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They're not pure silver, they're 90% silver.
If you have common-date 90% silver coins in circulated condition, the price will fluctuate with the precious metals market. Currently, the spot price of silver is somewhere near $14 a troy ounce. At that price, the melt value of a quarter is $2.50, so a dealer should pay about $2 for a pre-65 quarter and sell one for $3. In large quantities ($1000 bags) the prices will be closer to the melt value.
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