Pre 1964 junk silver coins
Silver Coins – more precisely 90% silver coins were the basis and staple of US circulating currency for 170 years, that is until 1965. This is when the price of silver bullion started increasing and approaching its monetary or face value; the government stepped in and replaced the silver coins with coins made of base or clad metal in 1965. Shortly thereafter, the American public started hoarding the 1964 or older silver coins because the silver value far exceeded the face value. During the large silver melts of the 1980’s, millions of these coins were refined into silver bars, jewelry and numerous other forms. Since then, all of the US 90% silver coins have become scarcer due to attrition and these massive meltings. Amazingly, In spite of these facts, 90% US silver coins remain to be the least expensive and most popular way to buy […]
Pre 1964 junk silver coins
Bullion Coins: American Silver Eagle
Because of rising silver prices, silver was removed from circulating dimes and quarters beginning with the 1965 issues. Though Eisenhower dollars and Kennedy half dollars continued to be produced in a clad silver composition until the 1976 Bicentennial year (silver clad half dollars were not produced in the early 1970s), those denominations and the Bicentennial silver clad quarter became primarily collector pieces. The U.S. Mint did not produce another 90% silver coin until the release of the 1982 George Washington commemorative, which marked the 250th anniversary of his birth. That release was followed by other silver commemoratives in the mid-1980s, at the same time U.S. and world demand for citizen ownership of silver and gold was growing. Responding to the production and sale of silver and gold coins by other countries such as Canada and South Africa, Congress authorized the U.S. Mint to begin producing […]
Canadian Maple Leaf Silver Bullion Coin
The Canadian Silver Maple Leaf is a silver bullion coin issued annually by the government of Canada. The coin has been minted by the Royal Canadian Mint (RMC) since 1988.
The face value of the Canadian Silver Maple Leaf 1 oz coin is 5 Canadian dollars, the highest among international silver bullion coins. During the month of February 2008, the market value of the coin was approximately 20 Canadian dollars. The purity of the Canadian Silver Maple Leaf coin is 99.99% silver, also the highest among other bullion issues which have a 99.90% standard.
The Canadian Silver Maple Leaf generally always features a maple leaf and generally consists of 1 troy ounce (31.1 g) of silver. Annual variations for the coins in past have included proof releases (1989 only), privy marks, a colored maple leaf (with a design different from the regular maple leaf), holographic enhancements and several differing […]