Multiplying your collection’s weight by the current price of silver will yield the total value of your junk silver. For example, if you have 71.5 troy ounces of silver, and the current spot price is 32 dollars, then your junk silver is worth (71.5 * 32) or $2288.
What is a fair premium for junk silver?
15% to 20%
BOTTOM LINE: 15% to 20% over spot is a fair premium for junk silver.
What is considered junk silver?
Junk silver is an informal term used in the United States, United Kingdom, Canada and Australia for any silver coin that is in fair or cull condition and has no numismatic or collectible value above the bullion value of the silver it contains.
What are the current prices of junk silver?
Current junk silver prices, unbiased & auto updating! Bookmark this page (Ctrl + D) The prices for the junk silver (90%) bags below reflect the average quantity of silver in ounces formulated with the silver spot price for today (updated every 10 minutes so prices are always current).
What’s the best way to buy junk silver?
If you want the most bang for your buck then skip the junk silver bags and buy the largest bars you can afford. Large 100 oz bars are less than $1 dollar over spot. Buy 1000 oz bars and pay just a few pennies over spot. Display on your website!
What’s the history of the price of silver?
On this page you can explore silver’s price history. The main chart can provide over four decades worth of silver price history. In addition, the interactive charts can be used to examine historical silver prices by the ounce or kilo and in numerous currencies besides dollars.
When do silver prices close in New York?
Many popular silver sites use the New York close (Globex pause at 5:15 PM EST) each day. In addition to variations in the times used for reporting closing prices, sites may choose to display either Bid or Ask prices. As you can imagine, silver bullion dealers will always opt to display the Ask Price.
