panamagold

I've seen a fair amount of worn silver coins which have practically lost all details aside from the basic outline of the face.

I'd be interested in them from a silver content standpoint.

I was wondering, from a silver content standpoint, do these coins have less silver in them than a coin with good detail? It might not be a big deal for one coin, but if you buy lets say a roll of them, this silver loss maybe an issue?

PG

LostDutchman

There is definitely loss. I had a stack the other day of 10 slick walking liberty half dollars sitting next to 10 UNC 1964 JFK's and the difference was almost 2 coins in height.

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panamagold

Did you happen to weigh them?

Mike

LostDutchman

No, I was just stacking them in piles of 10 to count... and I noticed it.

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GDJMSP

Weigh them. You will be surprised at the outcome.

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WashQuartJesse

If someone is buying rolls of junk silver by weight x content and flipping them by roll they are definitely profiting from that lost silver. Sometimes the obvious gets looked over. Think how many people don't even consider this and get snubbed out of say 5% content right out of the gate.

AdamL

Do any dealers actually pay less for junk silver because its well worn? I've always thought junk was junk, and that it generally traded for its melt value, even if it is worn a bit thinner than a new coin.
??

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Prestoninanus

Where I work deals in sovereigns were the individual PM content of each coin is probably a lot more important (being gold) than it is for junk silver coins. It doesn't make any noticable difference to weight on the hi-res scales we use, and it makes no difference in bullion price between a very worn Queen Victoria Old Head and an Almost Uncirculated Queen Elizabeth II...

I would suggest that unless the coin has been blatantly clipped it shouldn't be an issue. Worn or otherwise knackered junk silver coins should trade the same as any other junk silver coin sold for silver content...

CashDude

The silver isn't so much falling off during wear, but it is being compressed.