i found a few george washington silver quarters and i was wondering how much the average price on them are
The Reciprocal of the Square Root of Two Silver is about $7 per ounce. There are 0.7 ounces of silver in four US silver quarters, so each one is worth about 5 times face or $1.25. There are many ways to figure this out. A half dollar has 12.5 grams of 90% silver. A Dime has 2.5 grams of 90% silver. Four quarters have 25 grams of 90% silver. There are 31.1 grams in a troy ounce. 2 * 12.5 * .90 = 10 * 2.5 *.90 = 22.5 grams per dollar minor (NOT "Silver Dollars." Silver dollars were minted to a different standard.) 22.5 / 31.1 = 0.7234 At this moment, www.kitco.com is quoting 6.98 for silver spot. 0.7234 * 6.98 = 5.049332 or about 5 times face. Basically, take the spot price and multiply by 0.7.
Right on...nobody likes math and no nobdy nowhere likes the english. What years were the silver quarters minted in?
The short answer is, most dealers will buy average circulated common date quarters for about $1 per coin...that's $40 per roll. To buy them from a dealer would cost about $1.25 per coin...$50 per roll. These are average buy/sell prices for average coins. Mileage may vary. Nick
I agree with tradenick I can buy common silver Quarters, Halves, and Dimes for 5X face, all day long, for any quantity. You can bet these dealers are only paying 4X face or less.
How do you describe "gem BU" ? And please don't misunderstand - it's not face value they are talking about - it's 4 or 5 times face value - which is the value of the silver content. But even gem BU '61 or '64 examples, I describe it as MS65 or better, rarely sell for much more than that.
Cool; we finally worked our way back to my answer. I'm looking at the Red Book (I know: Greysheet is superior to Red Book, and recent auction prices (eBay, Heritage) are a better indicator yet; blah, blah, blah), and it shows the cheapest MS-65 values for Washington quarters from 1932 to 1964 as $15; many of them are $45 or more, all the way to $3000 for the 1943S double die obverse. Even though this is only the Red Book, I would interpret that to mean that if the quarters are MS-65, they are worth substantially more than five times face. Or is the Red Book off by that much ?
So would I in many cases. But in this particular case the poster specifically asked about 1961 & 1964 gem BU quarters - no others.
Okay; I was still thinking of rhway's original post, even though I quoted JVG814 more specific question.
