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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: 8:30 am – 4:30 pm
Saturday: By Appointment Only
Sunday: Closed

WHY CHOOSE US?

READ OUR REVIEWS

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.

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

Gail B.

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.

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

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.

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

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

What friendly staff. They help you sell your items even if they don’t have a use for it by calling other shops around the area to see if they could use it… They want you to have the best out come from selling your items. I was so happy I decided to go to them!

B.J.

A.J. and Robert are so friendly and make it so you have the best deal with the items you bring them. They have so much knowledge about all the items they have in their shop and they like to teach others about what they know…

B.C.

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

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.

They took the time to help me sell my item and find an item. The staff does not rush you or pressure you into buying something. They take you on a little adventure by telling you about the items you are selling and looking at…

Miller B.