Silver has long been used as both a currency and a way to store value. In recent times, it’s become a hedge when other markets are volatile. With recent stock market drops, inflation, and other economic volatility, now is a great time to buy silver, including coins.
Silver has recently dropped from its recent high price of $26 per troy ounce earlier in 2022 down to $19* today. While gold also dropped, silver moved a little faster and farther, so it is likely more undervalued. Therefore, many expect that silver has room to grow and will do so at a better rate than gold.
Silver demand is also growing as it becomes used in more tech and industrial applications, such as electric vehicles and health care.
Coins are a great way to buy and collect silver, so let’s look at four great collectable silver coins to look for!
4. Morgan and Peace Dollars
For anyone looking for an easy way to begin collecting silver coins, Morgan and Peace dollars are a great start. These are the most collectable coins in the world and are easy to find. There are so many variations that anyone can find something affordable.
3. Nickels from 1942 to 1945
Nickels dated 1942 to 1945 with a mint mark above the Monticello building on the reverse are 35% silver. These were known as war nickels because the nickel at the time was used for armaments.
2. Half Dollars from 1965 to 1970
Half dollars minted between 1965 and 1970 have 40% silver in them.
1. Pre-1964 Quarters, Dimes, and Half Dollars
Any quarters and dimes minted before 1964 have 90% silver in them. All half dollars dated pre-1964 also have 90% silver in them.
A coin with 90% silver means that for every $10 in face value, you have 7.15 troy ounces of silver. If you have $100 in coins, that would equal 71.50 troy ounces of silver, while $1,000 in coins would equal 715 troy ounces. At today’s price of $19* per ounce, the value adds up quickly.
CV Coins & Collectables is the best silver and silver coin dealer in San Diego. Whether you are looking to buy or sell silver or silver coins, we can take you through our transparent process.
*Price as of October 11, 2022