MELT VALUE OF US SILVER COINS*** Many of these coins have numismatic value above their melt value. We pay for this value. Call for a free no obligation quote today! 303-500-5159
What Is The Silver Coin Melt Value?
Just about every coin minted from silver has a precise silver coin melt value that is proportionate to the present spot prices of the metal. That’s why silver coin melt values change a lot. Generally, if you know the silver coin’s weight, purity, and current spot rate, you can easily determine its melt value. Usually, when you sell a silver coin at melt value, you will not necessarily get the exact spot rate, but around 5% below the so-called market value. So, if your coin is worth $100, you’ll get around $93 to $95 for it, mainly depending on who you sell it to.
When you sell a U.S silver coin to us, the team at NPMEX strives to ensure that you are paid the highest possible price. Often, the coins have numismatic value, which means they should be fairly worth above the current market price of silver. At present, we have the best deals for silver coins and offer excellent deals on other metals too. We serve both individual collectors and businesses alike, both of whom can expect the highest possible prices. The melting process is usually accomplished within a day, and we will pay you instantly as soon as you agree to our offer.
You can use the chart below to figure out your silver coin(s) present melt value and then decide to sell it or get an offer for it. Alternatively, you can use a free online melt value calculator.
Calculating the Melt Value Of United States Silver Coins
In most cases, you are calculating the melt value of damaged silver coins as opposed to ones in mint condition. One of the reasons why you want to calculate the melt value is to be in the know, as they say about if what you are being offered is fair. At NPMEX, we educate people about what they can expect when they buy or sell silver coins, just so that they don’t leave any money on the table.
We will go into determining a silver coin’s melt value and how you can calculate it a little later. That way, you know if we are making you a generous offer!
You will need a digital scale to weigh your coin if you aren’t sure of its weight. Usually, damaged coins tend to weigh a little less because small pieces may have broken off. Once you know the weight and the current spot price, you know what the coin is worth based on the present market value of silver. Once you get that market value figure, the melt value is generally 95% of that figure.
The Melt Value of .999 Silver Coins
If you have damaged silver coins, which probably have deep scratches, but with .999 purity, it is usually best to sell them at metal value. Usually, these are not good enough to be resold. However, you will also need to make sure that your silver coins are .999 silver.
The Melt Value Of 925 Silver Coins
It is also referred to as sterling silver and is one of the most common purities of silver for minting coins. The melt value of these coins is usually not great, but if the coins can’t be resold, it is best to sell them at their melt value. Generally, 925 or sterling silver coins are recycled into new coins after having been melted down.
.900 Silver Coin Values
.900 silver coins are as common as ones made from sterling silver. The difference in value is only 2.5% compared to .925 silver. Again these coins are recycled into new silver coins after being melted down.
When Should You Sell Silver Coins At Melt Value?
We often tell people that all silver coins are generally worth more than the face value since the prices of silver have increased exponentially in recent years. Today, the typical silver dollar is worth $20 instead of the $1 face value. That said, some silver coins are worth more than the value of the silver metal used in the coin. The value is referred to as numismatic or collectible value. Usually, these are collectors’ coins, which means that a collector will pay more for them based on their age and rarity. If anything melting these so-called collectors’ coins is a waste of money. Take, for instance, the 1922 Peace dollar coin in great condition is worth around $50, whereas its melt value is $18 which is irrelevant of present silver prices.
If the silver coin is severely damaged, i.e., it is broken, has deep scratches, etc., it would be better to sell it at its melt value. Most collectors are looking for silver coins in mint condition, and if the coin is damaged, they may not want it.
You can do a bit of research by looking up the age and the type of coin(s) you have. Again the condition plays an important role in its value. Usually, uncirculated mint condition coins are worth double the value compared to worn or corroded coins. Often coins with unusual mistakes, aka minting errors, can be worth more.
If you have a question about the mint value of a silver coin, feel free to contact us today.