What types of US silver coins do we buy?
American silver coins fall into two broad categories: modern bullion coins and historical circulating coinage.
Modern Bullion Coins
These are investment-grade coins minted by the US Mint, usually marked with their weight and purity. The most common examples include:
- American Silver Eagles - Introduced in 1986, containing 1 troy ounce of .999 fine silver. Highly popular with investors and widely recognised.
- America the Beautiful 5oz coins - Larger bullion coins with high silver content, issued from 2010 to 2021.
- US Mint commemoratives - Various limited-edition .999 silver coins produced in proof or uncirculated finishes.
Circulating "Junk" Silver Coins
These coins were produced for everyday use but contain a high percentage of silver:
- Pre-1965 dimes, quarters, and half dollars - 90% silver content
- Kennedy half dollars (1965–1970) - 40% silver content
- Peace and Morgan silver dollars (1878–1935) - 90% silver, each weighing 26.73g
Although these coins may be worn, tarnished or damaged, they still have intrinsic value due to their silver content - and we're happy to purchase them regardless of condition.
How is the value of US silver coins calculated?
The value of American silver coins is primarily determined by:
- Weight and purity: We test and verify the metal content of each coin or group of coins.
- Live silver price: Updated daily, the market spot price of silver is the biggest factor.
- Type of coin: Some coins, like Silver Eagles, command slightly higher rates due to demand and recognisability.
- Condition: While we don't require pristine coins, heavily worn or damaged items may be assessed at scrap value.
Face value plays no role in our pricing. For example, a 25-cent Washington quarter dated before 1965 will be valued for its 90% silver content, not its denomination.
Why sell your US silver coins to Gold Traders?
We pride ourselves on offering a better alternative to vague, commission-heavy or underpaying dealers. Here's why sellers trust us:
- Same-day payments once your items are received and authorised.
- Fair and transparent pricing, published online and based on live market data.
- No freepost gimmicks - we don't use prepaid envelopes because they often lead to lower payouts (learn more here).
- Secure postal process, or visit our branches in Bodmin or Royal Wootton Bassett for in-person service.
- Experience and reputation - We've handled thousands of silver coin transactions and maintain strong ratings on Trustpilot, Google and FreeIndex.
If you're unsure about the type or value of your coins, just send them in for assessment - no pressure, and no obligation to sell if you change your mind.