Junk Silver: The incredible value of junk silver

Unlike "silver rounds" or even gold bars and bullion, junk silver has an advantage to the investor in these trying times.

Most precious metal investments are comprised of bars or coins. Bars are found in weights such as one, five or ten ounces. The bar is merely an acceptable means of trade and transport of gold or silver bullion.

The coins are usually a special pressing or mold with artistic or historical value for instance, to commemorate a person or event. You see these frequently advertised in magazines or on late night television.

The problem with precious metals in bar or coins is that their value is determined by the market rate for the metal at the time and that the buyer and seller agree upon their value. An educated consumer and merchant are required to give the bullion value.

Junk silver has both bar and coin beaten with one simple fact; junk silver comes in a face value coin which can be used for daily transactions at nearly any retail outlet.

Even if silver drops to a dollar an ounce, a 1964 dime will still be worth ten cents. A 1943 Washington quarter will still be worth twenty five cents and so forth.

A junk silver bag of quarters with a face value of $1000.00 will contain 4000 quarters. While the price of the bag may vary between 9 and 12,000.00 over the past couple of months due to the price of silver, the face value of each of those 4000 quarters is still twenty five cents.

This is a hard to beat fact about junk silver that other forms of precious metals are hard to beat. Junk silver keeps a value no matter what the silver market is running at the time.

And that is another reason junk silver is such a great investment.

Some great advice regarding junk silver

I found another great website with practical advice regarding junk silver, not only as an investment, but as preparation for use as a currency when and if our current money loses its value.

First, our current money, the dollar, is backed by the full faith and trust WE have in the federal government. If you have lived here your entire life like I have, you know there have been several instances where trust in the government has been tested.

Further, our dollar is based upon nothing tangible; not gold, land, oil or silver, nothing.

In short, we are indeed trusting that the federal government will make good on its promise that the dollar can be used, for all debts, public or private.

If you have concerns, consider silver as a safeguard in the event the dollar loses much of its value. For this particular purpose, junk silver is ideal.

Junk silver are U.S. coins, dimes, quarters and halves, minted before 1965, and which contain 90% real silver in their content.

Yes, there are silver dollars, but the U.S. ceased minting silver content dollars in 1921 and they are seldom available unless one purchases direct from a coin or jewelry store.

Junk silver has real value and is easily recognizable. While Walmart may not know their value, the merchant who survives a real economic meltdown will.

Read the article I mention here and let me know what you think.

Junk Silver Bags

"I have been interested in buying some junk silver coins and keep hearing a term - junk silver bags. What does that mean?"

First junk silver is a great investment and hedge against inflation and the further eroding value of the dollar. Junk silver, pre-1965 U.S. silver coins, dimes, quarters and halves, represent a real investment in silver as they contain 90% silver by weight.

Although many silver investors purchase silver in small quantities, such as in rolls or loose, coin dealers prefer to deal in bags. A bag is described by its weight of the coins it contains.

For instance, a quarter pound bag contains a quarter of a pound of junk silver quarters, dimes, halves or a combination of the three. Now the weight is not the number of coins, but the weight of silver content. So a quarter pound bag actually weighs more than 4 ounces.

GovMint, our featured advertiser, sells quarter pound bags of junk silver for as little as $99.00 making it an affordable way to get into the precious metals investing game.

Bags can contain more than a quarter pound with popular sizes being quarter, half, full pound and larger sizes. After a certain limit however, it can become impractical to purchase larger bags, especially for transport.