Whether you want to collect silver coins as a hobby or as a hedge against economic uncertainty, knowing how much they are worth according to their silver content will help you avoid paying too much.
U.S. silver dollars, half dollars, quarters and dimes made before 1965, and silver state quarters, are 90 percent pure silver.
Pre-1965, silver dollars contain 0.7734 troy oz. of silver. Half dollars contain 0.3617 troy oz. Quarters contain 0.1808 troy oz. Dimes contain 0.0723 troy oz.
To calculate a coin's silver value, multiply its silver content by the spot price of silver. Based on a hypothetical spot price of $14 a troy ounce, a 90 percent silver dollar would be worth $10.83.
American Silver Eagle bullion coins, produced by the U.S. Mint since 1986, contain 1 oz. of 99.9 percent pure silver. The noncollectible version sold by coin dealers would be worth $14 based on the hypothetical spot price above.
Depending on rarity and condition, many silver coins command a collector's premium that far exceeds their silver value. Dealers charge a small premium even for noncollectible silver coins, commonly called "junk silver."
- Photo Credit Wikimedia Commons
How Much Is an Ounce of Silver
Silver is one of the most valuable metals mined on earth. It can be polished to a mirror-like shine. Besides being valued...
How Much Are Mexican Coins Worth?
Mexican coins have a long history. The country has been a major source of silver and gold since the days of the...
How Much Are Foreign Coins Worth?
Coins are generally unique to their country of origin. A United States penny is not the same as a British or Canadian...
How Much Is a 1885 Silver Dollar Worth?
The 1885 silver dollar, commonly known as a Morgan silver dollar, features the profile of Lady Liberty on the obverse side and...
How Much Is a 1964 Silver Half Dollar Worth?
The Kennedy half dollar was introduced in 1964 after the assassination of President John F. Kennedy. It replaced the Benjamin Franklin half...
What Are My Old Silver Coins Worth?
The United States government used to make nickels, dimes, quarters, half dollars, and dollar coins out of silver. The key is to...
How to Find Out How Much a Silver Necklace Is Worth
A necklace or chain made of silver has an intrinsic, "bullion" worth. But, assuming that it's in good, wearable condition, it also...
How to Calculate the Price of Silver Coins
To calculate a coin's base price, or silver value, you need to know how many ounces of the precious metal it contains....
How to Calculate the Value of Your Sterling Silver
Sterling silver is a blend of 92.5 percent pure silver and 7.5 percent pure copper. It was developed because pure silver is...
How to Calculate the Value of Silver Coins
That old coin you found in your grandfather's dresser drawer could be worth hundreds or even thousands of dollars. Most coins struck...
What Are Junk Silver Coins?
Collecting U.S. silver coins is a great investment as well as a window into America's past. In many cases, a silver coin...