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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.

OUR

LOCATION

East Flamingo

Monday – Friday: 9:30 am – 4:30 pm
Saturday and Sunday: Closed

WHY CHOOSE US?

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 past Saturday I had the opportunity to meet the owner and team at Nevada Coin and Jewelry. I didn’t know what to expect but they made me feel both comfortable and safe. I went through my collection of jewelry, both broken pieces and things I thought were of no value at all. They took the time to explain what each carat weight was worth and they helped me sort through my items. I was amazed at what they gave me for things I would never wear or use. I would recommend you stop in and speak to them, you might be as pleasantly surprised as I was.

Suzanne P.

After visiting a couple of the “traveling gold & silver merchants” who came to Mesquite, I made a call to Nevada Coin & Jewelry in Las Vegas… David was very helpful and professional. Their prices were the best I had seen… I left very satisfied with my trip and the deals we made. I will definitely go there again.

Carol R.

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

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

As a first timer in selling, I was a bit apprehensive. I did not know what to expect and was a little worried about a previous reviewers comments. Yes the office was stark and clinical. The staff however, more than made up for any downfall in the decor. Very helpful, polite and understanding to any ‘silly’ questions that were asked. All in all a pleasant experience, and one that should the opportunity arise I would go through again!

Marie G.

Nevada Coin and Jewelry – has excellent customer service – providing las Vegas with top notch service and expertise – this is my primary coin dealers — others just can’t keep up – they are helpful and friendly – in my opinion they are the best in the south west area — so that’s my review a++++ rating – because I am a good customer – this is the best place to buy and sell gold and silver bullion.

Freddie I.

My friend and I came here to sell some coins and jewelry. We first saw Scott about some coins. He was very friendly and knew his stuff. Afterwards, he brought us over to Sheila who looked at our jewelry. She was also very nice and professional. We will definitely come back here again. GREAT PLACE!!!!

Susanne T.

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

While vacationing in Las Vegas I did what a lot of people do I’m sure or at least that’s what I’m telling my wife ..I blew through the money I brought a little quicker than expected and I ended up having to shop my Rolex around to several dealers to save the trip. So I looked online for places, most offers over the phone were low and that’s if they would even quote me in the first place. I spoke to a guy at Nevada Coin and Jewelry who gave me a fair ball park price and a reasonable explanation as to why his number couldn’t be solid. Went down expecting to get the lower number and in fact Robert their Rolex expert said my Rolex was a better model then I had described. He paid me a higher number than he quoted. Thanks for saving my vacation guys.

Weldon O.

We were really pleased with the help that AJ gave us concering our gold coins and watches. I don’t think we could have received a better deal anywhere. All of the personnel at Nevada Coin & Jewelry were very professional. We will recommend them to our friends.

Dean & Judy

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

Gail B.