How to sell silver coins for cash in 2021

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Did you inherit your grandfather's buffalo nickel? What about a silver dollar collection? Rare quarters or Canadian silver dollar or French frac?

The value of these collectible silver coins varies by age, condition and rarity — as well as the going price for silver at any time.

This post will help you find the value of your silver coin, and the best way to sell it for the highest price.

Best place to sell silver coins: CashforSilverUSA

Our No. 1 recommendation is CashforSilverUSA (CashforGoldUSA’s sister site), with high customer service reviews, guaranteed highest price and a 10% bonus if you send in your item within 24 hours of receiving the free FedEx mailer.

Where to sell old silver coins

Selling silver coins is a lot like selling gold coins. First determine whether or not the coin has any value as a collectible. This post on what to do with an inherited coin collection is a good place to start.

If you have found that your coin is indeed worth more than a few cents, you may want to seek out a dealer, collector, or auction house to maximize your profits. If not your profit will be limited to the value of the silver content of the coin. You will need to determine the purity of the metal and the weight of the piece. Once you have this information, you can determine the fair value of your coin and find a buyer.

Silver coins can also be sold to pawn shops, silver exchanges, and online silver buyers, each of which will give you cash in exchange for your coins (based on the weight of the coin) and then proceed to melt them down.

How to sell silver coins online

We like CashforSilverUSA because:

  1. Visit CashforSilverUSA.com and fill out a form requesting a prepaid mailer be sent to you, free of charge. 
  2. Place your items inside the mailer and send it back to CashforSilverUSA. You can have the mailer picked up at your door.
  3. Your items will be appraised within 24 hours of receipt, and you’ll be sent an offer.
  4. If you accept the offer, you’ll be paid by either check, bank wire, or PayPal — within 24 hours after accepting the offer.
  5. If you don’t accept the offer, your item will be returned to you 100% free of charge. 

More on how CashforSilverUSA works:

Here is why we recommend CashforSilverUSA over other silver buyers:

  • A Fox Business News investigation found their parent company pays its 3X competitors
  • Pay within 24 hours
  • A+ Better Business Bureau rating.
  • Insured up to $100,000 by Lloyds of London
  • Guaranteed highest price for your silver and gold jewelry, coins, silverware, diamonds and dental scrap
  • Paid out more than $55 million to sellers since being founded in 2004
  • Get a USPS or FedEx mailer sent to and picked up from your door — 100% free

How to sell gold for the highest price

Frequently asked questions about silver coins

What is the value of silver coins?

The value of a silver coin is dependent on its rarity, grade, and desirability as a collectible. If it is not worth much as a collectible, then its value is based on its silver content. This value can be significantly higher than the coin’s face value, depending on the current price of silver.

For example, a 1942 nickel has a face value of 5 cents. It’s silver content is worth approximately $1.47, however, when silver is at a price of $26.27 per ounce.

Most silver coins contain 90% silver.

Collectible silver coins, especially those with historic value, may be worth more in their current state. If you believe that you may have a valuable silver coin, a coin shop or appraiser can help you understand the value of your coin before you sell it. 

Learn more about the value of silver and how to sell it for the highest price.

Common silver coins in the United States that you may possess and choose to sell include:

  • Morgan Dollars
  • Peace Dollars
  • Liberty Head (Barber) Half-Dollars
  • Walking Liberty Half-Dollars
  • Franklin Half-Dollars
  • Kennedy Half-Dollars
  • Liberty Head (Barber) Quarters
  • Standing Liberty Quarters
  • Washington Quarters
  • Liberty Head (Barber) Dimes
  • Winged Liberty Head (Mercury) Dimes

Learn more about selling an inherited coin collection

How much is a buffalo head nickel worth?

Buffalo Nickels were first minted in 1913, and were replaced by the current design in 1938. Buffalo coins have some unusual and interesting anomalies, including some with three-legged buffalos, a notable lack of mint date and varying designs that are often forged and also add much value:

  • 1913-S Type 2
  • 1916/16 (doubled die variety)
  • 1918-D 8 over 7 (doubled die variety)
  • 1921-S
  • 1924-S
  • 1926-S
  • 1937-D Three legged Buffalo

Buffalo nickels can fetch dozens to tens of thousands of dollars. Expert coin collector James Bucki elaborates on how buffalo nickles are graded and priced.

How much are scrap silver coins worth?

A scrap silver coin with no collectible value is worth its silver content. To determine that value, you will need to:

  1. Determine the silver content of the coin.
  2. Determine the weight of the coin (in ounces).
  3. Multiple that weight by the current price of silver (in ounces).

Do banks buy silver coins?

If you have silver coins and want to sell them for the value of their silver, a bank is likely not to be a good choice. Most banks will only give you the face value of whatever coins you turn in, regardless of their metal content. So, a silver nickel would be worth 5 cents, for example. An online buyer, such as CashforSilverUSA, is likely to be a better option. 

Get started selling your silver coins for cash within 24 hours with CashforSilver now >>

Wealthysinglemommy.com founder Emma Johnson is an award-winning business journalist, activist, author and expert. A former Associated Press reporter and MSN Money columnist, Emma has appeared on CNBC, New York Times, Wall Street Journal, NPR, TIME, The Doctors, Elle, O, The Oprah Magazine. Winner of Parents magazine’s “Best of the Web” and a New York Observer “Most Eligible New Yorker," her #1 bestseller, The Kickass Single Mom (Penguin), was a New York Post Must Read. As an expert on divorce and gender, Emma presented at the United Nations Summit for Gender Equality and multiple state legislature hearings. More about Emma's credentials.

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