Coin Values vs Price of Silver

[B-Ruce]

Silver closed at $40.60 per ounce yesterday; up 2.67%. This is a 30+ year high. I did a little calculating to see what silver coins are worth. I multiplied the weight of silver in each coin by the spot price of silver and got the following values:

Silver War Nickels: $2.28 each
Silver Dimes: $2.94 each
Silver Quarters: $7.34 each
Silver Half-Dollars: $14.68 each
Silver Dollars: $31.40 each

Regardless of coin design, the silver content by denomination stayed (mostly) constant, so these values should apply regardless of a coin's age. Based on silver weight alone, a severely worn coin would probably worth slightly less.

Theoretically, these prices should be considered the minimum worth of any silver coin, regardless of its condition or scarcity.

HH,

Bruce

 

[D&P-OR]

That's very interesting Bruce, thanks for your post.----I have been curious of late about the sale price of common date "junk" silver coins (what we could get for silver coins).----If I figured correctly, according to your figures (other than the silver war nickels & silver dollars)---that would be 29.36 times face (for the dimes, quarters & halves).-----I was told the other day that common date silver coins should bring about 24 X face---but in reality, at todays silver prices, that may be a little low (24Xface).-----Common date silver dollars always bring a little more.---Good post!------------Del

 

[jeepcj5]

B-Ruce,
Here ya go buddy this may help your calculations become easier!!!

Melt Value

scroll to the bottom of the page

 

[gfeulner]

Here's another one. http://www.coinflation.com/coins/silver_coin_calculator.html

 

[jeepcj5]

same link

 

[gfeulner]

Yep- you're right! Sorry 'bout that.

 

[hershey1]

Coinflation.com same as above changes daily or whenever the value moves. I weighed 5 silver quarters the other day and they weighed 1.030 oz. HH

 

[jeepcj5]

no worries, ya make one click on a website and they all look different

 

[B-Ruce]

Coinflation.com same as above changes daily or whenever the value moves. I weighed 5 silver quarters the other day and they weighed 1.030 oz. HH

Just remember that the coins are not 100% silver, so their total weight will be more than their silver weight.

 

[Tom_in_CA]

B-ruce, the link that Jeepcj5 put on here, already takes that into account. It's only factoring for the actual silver weight in the coin, already (ie.: the 10% alloys already deducted).

But once thing the site doesn't give, is the amount you'll sacrifice to the smelter, for the rifiner's cut. Like if they pay 90% of that day's spot market value (typical of the on-line buyer-refiners, like Midwest and ARA), then you have to deduct 10% off of Jeepcj5's link, to account for that. Supposedly some people though, are selling bag common silver coins for nearly spot price though, if you find a buyer on Craigslist or ebay for instance, you is buying for their own personal speculation.

 

[hershey1]

Excactly coinflation has already figured that in that is why a standing liberty quarter is valued the same as a 63P. But I don't have any so the other than honest that read these forums should look elsewhere. HH

 

[Terra1959]

I hear you but...
IMHO It would be a shame to melt beautiful old coins down for scrap value

T59

 

[D&P-OR]

I hear ya Terra-----They're little pieces of history, them old coins--every last one of them!-----Days gone by, never to be repeated again---no matter what country you live in.--------Del

 

[B-Ruce]

Don't get me wrong. I'm not advocating melting down old coins. I would never sell mine, let alone destroy them. I just find it interesting to see what they're worth.

 

[nge]

If you want to find out what karat gold is selling by the gram for, go http://www.Ingoldwetrust.com ........NGE