Apr 20th, 2023 · 2 min read
With Coinfully, silver and gold coin appraisals are near you no matter where you are, so selling gold and silver coins has never been easier. Experts with Coinfully give you the same attention to detail that you would get in person, but you can enjoy the process online and from the comfort of your home.
Appraising silver coins is the same process as appraising gold coins. The only difference is in the price of their metals and how that can play into a coin’s overall worth.
The three ways that your gold and silver coins could have value are in their numismatic value, the type of metal, or a combination of the two.
For silver or gold coins with any numismatic value, the grade or condition will affect their price. High-graded coins in good condition are worth more than coins in poorer or circulated grades. To find the condition of your coin, you can get your coins appraised by an expert who can assess its true market value.
Your coin’s melt value is anywhere between $113.93 to $2,278.90. While that seems like enough money on its own, selling your gold coins could get you significantly more. The world’s most expensive coin ever sold was a gold coin for $18,900,000.
While gold coins can be worth far more than their melt value of at least $100, it is best to let an expert appraise them. Getting an expert to look at your coins during an appraisal can let you know if your coins are worth a few hundred or million.
If you’re considering selling your gold coins online, it’s crucial to work with a trusted appraiser who understands both the numismatic and melt value of your collection.
Unlike silver coins, which come in common denominations, gold coins come in different values: $1-$100.
The price of your gold coins is determined by weight and amount of gold. The amount of gold in gold coins ranges from 90% to 99.9%. Which means that your gold coins will look almost like pure gold.
If you have a collection of older coins, you may want to sell your vintage coins to ensure you get the best possible price.
Even though silver is not as valuable as gold, it does not mean that your silver coins are not as valuable. With so many things adding to the value of a silver coin, it can be hard to fully know the value of the coins in you coin collection without an appraisal.
Your silver coins melt value is not as much as gold coins with their silver value ranging from about $1.50 to $141. Their melt value is still more than your coin’s face worth, but their numismatic value could be worth a significant amount more than both.
Experts can let you know if you have a Morgan or Peace 1921 silver dollar during appraisals. The high end of both coins are over $10,000, but the Peace is more than 67 times that amount and the Morgan dollar is only $7,000 more.
Do not let this discourage you if you have any silver Morgan dollar coins, some can be worth over one million dollars. An appraisal can tell you if you have a Morgan dollar worth serious money. For more insights into what makes certain coins valuable, check out our silver dollars worth money guide.
If you’re considering selling your collection, you can always start with a free appraisal for your coins to better understand what your collection might be worth.
Most coins contained silver until 1965. Now, only dollar coins are made of silver.
Until 1964, 90% silver was used in most coins, making dollar coins, half-dollars, quarters, and dimes worth more than their face value on silver alone. After that, half-dollar coins contained silver, 40%, until 1970 and do not contain any silver after that.
Silver was only ever included in nickels with 35% silver from 1942 to 1945, during World War II.
Silver dollar coins have always had silver in them. The amount of silver in them is dependent on year and type. It can range from 40% to 99.9%. If you are unsure how much silver is in your silver dollar coins have an appraiser look at them.
Online appraisals are easier than in-person appraisals with less stress and pressure.
If you are looking to have any gold or silver coins appraised near you, you may be sent to a coin shop. Any certified coin shop should be able to give you an appraisal, though you will have to carry your coins there and may have to leave your precious metal coins behind for their professionals to look at. Then, you have to take your coins home afterwards.
Some in-person appraisers may try to take advantage of you if you are a new coin collector or you have inherited a coin collection you do not know what to do with. They may try and get you to sell your coins to them for less than their worth with other coin buyers in mind.
These are reasons why more people are looking to have their gold and silver coins appraised online. To understand this process better, you can review our steps to sell coins effectively.
Coinfully’s online appraisals of gold, silver, and other coins are quick and easy. All you have to do is talk to an expert with us and create an inventory of your coins. In some cases, you will be asked for pictures of your coins.
If you like the ease of online appraisals, but want someone to look at your coins in person, Coinfully offers an at-home appraisal where they send an expert to you and your coins.
Either online or at-home, all of Coinfully’s appraisals are free and come with a zero-pressure to sell guarantee. However, if you are looking to sell your gold and silver coins online after an appraisal, you can send them to us. If you want to sell them after an at-home appraisal, you can receive a check from our experts at your home.
If you have any gold or silver coins you would like to know the price of, contact us today for your free coin appraisal with Coinfully!
Once you’ve determined the value of your gold and silver coins, the next step is deciding whether to sell. Selling can be a daunting task, especially if you’re unfamiliar with the process.
For a stress-free experience, consider using Coinfully’s zero-pressure coin selling process. You’ll receive expert advice, a fair price, and absolutely no pressure to sell if you’re not ready.
If you’re specifically looking to sell your gold coins, we can help you navigate the process smoothly. And if you own historically significant or unique pieces, Coinfully makes it easy to sell your rare coins to a trusted network of collectors.
Wyatt McDonald President & Co-Founder of Coinfully. A student of numismatics and trained in the ANA Seminar in Denver, Wyatt is the face of Coinfully and a true expert. After spending a decade buying coins over the counter at a coin shop, he knew there had to be a better way, for everyone involved.
Think you’re onto something big with your collection? Let’s talk…