Buy Cheap Silver Coins Online

January 12, 2009 by Grams · Leave a Comment

It is still possible to buy cheap silver coins online. The cheapest silver coins which are readily available are referred to as "Junk Silver". These are silver coins which are in only fair condition and have no value to collectors other than the bullion value of the silver they contain. Such coins are popular amongst those seeking to invest in silver, particularly in small amounts. The word "junk" refers only to the value of the coins as a numismatic collectible and not to the actual condition of the coins. These can often be picked up in bag lots that are sold by weight. By the way, the coins are still legal tender but their metallic silver value is much higher than the legal tender value.

Junk silver coins usually consist of Mercury and Roosevelt dimes, Washington quarters, and Franklin and Kennedy half dollars, minted in or before 1964. Canadian dimes and quarters contained 80% silver until 1966.

Another source of cheap silver coins are privately minted silver coins are known as silver "rounds" and silver "bars", which usually have a set weight of 1 troy ounce of silver (31.103 grams of 99.9% silver). These carry all sorts of designs, from assayer/mine backed bullion logos, to automobiles, firearms, armed forces commemorative, holidays, etc.

It is unlikely that silver will ever be this cheap again. Silver is extremely undervalued in todays market (2009) and so there are some that argue that all silver coins are cheap because the metal is so undervalued. All silver coins increase in value as the spot silver price increases, but the best coins for small investors are the cheap silver coins like dimes or silver rounds.