Pre-1965 silver coins are often what buyers and sellers are referring to when they say “junk silver.” They can often be most easily distinguished from lower silver-content coins by appearance. The edge will not show the telltale copper streak but will appear silver all the way through. Dates are the other tip off.
Junk silver coins are typically referred to as 90% silver dimes, quarters and half dollars minted in 1964 or earlier, but technically they can refer to any government issued silver coins for general circulation that are primarily bought and sold for their silver content.
If you only care about the silver content of a coin and nothing else, then junk silver may be an attractive option. However, if you're interested in silver coins with higher silver content AND numismatic value, then junk silver may not meet your standards or needs.
If you are looking to acquire Silver in the form of U.S. quarters, you need to look for quarters minted in 1964 or earlier. These coins were struck in 90% Silver and have a melt value today just above $3.
Why are silver 1965 quarters so rare? Silver 1965 quarters are special because they're transitional error coins. In 1964, quarters were still struck with a 90% silver planchet. In 1965, quarter production changed to a clad composition planchet made of copper and nickel.
And while it's no surprise that many 200-year-old coins are worth more than the standard value, it turns out that a 1970 quarter could be worth far more than 25 cents! How much more? Well, a quarter listed on eBay recently sold for a whopping $35,000.
Approximately 715 ounces of silver per bag. $1,000 USD Face Value.
It's largely a matter of personal preference. The tarnish or toning that naturally forms on coins over time isn't harmful and won't negatively impact the value of your piece, if its value is in the precious metals only. However, do not clean numismatic coins.
Determine the Silver Content: Before selling junk silver coins, determine and confirm their silver content. Most junk silver coins are 90% silver or higher, though some can be 35% to 40% silver, with the remaining percentage usually consisting of copper.
US dimes, quarters, half dollars and dollars were minted in 90% silver until 1964. Produced to save nickel for the war effort, war nickels 1942-1945 are 35% silver (silver nickel production started part way into 1942). Half-dollar coins minted between 1965 and 1970 are 40% silver, but from 1971 on, contain no silver.
A 90% silver quarter contains 0.1808479 of an ounce of silver, so 5.5 of them adds up to one troy ounce. Since you can't have half of a coin, rounding up means it takes six silver quarters to make more than a troy ounce.
Dealers will generally price their junk silver at the spot price of silver plus a fluctuating premium of say $1.00- $1.50 an ounce. If the spot price of silver is $15 and the premium is $1.00, the dealer will charge $11.73 per ounce of silver; if the premium charged is $1.50 an ounce the dealer will charge $12.23.
Invest in American History. Most coins minted in the United States before 1965 were 90% silver and 10% copper. Silver at the time was a cost-effective way to produce coins that were both durable and attractive. All other U.S. denominations other than pennies and nickels at one time were struck using 90% silver.
Bag Content
We just guarantee that the total face value of the coins in the bag equals $100 and an amount of silver of approximately 71,5 troy ounces.
Sell sterling silver scrap with reDollar.com and expect to get paid the best possible price. Today, we pay $18.27 per ounce of sterling silver or $266.47 per pound of sterling silver. reDollar.com is highly respected when it comes to sell silver or other precious metals.
How Many Silver Dimes make an Ounce? Since there are 0.0723 troy ounces of silver per 90% silver dime, it takes 14 silver dimes to contain more than one troy ounce of silver bullion content.
Pre-1965 quarters contain 5.55 grams of silver. That's $4.46 in silver value with spot prices of $25.00 per ounce. Some silver dimes and quarters may have additional collectible value depending on mint marks and/or condition making them a great option for those coin collecting.
A certain number of quarters produced in 1970 have a tiny misprint which makes them very valuable. According to Good Housekeeping magazine, the coins were printed over 1941 Canadian quarters and therefore a tiny "1941" marking appears above the word "dollar" on the back of the coin.
There's a very specific quarter from 2004 that's reportedly worth up to $2,000. Wisconsin state quarters from the 50 State Quarters Program feature a limited-edition design that grows in value if there's a detectable difference in that design, according to coin collectors.
Minted in AD 69, the “exceedingly rare” quarter shekel is estimated to be worth over $1 million, according to the Manhattan District Attorney's office, which hosted a repatriation ceremony in New York on Monday.