In 1965, the United States government stopped making silver from dimes, quarters and reduced the amount of silver in half dollars. It wasn't until 1970 when silver was removed from dollar coins.Know More
In 1933, silver became the standard in the U.S. due to the Great Depression and the rule that no Americans can own gold.
In 1964, the U.S. government started to make less silver coins due to a shortage in silver. The U.S. Treasury reacts by redeeming silver certificates for silver bullion, which drives up the value of silver in total.
In 1970, the Bank Holding Company Act requires that the dollar is made of a mix of copper and nickel called cupronickel.Learn more about Coins & Currency
To determine the value of silver coins, consider the coin's grade, the supply of the coin in that specific grade, the surviving population of that particular coin and the demand for that coin. The price may also be influenced by the spot price of silver at the time.Full Answer >
Finding a reputable local coin dealer is a good first step to selling silver coins. A coin dealer can advise whether the coins have any collectible value above and beyond the weight of the silver.Full Answer >
Silver coins can be cleaned by dipping the coins in lemon juice for a certain amount of time and then cleaning them with a soft brush. Afterwards, the coins should be washed using water and then dried off.Full Answer >
A few tips for buying silver coins are that the buyer should know the dealer, the buyer should not purchase exotic coins and the buyer should avoid buying premium, which is the cost per troy ounce charged by a dealer over the spot price of the metal used in the coin; these tips come from a list called the "Ten Commandments for Buying Silver and Gold," written by The Moneychanger. This advice applies to buyers in search of gold coins as well.Full Answer >