Just because your 40% and 90% silver coins are referred to as junk silver, it does not necessarily mean that they do not have possess any numismatic value. If you are planning to sell your silver US coins, look no further than Global Gold and Silver. Our company can evaluate your silver collection and make sure to check for any numismatic coins that are inside. You can be sure that we will pay you the most competitive collectible premium.
What are Silver US Coins?
The history of silver being used as money goes back thousands of years. Initial silver coinage first appeared around 600 BC, in Turkey. It has been utilized in every major empire from the Romans to Greeks and the Spanish to modern day US. For the first 175 years of the United States, silver was used in everyday coins and they were circulated throughout the economy. Important fact: any US dime, dollar, half dollar, or quarter that is dated 1964 or earlier is typically made of 90% silver.
In 1789, silver was mandated as legal tender. The Constitution went into effect after the first Congress convened on March 4. The power to coin money was given to Congress. In 1965, the Coinage Act of 1965 came into the picture. This act completely eliminated silver from dimes and quarters shortage because many people at that time were hoarding silver, due to their increasing value.
Silver US Coins That Global Gold and Silver Buys
The Value of Silver US Coins
The value of silver US coins are tied directly to the price of silver. For example, 90% silver coins were worth approximately fourteen times their face value, i.e. 20 per ounce. A half dollar at about $6.00, a quarter about $3.50, and a dime at about $1.40. In markets that move fast, the prices for 40% and 90% silver coins can differ extensively from their initial melt value. On some occasions, the retail price may become less than the melt value of silver contained in the coins.
Why Sell Silver US Coins to Global Gold and Silver?
With Global Gold and Silver's experience and expertise, we are able to offer expert advice related to the sale of silver US coins. Besides our free-of-charge valuation services, there is absolutely no obligation for you to sell your coins during the initial consultation. Since our inception, we have also been providing an educational and transparent environment for all our valued clients. If you want to be more aware of the value of your US coin collection and how selling them works in New York, we are more than eager to help.
Our dedicated employees work tirelessly to maintain the highest level of customer service in the industry. At Global Gold & Silver, our BBB A+ rated company has been in the business for more than a decade. We have a team of coin buyers that can facilitate a satisfactory transaction when it comes to buying silver US coins.
If you wish to know more about selling silver US coins, do not hesitate to contact Global Gold and Silver for assistance today!