Question: How much are silver strike coins worth they say .999 pure silver on them and they weigh 1 oz each. They are from casinos in Las Vegas. – From Lou in New York.
Hi Lou,
Even though your silver strike coins weigh 1 ounce each, only the middle of them are actually silver which usually accounts for about 60% of the coin. As precious metal refiners we only give returns based on the amount of silver available in the coin. We usually payout 90% of the silver value back to you. Most often the outside of the coin is made from brass that we would recycle but the amount is so small that we do not offer a return on the brass.
We would recommend doing some research first, because many times silver strike coins from Las Vegas are collectible and sought after for more than their silver value. It really just depends on how rare the coin it is, from which casino and from what year.
It is important to note that coins that have experienced significant wear often have approximate a 1% drop in silver weight. Arch Enterprises can refine the silver from all types of silver coins.
| Please keep in mind that we are not a coin dealer and cannot give estimates based on the value of collectable, rare or vintage coins. As a precious metal refiner, we only give estimates based on the weight of items and the amount of precious metal available for recovery. |
*Image displayed is only a representation of the items described in this blog post and may not be true images of the items in question.
2 comments
Silver ETFs are going to break through all benchmarks for the year and ill tell you why. Silver is now trading at about $34 which is a significant amount lower than its inflation adjusted all time highs. We all know that the economy has been having a lot of trouble lately.To top it off the use of Silver in manufacturing has increased, What this means is that the amount of silver that is unrecoverable has increased and supplies are depleted (because of the prohibitively high price of extracting silver after its been used in manufacturing applications). This means only one thing that silver prices will sky rocket and there will be no down side on the horizon. We were initially unsure ourselves if we were going to allocate a lot of our funds into gold or silver but after a thorough analysis of the silver markets we have made our moves strongly into the silver market but that’s not to say that gold has been forgotten
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