0
Most banks in the United States are not going to buy silver from you.
Depending on what kind of silver you have, you have a few options. "Junk" silver (common-date coins, coins too worn to identify, etc.) can be sold through a pawn shop, metal dealer, or sometimes a jeweler. Be prepared to only get 50-60% of the raw metal value, though. High-quality common silver coins or scarcer dates should be evaluated by a coin dealer. You can get higher prices from a site such as eBay but you have to do more work. A dealer may buy the coins but again you'll only receive wholesale prices.
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
Can you buy silver dollars at the bank?
Some banks do sell American Silver Eagles, but they do not hold and sell silver coins that are turned in.
What 5 words to say at a bank to buy silver coins?
If you are talking about a US coin, you have to go to the US mint website to buy silver coins. Banks don't sell silver coins. They don't distribute them either.
Will banks buy silver bullions?
No, most US banks do not buy silver bullion at market value. You are best to shop around and try to find the best prices to sell your silver bullion, generally pawn shops, coin dealers, jewelry shops and even some antique dealers will buy silver bullion for close to spot price. But call around and shop around before you commit to any price.
How much are silver dollars worth to buy at banks?
You generally can't buy silver dollars or any older silver coins at a bank. Because the value of the coin greatly exceeds the face value of the coin, if someone wanted to deposit a silver dollar they would only give them $1 for it, when the coin is worth at least $30 in silver content. Because of this few people ever deposit silver coins and the ones that are deposited are bought by the bank employees as curiosities. The only "silver" dollars you might find at a bank are Eisenhower dollars, but these contain no silver and are sold for $1, but since many people keep them as curiosities, there are few banks that carry them in stock, but at some banks you might find a few. Some banks do sell silver proof sets and other collector coins, but the prices that they sell it for is much more than it would cost you to go to a coin shop and buy the exact same set for.
Where are banks which buy old coins?
Banks don't buy old coins, coin dealers will buy old coins, some jewelry stores will buy old coins, banks will take your old coins at face value and then sell them to coin dealers and and make some profit.
Will banks buy my silver bars and coins?
No, banks do not usually buy silver coins. However, you can always go to a silver and gold dealer and exchange your precious metals for hard cash there.
Can you buy silver dollars at the bank?
Some banks do sell American Silver Eagles, but they do not hold and sell silver coins that are turned in.
Can you cash a five hundred dollar silver bar at the bank?
No, banks do not buy silver. It needs to be taken to a silver & gold buyer for an assessment of value.
What 5 words to say at a bank to buy silver coins?
If you are talking about a US coin, you have to go to the US mint website to buy silver coins. Banks don't sell silver coins. They don't distribute them either.
Will banks buy silver bullions?
No, most US banks do not buy silver bullion at market value. You are best to shop around and try to find the best prices to sell your silver bullion, generally pawn shops, coin dealers, jewelry shops and even some antique dealers will buy silver bullion for close to spot price. But call around and shop around before you commit to any price.
How much are silver dollars worth to buy at banks?
You generally can't buy silver dollars or any older silver coins at a bank. Because the value of the coin greatly exceeds the face value of the coin, if someone wanted to deposit a silver dollar they would only give them $1 for it, when the coin is worth at least $30 in silver content. Because of this few people ever deposit silver coins and the ones that are deposited are bought by the bank employees as curiosities. The only "silver" dollars you might find at a bank are Eisenhower dollars, but these contain no silver and are sold for $1, but since many people keep them as curiosities, there are few banks that carry them in stock, but at some banks you might find a few. Some banks do sell silver proof sets and other collector coins, but the prices that they sell it for is much more than it would cost you to go to a coin shop and buy the exact same set for.
Can one get free silver from banks?
no
How banks work?
Banks take your money and buy mcdonalds
Can foreigners buy gold bar from banks?
No, being an nri or pio or foreigner can't buy gold from banks in india.
Where are banks which buy old coins?
Banks don't buy old coins, coin dealers will buy old coins, some jewelry stores will buy old coins, banks will take your old coins at face value and then sell them to coin dealers and and make some profit.
How were silver certificates redeemed?
You could take them to some banks and get silver dollars or other silver coins for them. There were also places that would give you $1 worth of silver bullion.
What was one problem relating to allowing banks to issue money?
some banks were issuing more money than they had in gold and silver.
