How To Calculate Junk Silver Value –

Before 1965, the United States minted dimes, quarters and half dollars made of 90 % argent and 10 % copper. Starting in 1965, dimes and quarters have been minted in a copper and nickel dress composing with no silver content ( early than Kennedy one-half dollars that were minted with 40 % silver from 1965-1970 ) .
Junk silver is different than most silver products in the market like silver bullion coins, rounds and bars that normally contain 99.9 % silver medal and are minted in standard weights like 1/2 ounce, one ounce, five ounce, ten-spot ounce and 100 snow leopard increments. This makes it easy to determine how a lot silver you are buying. For case, if you buy one five ounce silver barroom and five one snow leopard american english Silver Eagles, you can easily calculate that you are buying ten-spot ounces of silver .
While pre-1965 dimes quarters and half dollars are made of 90 % flatware, the amount of ash grey is not easy to calculate when you are buying debris eloquent because the amount of silver in each coin is not denominated in polish numbers .
For exercise :

Each pre- 1965 dime contains .07234 ounces of saturated silver. Each dollar ’ s deserving of pre-1965 dimes will contain .7234 ounces of silver ( 10 X .07234 = .7234 ounces )
Each quarter contains .18084 ounces of pure silver. Each dollar ’ s deserving of pre- 1965 quarters will contain .72336 ounces of silver ( 4 X .18084 =.72336 ounces, rounded to .7234 ounces )
Each Half dollar contains .3619 ounces of pure argent. Each dollar ’ s worth of pre-1965 half dollars will contain .7238 ounces of argent ( 2X .3619=.7238 ounces )
bullion dealers sell debris silver at a price per ounce over spotlight. In decree to simplify price, dealers will frequently monetary value debris silver medal sold by confront prize ( as calculated off the descry price ) .

Calculating the Value of Junk Silver

The ash grey message for each of the dime, quarters and half dollars are the amounts contained in each coint at the time of mintage. During circulation of the coins, some of the silver capacity was inevitably lost due to changeless handle. To compensate for this, dealers reduce the sum of silver in each dollar of side value from approximately .723 ounce to .715 ounces .
here are two examples that calculate the respect of debris flatware using .715 ounces of silver per each dollar of front value .
If the spot price of argent is $ 15 an ounce, $ 1 dollar face respect of silver medal dimes would contain about $ 10.73 worth of ash grey ( $ 15 X .715= $ 10.725 ). Dealers will by and large monetary value their junk silver at the spot price of silver plus a fluctuate bounty of say $ 1.00- $ 1.50 an ounce. If the spot price of silver is $ 15 and the premium is $ 1.00, the trader will charge $ 11.73 per ounce of argent ; if the bounty charged is $ 1.50 an ounce the dealer will charge $ 12.23 .
therefore, $ 1 face value of silver dimes at $ 15.00 an ounce with a $ 1.00- $ 1.50 premium would cost $ 11.73 – $ 12.23 .
If the spot price of ash grey is $ 20 an ounce, $ 1 dollar face value of ash grey dimes would contain about $ 14.30 worth of silver medal ( $ 20 X .715= $ 14.30 ). Dealers will by and large price their junk silver at the spot price of flatware plus a fluctuate premium of say $ 1.00- $ 1.50 an snow leopard. If the blot price of ash grey is $ 20 and the premium is $ 1.00, the dealer will charge $ 15.30 per snow leopard of ash grey ; if the agio charged is $ 1.50 an ounce the dealer will charge $ 15.80 .
therefore, $ 1 boldness value of silver dimes at $ 20.00 an ounce with a $ 1.00- $ 1.50 premium would cost $ 15.30 – $ 15.80.

The Junk Silver Coins
Dimes – Roosevelt Dimes ( 1946-1964 ), Mercury Dimes ( 1916-1945 ) and Barber Dimes ( 1892-1916 )
Quarters – Washington Quarter ( 1932-1964 ), Standing autonomy Quarter ( 1916-1930 ), and Barber Quarter ( 1892-1916 )
Half Dollars – Kennedy Half dollar ( 1964 ), Franklin Half Dollar ( 1948-1963 ) Walking Liberty Half Dollar ( 1916-1947 )
Junk silver Standing Liberty Quarters, Barber Dimes and Quarters and older Mercury Dimes and Liberty Half Dollars broadly show extreme wear .
Junk silver Roosevelt Dimes, Washington Quarters and Kennedy Half Dollars are easily recognizable as they have basically the same design as dimes, quarters and half dollars in circulation today. As such, they are absolutely suited for barter should the need ever arise .
Silver Dollars – The Morgan ( 1878-1921 ) and Peace ( 1921-1935 ) silver medal dollar coins are priced seperately as they contain different amounts of silver. These coins contain .77344 ounces of silver vs. approximately .7234 ounce of silver found in pre-1965 dimes, quarters and half dollar. Morgan and Peace dollars will qualify as “ debris ” silver when sold as “ pick dollars ” which means they have been heavily circulated or contain early imperfections. These beautiful coins, however, are not widely recognized among those who are not coin collectors and sell at a greater, yet low-cost, bounty to junk dimes, quarters and one-half dollars .
Ask to see our armory of Peace and Morgan Dollars .
Junk silver coins are not purchased for their numismatic value but quite for their ash grey message. Purchasing debris silver however, allows the ash grey investor to learn about United States neologism by sifting through the diverse designs, dates and mint marks of buy dimes, quarters, half dollars and dollars .
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If you are in the New Hampshire Seacoast area, visit Port City Coin & Jewelry and ask about junk ash grey and our other services and specials. Or call 603-373-6185 .
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