How to Sell Junk Silver Coin for a Value in Las Vegas | Price
Generally, a junk silver is any silver coin that has no numismatic value but is in fair condition. It has no collectible value rather than the bullion value in its silver content. Customers often misconceive junk silver as scrap silver. Interestingly, the “junk” refers to the value of the coin as collectible and its actual condition. In other words, junk silver is not necessarily scrap silver. This means that you can actually sell your junk silver coin for some cash.
The history of junk silver can be traced back to the histories of the different coins that constitute what is now a junk silver. These are the coins that were previously produced as legal tender currency and now are collected by numismatists around the world. It has transitioned to a silver coinage that has a silver content that exceeds the face value of the coin.
For centuries, the use of silver has been used as a valuable commodity in the market. Up until today, these coins that are made with silver, which are now called junk silver, still carry value beyond use in circulation.
Throughout history, even prior to 1965, some of the junk silver coins have been flooding the industry of silver coin-making. These include dimes, quarters, half dollars, dollar coins, war nickels, and Canadian half dollars.
Value of Junk Silver
Silver, like any other precious metals, are measured in troy ounces. Junk silver coins have silver-alloy content that ranges from 35% to 90% and more. This changes, especially if the coin is uncirculated because the troy ounce silver content is also different. In general, 90 percent silver coins are more desirable to silver coin dealers who buy for silver content than any other coins that have lower percentages of silver content. Therefore, coins that have lower silver content are less valuable in the market.
Junk silver refers to old coins that either contain 90 or 40 percent silver. Their value as silver bullion is higher than their face value. This is why many investors and coin dealers consider them a unique and wise investment. These coins definitely embody the beauty and historical value of junk silver in great designs and precise depictions of important characters.
The value of junk silver coins can vary as time goes by. It can go up and down with the spot price for silver. But since most junk silver coins contain 90 percent silver content, they are worth the current spot price. Every American silver coin is priced accordingly with the troy ounce of silver in it. Mainly, half dollars contain .3617, quarters have .1808, and dimes include .0723 troy ounces of silver.
The market value of a junk silver coin depends on the current spot price of silver. This is why if you wish to sell any silver coin of your possession, it’s best that you keep abreast of the pricing trends of silver and the factors that might influence it including the current market trends and expected future prices. Learn more about the spot price of junk silver here: https://www.kitco.com/charts/livesilver.html
Best Place to Sell Junk Silver in Las Vegas, NV
Nevada Coin Mart is the best place for you to sell your junk silver coins. We are open 365 times a year, 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. You are absolutely at the right store with the best customer service for a worthwhile transaction of your silver dollar coin items.
We are the #1 silver coins and other precious metals in Las Vegas and Henderson. We have won the Best of Las Vegas Awards given and recognized by the Las Vegas Journal Review 12 times already, making us the best dealer of silver coin items with the highest possible cash offering for your items.
We Buy All Sorts of Junk Silver Coins
Buyers and sellers refer to the pre-1965 silver coins as junk silver. They are often distinguished and described in terms of appearance as compared to other silver coins. Junk silver coins’ edge does not show the telltale copper streak but appears silver all the way through. Some of the pre-1965 junk silver coins that contain 90 or 40 percent silver are the following:
- Barber Half Dollar
- Barber Quarter
- Barber Dime
- Walking Liberty Half Dollar
- Franklin Half Dollar
- Kennedy Half Dollar
- Standing Liberty quarter
- Washington quarter
- Seated Liberty Dime
- Mercury Dime
- Roosevelt Dime