| In the US when people talk about Junk Silver they | | | | coins for as little as $2 they make an excellent |
| are referring to old US coins that contain silver. In | | | | means of bartering. |
| the past dimes, quarters, half dollars and dollars | | | | So How Can You Buy Junk Silver Coins |
| have all contained varying amounts of silver. Up | | | | If you look online you may find different dealers |
| until 1965 these coins contained 90% silver. After | | | | offering to sell $1000 bags of junk silver. This |
| 1965 only Kennedy Half Dollars continued to be | | | | means that the total face value of the coins in |
| minted with silver in them and the content was | | | | the bag is $1000 which at today's silver price |
| reduced to 40%. Different Junk Silver Coins | | | | could end up costing you well over $13 -14 000. |
| include Morgan Silver Dollars, Peace Dollars, | | | | Luckily many coin dealers will be willing to sell you |
| Mercury Dimes, Barber Quarters and so on. | | | | these coins in small amounts. eBay is also an |
| People who invest in silver will most commonly | | | | excellent place to pick up junk silver coins at |
| buy one ounce coins or ten ounce bars issued by | | | | reasonable prices. If you are buying small |
| different mints. However Junk Silver coins are an | | | | quantities it is not unreasonable to pay a premium |
| extremely effective way of investing in silver as I | | | | of up to 15-20% over the spot price of silver for |
| will explain. The value of junk silver coins will | | | | each coin. You could even try advertising on |
| always reflect the price of silver so if the silver | | | | Craigslist for people looking to sell their coins. |
| price rises by 10% so will the value of your | | | | When dealers give you a price for junk silver they |
| Kennedy half dollar or mercury dime. | | | | may quote the price in terms of "face" (i.e. face |
| One perception people have about investing in | | | | value) so if they are chargin' 13 times face that |
| precious metals is that it requires a substantial | | | | means a Kennedy half dollar would be $6.50 for |
| investment well this is not true with junk silver | | | | example. |
| coins - in fact you can pick up a mercury dime | | | | If all you are interested in is investing in silver be |
| for well under $2 and many coin shops will be | | | | careful that you are not paying extra for proof |
| happy to sell you them in single amounts. So for | | | | sets or first strike - these will command higher |
| people on low budgets this is a great option | | | | premiums because they are rarer coins- leave |
| Many people are getting interested in precious | | | | these to the coin experts. |
| metals due to the worsening financial situation in | | | | The one drawback with Junk Silver Coins is they |
| the country and they can see potential financial | | | | all have odd amounts of silver in them for |
| collapse. Precious metals would be a viable means | | | | example a Mercury Dime contains 0.07234 ounces |
| of exchange in a world where the money has | | | | of silver in them making it slightly tricky to work |
| become worthless. Bartering however with your | | | | out the exact value of the silver coin at any one |
| ounces of gold or even silver could prove | | | | time. To help you there are many online |
| problematic. I am sure you will find someone willing | | | | calculators such as the one in my signature that |
| to exchange your ounce of gold for a loaf of | | | | will give up to the minute values of different coins. |
| bread but that has been a very expensive loaf of | | | | Before bidding for these coins on eBay or buying |
| bread- even with an ounce of silver you may find | | | | in a coin shop make sure you know the current |
| yourself losing out massively in any exchange. | | | | spot price of the coins you are going to buy so |
| However because junk silver coins have smaller | | | | you know how much premium you are paying!!!! |
| amounts of silver in them and you can pick up | | | | |