Essential Guide To Buying Junk Silver Coins

If you are interested in preserving your wealth against a currency that is inflated daily by the government printing money at will, then now is the time to start buying junk silver coins and silver bullion. There are many questions that people start asking when purchasing precious metals. Some ask if they should first buy gold bullion. Others ask if they should buy silver bars or silver coins. These are all valid questions. The most frequently asked question is “How much should I pay for silver?” You should always pay the going rate for silver. If you can purchase it for less, all the better.

Why You Should Be Buying Junk Silver Coins

Coins minted prior to 1965 in the US were composed of 90% silver and 10% copper. They are often referred to as survival coins because they are legal tender and people remember them as real circulated money. If an economic crisis occurs, the coins can be used in everyday transactions such a purchasing food, fuel, and clothing. The small denominations make them very convenient for most every day use. Most people still handle small amounts of US coins on a daily basis. This familiarity will make the transition into real silver much easier.

Furthermore, a roll of dimes, quarters, and half dollars all have approximately 7 troy ounces silver.

What I like most about buying junk silver is the fact that I am paying only for the silver content and nothing more. While I like collectable coins, I purchase my silver only for the silver content. I own a handful of uncirculated Silver Eagles and I don’t anticipate getting rich off owning them for their beauty. You will not be paying a numismatic premium as junk silver coins are ugly and worn. Another benefit of junk silver coins is that the value is printed on the coins. You will always know the exact value of these.

How To Calculate The Value Of Junk Silver Coins

To Calculate the value of the silver coins, divide the face value of the coins by 1000 and then multiply the resulting number by 715 to determine the approximate number of ounces of silver. If you weighed your coins, the number will be slightly different as the coins are worn. The value of the coins is going to change every day as silver is often volatile. Multiply the number of ounces of silver that you have by the spot price of silver on any given day and you will know the value of your coins. The beauty of junk silver coins is that you can use this calculation for 90% silver dimes, quarters, and half dollars. If you plan on trading with a dealer, they will subtract a small premium of 1-3 percent when you are selling coins to them and add the same amount when you are purchasing coins through them.

List Of The Easiest Junk Silver Coins To Potentially Increase Your Wealth

Kennedy Half Dollars (90% silver)

Ninety percent silver Kennedy half dollars offer the easiest liquidity. You can purchase them in just about any amount that you desire. People on eBay will sell you a single coin. I would avoid buying just one coin as you will be paying a small fortune for the shipping cost relative to the value of the coin. Small coin dealers will usually give you the best deals. A roll of Kennedy half-dollars face value is $10.00 and the silver content is 7.00 troy oz.

Franklin Half Dollars (90% silver)

There are less Franklin half dollars available due to fact that they are older. However, do not be duped into paying more for them just because they are rare. You will never get more for them when you sell them.

Washington Quarters (90% silver)

It’s a good idea to include Washington quarters in your survival bag of silver if you plan on making change. Again, you are only concerned about the silver content. Quarters can be stored $10 face value rolls with a silver content of 7.00 troy oz. To keep your buying price low, buy $100 or $50 bags of junk silver quarters.

Junk Silver Dimes (90% silver)

90% Silver Roosevelt Dimes

90% Silver Mercury Dimes

90% Silver Barber Dimes

Why 40% Junk Silver Are The Real Gold Mine

After 1964, the US government more or less stole more than half the value of silver coins by half dollars with only 40% silver. Dimes and quarters were no longer made with silver. These Kennedy half dollars are probably the most over looked of any silver coin in circulation. I have been able to pick up several by trading paper bills for rolls of half dollars at the bank. A $500 junk bag contains approximately 147 troy ounces of silver.

Purchasing junk silver is the easiest way to start investing in silver. You don’t have to know much about silver because you the history of each coin will teach you everything you need to know. Jump in today and purchase at least a few coins so you can not only own a piece of history, but also own real money that will always have value.

Disclaimer

Both silver and gold are real money.  While the real value of silver only increases or decreases with supply and demand, the amount of US dollars that a given amount is worth fluctuates daily.  Silver should never be purchased as an investment.  Rather, it should be purchased only for wealth preservation and as a hedge against inflation.  Buying silver to increase your wealth is purely speculative.