To sell your coin collection, bring it to Golden Peaks Coin, Gold & Silver. Our experts will carefully inspect the quality and authenticity of your coins. After the inspection, we will discuss the value of your collection and the next steps for selling it. We aim to provide you with a fair and transparent evaluation.

The location of the mint mark on a silver dollar varies depending on the type of coin. For instance, on Morgan silver dollars, the mint mark is located on the reverse side, at the bottom below the wreath. On Peace silver dollars, the mint mark can be found on the reverse side, beneath the word “ONE.” It's important to note that silver dollars minted in Philadelphia, the largest producer of silver dollars, do not have mint marks.

Bullion coins, bars, or rounds derive their value primarily from their precious metals content. Their worth is directly tied to the current market price of the metal they contain. On the other hand, numismatic coins have value not only based on their metal content but also on their rarity, historical significance, and demand among collectors. Numismatic coins are often sought after for their unique designs, limited mintage, and historical context.

Yes, gold coins were indeed used in general circulation in the United States before 1933. These coins, composed of 90% gold, were minted for everyday transactions. The denominations included $1, $2.50, $3, $4, $5, $10, and $20. Among these, the $1, $3, and $4 gold coins are particularly prized by collectors due to their relative scarcity and collectible value.

To determine if a coin is silver, examine the edge of the coin. If you see a copper stripe, the coin is clad and not silver. If the edge shows a silver stripe with traces of copper, it may be 40% silver. A solid silver edge indicates that the coin is likely made of silver. Additionally, most silver coins have reeded edges, which are small grooves running along the edge of the coin.

The value of silver is influenced by the current spot price, which fluctuates based on market conditions. To determine the value of your silver, consider its weight, purity, and rarity. The spot price provides a baseline, but the specific characteristics of your silver items can affect their overall value.

U.S. dimes, quarters, and half dollars issued for general circulation in 1964 and earlier are composed of 90% silver. Silver dollars minted in 1935 and earlier also contain 90% silver. Additionally, half dollars produced from 1965 to 1970 have a 40% silver content. These coins are often sought after by collectors and investors for their silver content.

Silver bullion refers to refined silver in various forms, such as bars, rounds, medals, and government-issued coins. The value of silver bullion is directly tied to the current spot price of silver. Unlike other silver items, such as jewelry, silver bullion is specifically valued for its metal content. It's important to distinguish between physical silver bullion and other silver-related investments, such as ETFs, stocks, and commodities futures, which are often referred to as "paper silver."

You have the option to buy silver bullion both online and in person. Before the advent of the internet, purchasing options were limited to local dealers and coin shows. Today, many people still prefer to buy silver from local bullion dealers, pawnshops, and coin shows, where they can inspect the items in person. At Golden Peaks Coin, Gold & Silver, we offer a variety of silver bullion products for you to choose from. Visit us today to see our selection and find the pieces that interest you.

Silver is significantly more affordable than gold per ounce, making it accessible to a wider range of investors. For example, $100 can buy you over three ounces of silver, compared to just a bit more than one gram of gold. Silver provides the same benefits as gold in terms of hedging against inflation with a physical commodity, but at a lower price per ounce. This affordability also makes silver more practical for bartering and smaller transactions.

Moreover, silver has numerous industrial applications, including in electronics, medical devices, dental products, and automobiles. This industrial demand can drive up the value of silver, offering potentially higher returns compared to gold, which is primarily used for investment and jewelry purposes.