Much like other coin categories, there is a steep range in the worth of silver coins. Because there is not just one silver coin or one collection of silver coins, the answer to the question “How much are silver coins worth?” is a bit more complex than naming one single value that is universally applicable.
Before diving into the value of various silver coins, it is essential to note some of the coins that fall into this vast category. Some of the most popular silver bullion coins include the Canadian Silver Maple Leaf, American Silver Eagles, Generic Silver Rounds, Pre 1964 US Silver Circulation coins, early Silver Kennedy Half Dollars, and others. Even just among this shortlist, determining how much these silver coins are worth would take a substantial bit of effort.
In gaining a better understanding of silver coins’ worth, it is important to discuss the value of Canadian Silver Maple Leafs. Popular amongst collectors, likely due to its beautiful design, newer pieces tend to be worth up to $2.50 more than the silver spot price at that given time. However, the Maple Leafs increase in numismatic value much quicker than most other specimens. This is particularly true for coins with low mintage rates. This indicates that this silver coin’s worth grows quickly over time, making them most suitable to buy when new. Once added to your collection, hold onto them for some time before taking another look at their increased value.
In another example of defining the range of silver coins’ worth, note the transitions and fluctuations in the Silver Kennedy Half Dollars. At the beginning of their mintage history, Kennedy Half Dollars were made of 90% silver. Those older versions are now worth more than the value of the same coin that was minted after the silver content dropped to 40%.
Today, the value of the original Silver Kennedy Half Dollars (90% silver content) is determined by several factors. These include: the minting year, condition, imperfections and distinctions. For example, many of these pieces sell for just around silver’s spot price, others may sell for just under $100.00, while finally, 1964 Kennedy Half Dollars in exceptional condition have sold at auction for $108,000.00.
A final example in the range of silver coins’ worth is the American Silver Eagles. Despite being made almost entirely of silver, American Silver Eagles are among the most affordable of our country’s bullions. Holding a face value of just $1.00 and a silver content value of $24.26, American Silver Eagles tend to sell for approximately $32.56, more than what the actual silver content within the coin is worth.
Regardless of silver coins’ worth at this particular point in history, America saw a spike in demand for the more scarce silver coins earlier this year. As the golden rule of economics indicates, a rise in demand and scarcity often leads to increased prices and value.
The history of the silver market tells us that as prices rise, consumers’ interest grows. Consider joining other coin connoisseurs with a growing interest in silver coins’ worth to diversify your portfolio and learn more about the history of some of these fascinating coins.