How to Calculate the Value of Junk Silver Coins: 6 Steps (2024)

FAQs

How to Calculate the Value of Junk Silver Coins: 6 Steps? ›

Multiplying your collection's weight by the current price of silver will yield the total value of your junk silver. For example, if you have 71.5 troy ounces of silver, and the current spot price is 32 dollars, then your junk silver is worth (71.5 * 32) or $2288.

The most straightforward way to calculate the value of a silver coin is by multiplying its silver content by the current spot price of silver. For instance, if a coin contains one troy ounce of silver, and the current spot price of silver is $25, the coin's melt value (the value of its metal content) is $25.

The formula is: rate of silver per gram x weight of silver x purity of silver.

The value of a coin is based on its date, mintmark, mintage, and condition. Run an online search to identify what kind of coin you have, then contact a local coin dealer to assess your coin's value. Check recently sold eBay listings to see what people are paying for your coin type.

A 90% silver quarter contains 0.1808479 of an ounce of silver, so 5.5 of them adds up to one troy ounce. Since you can't have half of a coin, rounding up means it takes six silver quarters to make more than a troy ounce. To add up to an ounce of silver, it takes three pre-1965 half dollars, six quarters, or 14 dimes.

How Much is Silver Worth? If you've identified your silver as sterling silver or have found its level of purity, determining its value is relatively simple. If your piece has a lower purity than sterling silver, multiply the percentage by the weight, and multiply that product by the current price of silver.

How do pawn shops calculate silver value? ›

Do pawn shops pay based on the silver content or the face value of the coin? Pawn shops typically pay based on the silver content of the coin rather than the face value. The value of the silver content is determined by factors such as the purity of the silver and the weight of the coin.

Silver does not bind into diatomic molecules like nitrogen and hydrogen do. So its symbol is just Ag, or if you want to be more detailed in standard circ*mstances, you'd say Ag (s) to indicate it is solid at room temperature and normal pressure.

Statistics: » There are 0.1808 troy ounces of silver in 1 silver Washington quarter(s). » Each Washington quarter contains 0.1808 troy ounces of silver and is valued at $5.35 when silver is at $29.57 / ounce. » A roll of Washington quarters has 40 coins and is valued at $213.91 when silver is at $29.57 / ounce.

Weight. The weight of your coins is probably one of the most accurate ways to tell if your silver coins are valuable. Since the silver market is measured by weight, you can look at the current price of silver and use that to determine your coin's value based on how much your coins weigh.

Reputable coin dealers, Coin Auctions, eBay, and Price Guides are great places to start. If your coins are graded by one of the Top Tier grading services like PCGS or NGC, you can usually get a reasonable value estimate sight-unseen!

To calculate the value of a silver dollar, you multiply its fine silver content by the current spot price for silver. A silver dollar contains 0.7735 troy ounces of pure silver, so at the time of writing a silver Dollar would be worth over $17 on metal value alone.

To calculate the melt value of this coin, you simply multiply the silver weight times today's spot price.

$10 Face Value Circulated "Junk" 90% Silver Coins Details:

Contains approximately 7.15 troy ounces of silver.

Junk refers to the collectible value of the coin. These silver bags are a cost-effective way to invest in silver that is also easily divisible. This bag contains pre-1965 silver coins with a face value of $100, for a total of approximately 71.5 Troy oz of silver.