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On the bullion market, silver can be bought for $19.72 and can be sold for $19.63 per toz. The price will depend on the amount of silver you have available.

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What do jewelers pay for gold bullion?

Jewelers typically pay a price for gold bullion that reflects the current market price, known as the spot price, which fluctuates based on supply and demand factors. Additionally, they may pay a premium over the spot price to account for fabrication costs, as well as the quality and purity of the gold. The premium can vary based on market conditions, quantity purchased, and the specific type of gold bullion. Ultimately, the total cost reflects both the intrinsic value of the gold and the operational expenses of the jeweler.


How much is a siver quarter worth?

A silver quarter, specifically those minted in 1964 and earlier, contains 0.1808 troy ounces of silver. Its value depends on the current market price of silver, which fluctuates. As of October 2023, it typically ranges from a few dollars to about $5 or more, depending on the silver market and the coin's condition. However, collectors may pay more for rare dates or mint marks.


When people and companies decide how much to pay for something or how much to charge?

Free-market system


Why are silver certificates not worth what they say ' IN SILVER'?

Silver certificates are no longer exchangeable for silver bullion due to classic supply and demand. Prior to the early 1960s the government controlled both the supply and price of all silver metal in the US. Because the price was fixed, it was possible to tie each silver certificate to a specific amount of metal; one dollar was equivalent to approximately 0.77 troy ounces of precious metal. However worldwide demand for silver skyrocketed due to increasing use in electronics and other high-tech applications. Both companies and other countries were willing to pay more than the fixed price for silver, which led to widespread speculation: People would exchange silver certificates for metal at the government's price, sell the metal for more on the open market, take the profit and re-exchange the rest for silver certificates which they exchanged again ... and so on. Speculation was so rampant that silver coins almost vanished from circulation and the government's stores of silver bullion were being depleted at an alarming rate. To prevent the money supply from being undermined the government stopped exchanging silver certificates for metal. In addition they had to deregulate the price of silver in the US and let it "float" on the world market like any other commodity.


What is value of ten ounce silver bar?

Some bullion merchants will rely on a 'fix' price (i.e. set once a day (twice, for gold) by the London Bullion Market Association), while others rely on a constantly-varying 'spot' price. Of course, in order to make a living, merchants have to buy at slightly less than the official price (if you are offered less than 95% of the actual price, go elsewhere) and sell at more than the official price (about 110-120% of the price is standard; in some countries such as the UK there is additionally a 17.5% tax on silver which is not payable on gold, hence expect to pay up to 140% of the official price). The latest 'fix' price for an ounce of silver (and gold) can be found here : http://www.lbma.org.uk/statistics_current.htm The latest 'spot' price can be found here : http://www.taxfreegold.co.uk/silverpricessterling.html http://www.taxfreegold.co.uk/silverpricesusdollars.html Graphs of silver and gold prices can be found at : http://www.kitcosilver.com/charts.html http://www.kitco.com/charts/livegold.html

Related Questions

Where can I look online to find legitimate places to sell silver bullion?

There are places like http://www.bulliondirect.com/ that will buy your silver bullion. They're "legitimate" in tha they'll actully pay you what they say, but they'll pay way below market rates.


What is a luxor Las Vegas millennium edition Ten Dollar silver coin worth?

It's worth the most someone will pay you. To determine bullion value you take the weight of the coin (18 grams) and divide by 31.1 Next multiply by the market price of silver. ($27.80 currently) To a scrap buyer it is currently worth $16. Much more than the scrap buyer would be willing to pay.


Does collecting junk silver coins pay?

Only if you are collecting the coins for their silver or bullion content. The melt value depends on the silver price that changes daily in line with demand and supply. Collecting bullion coins is a way of preserving wealth in uncertain economic and political times. Coins are portable and gold coins, ounce for ounce, is obviously more valuable. Bullion does not pay interest or dividends, hence some investors prefer gold or silver mining shares, as they generally pay dividends. Some pundits say one should have 5% of ones wealth in bullion. As with everything, diversification is essential and I would not put all my eggs in one basket. I hope that helps.


Can you demand payment in 1.00 face value American Eagle silver bullion coins for silver certificates?

Not anymore. It used to be that until 1968 you could demand payment in silver for them and they would usually pay out in Morgan or Peace dollars.


What percent do the gold and silver buying stores keep from the melt value?

It depends GREATLY on the store. The one I go to for bullion works on a 3% margin. Whenever you sell to them they pay 97% of spot. Whenever you buy you pay spot + 3% on common bullion. There's some places that buy for as low as 20% of melt! Some places that buy at 95% of melt and sell for 100% of melt. Etc. Keep in mind though that the same shop will pay different prices depending on how much you are selling (in general, the more you sell the more they'll pay), what you're selling (things that take a long time to sell such as odd-denomination or foreign coins will be bought at a discount when compared to easily-sellable coins) and what the company thinks silver prices will do (if a company thinks that silver is going to go down within the next week they will be less likely to pay close to spot, if they think that silver will go up majorly they will be more likely to pay close to spot or even above spot!) Your best bet is to call around to local coin, bullion, jewellery, and pawn shops and see which one offers to pay the most. If you're talking "junk silver" just ask how much they pay times face, or how much per $1 face value, since you're talking about just junk silver, they don't need to see the coins to tell you how much they'll offer.


Looking for the value of a 1986 one ounce silver walking liberty one dollar coin?

The value right now is $19.18, that is spot price of silver as I type this. The price of silver (and gold) change by the minute. Most buyers I know will pay spot price for bullion coins at the time of sale if they are good clean coins with no scratches or marks. Please note: This is called an American Silver Eagle, it's a bullion coin and the true value is just for the silver.


How much are Franklin mint silver ingots worth?

The value of Franklin Mint and other private mint sets are based primarily the silver bullion value, but other factors include rarity, condition, attractiveness, completeness, etc. Start with the bullion value. The Rockwell's Fondest Memories set has 10 1500-grain sterling silver ingots. Silver bullion value as of today is calculated as follows: (1500 grains*10 ingots = 15000 grains; 15000 grains/480 grains/oz = 31.25 troy oz Sterling; 31.25 oz * 0.925 purity = 28.9 oz. pure silver; 28.9 oz silver @ $13.67/oz = $395). The silver price is constantly changing, so the bullion value changes with it. This particular set is not unusually rare. If you are buying this set from a coin dealer or website, expect to pay a 20%-30% premium over the bullion value. If you are selling, expect to get an offer of 20%-30% less. For details of this particular set, you can check it out on my website at http://www.franklin-mint-silver.com/franklin-mint-rockwells-fondest-memories-ingots.htm.


How much will you get for selling silver at a pawn shop?

As much as they are willing to pay


How much does Boston market pay?

8.00/11.50


How much money does Boston market pay?

8.00/11.50


What is the value of a Liberty head silver dollar with no dates stars all around in front and on back eagle that says one troy ounce of 999 fine silver?

It is not a silver dollar, but a silver "art bar" and its value is directly tied to the spot price of silver. Right now that is about $13 an ounce, so expect a dealer to pay about $10 and sell for $15.


How much is silver member for Xbox live?

Silver is free. Gold is the one you have to pay for and its $ 7.99 a month usd