Gold $2,360.10   $3.60  Silver $30.78   $-0.04  Platinum $988.80   $1.50  Palladium $930.00   $1.50

All silver coins have some value, even if it’s just the face value of the coins. That said, some silver coins have more value beyond their initial price. Below, the precious metals experts from First National Bullion, the silver and gold dealers San Diego collectors rely on for outstanding quality and service, go over what to keep in mind when determining the potential value of silver coins.

Older Silver Coins Tend to Be More Valuable

Silver coins minted or produced officially for distribution in the United States prior to 1965 contain at least 90 percent silver. Today’s “silver” coins contain far less silver if we’re talking about quarters, dimes, and nickels. Some older silver coins of this nature are worth far more than their face value if they’re rare or have unique design features.

Collectable Coins Have More Value Potential

These are coins that are special mints or commemorative editions for special events like the Olympics or a milestone anniversary. Over time, these silver coins can increase in value. Whether or not this ends up happening depends on the design of the coin and how rare it actually is. For instance, if a commemorative silver coin is mass-produced for a special event, you may not get much of a return on your investment due to the fact that such coins are easy to obtain.

Various Factors Influence Silver Coin Value

In addition to what we’ve already mentioned, silver coin value is also determined by the amount of silver in the coin. For example, silver quarters made between 1965 and 2014 contain 22.8 percent silver. Based on today’s silver prices, the added value of the silver content is $0.057. Other factors that influence silver coin value include:

• The condition of the coin
• How many coins were produced
• The current spot price of silver
• What collectors are willing to pay

If you have any doubts about the value of any silver coins you have, get them appraised by an impartial third party. This is someone who has no stake in the value of the coins, so you’re more likely to get an honest and accurate appraisal. Having an appraisal done also gives you valid documentation of the value of your silver coins, which comes in handy if you reach a point where you want to sell them.

It’s Important to Be an Astute Collector & Buyer

If you have plans to buy or collect silver coins, take some time to do your homework. Check with reputable online sites to learn more about what’s considered rare and which silver coins collectors tend to value most. These coins are more likely to increase in value over time.

You can always seek additional advice from a trustworthy coin or precious metals dealer for further input and guidance. If you’re careful with how you purchase silver coins, you could end up with a collection that has the potential to pay off in the future. 

Whether you’re a veteran coin collector or you’re simply looking to sell your old silver coins, reach out to the experts at First National Bullion. In addition to buying and selling coins, we also offer a huge selection of gold, platinum, and silver bars. San Diego collectors who are looking for the finest-quality coins, bars, and bullion should give us a call at (858) 304-7580 to speak with one of our precious metals experts. 

The statements made in this blog are opinions, and past performance is not indicative of future returns. Precious metals, like all investments, carry risk. Precious metals and coins may appreciate, depreciate, or stay the same in cash value depending on a variety of factors. First National Bullion does not guarantee, and its website and employees make no representation, that any metals for sale will appreciate sufficiently to earn the customers a profit. The decision to buy, sell, or borrow precious metals and which precious metals to purchase, borrow, or sell are made at the customer’s sole discretion.

By |2022-11-22T01:48:18-08:00November 24th, 2022|Miscellaneous|0 Comments