Buying and Selling Silver Bullion the Smart Way

Doug is an active trader of stocks, bonds, and commodities, adenine well as an experience non-fiction writer .buying-and-selling-silver-bullion-the-smart-way The author Tired of hearing other people talk about buy and sell silver bullion and not having a clue about what they are talking about ? nowadays is your casual to get started in the earth of silver investing. Silver, like gold, has been a medium of exchange and a storehouse of prize for at least 6,000 years. not a bad track read ! It ‘s not that complicated, you fair need a spot of information and a willingness to learn and give it a try. In this article I take some of the mystery out of the world of eloquent bullion invest and help oneself you get started.

U.S. Silver Coins

Before silver medal bars and rounds became popular in the late 1970s, silver medal traders bought and sold United States 90 percentage silver coins. These are dimes, quarters, halves, and dollars issued before 1965. In this section I go over some of the common types of U.S. silver coins that you would run into when buying and selling silver medal. If you are very lucky, you merely might find one of these coins in your change .

Silver Content of U.S. Coins

Before you get serious about buying and selling silver coins you in truth need to know just how much silver is in each character of argent coin. table 1 lists the actual silver capacity of each type of coin. As a coin wears, the silver is removed and actual silver weight of the mint slightly decreases. The silver content in mesa 1 is for a impertinently minted coin ; however, the silver contents listed below are distillery utilitarian for buying and selling .United States common 90 percent silver coins. All date before 1965. These coins normally sell for a little over their silver content. United States common 90 percentage silver coins. All date before 1965. These coins normally sell for a little over their ash grey content .

How Much Silver Is There in a U.S. Coin?

Denomination Ounces of Silver
Dimes ( pre 1965-1965 0.07234
Quarters ( pre-1965 ) 0.18084
Halves ( pre-1965 ) 0.36169
Halves ( 1965-1970 ) 0.14792
Dollars ( pre-1936 ) 0.77344

As an exercise to illustrate how to use this table, suppose you are buying a roll ( 40 coins ) of silver Washington quarters .

How to calculate the silver value of the roll:

  • If silver is a $30.00 dollars per ounce on the SPOT market near the time of the auction close, then the roll is worth 40*0.18084*$30.00 = $217.00. This is the melt value of the roll when silver is at $30.00 per Troy ounce.
  • You will probably have to pay more than $217.00 for the roll. Normally the premium would be $10 to $20 over the melt value.
  • If you are selling the roll to a dealer, expect get $10 to $20 less than the melt value of the roll.

The dispute between the buy and sell price for the dealer is his/her profit .American Silver Eagles American Silver Eagles The generator

American Silver Eagles

The american Silver Eagle is one of the world ’ s most democratic silver bullion coins. The U.S. Mint started output of this mint back in 1986 and minting continues nowadays. Silver collectors and investors actively seek this coin for their collections. The mint features lady Liberty walk in the sunset on the obverse ( front ) of the mint and has an eagle on the bet on. The coin contains one Troy ounce of 999 all right silver. normally, the Eagles deal for $ 6.00 to $ 8.00 over their melt measure. Dealers normally pay one to two dollars over melt to purchase the coins from the public .

How much is an American Silver Eagle coin worth?

not all the dates of american Silver Eagles sell for around their bullion value. The 1996 is the low coinage date for the uncirculated bullion Eagles with just over 3.6 million minted. The 1996 Eagles sell for a $ 30.00 to $ 40.00 premium over their melt value. There are several other dates such as the 1986, 1994, 1995, 2006-W, and 2007-W Eagles that command a significant agio over melt. As a general rule, if you are buying American Silver Eagles for their bullion message you will be getting chiefly coins minted within the last 10 years .Morgan and Peace Silver Dollar Morgan and Peace Silver Dollar The writer

Morgan and Peace Silver Dollars

The Morgan Dollar was minted from 1878 until 1921 and in lower grades they can trade near their bullion measure. These coins are very popular with collectors and high grade uncirculated coins sell for many thousands of dollars. The Morgan dollars that trade near their bullion value are called “ culls ”. A cull dollar will heave heavy tire ( partial rims, partial date or legends ), some damage ( dings, scratches, … ), and/or corrosion ( turning curious colors ). due to the popularity of these dollars tied the pick dollars craft for well over their bullion value. If you are sell cull Morgan dollars the trader should at least give you the fade value. If silver is $ 30.00 per Troy ounce then the melt rate of the Morgan dollar is 0.7734 * $ 30 = $ 23.20. If you are buying cull ( low grade ) Morgan dollars from a dealer expect to pay $ 2 to $ 3 over their melt value .

What is the difference between a Morgan Dollar and a Peace Dollar?

In 1921 the design of the Morgan Dollar was changed to commemorate the end of World War I. The raw type of dollar was called the Peace Dollar. The Peace dollar contains the lapp sum of flatware as the Morgan dollar and the pick dollars trade for about the same price as the cull Morgan dollars. See the above paragraph for the discussion on buying and selling pick dollars .

How much can I sell it for?

When you come across Peace dollars, you normally see the dates 1922, 1923, and 1924. These are high mintage dates and represent the bulk of the sum mintage of the coinage for this series. Dates from 1927 to 1935 are less common and typically don ’ thymine craft near their bullion prize unless they are damaged or have heavy wear .999 Fine Silver Bullion Bars and Rounds

999 Fine Silver Bullion Bars and Rounds The writer

Silver Bars and Rounds

Another form of silver medal that is normally traded is in the shape of 999 all right silver bars and rounds. privately minted silver medal bars and rounds come in a assortment of sizes, everything from a one-tenth of an snow leopard to over 100 ounces of silver. Whether you are buy a small measure or big you want to make indisputable that the round or cake is marked “ 999 Fine Silver ” and “ One Troy Ounce ” or some equivalent instruction. The “ 999 Fine Silver ” refers to the purity of the silver, which means, it is 99.9 percentage pure flatware. sometimes you will see the abbreviation “ F.S. ” for fine silver. The “ One Troy Ounce ” lets you know that the bar or round weights at least 31.1 grams, which is a troy ounce. On any objet d’art of bullion you buy it must be stated the weight and honor. Avoid bullion that is marked “ 100 mils ”, this refers to the thickness of the silver plating. The measure or round is most likely copper with a thinly plating. If the bible “ plate ” appears on the bullion attempt to determine if it is eloquent over copper or gold over silver, or whatever. The best advice is to buy from a reputable trader that will buy the eloquent back at their buy price .

Silver Bar and Round Pricing

The general rule on pricing privately minted flatware is the small the unit of weight the larger the premium over the ash grey melt value. For exemplar, a one Troy ounce 999 fine silver round normally sells for $ 1.00 to $ 2.00 over the melt value and a 100 ounce bar may sell ampere cheap as $ 1.00 per snow leopard over the dissolve measure. I normally have my customers purchase bars that are less than 20 ounces in total weight. When you go to sell you 999 finely eloquent bullion expect to receive around $ 1.00 below the melt value to $ 0.50 over melt value per Troy ounce. If the dealer is offering you less than this then you need to check with another dealer. Due to many factors, dealers all seem to have a slenderly different buy/sell spread on their bullion pricing .World Silver Bullion Coins World Silver Bullion Coins The generator

World Silver Bullion Coins

If you like silver bullion and like coins from interesting parts of the global, then collecting these coins is the manner to go. The canadian Maple Leaf one snow leopard 9999 fine silver coin is credibly the most popular bullion related coin that is traded. other normally seen one ounce bullion coins are the Austria Philharmonic and the Mexico Libertad. These coins typically sell for $ 3.00 to $ 4.00 over their melt value and dealers normally pay around their fade measure for these coins .

The Value of Silver Bullion Coins From Different Countries

Australia makes some very attractive one snow leopard eloquent coins with a Kookaburra and Koala on the obverse of the coin. These coins normally sell for $ 3.00 to $ 6.00 over their bullion respect. The older Kookaburras and Koala can sell for a bombastic premium over their bullion value. These would not be good coins to purchase for their bullion prize due to the high premium. These coins may appreciate nicely in value over time to their proportional scarcity and the intrinsic prize of the silver .

Current Silver and Gold Price Information

10 Year Silver London Fix Daily with 60 and 200-day moving averages 10 year Silver London Fix Daily with 60 and 200-day move averages


  • Morgan, David and Christopher Marchese. The Silver Manifesto. 2015.
  • West, Doug. Buying and Selling Silver Bullion Like a Pro. C&D Publications. 2014.

This article is accurate and true to the best of the generator ’ second cognition. Content is for informational or entertainment purposes entirely and does not substitute for personal guidance or professional advice in business, fiscal, legal, or technical matters .

Questions & Answers

Question: Where do I sell argent coins ? Answer: If you have a coin patronize nearby then you can take them there. They buy and sell ash grey coins all the clock. If you do n’t have a coin workshop nearby, try a reputable jewelry denounce, they sometimes buy argent coins. Learn what the going rate for your coins is before you sell them. You will credibly not get their full fade silver medal value but you should get 80 to 90 percentage of their eloquent value. You can always sell them yourself on eBay. Do your homework, some dealers pay much better than others. © 2014 Doug West Jay Prakash Gupta from Mumbai on November 10, 2016 : swerve and Outlook- MCX – eloquent MCX Silver Mega 05 DEC 2016 death narrow is presently trading at 43988 with final change of 609 from previous close up, market may find immediate support near 42827 42275 & 41294. While market may face major resistance near 44360 45341 & 45893 short to medium term tendency is still looking plus on chart equally long as market maintains support level of 41294, Traders may create long position on corrective dips from current levels, Immediate top move is possible till 45893 a farseeing as commercialize maintains support level. Blackspaniel1 on February 27, 2015 : The one I would like to add is the silver medal American the Beautiful quarter, a 5-ounce quarter sold as bullion. I have seen a few, and the details are antic. Yet, it is a one-fourth, as is marked on it. I wish I would get a few in change. Doug West (author) from Missouri on November 26, 2014 : There are a lot of very beautiful and interest eloquent coins out there. Some are expensive and some are priced precisely over their bullion prize. estimable luck on build you collection.

Paula from The Midwest, USA on November 26, 2014 : Great hub on flatware bullion. Its bang-up to learn more about this subject, and learning more is something I hope to do. The coins are so beautiful, like in your first picture besides. sometimes, I think the art on them is fair intrigue. Thanks for sharing your information !

beginning :
Category : Finance

Post navigation

Leave a Comment

Trả lời

Email của bạn sẽ không được hiển thị công khai. Các trường bắt buộc được đánh dấu *