How much would 370 Washington silver quarters, minted between 1951 and 1964, and 97 Franklin and Liberty silver half dollars be worth melted? From Melissa in Tampa, Florida
We do buy silver coins like yours for the silver value of the coins. Turning these older coins into a refiner is extremely profitable. We buy them for 90% of their fine silver value by weight which makes them worth well over their currency face value.
Today Washington quarters are made out of an alloy of 91.67% copper and 8.33% nickel that is also called clad or “sandwich metal.” However, Washington quarters minted with the date 1964 and earlier typically contain about 90% silver. Sometimes you can tell the difference by the clink sound of the coins. Instead of a ring, the silver coins against others sound like a thud.
An important item to note is that coins that have experienced significant wear often have a slight drop in silver weight, around 1-2 percent. That is why we recommend weighing your coins before you ship.
Because you have a significant amount of coins we would recommend using the US Postal Service’s flat rate shipping boxes and choosing the “signature required on delivery” option.
Visit our website for more information about our silver coin refining service.