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Are silver coins more valuable as coins or as the value of the silver melted down?
Wiki User
∙ 10y ago
It depends on the coin. Some are only worth their bullion value, if it's a common date in circulated condition (such as a 1964 Washington quarter). If it's a rare date, or it's in mint condition, then it's more valuable to collectors.
Wiki User
∙ 10y ago
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What is more valuableto have 100 rupee coins in silver or a RS.100 note in paper?
The silver coins would be more valuable - as the price of silver fluctuates. The value of the paper is irrelevant.
Why are coins in this country no longer made in silver?
In the 1960's, the US stopped making silver coins because of the value of the metal. For example, a silver dime's silver value is worth $2 and a silver quarter is $6. Silver dollars are worth $30. The U.S. was wasting a lot of money in silver coins and the silver value was rapidly increasing, so they had to stop. Another reason would be that people took the coins, melted it and sold it to a cash-for-gold type company. Also, they would ship or smuggle them to foreign countries which is illegal.
When comparing silver bars silver coins silver bullion silver shot or some other form of silver as a personal financial investment what typically holds the most value and why?
All forms have value as silver metal, but coins may have additional value as a collector's item. Their worth, weight and purity is already known and does not need verification.
What is the value of a eisenhower 1978 silver dollar?
No Eisenhower dollar coins regardless of date or mintmark struck for circulation contain silver and have only face value. Just some special collector coins sold from the mint were struck in 40% silver.
How much is a 1978 d silver dollar worth?
These coins contain no silver and are worth only face value.
What is more valuableto have 100 rupee coins in silver or a RS.100 note in paper?
The silver coins would be more valuable - as the price of silver fluctuates. The value of the paper is irrelevant.
Why are pennies not silver like other US coins?
At the present time, the US has silver colored coins made out of nickel, alloys of copper and nickel, and other metals, but it no longer uses actual silver, which is very expensive. Historically, when coins were first introduced in earlier civilizations, and even in the earlier years of US history, the value of a coin was the value of the metal of which it was made. Silver coins were valuable because they were made of silver, a precious metal, gold coins were even more valuable, and copper coins were less valuable because copper is a less expensive metal, although still expensive enough that coins made out of copper have value because of their metal content. Now the value of US coins is like the value of US paper currency, something that the government declares, rather than being the result of valuable metal content. But out of tradition, the higher denominations are still silver at least in color, and pennies are still copper.
Are any silver coins minted today?
Not for general circulation as the metal is far more valuable the the face value of coins being minted, however silver may be added to very special commemorative coins.
Why did coins change after 1964?
The value of silver had been rising over the years and finally it was becoming close to being worth more than the coins containing it. In order to avoid minting coins that would just be melted for the silver content, the Treasury department changed the composition of all silver coins.
What is the melted silver value of 1960 silver dollar?
No US dollar coins dated 1960 the last one was 1935, look at the coin again and post new question.
Why are coins in this country no longer made in silver?
In the 1960's, the US stopped making silver coins because of the value of the metal. For example, a silver dime's silver value is worth $2 and a silver quarter is $6. Silver dollars are worth $30. The U.S. was wasting a lot of money in silver coins and the silver value was rapidly increasing, so they had to stop. Another reason would be that people took the coins, melted it and sold it to a cash-for-gold type company. Also, they would ship or smuggle them to foreign countries which is illegal.
Have US coins always had the same value as they do now?
No, for silver coins as the value of silver changes the value of the coin changes. The same is true for gold coins.
Why are 1983 d coins valuable?
They're not valuable above face value.
Is it legal to melt down US coins?
In the US, it is illegal to melt down nickels ( and technically half dimes, but the collector value of half dimes exceed their melt value) and pennies. All other denominations can be melted, though, in the current market, the only legal to melt coins that would bring a profit if melted down would be the silver coins which can easily be resold on the open market for a higher profit just selling the coins to investors than paying someone to refine the silver.
What is the value of silver dollar coins 1989-1998?
With those dates, the coins are Silver Eagle bullion coins that are made from one ounce of silver and value is whatever the spot price of silver is at time of sale.
What is the silver value of a Franklin half dollar?
total silver value melted. $25.58 as of 2-20-12
What makes some South African silver with brass inlay R5 coins more valuable even highly valued compared to other such inlay R5 coins?
Firstly the coin is not made from silver and brass. The centre is of a golden coloured alloy and the ring of an silver coloured alloy. Secondly, as for value, that depends on the rarity of the coin. There is much hype on the value of the R5 Mandela coins. I think only a select few coins are really valuable. The rest are mere circulation coins with a value equal to its face value, for now anyway. Who knows how much such circulation coins will be worth in 50 years time? I think a lot of people spending a lot of money on Mandela R5 coins will be disappointed. Caveat emptor.
