Buying Silver Coins? Here's What To Look For And What You Can Expect To Pay

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New coin collectors looking to add silver coins to their collections need to know 2 things:

1. Silver coins have not been seen in general circulation since the 1960s, and therefore will be difficult to obtain without shopping for them at a coin dealer.

2. Many silver coins can be had for only a nominal mark-up over the bullion value, making some silver coins very easy to afford.


A lot of people who are interested in obtaining silver coins are curious which ones are the best to collect.

While further involvement in the hobby will expose you to new coins that you may find quite appealing, let's consider 12 very popular and generally inexpensive U.S. silver coins that can, in their lowest grades, be had for a relatively inexpensive price -- often for little more than the coin's bullion value.


Jefferson Wartime Silver Nickels

silver-nickel-photo.jpgProduced during the years of 1942-1945 to preserve nickel for the war effort, silver nickels are popular with collectors and represent an easy, affordable set to build. Low-grade wartime nickels can often be had for less than $1.50 apiece when silver is below $15-17 per ounce.


Barber Dimes

liberty-head-dime-barger-dime.jpg Struck during the period f 1892-1916, Barber dimes (also called Liberty Head dimes, but widely dubbed "Barber" for the namesake of the coin's designer, Charles Barber), are a nice piece of Americana whose common dates in the lower circulated grades can be usually had for $3-7 apiece.

 

Mercury Dimes

Mercury_dime.jpg Very popular coins that many new and seasoned collectors alike love are Mercury dimes, which were produced from 1916 to 1945. Many dates in the Mercury dime series are considered common and, in the lower grades, can often be had for as little as $2-3.


Roosevelt Dimes

roosevelt-time.pngProduced in silver from 1946 to 1964, Roosevelt dimes represent a set of coins which are relatively easy to collect and among the least expensive series to complete. Even the silver Roosevelt dimes are very inexpensive to obtain, with most costing less than $5-7, even in uncirculated grades. Well-worn examples can sometimes be had for only pennies more than the current spot price.

 

barber-quarter.pngBarber Quarters

With the same obverse design as the Barber dime, the Barber quarter is another 1892-1916 series which has many dates yielding low prices any collector can afford. Common-date, well-worn Barber quarters can be found ranging from $10-12 each.

 

Standing Liberty Quarters

standing-liberty-quarter.jpg Standing Liberty quarters replaced the Barber design in 1916 and lasted through 1930. While most issues are considered "common," the lowest-priced Standing Liberty quarters can be found among the last five years of the coin's production, 1925-1930. In the lower-grades, these common-date coins typically sell for between $7-10.

 

Washington Quarters

washington-quarter.jpg When Washington's image made it to the quarter in 1932, the coin was being produced from a silver composition -- which lasted through 1964. The bulk of these early Washington quarters are considered common-dates, and most of the moderate-to-heavily worn silver Washingtons can be had for $3-5.


Barber Half Dollars

barber-half-dollar.pngBarber half dollars bear the same obverse design as the Barber dime and quarter. Barber half dollars were struck from 1892 to 1915. Barber half dollars, even in their lowest grades, have seen rising price tags in recent years. "Good" quality Barber half dollars were selling for as little as $5 during the mid-to-late 1990s. Many of these same common-date coins today start at $20-25.


Walking Liberty Half Dollars

walking-liberty-half-dollar.jpgConsidered one of the most beautiful coins the U.S. Mint ever struck, Walking Liberty half dollars graced our nations pocket change during the coin's production years of 1916-1947. While earlier Walking Liberty half dollars can cost more than $20 in the lower grades, those struck during the 1940s can be had for only $5-8 in well-worn condition.

 

Franklin Half Dollars

franklin-half-dollar.pngNever a president (though some people seem to think he was), the great Benjamin Franklin earned a spot on our nation's half-dollar from 1948 through 1963. The vast majority of dates in the Franklin half-dollar series are very common and can cost the collector less than $7 to buy, even in the middle to high-level circulated grades.

 

Morgan Dollars

morgan-dollar-coin.jpgThere are few coins as well loved and as well advertised on television and in magazines as the Morgan dollar -- so called by millions for its designer, George T. Morgan. First struck in 1878, running through 1904, and again produced one last year, in 1921, Morgan dollars hearken back to a different era of this nation's economy and society.

There are several "common-date" Morgan dollars that can be found among the 19th century issues. Most examples from the 20th century are very common. Most common-date Morgan dollars can be purchased in the circulated grades for $20-40, depending on the mint mark and date combination, as well as the condition of the coin. That same money can buy a nice uncirculated example of a some early 1900s issues as well as any one of the three 1921 Morgan dollars, struck at Philadelphia, Denver, and San Francisco.


Peace Dollars

peace-dollar-coin.jpgAs the nation came out of World War I, the U.S. Mint began striking "Peace" dollars, a design by Anthony De Francisci bearing an obverse design strikingly evocative of the head of the Statue of Liberty.  1921 issues are expensive, as are many of the strikes produced during the 1930s. However, beautiful examples of the Peace dollar can be had among those produced from 1922-1926 for less than $25.

To learn more about the current prices of U.S. silver coins, visit the Professional Coin Grading Service (PCGS) coin pricing guide.

 

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Photos

  • American Civil War token - Photo in public domain
  • Coin folder: a 50 state quarters album. photo by Ronald Heft
  • A state quarters collection. photo by CK
  • The long line of people who were waiting to be among the first to buy the Hawaii State Quarter from a bank in Hawaii the day it was first made available to the public. photo by nsub1
  • Here's an example of a State Quarter folder album. photo by Joshua
  • 2006 proof silver eagle coin
  • 2006 50 dollar one-ounce gold coin
  • A 1999 gold eagle coin against Christmas wrapping paper. photo by Joshua
  • A 1993 silver eagle coin against birthday wrapping paper. photo by Joshua
  • 1924 Saint-Gaudens double eagle coin is a good example of a regular relief coin.
  • Martin Van Buren dollar coin
  • 2009 Ultra High Relief Double Eagle coin

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