Are Junk silver coins a good investment?
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Are Junk silver coins a good investment?
As long as you haven’t melted down your junk silver, your dimes, quarters and half dollar coins are still going to be worth their USD value. So even if the dividends aren’t as high as originally expected, there is very little risk in losing out from your investment.
How do I sell my junk silver coins?
Therefore, the best way to sell silver coins is to take them to a coin dealer or bullion broker who is also knowledgeable in rare and collectible silver coins. BOTTOM LINE: The best way to sell your silver coins is to consult a reputable coin dealer or bullion broker.
What coins are considered junk silver?
Usually, junk silver refers to U.S. coins that are 90\% silver. Such as the Barber Dime, Mercury Dime, Roosevelt Dime, Barber Quarter, Standing Liberty Quarter, Washington Quarter, Barber Half Dollar, Walking Liberty Half Dollar, Franklin Half Dollar, Kennedy Half Dollar (minted in 1965), Trade Dollar, and Peace Dollar.
What is the most valuable silver eagle?
The most valuable Silver Eagle is a 1999 PCGS graded MS70 Silver Eagle. It was the first to sell at auction for over $13,000! Certainly, an extraordinary amount for this coin in perfect condition.
Is buying Silver Eagles a good investment?
The Silver American Eagle is a great investment to make each year because of its metal content, guaranteed quality, and overall popularity across the globe. So, whether you are a new investor or collector or you’re looking to keep your Silver American Eagle up to date, you won’t want to wait to get this beautiful coin.
A fair premium for silver bars is typically 5\% to 8\%, while silver coins usually trade for 12\% to 20\% premiums above spot. Silver rounds register in between those premium points. Prices can be higher or lower depending on the mint that produced the round and its popularity in the marketplace.
How much should I pay for junk silver coins?
BOTTOM LINE: 15\% to 20\% over spot is a fair premium for junk silver.
Can you melt junk silver coins?
Junk silver coins are a ‘finite commodity. ‘ They are no longer being made, and many of the bags have been melted down over the years. Since the late 1960’s, it is legal to melt down junk U.S. silver coin.