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<p>[QUOTE=&quot;Joe2007, post: 3165228, member: 44034&quot;]The coins you describe in circulated grades generally don&#039;t have much numismatic value. Most local coin dealers will undoubtedly base their offers on the metal content not on the numismatic aspects of the coin. My local dealers buy junk silver at approximately 20% back of the precious metals value of the coin. For example a few weeks ago they were buying at 9.5X face while selling at 11.3X face. For coins like heavily circulated common Morgan&#039;s in G-VF they pay a bit more than the melt value of the coin, they were paying $12 each for Morgan/Peace dollar and then selling them for $18.[/QUOTE]</p><p><br /></p>

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