Junk Silver Coins
Junk silver coins are circulated US silver coins that were made prior to 1965. These junk silver coins are worn with nicks and scratches and are not desired by coin collectors but are in high demand by investors. They contain 90% silver by weight and have been a good investment hedge against inflation for many years. The silver coins minted after 1964 have a reduced silver content of 40%. You can’t find these pre 1965 silver coins in circulation now because they are sought after and prized for their silver content.
Junk Silver Coins are usually offered in bags of $1,000 face value. A bag weighs in at about 54 pounds and will contain 715 to 720 troy ounces of pure silver. A bag of pre 1964 silver contains about 10,000 dimes or 4,000 quarters. You can purchase in smaller lots too.
The following advantages make purchasing junk silver coins a smart choice.
They can be purchased at a discount compared to other silver coins such as the American Silver Eagle. You can typically get about 10% more silver when buying junk silver coins as compared to purchasing American Silver Eagle coins. The difference is that the junk coins are worn and circulated and the best part is that they are 10% cheaper to buy for the same silver content.
I can remember when the price of an ounce of silver was just over a dollar. That was 1963, the year I graduated from high school, and silver was $1.30 an ounce then. I had a big mayonnaise jar full of scrape silver that I sold for that price. Today that same ounce is priced at over thirteen dollars. That is growth of 1000 percent.
The silver content of those U.S. minted coins is certified by the United States Government. You can be sure that those Mercury dimes, Washington quarters, and Kennedy half dollars you buy are 90% pure silver. Silver value has been on the rise and especially so when the economy is down.
The U.S. minted coins are easily recognized all over the world. Everyone knows what they are so their value is universal which makes them easy to sell.
They will always be worth face value and are recognized as legal tender in the United States. That means they retain value and no matter what the price of silver is the value of junk silver coins can never go to zero.