I have some old silver quarters, all silver no copper. Does anyone have an idea of the value,generally speaking?i,e compared to the face value. thank you
2006-07-11 14:44:51 · 6 answers · asked by jpeak245 1 in Business & Finance ➔ Investing
The easiest way to calculate the value of silver coins is .73 * silver price*denomination. American silver coins, (other than $1), have about .73 ounces of silver per $1 face value. If silver is $12/ounce, then a quarter is worth .73*12*.25=$2.19 in silver. This is the theoretical price, and a dealer will pay you less, (ten percent is fair). For a silver dollar, the percent silver is 78%. By the way, your quarter does have copper too. All US "silver" coins are also 10% copper in the alloy.
Now, a collectible coin is worth even more. For Washington quarters, the only real dates to look for are 1932 S or D, and 1936 D. Most other dates, if they are worn, are worth melt. If it is uncirculated, (brand new), it is worth more, ranging from just a little if the date is in the 1960's, to a LOT if it is a date in the 1930's. If it looks brand new, make sure you take it to a dealer and get his opinion.
2006-07-13 07:45:25 · answer #1 · answered by medoraman 3 · 0⤊ 0⤋
All silver coins minted prior to 1965 were truly silver.
The value for certain coins are determined by the numismatics, that is coin collectors.
2006-07-11 21:50:38 · answer #2 · answered by J.D. 6 · 0⤊ 0⤋
Maybe at best twice face value unless the coin is a collector coin.
2006-07-11 21:46:59 · answer #3 · answered by Bill 6 · 0⤊ 0⤋
$1000 in pre-1965 silver coins is equal to 700 ounces of silver(approx). silver is trading at $11.53 per ounce.
They are worth $8.00 per $1.00 of silver coin.
2006-07-11 23:19:41 · answer #4 · answered by -* 4 · 0⤊ 0⤋
Depends what year they are, check on EBay and compare them to what other people are getting for them
2006-07-11 21:46:50 · answer #5 · answered by Anonymous · 0⤊ 0⤋
i'm pretty damn sure a quarter is worth 25 cents
2006-07-11 22:30:19 · answer #6 · answered by Anonymous · 0⤊ 0⤋