this, you can judge how big or how small is the silver content. However, as a retailer, you buy silver in any size that you want.

Junk silvercoin Spot Prices and Silver Content

Before we start discussing about the junk silvercoin spot prices and the contents of each junk silvercoin, we must first put into mind that coins that have silver in it are still being used today. For a little history fact, it was on the year 1794 that these coins were being used.

NOTE: For the following coins, thevalue is based on a price of $10 per ounce of silver. Here are the junk silvercoin spot rates along with the other coins with silver in it (just in case you happen to find one). These silver coins are arranged in such a way that the first is the oldest coin used and the last is the newest and also used presently.

Flowing Hair Dollar (1794-1795)

Flowing hair dollar

This coin has 90% silver content. Its silvervalue is currently unknown since there are only a few remaining flowing hair dollar coins left.

Draped Bust Dollar (1795-1803)

Draped Bust Dollar

This coin has 90% silver content. Its silvervaluevalue is currently unknown since there are only a few remaining flowing hair dollar coins left.

Gobrecht Dollar (1836-1839)

Gobrecht Dollar

This coin has 90% silver content. Its silvervalue is currently unknown since there are only a few remaining flowing hair dollar coins left.

Seated Liberty Dollar (1840-1873)

Seated Liberty

This coin has 90% silver content. Its silvervalue is currently unknown since there are only a few remaining flowing hair dollar coins left.

Morgan Dollar (1878-1921)

Morgan Dollar

This coin has 90% silver content. In exact weight, it has 0.773 oz of silver in it. Its face value is $1 and a silvervalue of $7.73.

Mercury Dimes (1916-1945)

Mercury Dimes

This coin has 90% silver content. In exact weight, it has 0.723 oz of silver in it. Its face value is $.10 and a silvervalue of $.72.

Walking Liberty Half (1916-1947)

Walking Liberty Half

This coin has 90% silver content. In exact weight, it has 0.361 oz of silver in it. Its face value is $.50 and a silvervalue of $3.62.

Peace Dollar (1921-1935)

Peace dollar

This coin has 90% silver content. In exact weight, it has 0.773 oz of silver in it. Its face value is $1 and a silvervalue of $7.72.

Washington Quarters (1932-1964)

Washington Quarter

This coin has 90% silver content. In exact weight, it has 0.18 oz of silver in it. Its face value is $.25 and a silvervalue of $1.81.

War Nickels (1942-1945)

This coin has 35% silver content. In exact weight, it has 0.056 oz of silver in it. Its face value is $0.05 and a silvervalue of $0.56.

Roosevelt Dimes (1946-1964)

This coin has 90% silver content. In exact weight, it has 0.072 oz of silver in it. Its face value is $0.10 and a silvervalue of $0.72.

Franklin Half (1948-1963)

This coin has 90% silver content. In exact weight, it has 0.362 oz of silver in it. Its face value is $0.50 and a silvervalue of $3.62.

Kennedy Half I (1964)

This coin has 90% silver content. In exact weight, it has 0.362 oz of silver in it. Its face value is $0.50 and a silvervalue of $3.62.

Kennedy Half II (1965-1970)

This coin has 40% silver content. In exact weight, it has 0.148 oz of silver in it. Its face value is $0.50 and a silvervalue of $1.48.

Eisenhower Dollar (1971-1976)

This coin has 40% silver content. In exact weight, it has 0.316 oz of silver in it. Its face value is $1 and a silvervalue of $3.16.

American Silver Eagle (1986-Present)

This coin has 100% silver content. In exact weight, it has 1 ounce of silver in it. This is usually sold in a roll of 20 coins and rarely can you find only 1 coin being sold. The price differs according the merchant but it usually more or less $1,000 per roll of silver eagle coins.

Summary

This guide should always be restudied whenever you are going to sell or buy silver.  By knowing the junk silver coin spot rates, you will avoid being tricked by merchants and consequently, you can also take advantage of unwise dealers. That is why, these junk silver coin spot prices that are presented are very essential when you trade for coins. Good luck!

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