Are Silver Quarters Worth Anything?
So…Are silver quarters worth anything? When you are like me hearing a question like that makes me stop in my tracks!
The answer is quick and easy:
Yes! Silver quarters are actually worth quite a bit these days. Read on to find out just how much they are worth.
Today the quarters you use on a daily basis -assuming you use quarters that much- are not the same as the quarters that were produced before 1965.
For most of American history silver quarters were the norm but the Lyndon Johnson administration decided to stop the production of the 90% silver, 10% copper silver quarters since they were getting embarrassingly expensive to produce.
Today these pre-1965 silver quarters are worth around $5-6 dollars per coin.
The price varies depending on the current per ounce price of silver but since each coin has about 0.2 ounces of silver in it and the price is nearly $30 as this is being written the value of one silver quarter is a bit over $5.
Are Silver Quarters Worth Anything to Me?
Of course it isn’t much use to have something that you don’t value unless you can trade it for something which you do value.
Now in my opinion you should value silver quarters because of their silver content which is a much more stable form of savings than the United States dollar which has been going down hill for some time and seems likely to continue that trend if Federal Reserve actions are any indication.
If, however, you don’t want to save your money in the form of silver quarters then you will be able to exchange your silver for cash quite easily.
First you want to determine how many ounces of silver you have. If you have American coins you can use the site Coinflation.com to quickly look up the current value of your silver coins.
Once you know how many ounces you have and what the current price of silver is per ounce you can prepare to sell your coins:
- On eBay
- Craigslist
- At a coin shop
Typically coin, pawn and metal buying shops will pay you a bit less than the spot price of silver. Just make sure you know what the current spot price is before you go so that you know you are getting a good price.
Another thing I would recommend is to hang on to your silver until a time when the price is a bit higher than the recent average or recent lows.
Right now silver is a bit low and it isn’t an ideal time to sell. If one had to sell silver a few months ago was a good time since the price had risen to some 48 or so dollars per ounce.
Now that you know what silver quarters are really worth at present you know why it got my attention when you asked, “Are silver quarters worth anything?” :)