The value of a silver coin depends on several factors:
- Silver content: The percentage of silver in the coin directly affects its melt value. For instance, pre-1965 US dimes, quarters, and half dollars contain 90% silver, while some later half dollars contain 40%. Modern coins like the American Silver Eagle contain nearly 100% silver.
- Spot price of silver: This is the current market price of silver per ounce, gram, or kilogram. The melt value of the coin will fluctuate with this price.
- Numismatic or collectible value: Rarity, condition (grade), minting year and location, and historical significance can make a coin valuable beyond its silver content. For example, a 1794 Flowing Hair silver dollar, one of the first ever minted, sold for over $10 million in 2013.
- Condition or grade: Coins in excellent condition or with specific collectible features (like proof coins) will generally be worth more than damaged or heavily circulated coins. Damaged coins are often referred to as “junk silver” and are valued primarily for their silver content.
- Demand and premium: Certain coins might command higher premiums (prices above their melt value) due to strong demand from collectors or investors.
As of August 12, 2025, the spot price of silver is around $37.95 per ounce. The melt value of various US silver coins can be calculated based on their silver purity and the current spot price. For example:
- 90% Silver Dimes (e.g., Roosevelt Dimes 1946-1964): Melt value is approximately $2.75.
- 90% Silver Quarters (e.g., Washington Quarters 1932-1964): Melt value is approximately $6.86.
- 90% Silver Half Dollars (e.g., Franklin Half Dollars 1948-1963): Melt value is approximately $13.73.
- 90% Silver Dollars (e.g., Morgan Dollars 1878-1921): Melt value is approximately $29.35.
- 40% Silver Half Dollars (e.g., Kennedy Half Dollars 1965-1970): Melt value is approximately $13.73.
- Silver Eagles (1986-Date): These are essentially valued at the current spot price of silver, which is about $37.91.
Important Note: The values listed above are melt values and can fluctuate with the market price of silver. Collectible coins can be worth significantly more, so it is recommended to get a professional appraisal for valuable coins.
Does coin silver have any value?
Good point! Yes, 90% silver coins, also known as “junk silver,” can be a valuable investment. These coins, including pre-1965 U.S. dimes, quarters, and half dollars, are worth their silver content and can appreciate in value due to their historical significance and rarity.
How to find the value of a silver coin?
Check Melt Value: The melt value of a silver coin refers to the value of the silver content itself. To calculate this, weigh your coin and multiply its weight by the current market price for silver. This gives you a baseline value, but remember that collectible coins are often worth more than their melt value.