Monday-Friday 10:00 a.m. - 5:30 p.m.
Monday-Friday 10:00 a.m. - 5:30 p.m.
SILVER
Decatur Jewelry & Pawn has specialized in silver and coins and bullion products since 1993. Buying silver coins, bars and rounds is a great way to diversify yourself. Silver and gold buyers usually fall into two categories: Bullion investors and collectors. Whether you are looking for past date Silver American Eagle Coins or this year’s date, Decatur Jewelry & Pawn is your source. We sell both gold and silver American Eagle Bullion. In addition, we also carry a large selection and quantity of silver coins, 90% silver coinage, Canadian Silver Maples, South African Krugerrands, Chinese Panda, and more. If collecting rare and historical coins, we usually have those too. Our collection includes Morgan and Peace Silver Dollars, Walking Liberty, Franklin and Kennedy Half Dollars, and more. Please call our jewelry department for a quote at 217-875-6625.
By far, silver coins are our best seller. This is for a very good reason: Compared to gold and platinum, they are very inexpensive to start with. If you want to start a collection or to start stacking for a rainy day, silver is an inexpensive way to start. Any silver coin minted in 1964 or earlier contains 90% pure silver & 10% copper. Typically, their silver value outweighs their currency value just because of the silver content. Another way to buy silver coins is to purchase one ounce .999 fine silver “rounds” or one ounce .999 silver dollars like Silver American Eagles, Canadian Mapleleafs, Australian Perths, British Commons, or Mexican Libertads. We are also a large buyer of the coins mentioned above.
Silver rounds are privately minted (not minted by Governments or countries). They usually cost less than silver coins minted by other countries, but not much less. Sometimes, they are very comparative in price. Typically, the silver rounds contain one ounce of pure silver (.999 fine) and depict various images on them, commemorating special events. These are great collectible items and also offer a hedge since they contain pure silver, which is a very tradable commodity. Decatur Jewelry & Pawn also buy these silver rounds mentioned above.
Silver bars come in a variety of weights. The most common is the one, five, ten, and one hundred ounce bars. Each silver bar contains .999 pure silver in that bar’s weight. Other weights are also available but are less common. 1,000-ounce bars are available, but not as popular. The most popular is the one-ounce silver bar because it’s so affordable and easy to store and transport. We sell all varieties and brands of silver bars. Decatur Jewelry & Pawn also buy these silver bars mentioned above.
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Decatur Jewelry & Pawn offers the best item-backed loans in the area. Our plans are flexible with a maximum repayment period of 10 years. Our interest rate is 2.9% per month or 35% APR when clients borrow 25% of the liquid wholesale value of their pledged collateral over $10,000. For example, if you have an asset with a liquid wholesale value of $50,000 and borrow $10,000, your interest would be $291.66/month. If you borrowed the money for 3 months, your total payback amount would be $10,740. Loans greater than $100,000 can qualify for even lower rates. If you have any more questions please review our FAQ page or give us a call.