Are My "Silver" Coins Worth Anything?

[Alickadoo]

I have quite a lot - half a jam jar full of old silver coins dating back to early 1900s.

I understand that before a certain date they were part silver. Are they worth anything?

Where is the best place to take them? Can I simply cash them in at a bank?

What would a coin dealer give me?

[Mercdriver]

Find an independent shop that buys scrap silver, go to pawn shop to get an idea of what they are worth, this will be lowest price. I tried a high street chain that offered me money and immediately wanted to know what others had offered AVOID, they are trying to get you to sell cheap, tell them they get one chance to bid for the silver, no negotiation.

I had silver coins and medals, no medal buyers or coin dealers near me either and just could not be bothered with all the hassle.

Best deal I got was from an independent jeweller, she had all the coins and medals tested for silver content and offered a fair price.

Depends if you want the hassle of coin or medal dealers, they have to make a profit after all and they will know the scrap value of the coins.

You might be disappointed at what they are worth.

[twing]

I keep seeing ads for the Coinsnap app, haven't used it though

[anonymous-user]

Apparently coins minted before 1920 are 0.925 silver, after 1920 they are 0.5 silver. Are you sitting down for the scrap value?

Silver 500 £0.22/G
Silver 800 £0.36/G
Silver 925 £0.41/G

[Vasco]

Isn't this just another 'Collection' that seemed such a good idea at the time - but nowadays nobody is interested ?

Few people collect anything these days. Presumably a combination of lack of space and funds, coupled with the simple fact that times and trends change.

[Alickadoo]

Joey Deacon said:

Apparently coins minted before 1920 are 0.925 silver, after 1920 they are 0.5 silver. Are you sitting down for the scrap value?

Silver 500 £0.22/G
Silver 800 £0.36/G
Silver 925 £0.41/G

Sorry, I don't understand that.

what does - Silver 500 £0.22/G mean?

[DickyC]

Hatton Garden Metals in St Cross Street are good.

In the example above, 500 is the grade of silver- 50%- with the current price per gram.

[T6 vanman]

Alickadoo said:

Joey Deacon said:

Apparently coins minted before 1920 are 0.925 silver, after 1920 they are 0.5 silver. Are you sitting down for the scrap value?

Silver 500 £0.22/G
Silver 800 £0.36/G
Silver 925 £0.41/G

Sorry, I don't understand that.

what does - Silver 500 £0.22/G mean?

Coins after 1920 are Silver 500 and have a value of 22p per Gram (in the metal context)
Coins before 1920 are Silver 925 ..........

[SlimJim16v]

Probably worth more as coins.

[defblade]

I had a load of old coins from the grandparents passing away.
Turns out most normal (you know, like not Roman) old coins are worth next to nothing.
The proper silver ones have value for their silver content - ie, scrap.
Otherwise, there are certain rare ones worth a bit more; you can sit down with various internet lists and see if you've hit lucky... but obviously, that's rare!


The comment made on one web site really summed it up for me: people simply don't throw away coins, even when they're effectively worthless. They go in old tins, in the backs of drawers, etc and so don't ever gain the rarity value you'd first imagine, even at a hundred or more years old.

[konark]

SlimJim16v said:

Probably worth more as coins.

Not since the 1970s when the silver value of pre 1947 coins exceeded their face value.
Collectors are really only interested in mint ones and as others have noted few people
seem to collect them now.