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How Do I Sell My Silver Coins for Melting?

U.S. coins minted before 1965 contain a high content of silver. The silver value of these coins may far outreach the face value. As of July 29, 2011, the market value of silver is $39.90 per ounce. The value of silver changes on a daily basis. In the instance of rare or collectible coins, the face value may be higher than the melt value.

Instructions

- 1
  Locate a coin exchange or silver and gold buyer. You can find local establishments through yellow page listings or newspaper advertisement. Also, several nationwide establishments offer mail-in coin exchange through their websites. Check the credibility of the establishment through the Better Business Bureau before selling your coins.
- 2
  Take your silver coins to the buyer. You may do this in person or by mail. Request a quote of the value of your coins before completing your transaction. You should know the current market value of silver in order to make sure you get a fair value for your coins. The market value of silver is published daily through the precious metal stock exchange statistics.
- 3
  Exchange your coins for cash. If the amount offered for your coins satisfies you, the buyer will pay cash.

Coin Collecting