What is a fair asking price for dug up silver coins?

Dan(NM)

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Back-of-the-boat

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Melt value is $23.83 an ounce so you could weigh them up, but you can add an additional percentage of your choice. But it also depends on the % of silver in them wether 90%, 40% or 35% nickels or just do it as a complete lot. I sell mine at the coin store and they give 85% of melt I am O.K. with that but you can shop around to see who gives the best rate.
 

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Dan(NM)

Dan(NM)

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Dec 3, 2014
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Melt value is $23.83 an ounce so you could weigh them up, but you can add an additional percentage of your choice. But it also depends on the % of silver in them wether 90%, 40% or 35% nickels or just do it as a complete lot. I sell mine at the coin store and they give 85% of melt I am O.K. with that but you can shop around to see who gives the best rate.
Thanks for the input.
 

unclemac

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Oct 12, 2011
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of course it all depends on condition and date. Look at EBAY if you plan to sell them one at a time, go to advanced, plug in your denomination and date and then click "sold listings". That will give you an idea on each one. There is a lot of cruddy stuff being bought every day on EBAY.
 

1637

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please dont melt them. they are gone forever. maybe sell on ebay in lots of 25 to 50
 

dejapooh

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You can go to Coinflation.com and find out the value of the silver today. The problem with selling on ebay is the 12% to 15% seller's fee, which means you'll have to get about 20% above the silver value for it to make any sense. You are better off selling to a local silver stacker at Coinflation.com price. Typically the sell for a bit more, so melt value would be a good buy, and a good sell.
 

fistfulladirt

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please dont melt them. they are gone forever. maybe sell on ebay in lots of 25 to 50
Not too how much 90% junk silver is melted nowadays, wouldn’t seem cost effective at all due to the raw high premiums already commanded by 90%, vs refining costs.
 

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