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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.
Wiki User
∙ 9y ago
Wiki User
∙ 11y agoNo. To sell silver, take it to a coin dealer, jeweler, or pawn shop.
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How much does silver cost to buy?
The price of silver changes every day. You can get a rough idea of how much it costs by putting the words SPOT PRICE SILVER into a search site. They you have to decide HOW you'll buy your silver. You can buy bars at a price close to the spot price, or you can buy bullion coins like the American Eagle "dollars". The coins will cost more per ounce but they may have a more stable market. What you do depends on why you're buying the metal and how much of it you want to have.
What is the current buy price of circulated silver coins?
The buyers I deal with are paying 8 to 10 times face value for 90% silver coins depending on the spot price of silver at time of sale. This may be different in your area.
How much does a silver coin cost?
A newly-minted, pristine American Silver Eagle that costs about 9% over spot. A bag of 90% silver coins can be had for 1% under spot. If you buy the bags, you can get 10% more silver!
How much do silver coins sell for?
Most old US silver coins were made of 90% silver and 10% copper (*) so at worst you'll get their current metal value from a scrap dealer, minus their profit of course. That varies depending on the current price of silver so you'll have to check a site that monitors prices. Of course, most of those "we buy old coins" places will take a heavy cut for their profit so you might be lucky to get 1/2 to 2/3 of their raw metal value. Also, depending on the coins' dates and conditions they might be worth a LOT more to a collector so selling them for scrap would be like selling a painting for its canvas. If any of the coins are earlier than the 1950s you should check out their collector values before selling.
How do you get more coins in evony?
you can buy them or you can get them from amulets
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.
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.
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.
What kind of things does Infinity Coins Buy?
This is right from their website www.gizandgad.com in the Selling to Us section * Silver Dollars * Silver Half Dollars * Silver Quarters * Silver Dimes * Silver Rounds * Silver Bars * Gold Coins * Gold Bars * Gold Rounds * Old Coins * Foreign Coins * Large Size Paper Money * Small Size Paper Money * Silver Certificates * Gold Notes * Red Ink Notes * Star Notes * Old Notes * Emergency Currency * Foreign Paper Money * Slab Coins * Error Coins * And just about all other money related items
Do banks buy silver?
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.
Where in Tucson AZ do they buy silver coins?
Tucson AZ buy silver coins in 6470 North Oracle Road.
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.
How much does silver cost to buy?
The price of silver changes every day. You can get a rough idea of how much it costs by putting the words SPOT PRICE SILVER into a search site. They you have to decide HOW you'll buy your silver. You can buy bars at a price close to the spot price, or you can buy bullion coins like the American Eagle "dollars". The coins will cost more per ounce but they may have a more stable market. What you do depends on why you're buying the metal and how much of it you want to have.
How can I invest in Bar Silver?
Anywhere that sells gold or silver coins can usually sell or order silver or gold bars as well. If you want to purchase online, www.goldsilver.com is a good place. Monex.com is a trusted place to buy silver coins and buillon. There is an entire market for Bar Silver that can be accessed by simply finding a broker or by using an online site. Even the phone book has companies that deal with silver.
Where can I buy silver bars online?
At New York Gold Company we offer the very best silver bars created by leading mints in various countries, and we provide customers with expert advice to help them make the best choice according to their needs. Contact us to learn how we can help you find the best gold bars and coins for investment purposes.
Do banks buy gold coins?
Banks will happily buy gold coins for their face value - since this is nearly always far less than they are actually worth. If you wish to sell your coins for their actual value, take them to a reputable goldsmith.
Where can you buy large silver coins?
you go to the store!
