I Absolutely Recommend:
MOM and ME - Local Paso Robles Gold Buyers.
CASH FOR GOLD, SILVER & PLATINUM
Mom and I will pay You top dollar
Call: 805-286-2392
Visit us at the Paso Robles Train Station:
744 Pine St, Paso Robles 93446
Visit our friendly family owned store. We are located in the Paso Robles Train station and we pay top dollar for your gold, silver & platinum jewelry, crowns, coins, & more
Free estimates -
License # 40041009
What is US 90% silver coin?
90% silver coin is quarters, dimes, and half-dollars minted before 1965. (90% silver coin does not include silver dollars.) Everyone knows that 4 quarters = 1 dollar. In the same way, 4 quarters minted before 1965 = 1 face value dollar. A face value dollar is how we sell 90% silver coin. So, when you ask for the price of 90% silver we will say it costs, for example, $25.00 per face value dollar. A face value dollar is either 10 dimes, four quarters, or two half-dollars. A face value dollar contains .715 ounces of silver. The standard trading unit for 90% silver coin is a “bag” of $1,000.00 face value, containing 715 troy ounces. You can purchase any portion of a bag that you wish. We recommend 90% silver coin simply because it is often the cheapest, most divisible, most widely recognised and traded form of silver.
What about Silver Rounds, what are those?
Silver Rounds are simply one ounce, 99.9% pure silver coins minted in the United States. They are made by various private refineries and are not just round “blanks” of silver. They all have varying pictures because the companies that mint them have varying production runs using different designs. Regardless of the picture on their front and back, all silver rounds state clearly on their face, “1oz. Silver, 99.9% pure (or .999 fine).” We sometimes recommend Silver Rounds instead of 90% Silver Coin because premiums (not our commission—the premium is the percentage over the spot price that you pay for a coin) on both coins fluctuate for a variety of reasons.
What about the Gold and Silver purity of the Krugerrand, Eagle, 50 Peso, and Austrian 100 Coronae? Will they be worth less later since they’re not 24 karat?
Purity is largely irrelevant among gold and silver dealers. Coins and bars are bought and sold based on their weight, not their purity. Unless you’re going to melt the coins down, it’s just not an issue and doesn’t affect the price.
Think about owning foreign fractional gold and silver coins instead of modern issues or American Eagle fractionals.
Modern issues like Philharmonics, American Eagles, Maple Leaves, and Nuggets include half, quarter, and tenth ounce coins: the smaller the coin, the higher the cost per ounce. With the smallest coins, premiums over the gold content approach 15%. Other than small gold coins can be a practical currancey in the future, it makes no economic sense because gold is gold. British sovereigns (containing 0.2354 troy ounce fine gold), French 20 francs (0.1867 oz.), Swiss 20 francs (0.1867 oz.), German 20 marks (0.2304 oz.), Netherlands 10 guilders (0.1947 oz.), the whole series of Mexican peso coins, and a number of other gold coins offer lower cost per ounce and good liquidity. Not recommended are gold coins so infrequently seen in this country that you will suffer a big discount when you sell them, such as Iranian pahlavis (0.2354 oz.) or Saudi guineas (0.2354 oz.). If you can’t sell them, they’re not a bargain.
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