How Do I Sell My Silver Coins for Melting?

Turn cents into dollars by selling them for their melt value.

U.S. coins minted before 1965 contain a high content of silver. The silver value of these coins may far outreach the face value. As of July 29, 2011, the market value of silver is $39.90 per ounce. The value of silver changes on a daily basis. In the instance of rare or collectible coins, the face value may be higher than the melt value.

Instructions

1. Locate a coin exchange or silver and gold buyer. You can find local establishments through yellow page listings or newspaper advertisement. Also, several nationwide establishments offer mail-in coin exchange through their websites. Check the credibility of the establishment through the Better Business Bureau before selling your coins.

2. Take your silver coins to the buyer. You may do this in person or by mail. Request a quote of the value of your coins before completing your transaction. You should know the current market value of silver in order to make sure you get a fair value for your coins. The market value of silver is published daily through the precious metal stock exchange statistics.

3. Exchange your coins for cash. If the amount offered for your coins satisfies you, the buyer will pay cash.

References

• Coinflation.com: Current Melt Value of Coins
• Coin Study: How to Sell Silver Coins
• Silver and Gold Exchange: Sell Silver - Sell Gold
• 650 Gold: Silver Coin Buyers in Cleveland Ohio