Price of Silver

The price of silver varies every second of every day. The price of silver can determine many things. The price of silver can determine how much you get paid for your pre-1964 silver coins. The price of silver can determine how much money you will get for your 1oz silver rounds. The price of silver can also determine how much money you will get paid for your silver jewelry. The price of silver has varied from 1/15 of gold price all the way to 1/100 of gold price. The price of silver is always displayed in the price of silver per troy ounce. The price of silver rose to a peak of $49.45 per troy ounce in 1980. The reason the price of silver went so high at this time was due to market manipulation by the hunt brothers.

Adjusted for inflation, the price of silver in 1980 would have been approximately $140 per troy ounce in today’s dollars. Shortly after this happened, the price of silver dropped below $10 per troy ounce. The price of silver varied wildly in the 2000’s. The price of silver moved from $4.37 per troy ounce to $20.19 per troy ounce in the period of 2001 to 2010. In 2011 the price of silver began to skyrocket, due to increased demand by investors. The reason for this was partially due to the fact that the price of silver was still much cheaper than the price of gold, and was thus easier to invest in. Because of this, in April 2011 the price of silver hit a new all time high of $ 49.76 per troy ounce. Immediately after this, the price of silver dropped to the mid $30 per ounce price. In early 2013 the price of silver took another major drop, this time to the low $20 per ounce price. The reason the price of silver dropped was due to the strengthening of the US dollar and the economy recovering. The price of silver also seemed to have dropped once the stock market started making huge gains.

Many centuries ago, the price of silver was much higher. In the early 1400’s, the price of silver reached an equivalent of $1200 per troy ounce today. Once massive deposits of silver were found in the new world, the price of silver dropped accordingly. The price of silver is important to Judiac law, due to the fact that silver is used to pay a priest on the first birthday for a Jewish families’ first born son.

2 LAS VEGAS

LOCATIONS

East Flamingo

2675 E. Flamingo Rd Suite #10
Las Vegas, NV 89121
(East of Eastern Ave)

Monday – Friday 8:30 am – 4:30 pm
Saturday 8:30 am – 2:30 pm
Sunday Closed

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West Flamingo

6380 W. Flamingo Rd Suite B
Las Vegas, NV 89103
(East of Torrey Pines)

Monday – Friday 9:30 am – 6:00 pm
Saturday 10:00 am – 4:00 pm
Sunday Closed

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READ OUR REVIEWS

Great family run store. I’m well taken care of every time I show up at this location. Thank you Nick.

This place is definitely recommended!!! A.J. and David are amazing…very helpful and nice people at that! I would totally consider going to this place.

Bree D.

Staff was friendly, knowledgeable, and responsive. Building had great security to helped me feel safe in handling my items.

The staff are quick at work but not too quick to make you feel pressured into buying items or selling your items. They teach you about the items and tell you if they have use for your items or not. If they don’t have use for your items they call other places to see if they have a use for the items. Great staff!

Ramon

This dealer was beyond excellent in all respects! No low-ball games, no fooling around. These people are honest, and the transaction was handled smoothly with complete transparency. I will definitely recommend Nevada Coin & Jewelry to everybody I know!

Richard C.

Grateful for the Nevada Coin and Jewelry shop, I just adore it. I took some collectable figurines in and they bought them. I came out smelling like a rose. You should’ve been there to see the big smile on my face. I ran all the way home to look for some more. Can’t wait to get back! I can sure use the money!

Brenda

Outstanding experience! This is the best place to change your gold with a great attention. I’m completely impressive because they have a smooth and fast service, definitely nice people!

Pablo V.

Professional, friendly staff. Knowledgeable and fair. An interesting experience and would definitely visit again.

Gail B.

Wonderful experience, Nick and Laura made it seamless and stress free. Thank you! They also sell super cool items!!

I brought them some gold pendants, rings and a few other pieces. I knew they weren’t worth that much but I needed the cash. The guys (and there are a lot of them) were really nice and not the least bit condescending. They know when you come in to sell there is a reason but they don’t make you feel bad or inadequate. The store is filled with interesting objects for sale and for show. A very nice and very fair place to buy and sell. I highly recommend them.

Linda P.

What inspired me to go to NV Coin and Jewelry was I was an ad on the TV for the shop. I was not too sure about going to NV Coin and Jewelry to sell my jewelry because I have been to many other pawn shops but haven’t found a good deal for my jewelry. After I went to Nevada Coin and Jewelry it was a big relief for me selling my jewelry for a good price.

Bubba

Always a good experience here! Definitely the place in town I enjoy buying coins from, and I’d recommend them to anybody. Helpful staff, reasonable prices, and wide selection.

Daniel B.

Really cool cats over at Nevada Coin and Jewelry. You would’ve thought that I was “Madonna” the way those guys treated me. I was so mesmerized by all of the antiques, they have in there, I believe I was there for two hours, just looking, unbelieveable! When I went in I was so hot, they offered me a cold bottle of water, how cool is that? It felt like home to me. I wanted to get a price for some old jewelry that was passed down by grandma, I was well satisfied. When I left the shop, I was singing “Money, Money, Money.

Doris