Question by Roman Van Allen: Convert my silver coins / rounds into silver?
I have...
374 quarters - 90% silver
31 half dollars - 90% silver
196 half dollars - 40% silver
11 dollar coins - 40% silver

* The combined silver weight of all this coinage is about 110 ounces.
* I see that silver bars are sold in 100 ounce bricks.
* The vast majority of these coins are of non-collectable value.
* Some are in excellent condition, but they aren't rare.
* What I would like to do is convert (either by trade or melt) these coins into a 100 ounce bar.

Question: What is the best way to make this happen?

These coins were collected by my aunt as change when she ran a gas station many many years ago, so most have heavy circulation wear. She gave them to me, citing their silver value a few years ago, but they've sat in my closet much like they sat in hers. I dont want to profit from the intrinsic value, I just want it condensed into a more liquid currency in case the need every arises. In the meantime, I would like keep it as an heirloom with hopes of never offloading it.

I realize that if I was to go to the painstaking trouble of selling them individually or a few at a time, I could eventually just buy the bar with plenty to spare, but there are just too many! Melting and separating the metals is not something I'm going to be able to do, no matter how resourceful I am, so I thought I would post this question up as my first inquisitive stint on this website. Thanks in advance!
This is a reply to Dr. Bob. I hope adding this so that it was appear below Bob's response.

Thank you! That was very informative. I got 110 ounce weight by using a website that asked me to input quantity and type/date range of the coins.

I will call a place that I used previously to see what options they have for me. It should have occured to me that it's not legal to melt them. D'oh! Hopefully I can find someone who is willing to make an exchange or equivalent thereof to make this happen. I'm not so much interested in the fluctuating value of silver, just a conversion of the medium. It's just more likey that someone will do this for me because silver has spiked.

Best answer:

Answer by exactduke
Not sure why you think a 100 oz bar would be more liquid?? I would imagine that your current hoard, would be much more liquid & easier to spend, than a 100 oz bar. And I say this, as someone who has 7 dozen Morgan silver dollars & 300+ silver quarters.

But if you must do this, then check out a couple of coin dealers & see if they would be interested in buying your coins, or exchanging them for silver bars. Personally I would go for 10 oz bar(s), as opposed to a 100 oz one.

What do you think? Answer below!
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