Should I Sell or Refine My Silver Coins?

Written on February 3, 2010, by Arch Enterprises

I have 3 Morgan coins – 2 coins dated 1921 and 1 dated 1880. And 1 Peace coin dated 1924. These coins were my grandmothers and are in pretty good condition. Could you tell me how to get a good price for my coins? From Katara in Severna Park, Maryland

Hi Katara,

Your coins do contain silver, but four coins are not worth very much based solely on their silver content. Since you mentioned that the coins are in good condition, a coin collector may be a better option for you.

As a precious metal refiner we only buy coins for their scrap silver value, not for the collection value or “numismatic” value. I recommend bringing them in person to a coin collector. I would also advise getting several appraisals from professionals.

Some coin collectors will buy coins for their silver content and then sell them in bulk to refiners. This price will probably be significantly lower than if your coins are collectables. Make sure you know if they are buying your coins for the silver or for the collection value.

Ask The Refiner

What areas does Arch service?

We get this question a lot and so we have posted it here and also on our FAQ’s page on our website.

Arch is a national precious metal refiner and receives shipments from the contiguous United States at our facility in Mexico, Missouri. We do not work with international shipments on a regular basis.

Arch is headquartered and operates its refining facility in Mexico, Missouri. We also offer onsite pick up for large volumes of X-Ray film in the following states:

Alabama

Florida (Northern Counties)

Illinois

Iowa

Kansas

Missouri

Oklahoma

Tennessee

Arch no longer operates a satellite refining …
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