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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.

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