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How to Calculate the Value of Cull 90% Silver Coins

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How to Calculate the Value of Cull 90% Silver Coins

 

In The Ultimate Guide on How to Calculate the Silver Value of U.S. Silver Coins, we discussed how to calculate the silver price for various silver coins based on the spot price of silver.  While this information is applicable more times than not, how do you go about calculating the silver value for cull 90% silver coins?US 90% Silver Coins

As a refresher, cull silver coins are heavily worn, damaged, bent or defaced coins.  They are coins that are of less interest to silver coin investors and collectors; and therefore, sell at a lower rate than average circulated condition silver coins.

Cull 90% Silver Coins

In our experience, the best approach to calculating the value of cull silver coins is by the weight of the coins, and in particular, per gram.  The following calculation should provide you with the current value of your worn silver coins:

Current spot price of silver x .90/31.1 = Melt Value per gram

While it’s perfectly reasonable to expect to receive 90% or more of the value of your circulated 90% silver coins, that isn’t necessarily the case with cull silver coins.  Firstly, because of the interest level, or lack thereof, you can expect to be paid by the weight of the coins as opposed to on a per coin basis.  Secondly, you should lower your expectations and expect to receive 85% or more for your worn and damaged coins as opposed to 90% or more.

ScalesBest Scales for 90% Silver Coins

As far as scales go, there are plenty of options available in the marketplace, but we’re partial to the 1000 gram capacity American Weight Black Blade for small quantities and the EatSmart Precision Pro scale for larger quantities.

Of course, any reliable scale will do, but if you don’t have any on hand, we suggest considering these options.

Summary

When the time comes to sell your cull 90% silver coins, expect to be paid by the weight as opposed to by the coin.  Secondly, because these coins are in lower demand than average circulated condition silver coins, expect to be paid a lower percentage of the coin’s value.

With these two factors in mind, you should experience success when the time comes to sell your worn silver coins.

Call us today with any questions or to book an appointment to sell or purchase gold and silver coins, bullion, and bars!

Atlanta Gold and Coin Buyers

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Tony Davis
Tony Davis is the owner of Atlanta Gold & Coin Buyers, a full service Atlanta based coin and bullion dealer specializing in buying, selling and appraising coins and coin collections of all types and sizes. Tony frequently writes on various economic and numismatic related topics affecting the coin and bullion markets and has been published on some of the industry’s leading websites, including Coin Week, the American Numismatic Association, Coin Collector, Coinflation, and Coin Auctions Help, just to name a few. Visit Atlanta Gold & Coin’s website at atlantagoldandcoin.com to obtain additional information on the products, services and educational resources offered by his company. Tony can be reached at sales@atlantagoldandcoin.com or at 404-236-9744

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