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How to determine the value of silver?

    IndianMoney.com Research Team | Friday, April 24,2009, 05:41 PM
 

The value of circulated silver coins is determined by several factors, including their silver content, their overall physical condition or grade and the rarity of the specific coin. Following are the factors determining the value of circulated silver coins.

Silver Content

Circulated coins in a diversity of denominations and from several separate periods in American history are sought out by investors for their silver satisfied. Prior to 1964 in the United States, dimes, quarters, and half dollars minted for circulation contained up to 90% silver.

Grade

Silver coins are also evaluated or graded based on their physical condition. Generally, coins can be classified into two distinct categories: circulated and un-circulated.

Rarity

Market prices for circulated silver coins can vary broadly depending on the rarity of a particular coin design or date of issue. The Mercury Dime is the perfect illustration of this point.

IndianMoney.com Research Team

The research team at IndianMoney.com comprises of certified and experienced professionals who share the company's vision to make every Indian financially literate by equipping every Indian with right and unbiased advice. IndianMoney.com research team provides newsletters, articles, videos and FAQs on various financial products and concepts only to help you make wise financial decisions.

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