top of page

Leadership Members

Public·75 members

Buy Dollar Coins At Face Value

American paper currency come in seven denominations: $1, $2, $5, $10, $20, $50, and $100. The United States no longer issues bills in larger denominations, such as $500, $1,000, $5,000, and $10,000 bills. But they are still legal tender and may still be in circulation. All U.S. currency issued since 1861 is valid and redeemable at its full face value.

buy dollar coins at face value

CoinAnnual coin production is determined by the U.S. Mint. Reserve Banks influence this process by providing the Mint with monthly coin orders and a 12-month, rolling coin-order forecast. Reserve Banks purchase coin at face value from the Mint. Further details about coins can be found on the Mint's website.

On Jan. 22, 2020, the Alaska State Legislature passed House Joint Resolution 9, requesting that the 2020 Native American dollars honoring Peratrovich be made available at face value to financial institutions in Alaska.

Except for the special program, collectors and the general public wanting bags, rolls and boxes of 2020 circulation quality Native American dollars struck at either the Denver Mint or Philadelphia Mint pay a premium above face value, plus shipping charges.

Whatever you do, don't cash these in for face value until you've checked for any special items, Weaver said. Coins you find this way are likely to be older and not previously searched through by others.

Distinguishing between face vs. intrinsic value can be particularly confusing with coins because one is not necessarily always greater than the other. For instance, the face value of a 2014 American Gold Eagle is $50, but the coin is actually worth over $1,400. Conversely, a U.S. dollar coin has a face value of $1, yet its metal content would actually only be worth about 10 cents if you were to melt it down.

While the lines between the face value of a coin and its actual worth can sometimes be blurred, understanding the differences between the two is an important lesson for both collectors and investors alike.

The actual value of a coin is not something you can see at first glance, but rather a combination of qualities that a knowledgeable coin expert can identify. For instance, a novice collector might see a pre-1965 Washington quarter and spend it in the next snack machine they see, but someone who knows that dated junk silver coins contain 90% silver would be smart to hold onto the quarter as an investment since it is worth way more than its face value. Learn more about pre-1965 90% junk silver coins.

If you are interested in making an investment that will last, then back up your financial assets by investing in precious metals today. Bars and coins made of gold, silver, platinum and palladium have intrinsic value, which will bring stability to your portfolio by offsetting the unpredictable ups and downs of paper currency.

One of the cheapest ways in which to buy silver is to purchase $1,000 face value bags of 90% silver coins that were minted prior to 1965. These coins are still legal U.S. tender and can still be used to purchase goods and services.

However, the coins actual and true value is based on the amount of silver that they contain. Their value is significantly higher than they once were. One dollar is worth more than 20x its face value.

The 90% silver bags come in four versions; U.S. half dollars, U.S. quarters, U.S. dimes and a mixed bag. Each $1,0000 face value bag weighs approximately 800 troy ounces (54 pounds) and contains approximately 715 ounces of pure silver (we will sell you any size bag that you want).

Kennedy Half Dollars are worth more than their face value do to the amount of silver in them. From 1965 to 1969, Kennedy Half Dollars consisted of 40% silver and depending on the spot value of silver, these coins are worth more.

When purchasing 40% silver in face value lots, each lot in total will add up to $1 according to their face value, so for each $1 Face Value purchased, you will receive 2 randomly selected Kennedy Half Dollars ($1/2) dated from 1965-1969. Condition will vary as well. Each lot will arrive in a resealable plastic bag.

If you are looking for a coin shop to value your items simply send us a list or photos of your coins and we will get you an evaluation back to you quickly. Selling is easier than ever, once you send your photos and receive an estimate for your coins just ship your coins out priority or express mail with signature confirmation to our coin shop. As soon as we get the coins in we will check to verify they are as what we evaluated. Once approved we quickly send out a payment to you via check, wire, Zelle, Venmo, or PayPal. We hope to become your local or not-so-local coin dealer.

As a coin buyer, we pay the top dollar for your uncertified & certified coins. No collection is too big or too small we are a powerful coin buyer and have purchased collections for upwards of $250,000! Not only do we pay top dollar for your coins our coin shop also sells at incredible pricing. Whether it is a numismatic piece or a bullion item if you scour the internet for pricing you will likely find no other coin shop or coin dealer with better pricing than us. We try to be incredibly competitive and aggressive with our pricing. We are always looking for new inventory and the next hot items to add to our coin shop displays.

Florida Stacker on YouTube recommended Aydin Coin. I was not disappointed! Great coins! I received a nearly flawless Barber Dime in the $5.00 face I had purchased. Not to mention some very special coins too! Thanks Aydin, I'll be back!

In 2011, the coin fetched 3.7 million pounds (about $6 million) at auction, the second-most expensive ever sold at auction. In 2019, another version of the coin was sold for the same amount in pounds, but the dollar value came to about $4.8 million.

While some of these coins may have collectible value independent of their silver content, such as some of the Morgans, the value of common coins is boosted by their bullion value. Some speculators focused on owning real silver may buy these coins for their precious metal content, rather than for their collector value.

The silver content for each of the dime, quarters and half dollars are the amounts contained in each coint at the time of mintage. During circulation of the coins, some of the silver content was inevitably lost due to constant handling. To compensate for this, dealers reduce the amount of silver in each dollar of face value from approximately .723 ounce to .715 ounces.

If the spot price of silver is $15 an ounce, $1 dollar face value of silver dimes would contain about $10.73 worth of silver ($15 X .715= $10.725). Dealers will generally price their junk silver at the spot price of silver plus a fluctuating premium of say $1.00- $1.50 an ounce. If the spot price of silver is $15 and the premium is $1.00, the dealer will charge $11.73 per ounce of silver; if the premium charged is $1.50 an ounce the dealer will charge $12.23.

If the spot price of silver is $20 an ounce, $1 dollar face value of silver dimes would contain about $14.30 worth of silver ($20 X .715= $14.30). Dealers will generally price their junk silver at the spot price of silver plus a fluctuating premium of say $1.00- $1.50 an ounce. If the spot price of silver is $20 and the premium is $1.00, the dealer will charge $15.30 per ounce of silver; if the premium charged is $1.50 an ounce the dealer will charge $15.80.

Junk silver coins are not purchased for their numismatic value but rather for their silver content. Purchasing junk silver however, allows the silver investor to learn about United States coinage by sifting through the various designs, dates and mint marks of purchased dimes, quarters, half dollars and dollars.

But it can take a while to see a significant return: If your card earns a standard 1 percent cash back, spending $10,000 on the card gets you just $100. And the last thing you want to do is spend more money than you normally would just to get points.So Brad Wilson, founder of deal site BradsDeals, hit on a solution: Why not just use his rewards cards to buy money?As he explains in his book "Do More, Spend Less," the scheme was made possible by the U.S. government. The Presidential $1 Coin Act of 2005 sought to put dollar coins into circulation by allowing citizens to buy the coins directly from the Mint's website at face value. Shipping was free, and the website accepted credit cards.So Wilson pulled out his rewards card and bought nearly $3 million in coins.Not all at once, of course. But over the course of eight months, he would have thousands of dollars in coins delivered at a time, then walk them into the bank and deposit them into his account. Then he would use the money to pay off his credit card bill in full. He was essentially moving money in a circle: putting thousands of dollars in charges at a time on his card, then using the cash he "bought" to pay the bill.The card he used was the American Express Starwood card, which offers 1 point for every dollar spent. He could then transfer them into an airline's frequent flyer program at a ratio of 1.25 miles per point. That meant for every 800,000 points he put into his American Airlines AAdvantage account he scored 1 million miles, good for 40 domestic round-trip flights. Combined with the miles he'd already earned, he wound up with more than 4 million miles, earning lifetime Platinum status for him and his wife.The good times couldn't last forever, though: The Mint has since discontinued the dollar coin buying program.A Small-Scale Alternative: Amazon PaymentsWilson then switched to a new method of buying money: Amazon Payments.The No. 1 e-commerce retailer is now trying to challenge PayPal in the online payments world, and to gain traction, it's offering person-to-person payments without the fees charged by similar services. So, you can load money into your Amazon Payments account using your credit card, allowing you to rack up rewards for free. And while Amazon says it will shut you down if it finds that you're sending the money back to your own accounts, you can always "pay" a spouse, family member or trusted friend who has agreed to give you back your cash.Wilson tells me that because of the monthly transaction cap of $1,000, Amazon Payments isn't really suited for racking up big rewards like he did with the Mint. It is, however, well-suited to a different sort of reward-hoarding: snagging new credit cards' sign-up bonuses.Those bonuses require a specific level of expenditures within the first few months -- usually on the order of $1,000 a month, which is attainable if you're just shifting your usual spending onto the new card. But if you have multiple cards you've acquired just for the rewards, you run the risk of spending money you normally wouldn't just to get the bonus points. 041b061a72


Welcome to the group! You can connect with other members, ge...
Group Page: Groups_SingleGroup
bottom of page