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Has the value of old US silver coins increased proportionately or significantly higher this year due to the higher price of silver Do you expect this to continue as the silver price rises?
Wiki User
∙ 16y ago
Common date silver coins follow the spot silver value. A dollars worth of 90% silver coins contains about .72 troy ounces of silver, so .72 X Spot is the "melt value." Dealers will usually buy for about 90% of melt and sell for 110%. Numismatic values of scarcer coins will increase with the spot price, too, but not proportionally. When silver prices hit $50, many coins with a small collector value disappeared because they were worth more to melt, and those worth a significant premium hit new highs, too.
Wiki User
∙ 16y ago
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