What is Junk Silver

Junk Silver is used to describe pre-1965 silver U.S. dimes, quarters, halves and dollar coins. These coins contain a whopping 90% pure silver and can be found in your pocket change.
With silver trading at record highs, now is the time to get into junk silver!


Junk Silver: US Silver Eagle vs Junk Silver

Silver prices are going through the roof. Yesterday's price nearly touched $22 an ounce. That is leading many investors to consider purchasing silver to add to their portfolio.

For new investors, there are a number of options for first time silver investors - bullion, coins and junk silver.

Bullion is best described as silver ingots. Bars of silver minted and priced by weight.

Coins can be minted or common date, but let's consider coins to be government minted such as the US Silver Eagle. These are beautiful coins in one ounce denominations with a one dollar face value but are priced according to the latest spot silver prices.

Junk silver is common date US quarters, dimes and halves minted 1964 and earlier. Junk silver is priced by silver weight (90% of total weight) and listed as "face value". So ten dollars face value junk silver quarters would be 40 US quarters and priced at the 90% per ounce of the going spot silver price.

So which is preferrable? In my opinion, and I am not a professional investment councelor, but merely a collector, I would put my money on junk silver. Why?

- Junk silver has face value to the holder and the receiver. Everyone knows what a quarter or a dime is and what it is worth.

- Junk silver is portable. It is difficult to make change with a silver ingot.

- Junk silver is money even if silver prices drop. A junk silver quarter will always be worth twenty five cents at minimum.

- Junk silver will attract less attention. A Silver Eagle or bar might get the notice of the the wrong people; an old dime is an old dime.

- Junk silver is historic.

I love Silver Eagles. They are beautiful coins worthy of any investor or collector. Ingots are suitable for the safety deposit box or safe. But junk silver is my favorite for the practical and possibly, cash short investor, to get started with.
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