What is the best way to dispose of pre-'64, 90% silver coins?
April 16 2012 at 2:30 PM
Larry Schmidt (Select Login CSMO) HyperScale Forums from IP address 184.108.40.206
I have a few circulated silver dollars, halves, and some small change that I got from Mom and Dad's estate. What is better,1) sell for the silver value, or 2) sell the coins themselves(on e-Bay)? How can I find the market value on the silver? Adios, Larry.
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This message has been edited by CSMO from IP address 220.127.116.11 on Apr 16, 2012 2:31 PM
Lee Griffin (Login leegee_77) HyperScale Forums 18.104.22.168
Need to know what the coins are...
April 16 2012, 3:00 PM
It's best to take them to a reputable coin dealer and get them appraised. Chances are they have little collector value, especially if they are circulated, but you never know: You may have something that commands a little higher value.
In general, the bullion or melt price of silver has swamped out the collector value, so you would probably get something around the spot price of silver for them.
You can look up values online, and spot silver price is just a GOOGLE search away. But you need someone in the business to grade the coins. As I stated above, unless it's a real rarity, a coin that has been in circulation is probably not going to have much if any collector value.
Is there a coin shop (preferably more than one) in your town? It won't cost you anything to drop by and have someone take a look at what you've got. Sometimes a coin will have more in sentimental value than collector or silver value.
Larry If you want to shoot some pics I can try and compare
April 16 2012, 3:16 PM
to my book and give you a best guess. Silver dollars (not the clad ones) are selling at melt value of around $39.00 If it is a rare date/mint then I would take it to a coin dealer. Same for any of the others. I believe a coin dealer would give you a collectors value but if you want to sell to him he is going to cut that so he makes a profit on the sale. If they are not of collectable value, I imagine he would pay melt value on them too. I had a bunch of old silver dollars, none of collectable value so I just dumped them at one of those "we buy gold and silver" joints for melt price. Got around $500.00
I took mine to a very reputabel coin / silver dealer in my town
April 16 2012, 3:33 PM
He assessed them for collector value and silver content.
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