Junk silver coins
From Silver Bullion Bars, Ingots, Coins and Rounds. Junk Silver Prices
What is junk silver coins?
Junk coins refer to those coins minted before 1964 in US. These often comprise of mercury dimes, silver dollars, Kennedy half dollars and so on. In the old times, coins like dollars and quarters were made of silver in varying degrees. Coins that were minted up to 1965 consisted of 90% silver but later on, the silver content came down to 40%. Junk coins offer more value for silver and are generally bought in bulks or bags. If you are thinking of investing in this type of silver and buying junk coins online, then this article is just right for you. Today, these coins are in great demand.
Junk coin is the numismatic term refers to worn circulated silver coin. Junk coins are usually not bullion coins like American Eagles, Mexican Libertads or Canadian Maple Leaf coins. In the most cases junk coins contain from 40% to 90% of pure silver.
Junk coins do not have any collector's value because there are signs of wear and tear, scratch marks, nasty nicks etc. The value of junk coins lies in the silver content of the coins.
For example, the U.S. coin, minted before 1965, is often called junk coin. These coins have at least 40% - 90% silver content, depending on type of coins. Before 1965, coins were 90% silver and 10% copper. This was soon reduced to 40% silver content, and now U.S. coins have no silver content at all.
Although the junk dime coins are not very valuable to coin collectors, they do have value because of their obvious silver content. Depending on the price of silver, the value can be quite substantial over face value for a worn out pre-1964 quarter or dime junk coin. Although there will be wear and tear on the junk coin the silver content is still usually about 99% intact, making the junk coin worth way more than face value of the coin.
It is very rare to find pre-1965 dime, quarter, haft, dollar coins in circulation anymore as many people have searched for them and banks have started using automatic sorting machines that set the coins with the silver content aside.
Why should you buy junk silver coins
Junk coins are popular among precious metals investors who want to invest in small amounts of silver. The coins is the best choice for investing if you want to invest in silver bullion only $5,000 or less. Always try to find junk coins for sale.
Junk silver coins have many benefits for investors:
1. Little or no premium over the spot silver bullion prices, especially if you buy them for sale at the lowest prices.
2. Junk coins have legal tender and real face value
3. Junk silver coins are very liquid: they are familiar and recognized around the world as a trading medium so they can be sold easily.
4. In the event of a crisis silver junk coins could provide a good alternative when fiat currencies are obsolete.
Buying junk silver coins in junk silver bags
Junk coins are generally lower priced than silver bullion coins. You can buy junk silver coins without any premium over spot silver.
Dealers usually sell junk silver coins in lots, or "junk silver bags" of varying price and size. The name "junk silver bags" developed in the 1970s and was used to describe a bag of average circulated silver coins. Usually junk silver bags contain either all dimes, quarters, or half dollars and no mixed junk silver bags offered.
Because of their circulated condition, there's no particular need to protect each individual coin. Junk silver bags sold by dealers typically contain silver junk coins for the amount between $1000 and $10000 in face value. Junk silver bag with $1000 face value contains approximately 715 ounces of silver (for 90% junk coins).
Junk silver prices of coins in bags will move up or down with the daily spot silver price.
You can expect to pay a little more for half-dollar junk coin than for junk silver dime or quarter because of the higher silver content. Half-dollars coins also are much more popular among collectors and investors. Another reason is fewer silver half-dollars were minted than junk silver quarters and dimes.
Guide on Buying Junk Silver Coins Online
Junk silver coins are a great way to give a boost to your investment portfolio. People with both small and big budgets are buying junk silver coins online. These are one of the safest and easiest ways to invest as silver at all times will reflect the price of the silver. But before going on to the subject of buying junk silver coins online, which is the main focus of this page, let us try to understand a bit more about these junk silver coins.
Buying junk silver coins online offer people a very good opportunity to capitalize and are rated high with those who buy. Today, with the permeation of web, most people have computers and the internet. The internet business booms in the sector of buying junk silver coins online and you are bound to find some competitive prices and good buys. This small change is now making a big change. An immense competition helps in keeping the prices realistic as well as affordable.
Places to look for buying junk silver coins
Although buying junk silver coins online is a good decision, one must be aware as to where to start from. Needless to mention, you will come across nearly everyone with offers of selling these coins. One of the most reputes market on the web is Ebay which is a wonderful site for buying junk silver coins online. Remember that it is standard to pay a premium of 15-25% over the silver spot price for each silver coin. Another reliable choice is Craigslist.
You can buy junk silver bags from local dealers or online. eBay is a good source for buying junk silver bags. Almost any amount (from $5 dollars to $1,000 dollars) can be found on eBay and you can often find bargains on Ebay. In addition to U.S. junk coins, you can find junk silver bags from all over the world (Canadian coins, Australian coins, Chinese coins and so on).
Also you can buy junk bags from dealers like Lynn Coins, C.C. Silver & Gold Inc., CMI Gold & Silver and MONEX, COMEX or APMEX.
Tips on buying junk silver coins
As always, when buying online, look for only at the reputed places with good recommendations. The web is teeming with scammers, so be wise and make the right and well informed choices. You can also look at various online auction sites where you will find sellers selling in lesser quantities and giving free shipping. When buying junk silver coins online, you will often come across the term "X times face". This means x times the face value. You can buy these coins in bulk or a single coin. People with a low budget often start with one coin. One small downside about these junk silver coins is the different quantities of silver found in these coins. So expect a different value for each coin. There are online calculators that are able to work out instantly how much value these different coins that you are buying.
People often get interested in precious metals during hard economic times as they are looked upon as a practical way of trade when money is no longer used. A lot of individuals are making neat profits by buying junk silver coins online and the reward is enough to make anyone smile. Therefore, do not delay as these half dimes and quarters are a wise choice today for your investment portfolio. There is no time to waste.
Silver content in junk coins
Coins that are minted 1965 though to the present time in the U.S. have little or no silver content at all. The silver content of various pre-1965 coins will be around 90%.
- dollars - 24.06 grams of silver;
- half-dollars - 11.25 grams;
- quarters - 5.625 grams;
- dimes - 2.25 grams.
Percentage of silver in U.S. junk coins
- Morgan dollar (1878-1921)- 90%;
- Peace dollar (1921-1928 and 1934-1935)- 90%;
- Liberty Head "Barber" half-dollar (1892-1915)- 90%;
- Walking Liberty half-dollar (1916-1947) - 90%;
- Franklin half-dollar (1948-1963) - 90%;
- Kennedy half-dollar(1964) - 90%;
- Kennedy half-dollar (1965-1970) - 40%;
- Liberty Head "Barber" quarters (1892-1916) - 90%;
- Standing Liberty quarters (1916-1930) - 90%;
- Washington quarters (1932, 1934-1964) - 90%;
- Liberty Head "Barber" dimes(1892-1916) - 90%;
- Winged Liberty Head "Mercury" dimes (1916-1945) - 90%;
- Roosevelt dimes (1946-1964) - 90%;
- Jefferson "Wartime" (1942 (partial)-1945) - 35%;
Percentage of silver in U.K. junk silver coins
- Victoria silver Half Crown (1837-1901) - 92.5%;
- Victoria Florin (2 Shillings)(1849-1901) - 92.5%.
- Victoria Shilling (1838-1901) - 92.5%.
- Victoria Six Pences (1837-1901) - 92.5%.
- Victoria Three Pences (1838-1901) - 92.5%.
- Edward VII Crown(1902) - 92.5%;
- Edward VII Half Crown (1902-1910)- 92.5%;
- Edward VII Florin (1902-1910) - 92.5%.
- Edward VII Shilling(1902-1910) - 92.5%.
- Edward VII Six Pences (1902-1910) - 92.5%.
- Edward VII Three Pences (1902-1910) - 92.5%.
- George V Crown(1927-1936) - 50%;
- George V Half Crown (1911-1919) - 92.5%;
- George V Half Crown (1920-1936) - 50%;
- George V Florin (1911-1919) - 92.5%.
- George V Florin (1920-1936) - 50%.
- George V Shilling(1911-1919) - 92.5%.
- George V Shilling(1920-1936) - 50%.
- George V Six Pences (1911-1920) - 92.5%.
- George V Six Pences (1920-1936) - 50%.
- George V Three Pences (1911-1920) - 92.5%.
- George V Three Pences (1920-1936) - 50%.
- George VI Crown (1937) - 50%;
- George VI Half Crown (1937-1946) - 50%.
- George VI Florin (1937-1946) - 50%.
- George VI Shilling(1937-1946) - 50%.
- George VI Six Pences (1937-1946) - 50%.
- George VI Three Pences (1937-1945) - 50%.
Percentage of silver in other countries junk silver coins
- canadian quarter and silver canadian dime (before 1966) - 80%.
- canadian quarter and silver canadian dime (1967) - 50% or 80%.
- canadian quarter and silver canadian dime (1968) - 50% or no silver.
- australian florin, shilling, sixpence and threepence (1910-1945) - 92.5%.
- australian florin, shilling, sixpence and threepence (1946-1964) - 50%.
- australian florin, shilling, sixpence and threepence (1946-1964) - 50%.
- australian round 50-cent coin (1966) - 80%.