Crazy Climber Posted March 7, 2008 Share Posted March 7, 2008 (edited) Hello I got about $20 worth of old Silver Dollars lying around. I know they are not super valuable or anything but I am pretty sure they are worth more than a buck. Anybody know where I can unload them, I am not a coin collector so I would just want to sell them. I just don't want to get ripped off since I don't really know what there value would be. Thanks *Update While looking for my Silver Dollars I found some cool old coins, I posted some pics in post #34 Edited March 10, 2008 by Crazy Climber Quote Link to comment Share on other sites More sharing options...
accousticguitar Posted March 7, 2008 Share Posted March 7, 2008 Silver is about $20 an ounce now so I'd say you are sitting on about $400 in silver value alone assuming they are the real silver ones. Quote Link to comment Share on other sites More sharing options...
Chickybaby Posted March 7, 2008 Share Posted March 7, 2008 Love stuff like that myself. I always loved collecting coins as a kid and still tend to keep "wheat" pennies as well as silver and bicentennial quarters rather then spend them. We also have a big jar of odd coins that we add to whenever. You'd probably have to check one of those coin collector books to see if they are worth anything and that would depend on the year, condition etc. i have no idea though myself, lol. I also highly doubt a pawn shop would give you the possible $400 value if they are all silver. Quote Link to comment Share on other sites More sharing options...
Wester Posted March 7, 2008 Share Posted March 7, 2008 DO NOT TAKE THEM TO A PAWN SHOP! Look in your local phone book for coin shops, if there aren't any in your area find one in a neighboring town. Just don't sell them before you know their real value. Coin books and pricing magazines are great if you are familiar with grading the condition of the coins, but you could be missing out on some cash if the coin is graded incorrectly. Condition is the main concern for coins, for a "key date" (i.e. low production or important date) coin it could mean hundreds of $ difference. Quote Link to comment Share on other sites More sharing options...
+Psionic Posted March 7, 2008 Share Posted March 7, 2008 (edited) Silver is about $20 an ounce now so I'd say you are sitting on about $400 in silver value alone assuming they are the real silver ones. Indeed. That's if these are real "silver" dollars, which is often not the case. Which ones are they, CC? Edited March 7, 2008 by PingvinBlueJeans Quote Link to comment Share on other sites More sharing options...
y-bot Posted March 7, 2008 Share Posted March 7, 2008 "Real" silver dollars made in 1935 and before are not pure silver and do not weigh 1 ounce. They have .77 ounces of silver and the melt value is about $16. Eisenhower dollars made between 1971-78 have no silver in them and are only worth $1 if they have been circulated. They did make some Esienhower dollars for collectors that are partially silver that come in either a blue envelope or a woodgrain box. There are also American Silver Eagles made from 1986 until now that are marked $1 but are also one troy ounce of .999 fine silver. If they are old silver dollars the value depends on the condition, the date and the mint mark. Post a list here or you can call me at work later. Toby @ Coin Corner & Hobbies 503-656-1835 open 10-5 PST Quote Link to comment Share on other sites More sharing options...
Crazy Climber Posted March 7, 2008 Author Share Posted March 7, 2008 Thanks for all the help guys, I'll check them tonight after work. I had a feeling they might be worth more then a buck a piece Quote Link to comment Share on other sites More sharing options...
jaymz887 Posted March 7, 2008 Share Posted March 7, 2008 Thanks for all the help guys, I'll check them tonight after work. I had a feeling they might be worth more then a buck a piece i love collecting coins when i get to go to coin shows... your coins if they are morgan coins they are worth something...check out littletoncoin.com its one of my site i go shop. hope this helps Quote Link to comment Share on other sites More sharing options...
catbox_9 Posted March 7, 2008 Share Posted March 7, 2008 Silver is about $20 an ounce now so I'd say you are sitting on about $400 in silver value alone assuming they are the real silver ones. They aren't worth $400 - there isn't an ounce per silver dollar (unless you have those American Silver Eagles which don't circulate). To the original poster, coinflation is a good reference for the melt value of coins. The current melt value is $15.59 each. Quote Link to comment Share on other sites More sharing options...
homerwannabee Posted March 7, 2008 Share Posted March 7, 2008 Silver is about $20 an ounce now so I'd say you are sitting on about $400 in silver value alone assuming they are the real silver ones. They aren't worth $400 - there isn't an ounce per silver dollar (unless you have those American Silver Eagles which don't circulate). To the original poster, coinflation is a good reference for the melt value of coins. The current melt value is $15.59 each. That is still over $300 in melt value. Still pretty good if you ask me. Quote Link to comment Share on other sites More sharing options...
Shawn Posted March 7, 2008 Share Posted March 7, 2008 If you have 1975, 1981, 1984 or 1986 I'd be intrested as those are mine and my sisters birth years and I don' have an amercian dollar coin for them yet. I like to collect birth year coins. Quote Link to comment Share on other sites More sharing options...
Recycled Posted March 7, 2008 Share Posted March 7, 2008 Worthless. You're better off just shipping them to me. Quote Link to comment Share on other sites More sharing options...
Wester Posted March 7, 2008 Share Posted March 7, 2008 Silver is about $20 an ounce now so I'd say you are sitting on about $400 in silver value alone assuming they are the real silver ones. They aren't worth $400 - there isn't an ounce per silver dollar (unless you have those American Silver Eagles which don't circulate). To the original poster, coinflation is a good reference for the melt value of coins. The current melt value is $15.59 each. If we are talking Morgans then the term "melt value" shouldn't even be used. Quote Link to comment Share on other sites More sharing options...
EricDeLee Posted March 7, 2008 Share Posted March 7, 2008 I'll give you $1.01 each. You pay shipping. I'll... even send you 5 Combat carts. I think that should be enough to even out the trade. LOL Quote Link to comment Share on other sites More sharing options...
[d2f]Iggy*SJB Posted March 7, 2008 Share Posted March 7, 2008 Please add my name to the "potentially interested parties" list. I've been collecting coins(mostly circulated...I'm not rich) for a long time. Beware of some coin shops, though. Some of them(the ones that look like junk-shops, with crap piled high and hardly anywhere to walk) will barely give you double the face value....if even that. Check your local newspapers, I often see large ads for "We buy coins, bills, jewelry"...and while they are usually at large store locations, chances are you will get a better price. I have a nice load of silver pieces, mostly quarters and half-dollars. I also have a couple of Morgan Dollars that are in SWEET condition(uncirculated! WOOT!)...but I don't plan on parting with any of mine. I also have a nice collection of foreign money. Quote Link to comment Share on other sites More sharing options...
+Charlie Cat Posted March 8, 2008 Share Posted March 8, 2008 Hi Fellas: My God, you people have no lives. You collect "Coins" for goodness sake!!! *Tisk-Tisk*..... Nah, i'm just pulling your legs (-_^). Coin collecting is cool! Now "Stamp Collecting", is even cooler!! I love that hobby. Anthony.... Quote Link to comment Share on other sites More sharing options...
Dusk2600 Posted March 8, 2008 Share Posted March 8, 2008 a year or 2 ago i got 3.00 in mercury dimes i think they are called, got 25.00 for them very nice turnaround goodluck CC Quote Link to comment Share on other sites More sharing options...
accousticguitar Posted March 8, 2008 Share Posted March 8, 2008 Is it legal to melt silver dollars? Quote Link to comment Share on other sites More sharing options...
supercat Posted March 8, 2008 Share Posted March 8, 2008 Is it legal to melt silver dollars? There's nothing illegal about it, but unless silver dollars are in really bad shape their collector's value as silver dollars exceeds the worth of the metal contained therein. That is especially true given that silver-bearing alloys are generally worth less than the value of the pure silver that could be extracted. Quote Link to comment Share on other sites More sharing options...
[d2f]Iggy*SJB Posted March 8, 2008 Share Posted March 8, 2008 Is it legal to melt silver dollars? There's nothing illegal about it, but unless silver dollars are in really bad shape their collector's value as silver dollars exceeds the worth of the metal contained therein. That is especially true given that silver-bearing alloys are generally worth less than the value of the pure silver that could be extracted. Quoted For Truth! Quote Link to comment Share on other sites More sharing options...
Zwackery Posted March 8, 2008 Share Posted March 8, 2008 Extracting iron from a one dollar bill: http://www.stevespanglerscience.com/experiment/00000126 note section at end clarifying the destruction of money Quote Link to comment Share on other sites More sharing options...
Joystick Jolter Posted March 8, 2008 Share Posted March 8, 2008 Cant believe not one person has stated the obvious yet......Check the dates on eBay..If that doesn't give you a good idea of their worth nothing will....No book or dealer will tell you what market will bear.....Hope this helps. anthony Quote Link to comment Share on other sites More sharing options...
y-bot Posted March 8, 2008 Share Posted March 8, 2008 Thanks for all the help guys, I'll check them tonight after work. I had a feeling they might be worth more then a buck a piece i love collecting coins when i get to go to coin shows... your coins if they are morgan coins they are worth something...check out littletoncoin.com its one of my site i go shop. hope this helps Littleton Coin has very high prices. I would suggest finding a coin store in your area and comparing the prices you are paying. I think you'll be surprised. Quote Link to comment Share on other sites More sharing options...
y-bot Posted March 8, 2008 Share Posted March 8, 2008 If you have 1975, 1981, 1984 or 1986 I'd be intrested as those are mine and my sisters birth years and I don' have an amercian dollar coin for them yet. I like to collect birth year coins. Shawn, there are no American $1 coins dated 1975. They made the bicentennial 1776-1976 coins for two years. There's a Susan B. Anthony $1 from 1981 but it can only be found in sets, they were never put in to circulation. No $1 coin from 1984 and only the American Silver Eagle $1 coin from 1986 that is also 1 ounce of silver. The 1981 coin is worth roughly $5 and the 1986 coin is roughly $24. Quote Link to comment Share on other sites More sharing options...
y-bot Posted March 8, 2008 Share Posted March 8, 2008 Please add my name to the "potentially interested parties" list. I've been collecting coins(mostly circulated...I'm not rich) for a long time. Beware of some coin shops, though. Some of them(the ones that look like junk-shops, with crap piled high and hardly anywhere to walk) will barely give you double the face value....if even that. Check your local newspapers, I often see large ads for "We buy coins, bills, jewelry"...and while they are usually at large store locations, chances are you will get a better price. I have a nice load of silver pieces, mostly quarters and half-dollars. I also have a couple of Morgan Dollars that are in SWEET condition(uncirculated! WOOT!)...but I don't plan on parting with any of mine. I also have a nice collection of foreign money. This information couldn't be more wrong. Those people that run ads in the paper will rip you off 100% guaranteed. I'm sure there are plenty of rip-off coin stores too but if you find one that has been in business for awhile they will probably treat you fairly. Quote Link to comment Share on other sites More sharing options...
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