UPCOMING EVENTS

  • 07/22/17 - Les Beyer...   07/22/17 - Horst Auctioneers...   07/22/17 - Dotta Auction Company, inc....   07/22/17 - Enterline Auction Service...   07/22/17 - Alderfers Auctions & Appraisers...   07/22/17 - Leaman Auctions Ltd....   07/22/17 - Cabin Fever Auctions...   07/22/17 - Morphy Auctions...   07/22/17 - Probst Family Auctions...   07/22/17 - Cordier Auctions & Appraisals...   07/21-22/17 - Larry Swartz...   07/22/17 - Crocker Farm...   07/22/17 - Michael P. & David Weaver...   07/22/17 - Kimberly Hemingway...   07/22/17 - Garth's Auctioneers & Appraisers...   07/22/17 - Hess Conestoga Gallery...   07/23/17 - Morphy Auctions...   07/23/17 - American Antique Auctions...   07/23/17 - All Points Auction Company...   07/23/17 - Costea's Auction Gallery...   07/24/17 - Alderfers Auctions & Appraisers...   07/25/17 - Alderfers Auctions & Appraisers...   07/25/17 - Tom Hall Auctions, Inc....   07/26/17 - Alderfers Auctions & Appraisers...   07/26/17 - J. Pandur Auction Services, Inc....   07/26/17 - Embassy Auctions International...   07/27/17 - Alderfers Auctions & Appraisers...   07/27/17 - Alderfers Auctions & Appraisers...   07/27/17 - Hartzell's Auction Gallery, Inc....   07/27/17 - Alderfers Auctions & Appraisers...   07/28/17 - Tim Weaver Auction Service...   07/29/17 - John Carl Auction Company...   07/29/17 - Cordier Auctions & Appraisals...   07/29/17 - Milestone Auctions Gallery...   07/29/17 - JR's Auctioneering...   07/29/17 - Keystone Auctions LLC...   07/30/17 - All Points Auction Company...   07/28-30/17 - Brumbach's Auctioneering Service...   07/30/17 - Cordier Auctions & Appraisals...   07/31/17 - Toomey Auction Service, Inc....   08/01/17 - Alderfers Auctions & Appraisers...   08/02/17 - Fry's Auction, Inc....   08/02/17 - Wilson's Auctioneers & Appraisers...   08/03/17 - John Coker, Ltd....   08/04/17 - Garth's Auctioneers & Appraisers...   08/04-05/17 - Brumbach's Auctioneering Service...   08/05/17 - Blums...   08/07/17 - Robert H. Clinton & Company, Inc....   07/28-08/8/17 - Garth's Auctioneers & Appraisers...   08/10/17 - Barry S. Slosberg, Inc....   08/12/17 - Witman Auctioneers, Inc....   08/12/17 - Selkirk Auctioneers & Appraisers...   
  • 07/22/17 - Les Beyer...   07/22/17 - Horst Auctioneers...   07/22/17 - Dotta Auction Company, inc....   07/22/17 - Enterline Auction Service...   07/22/17 - Alderfers Auctions & Appraisers...   07/22/17 - Leaman Auctions Ltd....   07/22/17 - Cabin Fever Auctions...   07/22/17 - Morphy Auctions...   07/22/17 - Probst Family Auctions...   07/22/17 - Cordier Auctions & Appraisals...   07/21-22/17 - Larry Swartz...   07/22/17 - Crocker Farm...   07/22/17 - Michael P. & David Weaver...   07/22/17 - Kimberly Hemingway...   07/22/17 - Garth's Auctioneers & Appraisers...   07/22/17 - Hess Conestoga Gallery...   07/23/17 - Morphy Auctions...   07/23/17 - American Antique Auctions...   07/23/17 - All Points Auction Company...   07/23/17 - Costea's Auction Gallery...   07/24/17 - Alderfers Auctions & Appraisers...   07/25/17 - Alderfers Auctions & Appraisers...   07/25/17 - Tom Hall Auctions, Inc....   07/26/17 - Alderfers Auctions & Appraisers...   07/26/17 - J. Pandur Auction Services, Inc....   07/26/17 - Embassy Auctions International...   07/27/17 - Alderfers Auctions & Appraisers...   07/27/17 - Alderfers Auctions & Appraisers...   07/27/17 - Hartzell's Auction Gallery, Inc....   07/27/17 - Alderfers Auctions & Appraisers...   07/28/17 - Tim Weaver Auction Service...   07/29/17 - John Carl Auction Company...   07/29/17 - Cordier Auctions & Appraisals...   07/29/17 - Milestone Auctions Gallery...   07/29/17 - JR's Auctioneering...   07/29/17 - Keystone Auctions LLC...   07/30/17 - All Points Auction Company...   07/28-30/17 - Brumbach's Auctioneering Service...   07/30/17 - Cordier Auctions & Appraisals...   07/31/17 - Toomey Auction Service, Inc....   08/01/17 - Alderfers Auctions & Appraisers...   08/02/17 - Fry's Auction, Inc....   08/02/17 - Wilson's Auctioneers & Appraisers...   08/03/17 - John Coker, Ltd....   08/04/17 - Garth's Auctioneers & Appraisers...   08/04-05/17 - Brumbach's Auctioneering Service...   08/05/17 - Blums...   08/07/17 - Robert H. Clinton & Company, Inc....   07/28-08/8/17 - Garth's Auctioneers & Appraisers...   08/10/17 - Barry S. Slosberg, Inc....   08/12/17 - Witman Auctioneers, Inc....   08/12/17 - Selkirk Auctioneers & Appraisers...   
  • 07/22/17 - Les Beyer...   07/22/17 - Horst Auctioneers...   07/22/17 - Dotta Auction Company, inc....   07/22/17 - Enterline Auction Service...   07/22/17 - Alderfers Auctions & Appraisers...   07/22/17 - Leaman Auctions Ltd....   07/22/17 - Cabin Fever Auctions...   07/22/17 - Morphy Auctions...   07/22/17 - Probst Family Auctions...   07/22/17 - Cordier Auctions & Appraisals...   07/21-22/17 - Larry Swartz...   07/22/17 - Crocker Farm...   07/22/17 - Michael P. & David Weaver...   07/22/17 - Kimberly Hemingway...   07/22/17 - Garth's Auctioneers & Appraisers...   07/22/17 - Hess Conestoga Gallery...   07/23/17 - Morphy Auctions...   07/23/17 - American Antique Auctions...   07/23/17 - All Points Auction Company...   07/23/17 - Costea's Auction Gallery...   07/24/17 - Alderfers Auctions & Appraisers...   07/25/17 - Alderfers Auctions & Appraisers...   07/25/17 - Tom Hall Auctions, Inc....   07/26/17 - Alderfers Auctions & Appraisers...   07/26/17 - J. Pandur Auction Services, Inc....   07/26/17 - Embassy Auctions International...   07/27/17 - Alderfers Auctions & Appraisers...   07/27/17 - Alderfers Auctions & Appraisers...   07/27/17 - Hartzell's Auction Gallery, Inc....   07/27/17 - Alderfers Auctions & Appraisers...   07/28/17 - Tim Weaver Auction Service...   07/29/17 - John Carl Auction Company...   07/29/17 - Cordier Auctions & Appraisals...   07/29/17 - Milestone Auctions Gallery...   07/29/17 - JR's Auctioneering...   07/29/17 - Keystone Auctions LLC...   07/30/17 - All Points Auction Company...   07/28-30/17 - Brumbach's Auctioneering Service...   07/30/17 - Cordier Auctions & Appraisals...   07/31/17 - Toomey Auction Service, Inc....   08/01/17 - Alderfers Auctions & Appraisers...   08/02/17 - Fry's Auction, Inc....   08/02/17 - Wilson's Auctioneers & Appraisers...   08/03/17 - John Coker, Ltd....   08/04/17 - Garth's Auctioneers & Appraisers...   08/04-05/17 - Brumbach's Auctioneering Service...   08/05/17 - Blums...   08/07/17 - Robert H. Clinton & Company, Inc....   07/28-08/8/17 - Garth's Auctioneers & Appraisers...   08/10/17 - Barry S. Slosberg, Inc....   08/12/17 - Witman Auctioneers, Inc....   08/12/17 - Selkirk Auctioneers & Appraisers...   
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What Is Junk Silver?
What Is Junk Silver?

June 30, 2017 Updated July 14, 2017

What Is Junk Silver?

“What's It Worth” Antique Minute

By Mike Ivankovich

Printer

If you don't know what "junk silver" is, it could cost you a lot of money.
"Junk Silver" refers to 1964-and-earlier U.S. dimes, quarters, and half dollar coins whose value is based on the "Silver Bullion Value" each coin contains. Although most don't have any real "numismatic" or collector value, they do carry a premium value because each coin is 90 percent pure silver.
It was President Lyndon Johnson who opted in 1965 to replace 90 percent silver coins with copper-clad coins containing absolutely no silver. Pre-1965 silver coins quickly disappeared from circulation, either being removed by the government or hoarded by private speculators, and your chances of finding "junk silver" coins in circulation today are slim to none.
Today, "junk silver" is bought-and-sold using the concept of "times face value." As the spot price of silver changes, the "times face value" changes as well. With silver in the $17-$18/troy ounce range, "10 times face value" is a ballpark value, meaning that a pre-1965 dime is worth $1 and a pre-1965 quarter would be worth $2.50. At the same time, a 1965 dime is only worth a dime, and a 1965 quarter is still only worth a quarter.
As the spot price of silver goes up and down, the "times face value" factor changes as well. Junk silver was selling for "35 times face value" some years ago when the price of silver was considerably higher. Remember also that different dealers pay varying "times face value" prices, so shop your coins around.
What’s it worth? Several years ago a family inherited four coffee cans filled with coins and were going to deposit them in the bank the next day for "face value." We stepped in, identified the junk silver coins, sold them on behalf of the family, and presented them with a check for more than $25,000.
Mike Ivankovich is an auctioneer, appraiser, home downsizing expert, and host of the "What's It Worth? Ask Mike the Appraiser" radio show that airs live on Friday mornings from 9 to 10 a.m. on WBCB 1490 AM in the Greater Philadelphia area. It is available on the internet at www.WBCB1490.com.
To learn more, visit www.AskMikeTheAppraiser.com.