Buy Pre 1964 Silver Coins
Junk Silver Coins, also known as US 90% Silver Coins, generally refers to old US currency coins whose value is based on their silver bullion content. These are 90% silver coins minted by the US Government pre-1965 (half dollars, quarters, and dimes). New investors often incorrectly correlate the term junk silver to the condition of the coin. In actuality, 90% silver coins can come in a variety of conditions from near brilliant uncirculated (BU) to circulated (worn). US 90% silver coins are sought after based on both their silver content and currency value.
buy pre 1964 silver coins
Like the American Silver Eagle Coins , 90% Junk Silver Coins are still official US currency and thus can be used as a means of legal tender face value payment. Yet they are often saved and held for the long term given the silver bullion value contained within them.
Old US silver coins, such as the silver dollar and the silver dime, were once commonplace and formally part of our nation's standard circulation coinage. Beginning from the signing of the 1792 Coinage Act continuing until silver was formally removed from large circulation coin strikes by the 1965 Coinage Act.
These formerly circulating United States silver coins are sometimes referred to as: Constitutional Silver Coins, Junk Silver Coins, pre 1964 silver coins, pre 1965 silver coins, 90% Silver Coins, or 40% Silver Coins (struck from 1965 - 1970).
In the modern silver bullion coin industry, older, once circulated, silver coins are often sold in 'face bags' which measure the total 'legal tender' face value each bag contains. The vast majority of Junk Silver Coins traded here at SD Bullion are 90% silver coins stuck and issued before 1965.
Seasoned silver investors often associate 90% as a leading indicator of silver investment demand. Because 90% US silver coins have not been minted since 1964, they are typically the first silver precious metal coin to indicate a shortage of silver supplies during a period of increased silver demand. For example, during the peak of the 2008 Financial Crisis, silver bullion supply shortages led to 90% Junk Silver Coin price premiums of up to 40% above the then fluctuating silver spot price.
Conversely, when financial markets are calm and physical silver bullion supplies are loose and ready for immediate delivery, older junk silver coins can reach price levels at or very close to the fluctuating silver spot price . When selling older 40% or 90% silver coinage to silver bullion dealers during normal calm market periods, you should expect to receive a bid or offer price slightly lower than the fluctuating silver spot price.
Both old US 40% and 90% silver coins are still legal tender today but they are most actively traded based on their overall silver content and not their legal tender face values. Many silver savers like owning these old US silver coins for potential use in direct barter or trade. For example small old US 90% silver dimes contain about 2.25 grams of silver in each coin. In a financial crisis, many contend these small denomination silver coins could come in handy when purchasing everyday goods and services.
Yet the largest most important reasons people buy and hold old US Constitutional Silver Coins for the long term is the fact that their precious silver content has proven to be a good hedge against ongoing fiat currency debasement and purchasing power loss. In short, silver retains its value over the long term allowing holders to keep a portion of their wealth in these private, tangible, legal tender, precious metal silver coins of our forefathers.
Owning 90% Junk Silver Coins, such as silver dimes and silver dollars, is often part of a diversified precious metal investment portfolio. It is primarily sought after by silver investors for its currency value and as a hedge against the possibility of an economic or currency collapse.
One of the most popular ways to invest in silver bullion is buying U.S. pre-1965 silver coins. Junk silver bags are considered to be fractional silver bullion. They provide an easy way to add multiple ounces of silver to any investor's collection. Unlike other silver US coins for sale, junk silver coins don't include any additional refining or minting fees. Commonly referred to as "junk silver coins," this name developed in the 1970s and is used to describe average circulated U.S. silver coins, meaning no rare coins are included.
In terms of purchasing power, a silver dime today is worth nearly the same as it was back when it circulated as common money. In nominal terms, a silver dime today is, of course, worth a lot more than its 10 cent face value. A silver dime contains approximately 2.22 grams of silver. That works out to approximately $1.79 worth of silver, assuming the recent spot price of $25.00 per ounce.
Junk silver dimes and quarters do offer several advantages. First, they provide small increments of barter. Secondly, like silver rounds, this form of silver coinage generally carries a low premium over the spot market price of silver -- unless during situations of physical supply shortages. (In other words, the market value of "junk silver" is very close to the actual melt value of the junk coins.) Thirdly, they are legal U.S. tender (albeit only for the face value). Finally, junk silver bags are recognized around the world as a trading medium and are therefore very liquid. You can buy silver bullion coins online or by calling Money Metals Exchange at 1-800-800-1865.
Each of these pre-1964 coins was in circulation and being used as currency until the government discontinued the use of real silver in its coins. This series includes the beloved Morgan Silver Dollar, which continues to be sought after by collectors to this day.
A much more straightforward alternative to junk silver is fractional silver rounds. These are privately minted rounds that come in weights such as 1/2, 1/4, or 1/10 of a troy ounce. They are made of .9999 pure silver and clearly labeled.
Because of this, their value is far easier to calculate. For example, with the 1/2 troy ounce rounds found in our new Silver Barter Bags, you only need to know the spot price of silver and divide it by 2 to figure out the value of a single round. Easy!
These coins, like the modern quarters, dimes, and half-dollars in your pocket today, were once used for all manner of commercial transactions. These coins were never housed in protective plastic or sealed up in capsules. The original intent was not for investment or collection, but rather for settling commercial transactions and debts.
As such, 90%, 40%, and 35% silver coins have signs of wear and tear on them. Others, based upon the design present on the obverse and reverse, may possess signs of attempted repair or cleaning to try and improve the value of the coin as a collectible piece. Regardless, 90%, 40%, and 35% silver coins showcase less luster in their finish and more damage to the design elements, surface areas, and edges than bullion coins which never entered circulation. 041b061a72