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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.

2 LAS VEGAS

LOCATIONS

East Flamingo

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

West Flamingo

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

WHY CHOOSE US?

READ OUR REVIEWS

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.

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

My Aunt recently passed and she lived in the outskirts of Las Vegas. While my sister and I went through her estate we found a number of items that neither of us considered keeping, but our aunt was clear in her will that she wanted us to use her things to make a profit and in turn use that money to help our futures. We shopped around, especially not being from the area, and got a lot of negative experiences just on the phone. People were rude, uninformative, and really just gave us a feeling they wanted to rip us off. It made us think of those dirty pawn shops you “hear about”. Finally I called Nevada Coin and Jewelry and the whole day shifted! We described a few pieces of jewelry and they helped us figure out initially a general value based on the metal. Of course, they did explain the importance of actually coming in and examining the pieces individually. That level of service over the phone got us through the door. When we went to the spot we were greeted with the same level courtesy, but the professionalism when going over each item and it’s value was through the roof! They took the time to explain why each item was worth what amount and even gave us a little bit of history on the styles. At the end of the day, my sister and I walked away with a sizable amount of money to put towards my son’s college fund and my sister’s vet school. Thanks, Nevada Coin and Jewelry!

Ashleigh L.

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

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.

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.

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.

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

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

Been living in Vegas for many years and never had to sell or hock any of my items unfortunately as luck would have it that day did eventually find me and let me tell you is it a tough racket to find a decent place out here to do business with. Pawn shops are a joke and could care less about their customers and treated me like another number. Tried and tried and place after place the numbers where all over the place. Finally decided to go to these guys and I’m glad I did. They tested each piece of my jewelry right in from of me with some kind of xray machine. They explained how they calculated the price and paid me cash on the spot. Avery was very helpful and didn’t mind answering my questions and explaining what they do. I left feeling I got the best price for my items. I would recommend them to anyone looking to sell their jewelry.

Christian M.

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.