Coin Dealer & Silver Buyer in Mobridge, SD
Buying and selling coins on Main Street since 1941. U.S. silver coins, junk silver, Morgan and Peace dollars, American Silver Eagles, rounds, bars, sterling and whole collections. Walk in during business hours — no appointment needed.
Where to Sell Silver Near Mobridge
Right here on Main Street. Larsen's buys silver at 211 N Main St, two blocks south of US-12 — U.S. silver coins, junk silver, Morgan and Peace dollars, American Silver Eagles, rounds, bars, sterling and whole collections. Everything is weighed and tested in front of you, and if you accept the offer you are paid in cash the same day. Walk in with no appointment, or text photos to (605) 850-9455 first.
Silver, Coins & Collections We Buy and Sell
Silver rounds & bars
.999 fine rounds and bars in 1 oz, 5 oz, 10 oz and larger. Recognisable refiners include Engelhard, Johnson Matthey, PAMP Suisse and Sunshine Mint.
American Silver Eagles
Bullion, proof and collectible. Authenticity, condition, packaging and current demand all affect value beyond the silver content.
U.S. silver coins
Pre-1965 dimes, quarters and half dollars, Morgan and Peace dollars. Date, mint mark and condition are reviewed before anything is treated as melt.
Sterling & collections
Sterling jewelry, flatware and marked .925 items, inherited coin collections and mixed precious-metal groups. Bring cases, albums, certificates and paperwork.
Collectible coins & currency
Key dates, mint marks, proof and mint sets, and older U.S. paper money — silver certificates, red-seal notes and large-size bills.
Gold coins & bullion
Gold coins and bars, authenticated and weighed in-store. See also cash for gold.
Not sure what you have? Text clear photos of the whole group plus close-ups of dates, mint marks, purity stamps and packaging to (605) 850-9455. Final identification and pricing are confirmed only after an in-store inspection.
How an In-Store Silver & Coin Evaluation Works
Bring the items in during business hours — for a large group or a long drive, call or text photos first. We review markings, weight, purity, dimensions and condition, using appropriate verification methods where needed; no single screening test is treated as proof by itself. Then we explain the verified information and the current market reference behind the offer. You can accept, decline or ask questions without pressure.
Offers depend on market conditions, verified purity and weight, item type, condition, quantity and resale demand. Recognisable bullion and certain coins carry value well above basic melt. A premium is value above the underlying silver content — from fabrication, recognisability, government issue or collector demand. The gap between a dealer's buying and selling prices is the dealer spread. How silver is valued, below, covers spot price, troy weight and purity marks.
How Silver Is Valued
Every silver offer starts from the same arithmetic. Premium, condition and recognisability move the number up or down from there.
spot price × purity × weight = melt value
Spot price is the market reference for one troy ounce of pure silver — a starting point, not a guaranteed buy or sell price. Melt value is what the silver in your particular item is worth once purity and weight are applied, so sterling, 90% coins and .999 bullion do not calculate the same way. We do not publish a payout figure here because silver moves every day; check the live rate on Kitco's silver chart and run the numbers yourself. Final offers are confirmed in store after inspection, testing and weighing.
Weigh in grams, not kitchen ounces. A troy ounce is 31.1035 grams, not the 28.3495-gram ounce on a kitchen scale. That ounce is about 10% lighter, which is why people who weigh at home routinely undercount what they are holding.
Purity is the multiplier
Fine silver · 99.9%
Bullion rounds and bars. Marked .999, "999" or "fine silver".
Sterling · 92.5%
Jewelry and flatware. Marked 925, "sterling" or "ster".
Pre-1965 U.S. coins · 90%
Dimes, quarters and half dollars dated 1964 or earlier.
War nickels · 35%
Nickels dated 1942–1945. Check them before spending them.
Morgan and Peace dollars, American Silver Eagles and certain collectible coins can be worth more than their metal, depending on date, mint mark, condition and demand. Do not clean or polish old coins. Cleaning can permanently reduce collector value, and a dull, original coin is worth more than a bright, scrubbed one.
Silver Rounds vs Bars vs Coins
All three are bought and sold at the same counter. The difference is who made the piece and what, beyond the silver itself, sets its price.
| Rounds | Bars | Coins | |
|---|---|---|---|
| What it is | Coin-shaped silver from a private mint | Silver from a refiner, in 1 oz, 5 oz, 10 oz and larger | Government-issued money |
| Examples | 1 oz .999 rounds | Engelhard, Johnson Matthey, PAMP Suisse, Sunshine Mint | American Silver Eagles, Morgan and Peace dollars, pre-1965 dimes, quarters and halves |
| Purity | .999 fine | .999 fine | .999 for Silver Eagles; 90% for pre-1965 coins and Morgan and Peace dollars |
| Legal tender | No | No | Yes |
| What sets the price | Weight, purity, condition, recognisability and the silver market | Weight, purity, condition, recognisability and the silver market | Silver content, plus any premium for date, mint mark, condition and demand |
Buying Silver in South Dakota — No Sales Tax on Coins or Bullion
South Dakota does not charge sales tax on coins, currency or bullion. Under South Dakota Codified Law § 10-45-110, gross receipts from the sale of coins, currency or bullion are specifically exempted from state sales and use tax. That applies statewide — it is not something one shop offers and another does not.
The statute defines bullion as any bar, ingot or commemorative medallion of gold, silver, platinum or palladium where the value of the metal depends on its content and not the form, and coins and currency as any made of gold, silver, other metal or paper which is or has been used as legal tender. Pieces whose value comes from their form rather than their metal — fabricated or decorative items — fall outside it. We are a coin shop, not tax advisors; check your own situation with yours.
Larsen's may have rounds, bars, American Silver Eagles, U.S. silver coins and other bullion available for in-store purchase at 211 N Main St, on US Highway 12 in north-central South Dakota. Inventory changes as items are bought and sold, and the website is not a live inventory feed.
We do not ship or sell online
Everything happens at the counter — inspected, weighed and priced in person. That is the point of buying from a shop you can walk into, but it does mean a South Dakota purchase is an in-store one.
Call before a special trip
Ring (605) 845-3759 with the format, quantity or price range you want and we will confirm whether matching inventory is on hand. Pricing is confirmed in store when you choose the item.
How far Mobridge is
Aberdeen about 101 miles (2 hours), Pierre about 109 (2 hours), Watertown about 196 (just under 4), Rapid City about 300 and Sioux Falls about 304 (both around 5½). Coming from the far side of the state, call first.
Coin Shop & Silver Bullion Questions
Is there a coin dealer in Mobridge, SD?
Yes. Larsen's Jewelry & Half Interest Pawn at 211 N Main St is the coin shop in Mobridge and has bought and sold coins here since 1941. We handle U.S. silver coins, Morgan and Peace dollars, American Silver Eagles, junk silver, gold coins, bullion and coin collections. Walk-ins welcome during business hours — no appointment needed.
How do I find a reputable coin dealer?
Check the things you can verify. How long the shop has been at one address — Larsen's has bought and sold coins on Main Street in Mobridge since 1941. Whether coins are weighed and tested in front of you. Whether the dealer tells you when a coin is worth more than its silver before making an offer, and explains the gap between buying and selling prices. Accreditation you can look up — Larsen's is BBB accredited and a National Pawnbrokers Association member. And whether you can decline the offer and walk out with no pressure.
Where can I sell silver near Mobridge?
At Larsen's Jewelry & Half Interest Pawn, 211 N Main St in Mobridge, two blocks south of US-12. We buy U.S. silver coins, junk silver, Morgan and Peace dollars, American Silver Eagles, rounds, bars, sterling and whole collections. Everything is weighed and tested in front of you, and if you accept the offer you are paid in cash the same day. Walk in with no appointment, or text photos to (605) 850-9455 first.
Is there sales tax on silver or gold bullion in South Dakota?
No. South Dakota Codified Law § 10-45-110 specifically exempts gross receipts from the sale of coins, currency or bullion from state sales and use tax. The statute defines bullion as a bar, ingot or commemorative medallion of gold, silver, platinum or palladium where the value depends on metal content rather than form, and coins and currency as those made of gold, silver, other metal or paper which is or has been used as legal tender. Items valued for their form rather than their metal — fabricated or decorative pieces — are not covered. We are not tax advisors, so check your own circumstances with yours.
How do I know if my coin is worth more than its silver?
Date, mint mark, condition and rarity all matter, and some coins are worth considerably more intact than melted. That's exactly what an in-person look is for. We identify which category your coin falls into and tell you before any offer — including when the honest answer is that it should not be melted.
What is junk silver worth?
Junk silver is circulated pre-1965 U.S. dimes, quarters and half dollars at 90% silver, valued on weight and silver content rather than collector appeal. What it is worth on any given day tracks the silver market, so it is quoted at the counter after the coins are weighed rather than published here. War nickels from 1942 to 1945 are 35% silver and get checked too — they are the ones people most often miss.
Is sterling silver the same as pure silver?
No. Sterling silver is usually 92.5% silver and is often stamped 925, sterling or ster. Fine silver bullion is commonly .999 pure. Purity affects how weight converts into silver value.
Do silver rounds, bars and coins all pay the same?
Not always. .999 silver rounds and bars are usually valued mainly by weight, purity, condition, recognisability and current market pricing. Government coins, American Silver Eagles, Morgan dollars, Peace dollars and certain collectible coins may carry premiums above melt depending on date, condition and demand.
Do you buy broken or mismatched sterling silver?
Usually, yes. Broken, mismatched, incomplete or single sterling pieces still contain silver, so they can still have value. Bring them in for an in-store review, especially anything stamped 925, sterling or ster.
What should I bring with an inherited coin collection?
Bring the entire collection, including albums, folders, rolls, bags, capsules, certificates and notes. Do not clean the coins. Call ahead for a large collection so enough time can be set aside.
Buy or Sell Coins & Silver in Mobridge
Text photos of what you have, or call to ask what is in the case before you drive.
211 N Main St, Mobridge, SD 57601 • Mon–Sat 11am–6pm • Closed Sunday. Sales tax reference: SDCL § 10-45-110. Informational only — not tax advice.