This week’s tip of the week addresses the issue of how you should sell your junk silver coins. Before we proceed, it’s important to know what constitutes a junk silver coin. U.S. dimes, quarters and half dollars minted in 1964 or earlier are 90% silver coins, and are often referred to as junk silver coins. The reason being is that these coins are primarily bought and sold for their silver content as opposed to any type of collectible or numismatic value.
Unlike coinage minted today, which is composed of zinc or a combination of nickel and copper, silver coins tended to wear over time due to handling and usage; therefore, if you have 90% circulated silver coins in your possession, they likely weigh slightly less than the original specs when the coins were minted. As a matter of reference, the specs of 90% silver dimes, quarters and half dollars are as follows:
- Silver Dimes – 2.5 grams
- Silver Quarters – 6.25 grams
- Silver Half Dollars – 12.5 grams
As a result, we recommend that you attempt to sell your coins by the face value as opposed to the weight, whenever possible. However, if your coins display more than above average wear, they might qualify as “cull” silver coins, in which case you’re not likely to benefit from selling the coins according to their face value. An example of selling your silver coins per their face value is an offer of 20 times the face value of your coins.
We hope that you found this week’s tip of the week on how to sell your junk silver coins to be informative, and as always, welcome you to contact Atlanta Gold & Coin Buyers with any questions that you might have. We look forward to hearing from you and earning your business!