Notice: This website may or may not use or set cookies used by Google Ad-sense or other third party companies. If you do not wish to have cookies downloaded to your computer, please disable cookie use in your browser. Thank You.

Wednesday, February 10, 2010

Financial Survival Planning – Melt Value of Silver Coins

We recently received another question from our post on Financial Survival Planning. “In your Urban Survival Planning - Financial Survival post you mentioned that as a guide we should have $1,000.00 face value of pre-1965 dimes, quarters, and half-dollars per person. I know that pre-’65 Quarters have some silver, but could you explain the silver value of the other coins and how much they are worth?”

Yes Sir, here’s the deal: There are a lot of U.S. coins, circulating or not, that contain silver. We’ll call that “melt’ value. As of February 8, 2010 the melt value of these U.S. coins are as follows:

1942 – 1945 Jefferson War Nickel, $0.05 face value, worth $0.85 melt value

1916 – 1945 Mercury Dime $0.10 face value, worth $1.10 melt value

1946 – 1964 Roosevelt Dime, $0.10 face value, worth $1.10 melt value

1932-1964 Washington Quarter, $0.25 face value, worth $2.74 melt value

1916-1947 Walking Liberty Half Dollar, $0.50 face value, $5.48 melt value

1948 – 1963 Franklin Half Dollar, $0.50 face value, $5.48 melt value

1964 Kennedy Half Dollar, $0.50 face value, $5.48 melt value

1965-1970 Kennedy Half Dollar, $0.50 face value, $2.24 melt value

1878-1921 Morgan Dollar, $1.00 face value, $11.71 melt value

1921 – 1935 Peace Dollar, $1.00 face value, $11.71 melt value

1971 – 1976 Eisenhower Dollar, $1.00 face value, $4.79 melt value

The above coins’ melt value does not consider their worth to a collector. A proper appraisal of each coin prior to sale (during normal times) should be accomplished.

You can also prepare with silver by purchasing Silver Bullion in the form of bullion bars or silver rounds. There is usually a premium for each piece, bar or round, above the price of the silver you are paying for.

We remember the oil crunch of 1978 or 1979 where gas stations were advertising a gallon of gas as so much in conventional currency or a much smaller amount (face value) of U.S. silver coinage. That’s the way we envision another severe economic crunch. Paper money being useful only for a short period of time, then silver and gold would be used as a currency before bartering for goods and services would take over as the major form of currency.

Stay on top of U.S. silver coin melt value (click here)

1 comment:

  1. Hi friend,

    I read your post. Really this post is very interesting about financial survival planing. Which melt value of silver coin. Really I thankful to you for providing this unique information.