Do you sell your common silver coins?

[Newfiehunter]

Do you sell your common silver coins from the 1950's and 60's? I've been thinking about selling my more common silver to buy a Garrett Pro pointer and a few accessories for detecting. Is it a good time to sell your silver? There is a company that offers $12 per dollar for silver coins. Is that a good price or can I do better and wait to see if the price of silver gets even better?

However I am wondering if I will regret it later. The silver coins are sitting in a box but it seems hard to part with them for cash after working hard to find them. It is a dilemma indeed. What do you do with your silver? Any advice.

 

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[DanRiverMan]

I personally dont sell mine but I understand anybody selling anything that they find including relics..

As far as price goes, $12 per dollar face is WAY TO CHEAP..Maybe close to double that..You probably could get the most from ebay but it has its problems that go with it..

scott

 

[sleepwalker]

now me i would sell them to pay off the detector bill......however it is predicted that silver will increase in value....HH

 

[poftravel]

Check Current Melt Value Of Coins - How Much Is Your Coin Worth? for the melt value for silver and gold coins. eBay is a great resource if you check completed listings you can see what things really sell for.

 

[gleaner1]

Don't forget, Canada silver coins are sterling.

 

[sleepwalker]

Don't forget, Canada silver coins are sterling.

whats the difference between silver and sterling silver? sorry for a dumb question ....HH

 

[TerryC]

Sterling is PURE silver. A one ounce sterling coin is worth at least the spot price. A US coin that is 60% silver is worth at least 60% spot. Buy a "blue" book of coin values or a red book. Most coin dealers will buy for about 75% spot. Many current silver or gold coins will be listed something like.... bullion plus 4%... or so. Do your homework before giving up ANY coin. BTW: a one ounce walking liberty gold coin looks "lighter" in color than a maple leaf because it is heavier than one ounce. The US adds other metals to strengthen the coin. Canada does not add anything. Your question is NOT dumb. Dumb is not ASKING the question. TTC

 

[bazinga]

Sterling is PURE silver. A one ounce sterling coin is worth at least the spot price. A US coin that is 60% silver is worth at least 60% spot. Buy a "blue" book of coin values or a red book. Most coin dealers will buy for about 75% spot. Many current silver or gold coins will be listed something like.... bullion plus 4%... or so. Do your homework before giving up ANY coin. BTW: a one ounce walking liberty gold coin looks "lighter" in color than a maple leaf because it is heavier than one ounce. The US adds other metals to strengthen the coin. Canada does not add anything. Your question is NOT dumb. Dumb is not ASKING the question. TTC

Sterling is NOT "PURE silver."

Sterling is 92.5% silver. The vast majority of US silver coins are 90% silver with some being 40% (1965-1970 halves among others) and some being 35% (war nickels). I'm not aware of ANY us coinage being 60% silver??

 

[Charlie P. (NY)]

Haven't yet - but then again I'm not sure why I keep them. I spend the clad and keep the silver.

 

[U.K. Brian]

If its common or clapped out then you might as well sell, though silver has joined gold in taking a drop of late. I remember them forcasting big gains in the silver price several years back and it continued to bump along the bottom for years. People lost thousands in interest in the meanwhile.

 

[deepskyal]

Sold my sliver back in the 80's...I regret it now. Yea, It may seem worth while for the few bucks you get for it to pay a few bills or whatever, but one day you'll look back and wish you never did.

Al

 

[Newfiehunter]

Canadian silver is 92.5. So I would assume that is considered sterling since on some jewelry you see "sterling 925".

I'm really debating whether or not I should turn them in. They are just sitting in my box however that being said, it would be a shame to see these coins melted down just for the silver content. Would be nice to get some additional equipment such a Garrett Pro Pointer.. If the price of silver drops, then I'd lose out.

It seems like silver is becoming more in demand for electronics and circuit boards. They say silver is the best conductor of electricity.

Anyway thanks for the info and advice! But I won't be selling for $12 per dollar of silver. That is giving it away! HH

 

[TerryC]

Sterling is NOT "PURE silver."

Sterling is 92.5% silver. The vast majority of US silver coins are 90% silver with some being 40% (1965-1970 halves among others) and some being 35% (war nickels). I'm not aware of ANY us coinage being 60% silver??

Thank you Bazinga, for setting me straight. Goes to show how little I know, or thought I knew about the common content of precious metal coins. I apologize for any misleading or downright false statements made by me. Although not intentional, it is clear my knowledge of coinage is noy correct. TTC

 

[fistfulladirt]

Don't forget, Canada silver coins are sterling.

True, but 1919 was the last year for sterling in dimes, quarters, and half dollars. In 1920, they changed to .800 silver.

 

[boris]

I have heard somewhere sterling has copper added for strength? seems to have a little yellow color?

 

[fistfulladirt]

I'd probably be happy to get 12 x face for some of my canadian silver, seeing how some of the 1968 canadian coins are only 50%.
Between 1920 and 1966 80% silver.
1967 - 80% and 50% silver.
1968 - 50% silver and 99% nickel.

 

[Newfiehunter]

Hey fistfulladirt..

That $12 per dollar of silver is pre 1966 and earlier. It is $6 per dollar for 1967 coins and $5 per silver dollar for 1968 coins.

 

[fistfulladirt]

Hey fistfulladirt..

That $12 per dollar of silver is pre 1966 and earlier. It is $6 per dollar for 1967 coins and $5 per silver dollar for 1968 coins.

Ouch! Spot price would be right around $20 per $1 in coin. Newfie can you shop around for a better price? If you have to sell, ya do what ya gotta do. Good luck.

 

[Newfiehunter]

Ouch! Spot price would be right around $20 per $1 in coin. Newfie can you shop around for a better price? If you have to sell, ya do what ya gotta do. Good luck.

Thanks Fistfulladirt...Actually I checked out what the real worth on a site that calculated the value. You are right..I'd be taking a heavy loss...Think I may hold on to the silver awhile longer and see what happens..