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Selling Old Silver Coins

Old 11-26-2011, 03:49 PM
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Hello,

I have a bunch of old silver coins from the 1940's to 1964. All denominations. All are in circulation condition. Can I sell these as melt? With the price of silver so high, the value is much higher than the face value.

Thanks.

Bob
Old 11-26-2011, 03:55 PM
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Based on my experience you are better off selling them at melt value at this time (as I did) vs. selling them at coin value.
Old 11-26-2011, 04:24 PM
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For the time being I'd hold onto those coins. The Euro is going down and it ain't gonna be pretty when it does. China's economy is locked up, Japan is on the edge, the first of the G8 ready to nose dive. There is no why on the planet the US is going to somehow walk past the econo-carnage and survive unscathed. Wait until spring 2012 then decide if you still want to sell coins.
Old 11-26-2011, 04:40 PM
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Originally Posted by sharkwaters View Post
Hello,

I have a bunch of old silver coins from the 1940's to 1964. All denominations. All are in circulation condition. Can I sell these as melt? With the price of silver so high, the value is much higher than the face value.

Thanks.

Bob
pre '64 coins are 90% fine. (90% silver). weigh the coins. multiply by 0.9 and you have the weight of silver... multiply that by spot silver price (~$31.88) and you have a rough idea what its worth...
Old 11-26-2011, 04:44 PM
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I don't think I would be melting them down untill I had a dealer look them over first. Find a guy who has been established in your community a while, and go see him. Knowing the price of silver, you will at least know the minimum value. Who knows, some of them may be more valuable....even if they are circulated.
Old 11-26-2011, 04:46 PM
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Originally Posted by SimonFL View Post
pre '64 coins are 90% fine. (90% silver). weigh the coins. multiply by 0.9 and you have the weight of silver... multiply that by spot silver price (~$31.88) and you have a rough idea what its worth...
so a silver nickle (5 grams) is worth about 5 dollars, not a bad investment at alll
Old 11-26-2011, 05:56 PM
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Originally Posted by spliffskiff20 View Post
so a silver nickle (5 grams) is worth about 5 dollars, not a bad investment at alll
roughly dimes / quarters / half dollars and silver dollars from pre-64 are worth 22x face value based on silver content

Silver nickels are lower silver content (30-35%... too lazy to google) and were only made for short period in WW2 iirc... I have no idea if these have greater collector value or silver value.

todays nickels are worth more the 5 cents in nickel ore...
Old 11-26-2011, 08:11 PM
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Originally Posted by SimonFL View Post

todays nickels are worth more the 5 cents in nickel ore...

I think it is the copper -- today's nickles are mostly copper (75%) with a nickle coating (25%). And yes, they are worth more than a nickle each - melt value something like 7.4-cents. We had a thread going about this not too long ago.
Old 11-26-2011, 09:03 PM
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As stated above have them checked at a coin dealer. Before my Father in Law passed away he gave me two silver dollars, when I had them checked out and the coin dealer offered me close to 6 grand for both coins I thought I was going to pass out. Still have them. Hopefully I can pass them down to my grandkids.

Last edited by Phil K.; 11-26-2011 at 09:54 PM.
Old 11-26-2011, 09:50 PM
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I had 2 silver dollars - both dated around late 1800's - in VERY good condition.

Called a coin shop and was told (without examination) they were worth about $14 each.

Gave them to the kids to hang on to.

Regards,
Old 11-27-2011, 10:50 AM
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Hi Guys,

Thank you for all the input. I have about 6 pounds of the stuff. My Dad owned a liquor store and these were coins that ran through the register and he kept the silver. I have a copy of the Red Book of US Coins and most of these coins are too numerous and worn to be of value as a collection piece. There are some Morgan dollars, back to 1880. I will run them by a coin shop, but most of the value is in MS or PF grade.

Phil K. You scored big time with your two coins. That must have been an awesome to hear that.

Thanks for all he feedback.
Old 11-27-2011, 01:20 PM
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You certainly don't have to melt coins to sell them for their metal content. I am pretty sure that any one ounce coin of pure silver or gold would be worth more than a one ounce lump.
Old 11-27-2011, 01:31 PM
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keep the coins as coins.


50 years from now your son will like them better than you having melted them. RIght now you see them and think of your dad - what will you think of when you melt them? What would you want your kid to think of when he sees them?


unless you need the $ to feed yoru family, save them.
Old 11-27-2011, 04:19 PM
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Came across some as well from my Mom's house. Some my Dad had over the years and have not clue how much they are worth

There are a couple dated 1883 or 89 as well as some wheat pennies and quite a few quarters and a bunch of half dollars that were all pre 70's

Thought about taking them by a coin dealer but just decided to put them in my safe and pass them down the road.

Still curious as to what they are worth though
Old 11-27-2011, 07:26 PM
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RNJ, You make a good point on the family heritage point of view. I have 5 siblings that may want the money. They have been sitting around gathering dust. My son may want them to be a part of his legacy, so I may sort through them and take a few for him and talk to the others and find out their wants.

I would not melt them myself. There are buyers everywhere wanting old coins and jewelery.
Old 11-28-2011, 12:27 PM
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My gparents had a buch that got stolen when their house was broken intoi but there was one silver dollar from 1881 that they had at a place getting put into a belt buckle for me. Glad i have it.

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