if it’s 90% silver and considering wear,
shouldn’t $1.20-$1.30 equal one oz?
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Pre-1965 U.S. Silver Coins
https://www.usgoldbureau.com/pre-1965-us-silver-coins
Here’s a chart:
https://www.ngccoin.com/price-guide/coin-melt-values.aspx
if it’s 90% silver and considering wear,
shouldn’t $1.20-$1.30 equal one oz?
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A Morgan Silver Dollar is ~26.73 grams or~0.942873 oz. A half dollar is about half the weight of the dollar. A Quarter is one forth of the dollar and a dime is one tenth of the weight.
All of them are roughly 90% silver, but most places sell them at the same spot rate as 99.999 fine bars and rounds plus a premium. It’s not unusual for Pawn Shops to have silver at +/- $30.00 / oz.
Rare dates and excellent to proof condition can GREATLY raise the price. I was recently offered a rare first year proof of a mid-1800’s half dollar at the bargain price of over $2,000.00...