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.
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 MEXICAN UN PESO SILVER COINS JUNK SILVER 3 OTHERS  US $3.89
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 Pre 1965 $1000 FACE VALUE SILVER COINS 90 JUNK SILVER US $15,099.00
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 junk silver 100 mixed 90 silver dimes $10 face value US $132.20
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 20 PEACE SILVER DOLLARS NO JUNK HERE 1 ROLL US $355.00
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 6 90 mixed silver quarters NOT Junk $150 face LK US $21.84
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 JUNK SILVER DIMES 192636424444565861 NOT JUNK US $5.56
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 1 Ounce Nice Silver Coins Mixed Lot 90US Pure NOT JUNK US $26.95
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 Two Troy Ounces Junk Scrap Silver Electrical Conducters US $27.99
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 One Troy Ounce Junk Scrap Silver Electrical Conducters US $13.99
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 4 Ounce Nice Silver Coins Mixed Lot 90US Pure NOT JUNK US $95.00
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 One Ounce Silver Coins Mixed Lot 90 US Pure NOT JUNK US $15.00
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 MIXED LOT OF JUNK SILVER COINS DOLLARS US $56.01
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 ONE POUND 90 SILVER QUARTERS PRE 1965 70COINS NO JUNK US $334.95
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 Junk Drawer lot coins silver vintage antiques no gold US $4.00
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 One Troy Ounce Junk Scrap Silver Electrical Conducters US $16.99
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 Load of Old Junk Silver Dimes 1 Roll $500 Face NR US $71.01
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 Junk 90 Silver Old USA Coins Face Value No Reserve US $20.05
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 JUNK silver 1000 face US $65.00
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Junk Silver
December 6, 2008 by Grams · Leave a Comment
Junk silver is an informal term used in the United States and Canada for any silver coin which is in only fair condition and has no collectible value above the bullion value of the silver it contains. 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; junk silver is not necessarily scrap silver.
Update: David Morgan of silver-investor.com has wriiten an excellent article on junk silver.
The most commonly collected U.S. junk silver pieces are Mercury and Roosevelt dimes, Washington quarters, and Franklin and Kennedy half dollars, minted in or before 1964. These coins have a 90% silver composition ("coin silver"), and when minted contained 0.7234 troy ounces of silver per dollar of face value. In practice, the content is usually assumed to be 0.715 ounces because of wear. Less common as junk silver are Kennedy half dollars from 1965 to 1970, which contained 40% silver. Peace Dollars may also be collected for their silver value, but are also less common.
Canadian dimes and quarters contained 80% silver (0.600 troy ounces per dollar of face value) until 1966. In 1967, they were minted in both 80% and 50% varieties. In 1968 they either contained 50% silver, or none at all (Cupro-Nickel). Dollars and half dollars were minted in 80% silver until 1967.
Junk silver coins may be a desirable method of investing in silver for several reasons:
1. Junk silver can often be purchased for little or no premium over the spot price of silver, particularly during periods of economic stability.
2. Junk U.S. and Canadian coins remain legal tender, and will always be worth at least their face value, regardless of the price of silver.
3. Though not as common as they once were, junk silver coins are still somewhat well-known, and may be less likely to have their value disputed than silver bars or rounds.
Junk silver coins can be easily spent or traded in small amounts; as of March 2008, the silver in a U.S. silver dime was worth less than US$1.50. In contrast, silver bullion coins and bars are rarely smaller than one ounce, while gold and other precious metals are highly valued in even minuscule amounts.
For some of these reasons, junk silver is popular among survivalists. In the event of a crisis or catastrophe during which traditional currency collapses, it is speculated that silver coins could provide a viable alternative, temporarily or indefinitely, while fiat currency, which is not back by precious metals or other commodities, has no inherent value and can be subject to extreme inflation, even hyperinflation, similar to Weimar Germany and, more recently, Zimbabwe.
Proponents of junk silver and other precious metals adhere to the principle that while fiat currencies have historically always been subject to hyperinflation, precious metals will always have inherent value and can act as a medium of financial exchange when fiat instruments of payment are obsolete.
