Junk Silver Coins
Junk Silver Coins are coins which derive most of their value from their silver content. These are commonly bought and sold as a low premium method for silver investment.
Prior to 1965, dimes, quarter dollars, half dollars, and silver dollars produced for circulation within the United States were struck from a composition of 90% silver and 10% copper. After the composition was altered, the coins with silver content were quickly removed from circulation as their melt values exceeded their face value. Over the years some of these coins were eventually melted, but plentiful supplies were retained as a vehicle for silver investment.
On a dealer level, junk silver coins are usually purchased in $1,000 face value bags. These are bought or sold based on the market value of the silver content plus a mark up or less a discount. Typically, the bags will trade for a slight discount to full silver value due to the costs of refining. In times when supplies of physical silver are tight, the bags may trade for a premium to melt value.
On a retail level, junk silver coins can be bought in any size, although its often convenient to purchase based on face value increments. This makes determining the silver content value easier.
A $1,000 face value bag of junk silver will contain over 700 ounces of pure silver. See the various junk silver coin values for different coin series.
Investing in silver with junk silver coins is popular with many investors for several reasons. First, the $1,000 bags traditionally represents one of the lowest premium methods for investing. Second, unlike large bars of silver, the bags are easily divisible since they contain hundreds or thousands of individual coins. Third, each coin continues to have a legal tender face value, which provides an ultimate back stop for the value of the investment.
On this site you will find $5, $10, $100, and $1,000 face value junk silver coins for sale. Also various values of 40% junk silver and 90% silver dollar rolls.