How to Spot Valuable Silver Coins: The Hidden Gems in Your Change Bowl

Are you an avid coin collector and looking to add some valuable silver coins to your collection?

With so many options out there, it can be overwhelming to know where to begin. In this blog post, we will cover some key factors to consider when purchasing silver coins online or at a local dealer and how to spot the genuine ones among the plethora of fakes and scams.

Apart from purchasing silver coins from reputable dealers, you can also add valuable coins to your collection by searching for them in your everyday change. Although it may seem like a long shot, it is not uncommon to find silver coins among your pocket change.

The first step in finding silver coins in your everyday change is to acquaint yourself with the different types of coins made from silver. Some examples of silver coins include the Mercury dime, 90% silver Roosevelt Dime, 90% Silver Washington Quarter, the Walking Liberty half dollar, and the Kennedy half dollar. Once you know what you're looking for, you will be better equipped to spot a silver coin when you come across one.

Next, you will need to examine your coins carefully. The easiest way to do this is by using a magnifying glass. Look for coins that appear to have a silver tone, rather than a copper or bronze tone. You should also check the date and mint mark of the coin. Pre-1965 coins are more likely to be made from silver, so keep an eye out for coins from the early to mid-20th century.

If you're unsure whether a coin is made from silver or not, you can use a scale to weigh it. Most silver coins weigh more than non-silver coins of the same denomination. For instance, a silver dime will weigh 2.5 grams, while a clad (non-silver) dime will weigh 2.27 grams.

It's also important to note that some non-silver coins may have a silver coating, so don't be fooled by a coin that appears to be silver but is actually a fake. One way to test whether a coin is genuine or not is to use a magnet. If the coin is made from silver, it will not be attracted to the magnet.

Another easy way to spot a silver coin is to look at the rim. A silver coin will have no copper color on the ring since it is 90% silver. Non-silver coins will have discoloration around the rim.

While finding silver coins in your everyday change can be an exciting way to add to your collection, it's important to keep in mind that silver coins in circulation are becoming increasingly rare, so don't be discouraged if you don't find any right away. It may take some patience and persistence, but with a bit of luck, you may just stumble upon a valuable silver coin in your change one day.

How Should I Buy Silver Coins From Dealers?

When purchasing silver coins, always verify the authenticity of the coin by examining the design elements and the weight of the coin. Look for specific design elements such as the denomination, date, and mint mark. You can also use a magnet to test the coin - genuine silver is not magnetic, so if the coin is attracted to the magnet, it is likely a fake.

Apart from authenticity, it's crucial to consider the purity, weight, and condition of the coin before making a purchase. Coins that are well-preserved and free from damage are worth more than those that are worn or damaged. Be sure to research the mint mark and date of the coin before making a purchase, as older coins are generally more valuable.

Lastly, make sure to do your research and know the market and pricing for the specific type of silver coin you're interested in. Consult with an expert or trusted dealer to get a better understanding of the pricing. Using a greysheet will also help you to ensure you aren't over paying on premiums.