Silver Facts

cropped-silver coins1The “spot” price of silver changes hourly so the actual value of your silver is dependent on the spot price at the time of the transaction unless a price is “locked in.”Silver is currently about $16-$17  an ounce and changes hourly! (September 2017)

Check here for current Silver Prices!

Please note that American coins before 1964 are 90% silver. Silver bars/rounds are normally .999 silver. The silver content of “sterling” silver is 92% pure. Most of todays handled American currency minted since 1965 is silver clad meaning is silver in appearance but not silver.

Any combination of 90-percent silver U.S. coins which have a face value of US$1.00 contains 0.715 troy ounces of 99.9-percent silve (0.7234 troy ounces if uncirculated), except for the silver dollars (Morgan and Peace) which contain .7736 troy ounces of silver. In other words, a full troy ounce of 99.9-percent silver is contained in any combination of 90-percent silver U.S. coins which have a face value of US$1.40.

Dollars

Morgan (1878–1921) — 90-percent silver

Peace (1921–1928 and 1934–1935) — 90-percent silver

Half-Dollars

Liberty Head “Barber” (1892–1915) — 90-percent silver

Walking Liberty (1916–1947) — 90-percent silver

Franklin (1948–1963) — 90-percent silver

Kennedy (1964) — 90-percent silver

Kennedy (1965–1970) — 40-percent silver

Quarters

Liberty Head “Barber” (1892–1916) — 90-percent silver

Standing Liberty (1916–1930) — 90-percent silver

Washington (1932, 1934–1964) — 90-percent silver

Dimes

Liberty Head “Barber” (1892–1916) — 90-percent silver

Winged Liberty Head “Mercury” (1916–1945) — 90-percent silver

Roosevelt (1946–1964) — 90-percent silver

Nickels

Jefferson “Wartime” (1942 (partial)-1945) — 35-percent silver

What is a silver round?

    From Wikipedia:  Privately minted silver coins are known as silver “rounds” which usually have a set weight of 1 troy ounce of silver (31.103 grams of 99.9% silver). These carry all sorts of designs, from assayer/mine backed bullion to engraved automobiles, firearms, armed forces, commemorative, holidays, etc.

What’s the difference between silver rounds and silver American Eagles?

    Rounds are not monetary units. American Eagles are produced by the U.S. Mint and are a form of currency (even though a 1-ounce silver American Eagle with an approximate silver content of $40-$50 is stamped with “One Dollar”). Rounds and American Eagles are .999+ silver and each contain 1 troy ounce of silver.

Junk silver is an informal term used in the United States, United Kingdom, Canada and Australia for any silver coin which is in fair condition and has no numismatic or collectible value above the bullion value of the silver it contains. Such coins are popular among people seeking to invest in silver, particularly in small amounts. The word “junk” refers only to the value of the coins as collectibles and not to the actual condition of the coins; junk silver is not necessarily scrap silver.

Precious metals including silver are measured in troy ounces (ozt). A spot price for silver is the price for a troy ounce of silver which is 99.9-percent pure, or 999 fine. Silver coins including junk-silver coins have set silver-alloy contents ranging from 35-percent to 90-percent or more. The term “coin silver,” for example, refers to 90-percent silver alloy which was the most common alloy used to mint silver U.S. coins.