If anyone has Silver Coins, specifically Dollar coins, new or old, I am in the market.

PM is cool

K

Sent you a message.

Is silver purchased for the spot price of the coin? And how does one determine if a particular coin has more value because of how/where/when it was minted?

One dollar of face value silver coin (i.e. a silver dollar, or 4 silver quarters or 10 silver dimes) generally contains 0.9 ounces of silver. So if selling a dollar coin, look at spot price of silver and multiply by 0.9 to obtain silver value content. Coin value as a collector item can be determined through several magazines or web site but condition of coin will ultimately play heavily in it's value. A reputable coin shop can give you a collectable value.

PMs answered

Numismatic is a tough game to play, if you're in it for profit. Lots of fakes, cheats, etc. If you stay as close to spot as possible, you should be ok. If you're an investor, numismatic value typically means nothing to you. BUT, if you really like coins, history, etc., then accept the hobby for what it is and enjoy. Collector sets don't generally gain in value, because there were many sets made/sold.

What is the spot price lately?

Actually, this is incorrect. While many coins up through 1964 contained 90% silver, the face value/silver calculation works out to about .715 toz of pure silver per $1 of face value of "junk silver" coins (generally dimes, quarters and halves).

Silver is currently $22.79/toz.

https://www.usgoldbureau.com/pre-1965-us-silver-coins

today 1 morgan dollar = $17.56 spot most dealers around here add $3 or $4 to that

Morgans and peace dollars bring 30 to 40 $$. CC morgans over 100.00. Let me know where I can buy them for that price would like to buy some.

Thanks

Ebay

I've been buying junk coins there for at or near spot price. I don't care about collector value; just melt value. Search "silver dollar lots", place your bid, and every once in a while, you'll win one. Half dollars seem to be cheaper for the same amount of silver they provide.

What`s a ballpark estimate on these silver dollars.
How do you determine if coins were minted in Carson City?


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The back of the coin will have a letter stamp denoting where it was minted.

"CC" for the Carson City Mint in Nevada, "S" for the San Francisco Mint in California, "O" for the New Orleans Mint in Louisiana, and "D" for the Denver Mint in Colorado

I’d pay $100. You could probably beat that by a bit if you found the right buyer or if one or more coins happened to be a rare date or mint.

Ok, but what would you sell them for ?

I have a [bleep] load of Morgans and Peace dollars my grandmother hoarded. I dont think any key dates though.

do the 1776-1976 dollar coins have any value beyond their face value?

This is the correct way to figure it. For ever $1 face its .715 Troy ounces of actual silver. Most 1964 and before are 90% silver. If you take the $22.79 above and times it by .715 you get $16.29 worth of silver at spot in 10 dimes or 4 quarters etc. Most of it brings a bit more than spot say spot plus $2 or $3 lately but I've seen it as high as spot plus $10 at times. I like mercury dimes and the last bag I bought worked out to about $1.90 per dime with the premium mark up.

Bb

It varies wildly on dollars depending on date mint mark and condition. The condition is the hard part for me to tell. I had a bunch of really nice looking Ines and it turned out they had been cleaned which really hurt their value. These days about any Morgan or peace dollar is worth $25 even for junky common ones. They can go way up from there.

Unscrupulous shops can really take advantage of you on them. I bought close to 500 Morgan silver dollars from a guy about a dozen years ago. I didn't know the market vary well and wanted to sell 75% and keep 25%. I had to buy them all to get the deal and that tapped out my cash that month.

I took them to a shop to sell some and after I left a collector that followed me out said the shop really took advantage of me on some. I made a bit on each one over what I'd paid but I don't use that shop anymore. They had lied to me before on a deal and I thought the owner was a friend but I had to stop doing business with him. I still have about 120 from. That bunch but as I said some have been cleaned.

Bb

A couple of folks have messaged me, and I am interested in your items. I'm not looking for single coins, or family heirloom items. I need to clarify my post, apparently:

I collect coins, and I invest in silver and gold. My collection type items are mainly silver dollars to include Silver Eagles, Morgan, Peace, seated liberty. Otherwise everything else is silver spot plus 10%.

Collection Halves to include all Walking liberties, Franklin, Kennedy (silver only), all else is spot plus 10%

some quarters, it depends.

There are Numismatic values and there are bullion values. Most of the above posts start blending the 2 topics.

If you have either of the Bullion items, or Collector items, I am still interested. these things get heavy so shipping costs playa factor, especially in the bullion stuff, most places like JM Bullion give free shipping on $200 or more, so that's an issue.