Most bullion dealers will offer about 95 percent of the spot price, though this will vary depending on market conditions. If you have a large lot to sell or products the dealer is in short supply of at the time, you might fetch a higher resale premium.
Can you spend silver dollars?
Yes, they are legal tender. 31 USC 5103: United States coins and currency (including Federal reserve notes and circulating notes of Federal reserve banks and national banks) are legal tender for all debts, public charges, taxes, and dues. They are United States coins so they are legal tender.
How do I cash in silver?
Silver coins can also be sold to pawn shops, silver exchanges, and online silver buyers, each of which will give you cash in exchange for your coins (based on the weight of the coin) and then proceed to melt them down. Most silver coins contain 90% silver.
Where can I Sell my silver coins for cash?
Auctions are another way to sell your silver for cash. Becoming more and more popular, silver bullion, coins, and products are being sold daily with over 33,000 listings on ebay for silver coins at the time of this writing. This biggest concern about Ebay is the seller fees that will eat away at your profit margins.
Where can I trade my silver for gold?
Some dealers like Provident Metals will also allow you to trade your silver for other types of silver or gold. For example you could trade silver eagles for junk silver coins. Usually these retailers won’t offer you great prices, especially for rounds and bars.
Where can I exchange my Silver Certificate for cash?
Going Online. Exchange your silver certificate for cash at the dealer, who should be able to offer close to appraised value, or post it online for an auction sale. Use a site with a good coin and currency market, with recent auctions that will allow you to research current value of your note. Search recently closed auctions,…
Where can I get an exchange rate for silver?
You can use the Coin Mill website to get the exchange rate on silver (see Resource). You may not get that exact rate, but you can decide what is a fair rate based on the exchange rate. APMEX is an online and over-the-phone buyer and seller of precious metals. To sell your silver to APMEX, open an account online.
