HERE IS TODAYS SILVER SPOT PRICE PER OUNCE

HERE IS AN EXAMPLE OF A SIMPLE TRANSACTION

Say you found or have 4 silver Washington quarters and 2 silver half dollars. Lets say today's price of silver is at $18 per ounce. Now, look at Chart A. Each silver Washington quarter would be worth about $3.00 and each silver half dollar would be worth about $6.00. If we multiply 4 X $3.00 = $12.00 and 2 X $6.00 = $12.00. Thats a total silver value of $24.00. A coin dealer would give you a little less than that and a private collector would propably give you more. There is also a numismatic (antique or rare) value which could be added to each coin. All terms are negotiable and you need a willing seller and a willing buyer. Remember: Strong trees bend in the wind and weak trees snap! Be realistic, give a little and you might get alot.

CASHING IN: Where can I sell the coins I have found?

1. COIN DEALERS:

NEVER CLEAN YOUR COINS! They are more valuable to a dealer if left just the way you found them. If you are in a hurry to sell your coins see the "Contact" information below.

All of these dealers will pay you the daily "spot price of silver" as well as pay you more for the numismatic value of any rare coins you bring to them. Coins that are rare or Very Fine (VF), Extra Fine (EF), Almost Uncirculated (AU), or Uncirculated (UNC) - Brillant Uncirculated (BAU) or Proofs (PR) are worth more. In some cases much more. NOTE the silver currency chart showing silver spot prices and value of coin denominations (CHART A). Coin dealers will be happy to "appraise" the coin value and make you a offer, but is the offer fair and realistic? Don't be afraid to get a second or third opinion. Remember if you found the coin in change and just paid for it's numeric value, you are making out. Don't be unrealistic - this only sabotages your potential. There is a learning curve and trade secrets to coin collecting.

HERE ARE A FEW COIN COLLECTING TRADE SECRETS:

1. Silver prices usually run in a 30 year cycle. As of May of 2011 silver went to a high of $48 per ounce. It has been fluctuating between $25 and $35 since. If you are planning to live another 30 years - you can afford to hold onto your coins. If not - SELL NOW!
2. Because so many people have happily cashed in their silver coins there is a large quantity of AU and BAU silver dimes, quarters and halves in the "JUNK SILVER" trays. When silver goes over $35 per ounce you will even find silver PROOF coins. These are more valuable coins, which you can pick up at junk silver prices. If you are a collector your coin books will look bright and valuable.
3. Some coin shops and dealers have "CULL" silver dollar trays. These are beat up, painted over or more common dates. However, some of these might be XF - AU grade. Coin dealers who sort through thousands of coins each week can get tired and cranky - and slip up if distracted. They can also get toxic metal poisoning which can "fry their nerves". They need to use gloves or do a heavy metal cleanse. (Copper pennies can be especially toxic). I have even discovered CC (Carson City) silver dollars in these trays as well as other semi rare dates.
4. In my opinion your best investment is silver. WHY? Because silver should have a classic 15 to 1 ratio with gold. In other words if gold is $1,500 per ounce, then silver should be $100 per ounce. The price of sliver is being held down by gold market investors. Its an old story - just watch the "Wizard of Oz" and look for the hidden meanings. Someday soon it might bust loose and when it does a lot of silver holders are going to be very happy.
5. In these times the real value is in commodities - especially food and fuel. You can't eat your silver coins. Why not invest some of that silver into a food bank for you and your loved ones and neighbors - and don't leave out the pets. I wish you happy silver coin hunting.

NEW FEATURE:
Visit The COIN SHOP in Ukiah for Great Prices and Service

RECOMMENDED COIN DEALERS

BRUCE BRAGA RARE COINS and COLLECTIBLES

THE COIN SHOP UKIAH, CALIFORNIA

DON RINKOR RARE COINS

SAN RAFAEL RARE COIN COMPANY

SIERRA GOLD & COIN - JOHN ENGELHARDT - GRASS VALLEY - GOLD COUNTRY

JACK H. BEYMER RARE COINS
is now WITTER COINS which also has a coin shop in SAN FRANCISCO

Webmaster: Robert W. Matson (707) 522-0550
or Email: Robert@northofsf.com
Two Decades Experience With US Silver Coins 1878 - 1964
Lifetime Member #95: Redwood Empire Coin Club

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JENNYS INTRODUCTION to COIN COLLECTING
The Next Generation of Coin Collectors

Here is Jennys comprehensive 4,500 word beginner's
guide to coin collecting. She studied history at Harvard,
and states that Anything that let's me reconnect with the
past is right up my street!

CLICK HERE TO VIEW HER INTRODUCTION to COIN COLLECTING