Letter Re: Calculating The Bullion Value of US Silver Coins
Mr. Rawles: My parents and grandparents gave about $60 face value in junk silver coins, including a few Morgan and “Peace:” dollars. The quarters and dimes are all 1964 and earlier, but some are the 50 cent pieces were made in the late 1960s. (Those are 40% [silver content], right?) With silver now rocketing up past $20 an ounce, how do I determine the current market value of these coins? Thanks, – G.E.T. JWR Replies: To calculate the silver metal value of 90% silver pre-1965 mint date US dimes, quarters, and half dollars: A $1,000 face value bag contains approximately …