Junk Coins

Junk Coins are worn, scratched, and circulated US silver coins that were minted in 1964 and before. Because these Junk Coins are worn with nicks and scratches they have no numismatic value and as such are not sought after by coin collectors. But because  the silver content is 90% they are hoarded by investors and continue to be a good hedge against inflation . The silver coins minted after 1964 are not valued because they have a reduced 40% silver content. Pre 1965 silver coins have not been in circulation for many years now because they are sought after and saved for their high silver content.

You can buy Junk Silver Coins in bags of $1,000 face value. A bag contains about 4,000 Washington quarters, or 10,000 Mercury or Roosevelt dimes and weighs in at about 54 pounds. One bag will yield about 715 to 720 troy ounces of pure silver valued at today’s silver prices at almost $10,000 more or less depending on the silver price at the time. In 1963 when silver was at $1.30 an ounce a bag of silver coins cost around $900. A bag of junk coins has increased in value to almost $10,000 today and is expected to further increase in the coming months.  The standard purchase is $1,000 face value but you can purchase in smaller lots too.

Junk Coins are a smart investment choice in today’s economic situation.  American Silver Eagle coins are more expensive to buy. Buying Junk Coins typically gives a 10% advantage which results in getting more silver for your money. Junk Coins are worn and circulated and not desired by coin collectors. Junk Coins have value solely for their silver content and that makes them up to 10% cheaper to buy.

Back in 1963 the price of an ounce of silver was just $1.30. I collected scrape silver then and had accumulated several pounds of silver contacts from electrical relays and switches. I sold all that silver for the going 1963 price. Today that same silver is worth thousands of dollars instead of hundreds. In 1963 silver was $1.30 and today it has reached $13 an ounce a growth of 1000 percent.

Junk Coins are minted by the U.S. government and as such their silver content is certified by the United States Government. Mercury, and Roosevelt dimes, Washington quarters, and Kennedy half dollars are all certified to contain 90% pure silver. The value of that silver has been on the rise and is showing giant gains during the economic decline.

Junk coins that are minted in the U.S. are recognized the world over by collectors and business. Their value is universal which makes them valuable as money and easy to sell as precious metal.

U.S. Junk Coins are recognized as legal tender in the United States will always be worth face value. They retain value as money and no matter what happens in the economy, even if the price of silver drops  the value of Junk Coins can never go to zero. That is value that no other investment can provide.