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You’d lose out on the additional melt value of your silver coins (and the bank would gain it). For example, your 90% silver quarter for a recently minted silver clad quarter that’s worth exactly 25 cents. If you were to take your coins to the bank, they would swap them out for coins of equal face value. No, banks do not broker or buy junk silver coins.
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Can I sell junk silver coins to the bank? You can also call us at 90, and we can give you an estimate over the phone. You can check the spot price of silver for the day to get an idea of what you might get for your coins. Junk silver coins are only worth their melt value. Without that margin, the business would not be able to stick around so you could have a place to sell your junk coins! How much can I sell junk silver coins for? Why? Well, whoever you’re selling to needs to cover overhead costs to purchase your coins and make a small profit too (very small profit). Usually, no matter who you sell to, you receive an amount below spot price. The process typically takes less than 10 minutes from the time you walk in the door to the time you walk out with cash in hand. We, at Memphis Gold and Diamond Buyers, buy all coins that are gold, silver, or platinum, and especially buy small or large quantities of junk silver coins. The buyer will check the dates and weight of your coins to confirm authenticity, and then make you an offer. Find a gold buyer or coin broker you trust with a solid reputation. Selling junk silver coins is very quick and easy. coins that are 90% silver and 40% silver, including the years they were minted in and the weight specification.
#SOLID SILVER COINS FOR SALE FOR FREE#
Of course, if you’re ever unsure, you can always bring your coins by our store, and we can do a quick check for free with no obligation to sell. View the chart below in the next question to see the weight specifications for each U.S. It’s likely due to typical wear and tear. If the weight of your coin fluctuates just a bit, don’t fret. Your coin should weigh very closely to the specification for each coin. If you just see faint traces of copper, then it’s possible your coin is 40% silver.Īnother test we use to determine the validity of coins is to weigh them. If you see a copper (or reddish) stripe, then the coin is silver clad. If you see a solid silver strip, then you can be confident it’s silver. dimes, quarters, half dollars, and dollars minted before 1965 are 90% silver. One way is to check the date on your coin.
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How do you know if a coin is silver or not? coins that contain 40% silver, like the Kennedy Half Dollar (1965-1970) and the Eisenhower Silver Dollar (1971-1978). Such as the Barber Dime, Mercury Dime, Roosevelt Dime, Barber Quarter, Standing Liberty Quarter, Washington Quarter, Barber Half Dollar, Walking Liberty Half Dollar, Franklin Half Dollar, Kennedy Half Dollar (minted in 1965), Trade Dollar, and Peace Dollar.īut, it can also include U.S. In other words, any coin worth only it’s bullion (or melt) value would be considered junk silver. Junk silver are common-date coins that are graded below the threshold considered collectible. Read below to get the answers to the most frequently asked questions we hear about junk silver (or 90% silver coins). We get a lot of questions about junk silver, and many people don’t know that they could be sitting on cash when it comes to their old coins. At Memphis Gold and Diamond Buyers, junk silver is one of the most common items we buy – especially when the price of silver is at a record high.