Selling Silver Coins You Have Saved All These Years

People selling silver coins is a familiar site to coininto a jar so many years ago. It is not impossible
dealers worldwide. Activity of this kind really picksthat one or more of your coins is rare, and worth
up as silver and gold markets move to new highs.much more than melt value.
Even when prices seesaw up and down during aFor example, did you know that:
major market, a steady flow common silver coins
saved from years in the past moves from attics,1. During WWII the mint made silver nickels from
basements, and old dresser drawers into the1942 through 1945. These have a large letter S,
common bin at the neighborhood coin store.D, or P above the dome of Monticello on the back
Dealers buy these coins at some number timesof each coin. These letters are mint marks that
face value, and sell them at some higher numberstand for San Francisco, Denver, and Philadelphia.
times face.2. The scarce dates among Mercury Dimes, the
What is wrong with this picture? Nothing really.dimes where Lady Liberty appears to have wings
You get to unload a myriad quantity of coins youin her hair, are the 1916-D, 1921, and 1921-D.
know are worth more to sell than to spend, with3. Even Washington Quarters can command a
little more effort than the haul down to the localpremium, especially the 1932-D.
coin shop. As I write this, in the Fall of 2008, you4. Any Liberty Standing Quarter with a clear, four
should be able to get, say, seven times facedigit date would be better sold on eBay than
value for your coins.turned in as junk silver.
The coin dealer, depending on how he runs his5. The scarce dates among Liberty Walking Half
business, may or may not search your coins forDollars are 1916, 1916-S, 1921, 1921-D, and
rare and scarce dates that he can sell at a1938-S.
premium. Even if he fails to do this he can stillWho knows, by taking the trouble to look over
easily sell the coins into the junk silver market, oryour coins before you hustle them out the door,
over the counter to those who feel that having ayou may find them interesting. They are, after all,
few of the old 90% silver coins may come inartifacts from your family history. What do you
handy should the economy totally collapse.suppose was purchased when each of these coins
But, if you have a bit more time to spend on thewas received in change?
project, consider looking through your coins forDo be careful. You may become interested. You
the ones that may be worth more than meremay become interested enough to save some of
bullion value. There are things you need to knowthese coins, putting them into collector albums.
about the silver coins your grandfather tossedBefore you know it, you're a coin collector.