Rhodium Coin

Sell Rhodium Coin to the #1 Buyer in Las Vegas & Henderson

As a metal commodity, rhodium is more expensive than the price of gold and silver together. This element was discovered in platinum, glittering like a reflective crisp metal that is silvery-white in color. Also, it is resistant to corrosion, which makes it the perfect metal for jewelry production. Moreover, its price and rarity make it a good addition to any investment portfolio.

Sell Your Rhodium Coin

Nevada Coin Mart is the #1 buyer of rhodium coins in Nevada and the Henderson area. If you happen to have rhodium coins lying around at home and are looking to sell them, please bring them in at our only store at the corner of James and Flamingo. Also, our team offers free evaluations and verbal appraisals to our clients. We use safe tests to determine the value of your coins with the help of an X-Ray Spectrometer that tells the exact amount of rhodium in your goods. Moreover, this test is much safer than the tests used by other cheap pawn shops, which perform scratch tests that may damage and lessen the value of your coin.  If you want to sell your rhodium coins, here are some of the ones we look forward to acquiring:

  • Black Proof Incuse Silver Maple Leaf, 2020
  • 5oz Silver UNESCO, 2016
  • Cooks Islands Predator-Prey Collection, 2014-2017
  • 5oz Silver UNESCO, 2017
  • Cook Islands 3-Coin Silver Desert Heat Scarab Set, 2017

Value

Since rhodium is found in palladium, its extraction is quite the task, making it quite rare. Also, the largest mining facility for rhodium is located in South Africa and produces around 20 tons of the element each year. This minuscule amount makes up about 80% of the world’s annual rhodium supply. Lastly, its obvious rarity as an element makes rhodium coins even more valuable and expensive than coins that contain silver and gold.

History

William Hyde Wollaston discovered palladium and rhodium in the year 1803. He noted that rhodium is extremely reflective, virtually mirror-like, rock-solid, and resistant to corrosion.

The first-ever rhodium coin was Tuvalu’s South Sea Dragon, produced by the privately-owned Cohen Mint in New York City during the year 2009. In fact, they minted 1,000 pieces of the South Sea Dragon in 1 gram. Now, people use 80% of the rhodium production worldwide as one of the catalysts for the three-way catalytic converters in automobiles.

References

Silver Krugerrand

South African Silver Krugerrand

History

The Krugerrand was first minted on July 3, 1967, as a gold bullion coin. It offered investors a way to easily get into the South African gold bullion market. It was manufactured by the South African Mint and Rand Refinery. The coin was called Krugerrand after South Africa’s former president Paul Kruger and the South African currency called “rand.”

The gold Krugerrand is minted from a copper-gold alloy and became popular with gold investors towards the end of the 1970s. However, during the apartheid, South African took a turn for the worst because of the economic sanctions it faced, making it hard to import Krugerrands in western markets.

It was only in 2017 when Rand Refinery started minting silver Krugerrands on the 50th year since the coin was first minted.

Design

As with the gold Krugerrand, the silver Krugerrand shares the same design as the Gold Krugerrand. The obverse is the portrait of the former South African president Paul Kruger, designed by Otto Schultz. The words “SUID-AFRIKA·SOUTH AFRICA” are on top of the coin.

On the other hand, the reverse side of the coin showcases South Africa’s national animal, the springbok. And it was designed by Coert Steynberg. The words “KRUGERRAND,” mint year, and the silver’s weight in ounces are on the reverse side as well.

Value

The value of silver Krugerrands depends on four factors:

  • The spot price of silver
  • Condition
  • Year
  • Mint Mark

Coins just don’t rely on the spot price of their precious metal content but also on its collectible value. That’s why its condition, mintmark, and year are also important. Nevada Coin Mart will evaluate all of those for you when you decide to sell your silver Krugerrands. Evaluation of your coin’s value is free, and there is no obligation to sell.

It is also important to note that silver’s spot price is extremely volatile and changes by the minute. So sell when the prices are up, and buy when down.

We BUY South African Silver Krugerrand Coins

Do you have South African Silver Krugerrand coins and want them out of your hands? We’ll be happy to take them from you and even pay you for them! Here at Nevada Coin Mart, we are the #1 buyer of South African Silver Krugerrand coins in Las Vegas and Henderson, even in the entire Nevada state! 

We offer free in-store evaluation for your piece using a state-of-the-art Thermo Scientific Niton X-Ray Spectrometer in order to accurately analyze and measure precious metal contents in your piece. This will ensure that you get top-dollar for your items. 

We are open 365 times a year from 9 am to 6 pm, so come visit us at Nevada Coin Mart® 4065 S. Jones Blvd Las Vegas, NV 89103 or call us up at 702-998-4000.

Reference

Chinese Silver Panda

Sell Chinese Silver Panda to the Best Buyer in Las Vegas & Henderson, NV

Chinese Silver Panda forms part of the series of silver bullion coins issued by the People’s Republic of China. Its design and size change every year. It comes in different sizes and denominations that range from 0.5 troy oz. to 1 kilogram. However, in 2016, the Chinese Government began transitioning the silver coin to metric sizes, reducing its weight. More importantly, this transition resulted in the reduction of the Chinese Silver Panda from 1 troy-ounce to 30 grams. Also, the 5-troy-ounce was reduced to 150 grams. Despite this, the Chinese Silver Panda coin still finds its place in the coin industry market for its captivating historical design and significance. 

Best Buyer of Chinese Silver Panda

Nevada Coin Mart is the best place to sell your Chinese Silver Panda coins. We are home to coin experts that know and understand the true value of precious coins. Moreover, our team offers a free quote and in-store evaluation to potential sellers. If you wish to sell Chinese Silver Panda coins, bring your business to Nevada Coin Mart at Nevada Coin Mart® 4065 S. Jones Blvd Las Vegas, NV 89103. Alternatively, you can call us at 702-998-4000 to talk to our coin experts today. 

Value of Chinese Silver Panda

China stamps every Silver Panda coin with a corresponding face value, which is always relative to the coin’s size and weight. Particularly, for a one-kilogram-sized Silver Panda coin, it comes with a value of 300 Yuan. With the ¼ ounce version of the coin, three Yuan is its corresponding value.

Specifications such as weight, thickness, and diameter determine most of the coin’s face value. The value is mainly referring to the face value of the coin with respect to their sizes. This means that citizens can spend Silver Panda coins as legal tender in the People’s Republic of China. However, if you have these coins right now, you will not dare to spend them for some miscellaneous expenses because these coins’ bullion value is significantly higher than their face value. This is basically because the face value of the coin does not considerably affect its actual intrinsic value. 

The Chinese Silver Panda coins’ actual value is based on their demand and supply. Meanwhile, when it comes to determining the price of the coin as a bullion item, buyers consider the coin’s weight as a relative factor to its silver content. This means that the silver content of your coin dictates the price of your Silver Panda. Meanwhile, you can identify this silver content through the coin’s weight. Equally important, the coin’s size or weight ranges from 0.5 troy oz. to 1 kilogram.

In 2020, a perfect 1983 proof panda was considered the highest-priced coin worth around $16 430, while the highest-priced, non-proof coin is a perfect large-date 1991 panda worth approximately $3,100. Prices vary depending on the silver content and quality of the coin. To learn more about the spot price of silver, click here: https://www.kitco.com/charts/livesilver.html

Brief History

The creation and production of the Chinese Silver Panda coins started in 1983 by the Chinese Shenzhen Guobao Mint. It has been part of the silver bullion coin series since 1983. China issued and distributed its first Silver Panda coins in 1984 and 1985, respectably, making those years rather significant in Chinese history. During these years, the coins were of proof quality containing a precious metal content of 27 grams of 0.900 fine silver with a diameter of 38.6 mm. A record of 10,000 silver bullion coins including the Chinese Silver Panda is minted each year. This consistent production of the Chinese Silver Panda gives the coin impressive popularity and a spot in the silver bullion industry. 

In addition, 1986 marked the non-production of Chinese Silver Panda coins in the Republic of China from its 10,000-mintage limit.

Back then, the Chinese Shenzhen Guobao Mint had to suspend its production of Silver Pandas due to the coin’s overwhelming demand and popularity. In 1987, the Silver Panda coins’ production and distribution continued. But this time, the silver coins were also minted in proof quality from 1 troy ounce of .925 fine sterling silver. Other mint facilities produced this coin, including Shanghai, Shenyang, and Shenzhen. All of these coins bear the same design except the mintage year. 

There were specific mintage years when there were minor alterations or modifications in the coin’s design. This includes the size of the date and the temple details of the coin. This is why there was a motion to deliberately determine the Chinese Silver Panda coin’s original design, which happened in 1996, when various mints produced the silver coin with minor changes in the font size of the date, particularly on the obverse of the coin. 

Design of the Chinese Silver Panda

Until 2015, the Chinese Silver Panda coins’ production was labeled with the stamp of their weight and level of purity, which is .000 fine silver. This made the coin very popular for such a long period of time, along with its creative design that changes every year of production. 

The coin’s obverse or front side features a depiction of a mother panda with her young cub. It also features Southern Beijing’s Chine “Temple of Heaven.” Throughout the production years, the coin contains the inscription of “The People’s Republic of China”. However, starting in 2015, the coin’s obverse no longer features any inscription regarding its weight and purity, particularly the word “ounce” or any notation to indicate it. The Chinese Silver Panda coins have adopted the metric system since then. 

In contrast, its reverse features a long-standing image of the Hall of Prayer for Abundant Harvests. Since 1983, Silver Pandas have been the main profile of the coin in its reverse design. But the design of the Panda Bear changes every year. One interesting design made for this coin was in 2015 when the Panda Bear was portrayed as a bear chewing on a little piece of bamboo. It was also in that same year when the coin’s face value was indicated above the image. 

Versions

The Chinese Silver Pandas’ varieties included uncirculated, colored, gilded, proof, a privy mark for a commemorative issue, and extra wording of a special event. Every year, throughout the Silver Panda’s minting history, the Republic of China authorized the production of these different types of coins. At present, the Chinese Silver Panda continues to be in circulation in the silver bullion industry of the Republic of China. It is considered one of the most attractive ways of investment among coin collectors. This silver bullion coin market plays an indispensable role in the Republic of China’s economy, especially since they have investors around the world. 

In fact, the recent unique releases with specified mintage are the 2021 Chinese Silver Pandas. Truly, the Chinese Silver Panda is a symbol of national pride that continues to be one of the most sought-after silver bullion coins in the arena of global precious metals, bringing high marketability not only in China but around the world.

References:

https://en.wikipedia.org/wiki/Chinese_Silver_Panda

https://goldiraguide.org/chinese-silver-panda/

40% Silver Coin

Sell 40% Silver Coins to the Best Silver Coin Buyer in Las Vegas & Henderson, NV

The 40% silver coins mainly refer to Kennedy Half Dollars and Eisenhower Dollars. Although the US Bicentennial silver quarter was 40% silver, it was only available in mint or proof set. The Government never released them in general circulation. But until today, these coins form part of the most renowned coins issued by the US Mint.

Value of 40% Silver Coins

Since there were only two major 40% silver coins (the Eisenhower Silver Dollars and the Kennedy Half-Dollar coins), many coin collectors continued to clamor despite reducing silver content to 40%. But the silver coin still barely made it into circulation at that time. This is why Congress decided on using silver holdings on the currency that never circulated. As a result, the Treasury agreed to eliminate silver from the US currency. Although there were still very few 40% silver coins struck in 1970, their circulation was limited by the US Mint. 

These silver coins are primarily appraised based on their weight, melt value, or actual silver content. Although these coins are 40% silver coins, they still vary in weight and actual silver weight measured in troy ounces. First, the Eisenhower Dollar Coins weigh 24.59 grams with an actual silver content of 0.3161.

On the other hand, the Kennedy Half Dollar coins weigh 11.50 grams with 0.1479 troy ounces of silver content. This coin from the 1965-1970 half dollars had no mintmark. This means that it was minted in Philadelphia, Pennsylvania.

Since the coin’s silver content is a major consideration for valuation. Someone who owns and plans to sell it to a silver coin dealer should fully understand its valuation process. One crucial thing that you need to do is to make sure that you keep updated on the current spot price of silver, which changes every day due to the current demand and silver supply in the bullion industry. To learn more, click here: https://www.kitco.com/charts/livesilver.html

Other Factors

There are many reasons why many customers prefer buying 40% silver coins over other coins. These include practicality, lower premiums than 90% silver, and critical years, especially if you are looking for a collector willing to pay more than its melt value. So if you want to sell your 40% silver quarters, you must deal with a buyer who would favor your coin’s collector value more than its melt value. That is why it is helpful that you keep the grading quality and condition of your silver quarters. Do not clean them if not necessary, for every thin layer of the coin removed from cleaning would mean lesser collector value. 

Best Buyer of 40% Silver Coins

Selling your 40% silver coins to the #1 silver coin buyer, Nevada Coin Mart, is the best decision you will ever make, primarily if you aim to get the most cash you deserve for your top-dollar items. Nevada Coin Mart is the best silver coin dealer and buyer in Las Vegas and Henderson, Nevada. We also buy other precious metals like gold coins and jewelry from thousands of satisfied customers locally and internationally.

Being one of the largest dealers of silver coins and other precious items, we commit to providing the best customer service and efficient transactions to our customers. 

If you want to experience this yourself, you can visit our store from 9 am to 6 pm. Visit us at Nevada Coin Mart® 4065 S. Jones Blvd Las Vegas, NV 89103, or call us up at 702-998-4000. We are open 365 times a year. You will surely get a fair price for your silver quarter as you come by our establishment.

Brief History

The US Mint started to issue coins containing 40% silver between 1965 and 1976. Before that, they only produced 90% silver quarters which they circulated widely. Consequently, President Lyndon Johnson issued and published the 1965 Coin Act, which authorized cease of the circulation of coins that contained 90% silver up to that time. President Johnson ultimately declared his plans to eliminate silver from US quarters and dimes and reduced the silver content to 40%. Then, in 1970, the Government stopped producing 90% silver coins altogether and maintained distributing 40% silver coins only.

Eisenhower & Kennedy Coins

Two of these 40% silver coins became very popular among coin collectors. First is the Eisenhower Silver Dollar, which contained 40% silver. The US Mint produced these from 1971 to 1974 and again in 1976. There were 18 mintings of the Eisenhower Silver Dollar. People pertain to some of the 18 mintings as the bicentennial reverse. There were 4 of these coins from the 1975 to 1976 releases. The US Mint sold these bicentennial dollars in special and proof sets featuring an “S” mintmark.

Throughout its consistent production for five years, the US Government strictly required silver coins to only contain 40% silver. According to historians, the US Mint’s dollar coins back then weighed about 14,500 tons altogether, which is almost the same as the Brooklyn Bridge’s weight.

The other famous 40% silver coin is the Kennedy Half Dollar, which varies in silver content from 1964 to 1970. From 1965 to 1970, the Mint reduced the percentage of fine silver in half dollar coins from 90% to 40%. Eventually, the new 40% silver Kennedy Half Dollars were produced and made from 79% copper and 21% silver in its inner layer, while the outside was clad with 80% silver and 20% copper. In total, the coin consisted of 40% silver. 

The Kennedy Half Dollar silver coins are commemorative coins of former President John F. Kennedy, produced between 1965 and 1970. The collection is a variety of silver half dollar coins which stemmed a month after the former United States President John F. Kennedy’s assassination in 1964 in Dallas, Texas. The motion to eliminate the Franklin half dollar design and create a coin to commemorate the former president was immediately passed by Congress and was known as Public Law 88-256. The famous sculptors of these coins were Gilroy Roberts and Frank Gasparro.  

References:

https://vermillion-enterprises.com/silver-coins-40/

https://www.jmbullion.com/investing-guide/types-physical-metals/40-history/

https://www.apmex.com/the-history-of-40-silver-coins

90% Silver Coin

Sell 90% Silver Coins to the Best Silver Quarter Buyer in Las Vegas & Henderson, NV

The US Mint manufactured coins that were 90% silver. These coin denominations carry historical significance as a tribute to a particular person or event. Several years passed when the metal composition of many US silver coins consisted of 90% silver and 10% copper. Before 1965, this phase of coin production became prominent in the United States. The durable yet attractive silver coins became one of the most sought-after coins with their given silver content and production cost below their face value. The prominent coins with 90% silver include dimes, quarters, half dollars, and dollars, with different designs. 

Popular 90% Silver Coins

Since the production of 90% silver coins, their popularity among coin collectors and enthusiasts has been the center of attention in the silver bullion industry. Several coins of 90% silver found their place in the global market. Here are some of the popular 90% silver coins.

  • Kennedy Half Dollar. These are 50-cent pieces, weighing 12.5 grams, minted in 1964 in honor of President John F. Kennedy. In 1964, the Kennedy Half Dollar contained 90% silver. But, a year, manufacturers stopped using silver in producing this coin.
  • Washington Quarter. This silver coin weighs 6.25, of which 5.625 grams is silver. Based on this quarter’s silver content, this could only be worth a few dollars in the silver bullion market. However, Washington Quarter today can cost more than that in consideration of its historical value. In fact, the uncirculated Washington Quarters minted in both Denver and San Francisco were to have a much higher value than the regular 90% silver coins.
  • Walking Liberty Half Dollar. This half-dollar coin was known for its very beautiful and captivating design. The same as Kennedy Half Dollars, Walking Liberty weighs 12.5 grams. Many history enthusiasts described them as junk silver during the early years of this silver coin’s production, particularly from 1916 to 1947.
  • Franklin Half Dollar. This Franklin Half Dollar coin was a replacement for the Walking Liberty Half Dollars. It weighs 12.5 grams of which contains 90% silver. Its historical value is accounted for because these half dollar coins were the first circulated coins throughout the minting history of the United States, which features an American who was not a president of the country.

Other 90% Silver Coins

  • Mercury Dime. These coins, weighing 2.5 grams with approximately 0.07 ounces silver, were made alongside Walking Liberty Half Dollars from 1916 to 1945. Many collectors still sought these dimes at a greater value in their silver bullion value. Among the most sought-after uncirculated dimes were those minted in Denver.
  • Barber Dime. Barber dimes are 90% silver and 10% copper and weigh 2.5 grams. Its production started in 1892 until the Mercury Dime was released for circulation. Many coin collectors invest in this dime for its numismatic value, far greater than its silver content. Also, its rarity made it more premium than other dimes. San Francisco, one of the minting places of Barber Dime, produced the rarest of its types. Interestingly, only 24 were minted, and only nine were recovered.
  • Barber Quarter. The 90% silver coins, weighing 6.25 grams, are almost equivalent to the Washington Quarters’ bullion value. However, the Barber Quarters’ most antique versions, especially those minted in San Francisco, can cost hundreds of dollars on top of its silver content value.
  • Peace Dollar. Weighing 26.73 grams, these coins contain 24.057 grams of silver. This silver coin was minted by the US Mint for 10 years, particularly from 1921 to 1928, 1934, and 1935. Those Peace Dollar coins minted in 1921, 1928, 1934, and 1935 were believed to have a unique appeal or value among many collectors.
  • Morgan Dollar. Like the Peace Dollars, this dollar coin weighs 26.73 grams and has a similar metal composition. These 90% silver coins were minted from 1878 to 1904 and in 1921. The 1878 Morgan Dollar interestingly features different designs in its reverse. Some Morgan dollar coins feature an eagle with eight tail feathers, while others only have seven.

Value of 90% Silver Coins

The US Mint manufactured many 90% silver coins back in the day. Each of these coins varies according to its size and weight – two crucial factors determining a silver coin’s value. Other factors include grade, condition, mintmark, and rarity, which are sometimes considered by coin buyers looking after the coin’s numismatic value. 

For example, the famous Bicentennial quarters from 1776 to 1976 are worth $5 to $10 in Mint State. But this can still change if silver’s market and pricing trends go up and down.

To get a straightforward calculation of your silver quarter’s melt value, you will have to compare it to the current spot price of silver. A 90% silver quarter contains 0.18084 troy oz of fine silver. However, if you have a silver quarter made before 1930, it will likely have a higher collectible value, such as the Standing Liberty silver quarter. To learn more about the spot price of silver, click here: https://www.kitco.com/charts/livesilver.html

Best Buyer of 90% Silver Coins

Nevada Coin Mart is the #1 buyer of 90% silver coins in Las Vegas and Henderson, Nevada. We also buy other precious metals from thousands of satisfied customers locally and internationally. Being one of the largest dealers of silver coins and other precious items, we commit to providing the best customer service and efficient transaction.

We offer a free quote or in-store evaluation of your 90% silver coins. You can visit our store from 9 am to 6 pm. Visit us at Nevada Coin Mart® 4065 S. Jones Blvd Las Vegas, NV 89103, or call us up at 702-998-4000. We are open 365 times a year. You will surely get a fair price for your silver coins as you come by our establishment. 

Here are some of the popular U.S. 90% silver coins that we look forward to buying from you:

  • Kennedy Half Dollar
  • Washington Quarter
  • Walking Liberty Half Dollar
  • Franklin Half Dollar
  • Mercury Dime.
  • Barber Dime
  • Barber Quarter
  • Peace Dollar
  • Morgan Dollar

Brief History

The history of 90% silver coins traces back to the production of junk silver coins. Years before 1965, coins released for circulation generally consisted of 90% silver and 10% copper. This durable and attractive combination made the 90% silver coins very popular. Moreover, the production of 90% silver coins costs less than their face value back then, making it more affordable for the Administration and more affordable as a commodity for US citizens. 

Pennies and particularly nickels, for the most part, were not 90% silver. Although the US Mint used to manufacture nickels that were 35% silver, still, there was no circulation of them with 90% of silver content. In 1964, US coin denominations were 90% silver. These included quarters, dimes, half dollar, and dollar coins appearing in different and varying designs. Examples were the Roosevelt and Mercury Dimes, Washington Quarters, and Walking Liberty Franklin and Kennedy Half Dollars.

However, in 1965, the Administration passed the Public Law 88-36, ordering the reduction of silver in coins from 90% to 40% until 1970. This was when the Mintn produced most coins with no silver content at all. The US Treasury stopped producing and circulating coins containing any silver. This greatly impacted many coin collectors and enthusiasts who considered 90% silver coins a great investment-grade coin. The State reprimanded the US Mint to produce silver coin denominations made out of 90% silver because of its gradual economic deflation in the global market. Almost all silver coins were valuable not because they were legal tender but significantly because of their silver content value.

References:

https://en.m.wikipedia.org/wiki/Walking_Liberty_half_dollar

https://www.jmbullion.com/investing-guide/types-physical-metals/90-history/