Turn Your Old Gold Into Cash!

How To Sell Silver Coins

Are you seeking for affordable investments? Why not try collecting Silver Eagle Bullion Coins? These coins are enticing and they are not that overpriced. True enough, many are tempted to invest in silver coins as they are not as turbulent compared to the common stocks and bonds.

Of all the silver coins out there, why Silver Eagle Bullion Coins? As mentioned earlier, these coins are not as costly as the others. If you have circumscribed resources, it will be easier for you to invest in these beautiful items. More and more people are gaining credence with these coins. With that said the Silver Eagle is accounted as the world's best-selling silver coins. Ever since 1986, over 130 million coins have already been sold worldwide.

Let's Scoop Dipper And Find Out The History Of This Precious MetalThe Silver Eagle first circulated in 1986 as part of the program authorized by the congress in 1985. The design of this marvelous piece is copied from the Walking Liberty Half dollar that circulated in the US from 1916 to 1947. The artist behind this remarkable piece is Adolph A. Weinman. Conversely, the reverse side of the coin the one being featured is the Heraldic eagle, a masterpiece of John Mercati.

How To Invest In American Silver Eagle

US Government CertificationThe American Government guarantees the weight, arrangement and purity of the American Silver Eagle. This coin contains 99.9 Percent pure silver. It actually needs no valuation. This coin is readily converted to cash at any time you wish to sell.

Things You Must Know Before Investing

It is basic to understand that the American Silver Eagle is not sold directly to the general community. Conversely, the US Mint distributes the bullion coins to bullion dealers who are approved to buy in bulk quantities. Hence, they can sell these precious pieces to other dealers, collectors and to the general community.

Minimum Purchase Of This Silver Bullion

In nearly all dealers, the lowest possible purchase is 60 ounces. But, if your resources is constricted you may order under 60 ounces. Then again, do not be surprise if it will have a higher premium and if the company will charge you on shipping costs.

Wholesale Or Per Piece

Know your resources before you purchase. If you have limited budget you can buy the coins individually. In spite of this the premiums are higher. On the other hand, if you hope to buy in bulk you can obtain the coins in rolls. Generally, one roll of Silver Eagles has 20 coins apiece. What a way to give as presents to your loved ones during Christmas or special occasions!

Be Acquainted With The Spot Price

Just like any other gold piece, you need to familiarize yourself with the present spot price of your chosen coins plus the accompanying premium for each coin. To get the spot price, you can confirm and check the internet or read your local paper for update.

Transact With Honest Coin Dealers Or Legitimate Websites

As a warning, do not buy from alleged fraud dealers and indecent websites and companies. Do your research before purchasing. It will be heart breaking if you find out that you are investing on counterfeit coins.

Confidently, investing is something you need to plan and give conscientious thoughts of. Many people are investing in American Silver Eagle Bullion coins as they are very captivating with so much history to tell. Check the pointers mentioned above prior to investing. Good luck!

Frequently Asked Questions

  1. QUESTION:
    where can I sell my silver coins?
    I have a bunch of non-collectible silver coins and I want to sell them but not to one of the places like cash4gold. How do you find a reputable company to sell silver to?

    • ANSWER:
      While all the answers so far are good (with the possible exception of Steve Erkel, hopefully), you should definitely make a trip to all of them and see who is giving the best price. Also look for people who make custom jewelry. They may give a slightly higher price than someone who is going to buy it and sell it for a profit to someone else who is hoping to make a profit. Remember that most coins are not the 99.99% silver ones, and the extra non-silver component is not generally paid for.

      If you can melt them and make silver bullets, maybe there is a market for that... ;)

  2. QUESTION:
    how do i sell silver coins?
    a few days ago, i was trolling around my bedroom and found an old box. inside were 15 or 20 mercury dimes and some older assorted coins. I asked my dad what they were, and he went through and told me that the brunt, besides some worn-out buffalo nickles, were partially made with silver. I immediately went on the internet and found out how to tell, which lead me to have quite a little collection.

    My father told me I could hold onto them, sell them, put them back, whatever I wanted. Now, I know there are shops that sell collectible coins, and since researching, I know of the grading system they use to say how 'mint' the coin is. The college student in me would like to sell them. Anyone out there know where I could possibly get the best deal or how I would go about selling them? The only thing I wouldn't be willing to do is go to a convention. I'd wanna move them ASAP, selling for their 'melt' value (that's what i'm guessing it's called)
    In the end, i don't care if i'm turning a profit of or , I just want to know how to sell them. If you need amounts, i can send them. I Currently have the coins in plastic sleeves here for safe keeping
    In the end, i don't care if i'm turning a profit of or , I just want to know how to sell them. If you need amounts, i can send them. I Currently have the coins in plastic sleeves here for safe keeping

    • ANSWER:
      Easiest thing is to find a local coin dealer, and ask what they're paying for "junk" silver. They'll probably tell you something like "22 times face value". Then, all you have to do is figure the face value of the silver, multiply by (in this case) 22, and you know how much you'll get for the silver. However, if you have some better priced coins, you'll want to sell those separately from the junk silver.

      The Buffs and any non silver are a little harder to figure, because their value is going to depend on the year, the condition, and where they were minted. As a rule with the Buffaloes, if the date is worn off (a common problem) a dealer will probably give you $.15 to $.20 each for them.

      Really, the easiest way is to sell them to a dealer. No fees, and no waiting for your money. Walk in with coins, walk out with cash.

  3. QUESTION:
    I have some old coins to sell ( silver quarters and such). How can I be sure not to be ripped off?
    I don't believe they're valuable enough to pay for a professional appraisal.

    • ANSWER:
      Probably you should go consult the person at the local antique shop *telling him/her that you will not sell it to them* so that they stay an impartial judge.

  4. QUESTION:
    Where to sell Silver and Gold coins for CASH money!!?
    Ok My grandfather passed away and he left me a chess full of silver and gold coins.... i know they are worth a lot of money, but i dont know who to sell them to or how to turn it into cash? can someone help me?
    ITS REAL GOLD AND SILVER GOT IT TESTED!

    • ANSWER:
      My friend sold a bunch of her silver, gold and platinum. I don't know what the best thing to do in your situation is.
      My friend compared of online places, and she found one she really liked. It is a member of the BBB, featured in USA Today, and has a great reputation. Plus, they were willing to give her the most money, and paid her fast. I will provide the link for you below. There is a lot of great information on the site.
      Good Luck! Hope you get what you want for it!

  5. QUESTION:
    How do you sell silver at spot price (or close to it)?
    I have lots of silver coins I have been trying to sell. I have seen that silver is close to /oz. but most people want to pay significantly lower. Wheres the best place to sell, or how do i get the best price?

    • ANSWER:
      Best bet is to try a local coin shop. You will not get spot price as the shop cannot resell immediately at spot. My guess is that .50 under spot is about the best you can expect.

      After shipping and insurance cost, I doubt that you would do better on ebay (or elsewhere). Better to get paid right away if you like today's price.

  6. QUESTION:
    does every bank sell gold/silver coins?
    i was thinking of buying some gold or silver coins or just gold/silver period to have for a investment, how much do gold or silver coins cost? and where can i get them? banks? coin shops? and is it true they go up in value?

    • ANSWER:
      In some countries, the current bullion coins are sometimes available at banks or post offices, but the US isn't one of those countries.

      Probably your best bet would be a coin shop. If you're looking toward just having some precious metal, and don't care about any numismatic value, you're going to want to look at "bullion" coins. The price is going to vary based on the "spot" price for gold and silver. Right now, that's 67 and .55 per troy ounce.

      If the value of gold and silver go up, then the value of the coins goes up. If it goes down, then so does the value of the coins.

  7. QUESTION:
    How much would a silver coin sell for?
    I have a silver morgan one dollar coin. I was wondering how much I could get from it at a pawn shop? Its in good condition (from what I see) it has a golden shine to it.
    It's a 1921. I have no clue about the tarnish or whatever. I found it when I was cleaning my father's house after he passed. Did some research and found out it was a morgan silver dollar.
    It also has a VERY small "S" beneath the wreath on the back. Not sure if that means anything or not.

    • ANSWER:
      Most Morgans are very common and are often worth little more than the silver melt value if they are in average shape. Your 1921 S is worth -20, maybe a bit more if condition is outstanding, i.e lots of luster, extremely minor wear, etc. But of course it would be worth more if it was in high uncirculated condition, say MS-60 or above. The S mint mark means it was coined in San Francisco

  8. QUESTION:
    Is it possible to melt my silver coins down and sell them?
    http://www.coinflation.com/coins/1964-Silver-Kennedy-Half-Dollar-Value.html#meltvalue

    I found a bunch of 1964 silver half dollars made of mostly silver. According to this, I could melt them down and sell them. Is that possible? How would I go about doing that?

    • ANSWER:
      You could, but there really isn't any reason to do it. You can take them to a coin dealer, and sell them for very close to the melt value. If you take them in as coins, the dealer knows that what he's buying is 90% silver, and he can calculate the value accordingly. If you melt it down, and try and sell the lump of silver, the dealer has no way of knowing the purity, so you'd end up getting less than you would if they were still coins.

      Also, depending on the condition, they may be worth more as collectible coins than just the silver value. You'd lose that if you melted them.

      And it's not currently against the law to melt silver coins. There is a section of the US code that allows the Treasury Secretary to make rules prohibiting melting, but currently the only rules prevent melting of cents and nickels. The idea behind the rule is to prevent people from pulling the coins out of circulation and melting them, which could lead to a coin shortage if it's done enough. There aren't enough silver coins still circulating to hurt the coin supply, so the rule doesn't prohibit melting those.

  9. QUESTION:
    How much would I get for 1 ounce of silver? coins.?
    i want to sell some silver coins. How much would I get for 1 coin? each coin is 1 troy ounce of silver.

    • ANSWER:
      You'd get what silver is going for, today it was 13.32 an ounce.

  10. QUESTION:
    Where can I sell my Silver Dollar Coins...?
    How do I know if I try and sell them that they won't just grab them and take off...wondering where would a good meeting spot be good..? The police department..maybe..give me ideas..also who do I sell them to..there are so many listings on Craigslist...but don't know who to sell them too..Thanks any advice would help..Thank you... :+)

    • ANSWER:
      A reputable local pawn shop would be your best bet.
      A call to the police station might get you a name.
      Also local coin dealers. You might check the Better Business Bureau before contacting either of them.
      Good luck!
      Al

  11. QUESTION:
    How do I go about selling coins that are old? Like silver dollars, quarters, silver certificates.?
    Have a friend that is looking to sell his old coins and silver certificates. How do I go about this without getting ripped off?

    • ANSWER:
      Lot depends on the quality of the coins. If they have a lot of wear then they are most likely more valuable as silver then as Old Coins. You would get the most by selling at a coin show if you want to sell the coins. A dealer will give you an estimate but be aware they want a profit also.
      Of course you can sell them on Ebay.

  12. QUESTION:
    HOW MUCH R THE SILVER COINS TO SELL?
    I WOULD LIKE TO NO HOW MUCH IS SIVLER COINS WORTH TO SELL FROM THE 1907

    • ANSWER:
      What type of coin? In what condition? From what country?

  13. QUESTION:
    how to open a shop to sell coins & gold & jewelry?
    help! some things aren't clear to me, i know that you can sell your precious silver and gold coins on ebay or other retailer(coin shops)
    BUT what i dont know is that do you need special certifications or anything else to open your own coin shop to sell and buy jewelry, silver or gold

    sue-

    • ANSWER:
      Inquire at City Hall of your town.
      Suggest you also write a business plan before you open your doors.
      Also: Are you educated in precious metals and numismatics?
      Very serious prerequisites....if you hope to derive a Profit.

  14. QUESTION:
    Where can you SELL silver at actual spot price? Coin dealers will sell but when the price goes up (say 4xs) ?
    coin dealers are willing to sell you Silver Eagles at when spot is but if spot goes to 0 where are you going to sell them? i overheard the coin dealer offering to buy a Eagle at when spot was . So ok they make a profit - but if it goes way up and I want to sell several thousand dollars worth why should they buy it? I mean I am a store owner, I sell a product, I would just sit out the highs...I mean why would i buy your silver coin at spot and tie up my money (say ,000 +) to wait to sell it just to make or so dollars per sale - I mean geez how long would that take? Would I really want to tie up my money like that? I don't know - I'm new at this - I don't get what I am going to do with silver eagles when I feel it time to exit the market?

    • ANSWER:
      Large dealers are brokers. They turn a profit by trading, just like a stockbroker. They will buy at spot less commission to have inventory to sell at spot plus commission. No inventory, no commission. ALWAYS take possession yourself of your coins and use your own vault, safe deposit box, etc. Years ago a bullion broker charged to store the gold for people and sold it in a ponzi type scheme. People lost everything.

  15. QUESTION:
    Price of silver per. oz.?
    How much are they paying for silver an oz. Where is the best place to sell silver coins? What is a titanium L 5 millennium coin worth? It is a collectors coin with Queen Elizabeth on it and it is a 1999 coin.

    • ANSWER:
      The L 5 millennium coin can be worth more than its scrap value if its in demand. Honestly the best way to start is to go to ebay and see if you can find one for sale. follow the sale and see what the final price is. Do that five or six times and take an average of the price and that will be a good estimate. A good coin collector store should also be able to give you an estimate of the market value, they however pay less because they need to turn around and sell it at market in order to make money. The best price comes from selling it directly to a collector.

  16. QUESTION:
    How is it some silver is more valuable than other silver?
    I am getting into investing into silver bullion/rounds. Today silver closed at .01. I saw today APMEX.com was selling 1oz silver rounds for .66. A mere $.65 cents over SPOT. While browsing products I noticed that they were also selling silver coins for: .17 per 1oz.. because there were "Off Quality, Cull, Damaged, Cleaned, Polished, etc!". Regardless of this, they're sill 1oz of pure silver. How is it they sell these for .84 cents cheaper than the price of silver?? no matter what the quality, isn't it sill silver?? I don't understand this. If anyone chould shed some light, I'd be more than thrilled to know why.
    ** If they were to take said damaged silver and melt it down into a bar.. By doing so wouldn't it separate the silver from any impurities and make it just worth its ounce weight again?

    • ANSWER:
      Only buy pure silver .999 from reputable places and you cannot go wrong.

  17. QUESTION:
    How to Sell Silver Spoons?
    I recently found some silver spoons.
    Is there a website on how to grade the silver?
    How would I sell them and for what price?
    I know they're not coin silver, and they are actual silver.
    ( 1847 Rogers and 1 Rogers and Sons)
    What would be a good price to sell them for?
    Should I clean them or leave them as is.

    • ANSWER:
      Go onto Ebay and look other spoons of the same grade and age and see what they are selling for, or go to a dealer you feel you can trust and ask for a valuation. Rember the cost of silver is rising like gold, so don't be talked into parting with them until you're absolutely sure you're getting the best deal.

  18. QUESTION:
    Do silver proof coins hold more value than the underlying commodity?
    I have quite a few silver proof coins that I want to sell, but I am concerned about selling them for their silver value, rather than their value as collectible coins. How can I get the most money? Selling to a silver dealer, or coin dealer?

    • ANSWER:
      Silver dealers know more about the collector value of proof coins than they want you to know they do, because they see a lot of them, and when they take them in for scrap price, they profit nicely. So that is the last place you should take them.

      However, not all proof coins carry significant premiums over the 'melt' value, and even less so in roaring times like right now. The proof silver eagles have seen their collector values rise along with the price of the metal, though not as steep. Here's an example:

      In 2004. that year's silver proof eagles were going for about three times the price of silver, ( I know, because I bought a bunch of silver coins, proofs and business strikes, from 2004-2006) which averaged for most of the year. That price is just under today's price of silver. Were the same ratio in play today, a 2004 proof would be worth around . In recent days, they've been bringing around - on eBay. That's still double, or a bit more, than the market rate, but not three times as much.

      This applies only to some eagles, not scarcer dates which do sell for more, and it does not apply to other US commemorative proofs, which also have low mintages that bring significant collector premiums.

      But there are examples of proofs with little collector premium. Here's one:

      The 1982 George Washington commemorative half dollar was the first 90% silver US coin minted since 1964. But collectors don't seem to care. They came in uncirculated D mint and proof S mint, and there is almost no difference in value between the two. They are worth just under in silver as of now. The best price you will see on eBay is a 10% premium, but the average is right around bullion at the time of sale. People on eBay who are selling single coins are losing bigtime on these, because, while people are paying for them, the seller is seeing only (before fees), and the other goes for shipping - and the seller loses about 3% of that, because Paypal takes its fee on the total amount paid, not just the bid.

      A good dealer will know and treat you fairly, but a good dealer also still needs to make a profit.

      I recommend eBay only if you're experienced at it. Fees, and the lower price a buyer will pay for a particular coin because of the added postage cost, can eat all of the extra money you might get over a dealer's offer.

      Just stay away from the 'We pay the highest prices for gold and silver' people.

  19. QUESTION:
    How can I sell U.S. Morgan Silver Dollar coins?
    I have a few 1971 U.S. Morgan Silver Dollar coins, and I was wondering if there was a way I could mail them to a specific place that would buy them.

    • ANSWER:
      The last Morgan silver dollars were dated 1921. If you have dollar coins dated 1971, they are the Eisenhower type, which generally isn't silver.
      You don't have a coin shop locally?

  20. QUESTION:
    how do I find out what the price of silver is?
    I was wondering how much money I could get for selling my silver coin collection, and I was wondering if this would be a good time to sell them?

    • ANSWER:
      You can check the spot metal prices online with a simple search.

      Kitco is one of the primary online resources for Spot Metal pricing reference:

      Keep in mind there are 2 main spot metal trades: New York Spot and London Fix. The London Fix prices tend to be used more for corporate international trade pricing.

      www.kitco.com

      Coins on the other hand may hold more value than the base metal, but you'll have to find someone experienced in that area for accurate research and pricing.

  21. QUESTION:
    Investment grade silver coins and large diamond... How to sell?
    We have a shoebox full of investment grade silver dollars and one large diamond we bought MANY years ago for investment purposes. What is the best way to get them appraised and sell without getting ripped off?

    • ANSWER:
      You don't want to get ripped off? that makes it hard. So much of the value of both depends on quality. That's why coins and especially diamonds are such lousy investments. The dealer's assessment of the quality will often chang a great deal depending on whether he's descibing a coin/stone he's selling or one he's buying. (They can find all kinds of defects when they're buying.)

      The coins, in order to get maximum value on ebay, need to be graded. That means sent to an independent coin grader, who will issue a rating and seal the coin in a plastic "slab". You will pay a fee for this.

      The stone, you just have to take from jewler to jewler and ask for offers.

  22. QUESTION:
    I have old US coins and other coins dated 200, 80,50 years ago. How can I sell these coins?
    During 1900 to 1945, Philippines is a clony of US. US coins were used with the letterings "United States of America, Pilipinas", coins dated 1906 to 1945. I have other silver coins dated 200 years ago. I plan to sell them. these coins are my collections.

    • ANSWER:
      You can sell those on ebay. I think that's they easiest way.

      But before doing that research about the each coin and current value of those coins.

      Check ebay coin auction and find how to make one. you have to provide all details and history, photos of the coin, condition of the coin etc. Also better set a reserve price.

  23. QUESTION:
    I have a rare moughal emperror farukhsiar silver coin. How i can sell it at a high price in delhi ?
    I have a large coin collection and i want to sell it my cont no is 9716565745

    • ANSWER:
      There are two ways to do it. The first would be to contact an auction company but if you do that you will have to pay them a commission but you could also advise them that if you don't receive a certain price to withdraw the item from the block. The second would be contact several of the listings on the computer with a picture of the coin and no doubt either they or someone they know will be interested in it.

  24. QUESTION:
    how much would 3kg of silver coins be worth as scrap?
    i am looking to sell the coins for scrape if any one can give me some advice

    • ANSWER:
      I remember some years ago selling the old two shilling pieces (10p) because they had more than two shillings worth of silver in them, I think the date was up to 1947.

      If that's the sort of coin you have and they are later than that date and are still legal tender, they are worth more as coins.

  25. QUESTION:
    I recently received a bag of coins including a number of Eisenhour silver dollars.?
    I would like to know how much the coins are worth and why some of the coins sell for so much more than others. Thanks in advance!

    • ANSWER:
      It depends on the quality of the coin. I found a site that will help you with all of this.
      http://www.coinflation.com/coins/1971-1978-Eisenhower-Ike-Dollar-Value.html

  26. QUESTION:
    How best to sell investment metals?
    What do you do when it is time to sell your gold coins, silver bullion, pre-1982 pennies, or any other form of precious or base metal that you bought as an investment?

    • ANSWER:
      I would have to say ebay will be your best bet for maximum profit and safety if you want to take the time to do it. Depending on when you list them Ebay has been running free basic listing promos for 100 items that's when I usually list items it will save you some money. Also people usually pay a few dollars over spot for silver and gold. Im not sure what kinds of coins you have some have additional collector value and you can usually a few more dollars in addition depending. Factor in ebay and pay pal fees and time spent. There a lot of excellent large dealers out there as well as shady ones you need to research the company and if you plan to go that route when selling to a dealer expect between 5-20% less than spot price.

  27. QUESTION:
    Where do I sell my silver bars?
    I want to get the most amount of money and the coin/jewlery dealers are trying to give me a lot less than the market price. How do I get the market price for my silver?

    • ANSWER:
      Coin dealers are not paying a reasonable price? The ones around here (San Diego) pay about 90% of spot price. Since they usually sell for .00 or so over spot, that isn't that much of a profit margin. I don't think you will do much better unless you are selling to a private party.

  28. QUESTION:
    value of silver coins?
    im planning on selling my collection of silver coins, i wanted to know how much are they worth before i sell them, i already have a buyer and i want to know if they are giving me a reasonable amount for them, they are from the year 1917 and they are in an extremely good condition.

    • ANSWER:
      You can check many site online for the value of silver coins. But the best way would be to check with at least 3 coin shops. They can give you a more accurate idea of the coins worth. The links below are coin value sites if you wish to check them. Remember, you won't receive the sale value of the coins you have. You'll be offered a buyer value.

  29. QUESTION:
    ◄How much suould I sell my coin set for►?
    I recently acquired a set of silver coins. ( 1 half dollar, 1 quarter, 1 dime, 2 nickels, and 1 penny.) I am planning on selling them on ebay, but I want to know what is there worth before I sell. They came in a black case with "The Presidential Silver Coin Set" printed on the cover.

    anybody know the price range for something like this?

    • ANSWER:
      You did not mention years. It is difficult to put a value on a coin without a year. Are they proof, uncirculated or circulated? Since the set has two nickels, is it 2004 or 2005? Most US coins from the last 45 years are not silver though some years are worth more than others. You may get more help with more information.

  30. QUESTION:
    what is sterling silver compared to junk coin silver?
    how would you do the math to sell junk silver?

    • ANSWER:
      Sterling silver is, by definition, 92.5% fine silver by weight..
      US 1964 and earlier silver 10, 25, 50 cent and coins are 90% silver by weight.. For silver coins of other countries, you would have to look it up (the Standard Catalog of World Coins, published by Krause Publications, is the most commonly used reference for this).
      For sterling, calculate 92.5% of the total weight to get the pure silver weight. One troy ounce is 31.1 grams, and this morning's silver quote is .06 per troy ounce.
      For US coins, use 90% in place of 92.5%
      For British coins, they were sterling until 1922 and 50% silver until 1947. UK Circulating coins dated 1947 and later contain no silver.

  31. QUESTION:
    How do you know when you are buying gold or silver coins bars or nuggets that what you are buying is real tthe
    And when you do buy gold or silver where do you go to sell it .They say if you buy gold bars the goverment can take them from you at the going rate at the time of confication. Is this true. And do you have to pay taxes on gold.

    • ANSWER:
      You only buy from a reputable dealer. I buy my S African Kruggerands (1 oz gold) & silver bars from a local coin dealer. Buy from someone who is a known: U.S. Eagles, Canadian Maple Leafs, S African Kruggerands. My silver bars are from Handy & Harmons. They have serial numbers stamped into them.

      As far as I know, there is no national database of those that own gold. So how is the government going to confiscate these (gold & silver) if they don't know about them??

      You want to sell your gold & silver, just go back to the same person/dealer that you bought them from. I suspect you do pay taxes on any profits (of the sale).

  32. QUESTION:
    How do you know if a coins is made of silver?
    Are all old quarters, dimes and nickles made of silver? I want to sell some as scrap silver. How old do that have to be?

    • ANSWER:
      If they are made of silver, they might be worth more to a collector as coins, then if they are sold as scrap. You should take them to a coin shop and have them valued.

      Get a coin collectors guide for the values. They have them at the library.

  33. QUESTION:
    What is the best way to determine the value of and then sell antique coins? ?
    Most appraisers are dealers, so I don't think I'd receive a fair valuation. Also how to know if the weight of the gold or silver is worth more than the antique value of the coin.

    • ANSWER:
      If these are US coins get a copy of "A Guide Book of United States Coins", also known as the Red Book. In it is the net weight of pure gold for each denomination of gold coin which you can use to calculate melt value of the coins. In it is also basic grading guidelines and retail pricing for the coins in various grades. The pricing is a little stale but should work for what you are trying to do.

      I would also like to say, contrary to what you think, the vast majority of dealers will treat you fairly and provide you with as accurate a grade and value of a coin as they can. Just remember that grading coins is subjective and that a dealer will generally quote you a wholesale price and not a retail price unless you tell him otherwise. After all he is in the business to make a profit and put bread on his own table. You are his wholesale source for inventory.

      Thank you and good luck.

  34. QUESTION:
    I'm looking to sell some silver,but...?
    I'm not sure if a coin dealer is my best option. I started buying silver when it was at oz Now that it is at I was thinking of cashing some in. I plan on hanging on to the cash and re-buying when it drops. I'm not a huge investor. Just an average Joe sitting on 150oz of silver, and 5oz gold. Any help would be great. I was told by a guy at a coin shop to watch my silver/gold and try to sell, and buy as I go. I'm only looking to sell about 80-100oz's of 1oz bars & coins. Also how much under spot should I expect? Again I am new.

    Thank you for any help.

    • ANSWER:
      Try kitco, or maybe ebay. But I suspect your easiest bet is a coin dealer. Buying & selling physical silver has it's problems. You buy at a premium, and you sell at a discount. I would imagine you will get 10 - 20% under spot.

      Since you get hit with a mark-up on each silver bar you buy, I would buy 10oz bar's (or maybe larger) instead of 1oz.

      I own 10 oz silver bars & 100+ morgan silver dollars. In addition to this, I have a handful of Krugerrands.

  35. QUESTION:
    Can someone please give me some advice on how to sell coins? Plz!! Idk if they are valued at anything.?
    I have coins from five cent Buffalo/Indian heads, half & one dollar coins, pennies from the 1800's, dimes from the early 1900's, & I am guessing a silver penny not copper.

    • ANSWER:
      Go to Borders and look up the prices in a catalog, first. http://www.borders.com.au/book/2010-north-american-coins-and-prices-a-guide-to-u-s-canadian-and-mexican-coins/4460818/ They let your read all you want, bring a notepad, write down the values, take notes. If at a library, you can photocopy the page as a reference for when you go to sell.

      I don't trust most people in evaluating the price because they can gain by providing the wrong info. I've had numismatists say no one would ever provide false info, but I'm paranoid. You'll just want to know what you're selling and how much it's worth.

      I should also remind you that the prices in these books are current market value, not set in stone prices. Some people will pay more (like some coins only have 100k minted, worth , but you'll get offers for because so many want that coin) and some coins that are valued at a high amount you'll end up getting less for it on a slow week or something-- but, it does give you a much better idea of what to expect.

      If you sell to a coin store, expect them to take somewhere around 25-40%. You'll want to weigh your options. I had a gold American eagle: they offered ; I sold it for 2, but had fees. Probably ended up getting around for the extra work. Market value was about 0 at the time (about fifty people selling their gold coins, too. guh!)

      eBay is around 20-30%, but it's a sliding scale so if you're selling something into the thousands you get a better deal but get screwed on the two dollars here and there. Selling on Google shop, they appear to charge something like 3% for handling transactions and I believe another 3% for listing fees etc etc. More bang for your buck compared to eBay, but with eBay, people go to eBay all the time - it's known. Unless you're in a business and keeping a spreadsheet selling on eBay, you really have no idea how much you're spending (or wasting). Shipping fees, packaging fees, listing fees (they give you free auction listings, but price carefully or you might sell a coin for 99¢ if not enough people are around to bit on it), money handling fees (PayPal). They tend to nickel and dime you to death on eBay http://pages.ebay.com/help/sell/fees.html, but you sell much faster than other places, for the most part.

      There's also auction houses, city swap meets, craigslist (be careful), and stuff like that. Usually they have you pay a fee for setting up a shop, like a day plus parking or permits etc etc etc. Don't try garage sales. People aren't going to buy a coin and take your word for it, even IF you provide a print out saying it's worth . It's a darn garage sale - two bucks!

      Good luck!

  36. QUESTION:
    Where do junk silver coins come from?
    Where do the junk silver coins that can be bought from shops or online come from? How do they find bags of them to sell?

    • ANSWER:
      Junk silver coins are just well worn specimens. They came from the mint like all other US coins but they have been well used by people and have little or no collector value. The mint made millions of these coins each year up to 1964. Then when they quit making 90% silver coinage in 1965 people started hoarding the older pieces. As time goes by people started gathering a small bunch here and a small bunch there ... now you have bags you can sell.

  37. QUESTION:
    Convert my silver coins / rounds into silver?
    I have...
    374 quarters - 90% silver
    31 half dollars - 90% silver
    196 half dollars - 40% silver
    11 dollar coins - 40% silver

    * The combined silver weight of all this coinage is about 110 ounces.
    * I see that silver bars are sold in 100 ounce bricks.
    * The vast majority of these coins are of non-collectable value.
    * Some are in excellent condition, but they aren't rare.
    * What I would like to do is convert (either by trade or melt) these coins into a 100 ounce bar.

    Question: What is the best way to make this happen?

    These coins were collected by my aunt as change when she ran a gas station many many years ago, so most have heavy circulation wear. She gave them to me, citing their silver value a few years ago, but they've sat in my closet much like they sat in hers. I dont want to profit from the intrinsic value, I just want it condensed into a more liquid currency in case the need every arises. In the meantime, I would like keep it as an heirloom with hopes of never offloading it.

    I realize that if I was to go to the painstaking trouble of selling them individually or a few at a time, I could eventually just buy the bar with plenty to spare, but there are just too many! Melting and separating the metals is not something I'm going to be able to do, no matter how resourceful I am, so I thought I would post this question up as my first inquisitive stint on this website. Thanks in advance!
    This is a reply to Dr. Bob. I hope adding this so that it was appear below Bob's response.

    Thank you! That was very informative. I got 110 ounce weight by using a website that asked me to input quantity and type/date range of the coins.

    I will call a place that I used previously to see what options they have for me. It should have occured to me that it's not legal to melt them. D'oh! Hopefully I can find someone who is willing to make an exchange or equivalent thereof to make this happen. I'm not so much interested in the fluctuating value of silver, just a conversion of the medium. It's just more likey that someone will do this for me because silver has spiked.

    • ANSWER:
      Not sure why you think a 100 oz bar would be more liquid?? I would imagine that your current hoard, would be much more liquid & easier to spend, than a 100 oz bar. And I say this, as someone who has 7 dozen Morgan silver dollars & 300+ silver quarters.

      But if you must do this, then check out a couple of coin dealers & see if they would be interested in buying your coins, or exchanging them for silver bars. Personally I would go for 10 oz bar(s), as opposed to a 100 oz one.

  38. QUESTION:
    What is the value of regular silver coins today.?
    I have hundreds of silver nickles-dimes-quarters
    and halves.How do u figure the value?? Is it
    3 to 1, 4 to 1 or what.. I dont collect them so I thought I should just sell them.(got them when my brother passed away last month).

    • ANSWER:
      When you do decide to sell please Email me, maybe we can do business if your interested?

  39. QUESTION:
    How much this coins worth? and where I can sell them?
    Hi guys,
    I wonder if any one out there know where I can sell my old english coins? Is there a shop some where here in Ireland that buy old coins? also want to know how much this coins will worth if any one have an idea about this matter :

    I have some old coins of Elizabeth the second; I have all the collection of 3 pence and 6 pence as well.
    I also have George5 and George6 sixpence silver, and also 3 pence all the collection.

    Thanks every one for help.

    • ANSWER:
      At the bottom of this page it says the question originated in the United States, but what country are your located in?

  40. QUESTION:
    1881-S Morgan silver encased in a four sided solid block of plastic, should I attempt to remove it?
    A 1881-S Morgan silver dollar was given to me, but it is encased in the center of a four sided solid cast block of clear plastic 2 3/4" wide and 2 1/8 tall. The only marking is a clear bit of plastic next to the coin which reads "Continental Bank" after a logo of said bank. I am aware that the Continental-Illinois Bank once owned an estimated 1.5 million in silver dollars and that their hoard of silver coins was sold to help cover debts. I am also aware that the date of my coin is one that could have been part of the sale.

    What I want to know is:
    If it is worth more as is, or if I should try to get it out.
    If I should get it out, how would I do so?
    Could it be fake? It looks real to me and it's just like other Morgans I own.
    Would I be able to send it to a place like PCGS if it is in the block?
    If anyone knows any further information on this object, I will be happy and grateful to be able to read it.
    I meant to say that it is in a four sided pyramid, which would have five sides in total... not that the geometry of the plastic block has anything to do with the question other then for identification of pedigree.

    • ANSWER:
      It's a common date, so the coin by itself isn't extremely valuable, unless in really high grade. Many of the Continental hoard were reportedly in high grade. It was one of the more famous and successful hoard dispersals in collecting history, and many credit this with bringing new collectors into the market and raising values of Morgans across the board. So, having a C-I Bank pedigree on your slabbed coin would be of benefit.

      The problem is in how to authenticate it. I found several articles about the hoard, but no mention of how the coins were actually distributed. Given that many different dealers were in on the marketing effort, a major factor in why it was so successful, it's quite likely that encasing as you describe was one of the methods used.

      I would contact PCGS and NGC directly to see how they suggest handling it. When the famous GSA sale took place, the Morgans were packed in plastic cases. NGC (wisely, in my opinion) decided to grade these while leaving them in the government-issued holders. PCGS-graded GSA coins carry the pedigree on the PCGS holder. I think collectors prefer to have the original packaging if available. But I don't know if all of the coins like yours came the way yours did.

      What I do know is that professional grading wasn't around when this hoard was sold off. I suspect that the origins of many of them have disappeared as they changed hands multiple times since then. An authenticated, pedigreed coin in MS-65 or higher could add some good extra value. But the best value will come if you have one with great rainbow toning. I've seen them sell for four or five times the typical MS65 price.

      If neither company is willing to accept it for grading, I would leave it as-is.

  41. QUESTION:
    Sold a player on fifa 09 ultimate team for 630 coins but didn't recieve them!! i still only have 3405 coins...?
    Ok, so i sold a silver card for 630 coins and it said someone had bought it for buy it now, it had the tick next to the trade and everything but still didnt recieve coins? anyone else have this problem or know how to fix it?

    • ANSWER:
      your internet may be laggy. Make sure u restart your xbox and check ur connections working fine. Then the coins might have updated

  42. QUESTION:
    where to sell valued coins and how much are they worth?
    I have inharrited some coins recently and the ones that I dont have centimental value to me i want to sell. I have a mint set of 5 John F Kennedy Collection coins in original mint box with JFK picture on front and back has the story of how much silver is in each coin. The coins date from 1964-1965. Never touched by anyone since they are still in original casing. I also have a 1820-1920 Main Centennial coin in cerculated condition, an 1877 Trade Coin. I have others im not sure of what the value is, but they have more centimental value, so i dont think i should sell those. Does anyone happen to know values and where to sell them if they have value?

    • ANSWER:
      Your descriptions are not very specific.

      The Kennedy Half Dollars are likely worth less than US apiece.

      If you mean an 1877 Trade Dollar, a genuine coin could be worth very much though there are numerous counterfeits out there. It might also have a mint mark (plain, Philadelphia; CC, Carson City; S, San Francisco).

      A 1920 Commemorative Maine Centennial Half Dollar had a limited mintage and very few of these were well struck, so you might have another valuable coin.

      I strongly recommend you search for at least two coin dealers for a comparison of opinions, so you might find out exactly what you have. Please check the links below. I hope that helps.

  43. QUESTION:
    i had indian old coins.how to sell them?
    i had 1/2anna of east india company,british india coins,silver coins,etc

    • ANSWER:
      There are clubs run by various coin collectors all over India. Approach the nearest one to you. In Mumbai there is a Todywalla is one of the most organised dealer in old coins. B Arun and Company is another dealer.

      Many individuals deal in old coins in Mumbai.

      If you know any of these people, discuss the possibilities with them.

      If you could email me details, I will also discuss with a couple of friends who are coin collectors.

  44. QUESTION:
    how much is one peso silver coin year 1909 when it is going to sell to Bangko Sentral ng Pilipinas?

    • ANSWER:
      I don't think the bank of the Philippines would buy the coin but a coin dealer would. The coin is probably worth more here in the USA values usually start at and go up from there. Coins in nice condition sell for more.

  45. QUESTION:
    How much is 2 ounces of silver worth to this day?
    i have 12 2 ounce silver coins that i want to sell and buy an x box 360

    • ANSWER:
      It all depends on the day but silver is going to about a troy ounce. Bring the coins to a reputable dealer an find out the exact weight and price.

  46. QUESTION:
    How much are my 1928 and my 1941 silver half dollars worth?
    the one from 1928 is in fair condition, a lot of wear, but still able to see the picture and lettering. the one from 1941 is in a lot better condition. i also have a dime in great condition from 1945. does anybody have an estimate on what these coins sell for?

    • ANSWER:
      There is no 1928 1/2 dollar but there is a 1928-S 1/2 dollar. The mint mark is on the eagle side above and to the left of the H in half. In low circulated grades from -., as long as you can see the mint mark and all legends are readable . In 1941 the minted the 1/2 at Philadelphia, Denver (D) & San Francisco (S) mints, mint mark if any same spot as 1928. It is worth to in high circulated grades. The 1945 dime has a mint mark if any at the bottom of the reverse near the E in one. It is a common date with a high mintage as is worth -.50 Values are about what a dealer would pay. The coins will only go up in value as time goes by so just keep them for now.

  47. QUESTION:
    How much did a walking liberty silver dollar sell for in 1990?
    Plenty of places will tell you how much it is worth today, but I would like to find a place that tells how much one would have sold for in 1990. I think Silver was in the -7 range back then, would it have been -9 for the coin? If so what a crappy ROI if the value only doubled in the last 20 years. PS could you also provide a link to a place that will give historical sales prices of these coins?

    • ANSWER:
      The answer to your question depends upon the date and mint mark of the coin, but the first link below should be very helpful to you. The second link allows you to research the historical price of silver. I hope that helps.

  48. QUESTION:
    anyone know about old silver coins?
    I have some old coins as in really old still made out of silver..... and i was looking to sell them because i really need the money.... does anyone know how much they go for or anywhere where i can sell them here in queens NY?HELP!
    theres a couple of half dollars ranging from 1770's to the 1980's and quarters at around the same years

    • ANSWER:
      Buy the annual book called: A Guide Book of United States Coins, by Richard (R. S.) Yeoman. It's a really well known pricing guide for coins, the book is red in color for the non-dealer edition. Or you can go to the website http://www.pcgs.com/prices/ has a really current up-to-date price guide online.

      Make sure you know the current value of each coin before you go off to sell them, shady dealers sure like to rip off uninformative customers from my experience.

  49. QUESTION:
    How do I go about selling old coins?
    Of course I'd like to get the most money I can out of them. They are old silver and a couple old gold coins. Are there honest dealers or collectors that will pay a fair price? Is it best to value them by weight or by collectability? Thanks for any information.
    Weight or collectability.....we'll check for collectables first then weight! But am wondering about how to find a dealer or collector. Thank you

    • ANSWER:
      Coin values are a combination of rarity, condition, and collector interest. Please EDIT your question to provide more info on your coins.

      Country, denomination, date, mint mark (if any, or if you do not know what to look for).

      If a coin is common (large number minted) and heavily worn, it might only be worth gold or silver value. That is based on purity and weight, which is easily determined.

      If a coin is rare, then it is worth selling to a coin dealer. If very rare, perhaps worth auctioning. You need to learn more before having any idea of the best way to sell.

      For US coins, you can get a rough idea of how a collector would grade a coin from the site below.

  50. QUESTION:
    coins coins coins by the pound yah?
    how much would these coins sell in a WEHOLE SET not seperate on ebay there all in great condition com stands for comemoritive

    1.1943-d mercury dime

    2.2001-d roosvelt dime

    3.2000-p roosvelt dime

    4.2006-d com nickle

    5.2006-p nebraska 50 state quarter

    6.100 years of us mint silver coin desighns wich includes coins from 1906 through 1966 and it has 10 coins all silver not plated

    7.delaware-p 50 state quarter

    8.maryland 2000-d 50 state quarter

    9.colorado 2006-d 50 state quarter

    10.tennessee 2002-p 50 state quarter

    11.tennessee 2002-d 50 state quarter

    12.rhode island 2001-p 50 state quarter

    13.rhode island 2001-d 50 state quarter

    14.washington 50 state quarters voleum 1 state collection book (does not include coins)

    15. washington quarters collection book voleum 2 (does not include coins)

    16.14 pennie holders

    17.the essential buffalo nickle collection includes a buffalo nickle from the following years (1930's)(1920's)and 1910's all unserculated

    18.americas classic coins set includes 1890 indean head nickle 1935 bufallo nickle and a 1905 liberty v nickle

    19.cherished american dimes set includes 1911 barber silver dime and a 1929 mercery dime

    20.worlds columbian expodition chicogo 1892 half dollar

    21.1962-d washington quarter

    22.1937-d washington quarter

    23.1936-s buffalo nickle

    24.1983-d uncirculated pennies from truck reck between leonard and celest texas

    25.1903 indean head penny

    26.1936-s walking liberty half dollar

    27.35 2006 and 2007 com nickles

    28.1937-d indean nickle

    29.1938-d indean nickle

    30.1906 liberty v nickle

    31.1943 walking liberty half dollar

    32.puerto rico 2009-d 50 state quarter

    33.1909-S WHEAT PENNY KEY DATE

    34.1944 wheat penny

    35.1931-d wheat penny

    36.1948-d black wheat penny

    37.1950-d wheat penny

    38.1920 wheat penny

    39.1964-d lincoln head penny

    40.1925-s KEY DATE WHEAT PENNY

    41.1956-d wheat penny

    42.1945 wheat penny

    43.1956-d wheat penny

    44.philippines 1938-m 5 centas

    45.1922-s peace doller

    46.4 1956 hard dollars i dont know what kind but there huge

    47.1982 kenety half dollar

    48.1982-d kenety half dollar

    49.and like a lot more wheat pennys and 50 state quarters and other coins to about 25 other coins that im to lazzy to list im 11 and i would like my mom to sell them on ebay if there worth it remember all in one sell and there all in great condition

    • ANSWER:
      It's impossible to say how much you can get for the full set of coins.

      You just need to put them on auction and see how much you get.


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