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Published August 22, 2011, 11:41 AM

Silver prices have some cashing in

Fargo, ND (WDAY TV) - After this story, you will start to wonder: Where is all that old silverware from Grandma, the old silver dimes and coffee servers. Before you run up to the attic, you will want to see this.

By: Kevin Wallevand, WDAY

After this story, you will start to wonder: Where is all that old silverware from Grandma, the old silver dimes and coffee servers. Before you run up to the attic, you will want to see this.

“Who doesn't have some of this laying around?”

Old silver dimes and MORE.

Jack Seaman – Treasure Island: “1964 and before, dimes, quarters, and half dollars these are half dollars the contain 90 percent silver.”

At Treasure Island on 42nd Street, it is like a grocery store. People lined up everyday bringing their silver in, and walking out with cash. That's what Frank and Mary Lou Matejka did.

Frank Matejka – Fargo: “It has been in the drawer so long I got tired of looking at it.”

Take a look at this zip lock back of silver ware brought in today. You bring this in and you will leave with hundreds, even close to $2,000.

Jack Seaman: “A few months ago, gold and silver were at an all time high and we thought that was busy. That wasn't busy and this is busy we have lines all day every day and there is no end in sight.”

What happens to Grandma's silver? It is recycled really, melted down and turned into silver bars like this and purchased by people as an investment.

Jack Seaman: “This is one of the big things is sterling flatware, and our serving trays and candle sticks anything with sterling silver is worth a lot of money.”

The price fluctuates; a real time board dictates the silver price...that is what you will be paid for your treasure turned cash. So clean out your drawers and attic trunks....all those items bound for an auction or garage sale may be worth more than you know

Silver plated items are not worth anything, they must be sterling silver. Treasure Island says a lot of people hit rummage and estate sales and buy silver items at low prices and make a profit when they bring them in.

Before you ignore your piles of change on your dresser, consider this----One silver dime is worth nearly $3 now. A quarter made before 1964 is worth just over $7, and one half dollar coin will get you nearly $15.

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