Above you see the obverse of the 1958-D Washington Quarter that I found in a roll last year. Being a common silver Washington Quarter, don’t expect it to be worth a lot, but it is worth more than a quarter. This quarter is made of 90% silver. So dealers will give you what is called its melt value. Melt value is the value a coin is worth based on its metal composition. Because of this, the value of my circulated Washington Quarter is based on the current value of a troy ounce of silver. A troy ounce is equivalent to 31.1035 grams.
Let’s say, for example, that the current price of silver is $20.00 per troy ounce. This table would show how much a common Silver Coin is worth:
|Denomination||% Silver||Weight of Silver
|Dimes (before 1965)||90%||0.0723||$1.45|
|Quarters (before 1965)||90%||0.1808||$3.62|
|Half Dollars (before 1965)||90%||0.3617||$7.23|
|Half Dollars (1965 – 1970)||40%||0.1479||$2.96|
|Dollars (till 1935)||90%||0.7734||$15.47|
|Eisenhower Silver Dollars||40%||0.3161||$6.32|
|American Eagle Dollars||99.93%||1.0000||$20.00|
|America the Beautiful Silver Bullion||99.93%||5.0000||$100.00|
Here’s a silver Jefferson Nickel from 1943 that I found in change. If silver was worth $20.00 per troy ounce, it would be worth $1.13.
Of course higher grade and rare coins will get above melt value, but this is more for the average circulated coins.
Have you ever Found Silver Coins in your Travels?
Maybe you have found Silver Coins with your metal detector or picked one up on the sidewalk. You could make a significant yet small profit, especially if the price of silver goes up. Let me know what you have found.