Junk Silver Coins – 90% & 40% silver

  • Junk silver coins
Junk silver coins – more precisely 90% silver coins – were the basis and staple of US circulating currency for 170 years. Then, in 1965, the price of silver bullion started increasing and surpassing its 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.

Current Prices (informational only)

  • $1000 face value bag – $[metal_price metal=”silver” “unit”=”ounce” weight=”715″ plus=”3″]
  • $500 face value bag  – $[metal_price metal=”silver” “unit”=”ounce” weight=”357.5″ plus=”3″]
  • $250 face value bag  – $[metal_price metal=”silver” “unit”=”ounce” weight=”178.75″ plus=”3″]
  • $100 face value bag  – $[metal_price metal=”silver” “unit”=”ounce” weight=”71.5″ plus=”3″]
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, junk silver coins remain to be the least expensive and most popular way to buy and sell silver bullion. In many cases, junk silver trades at just slight premiums above prevailing Spot or market price and at some times, even slight discounts are available.

Junk Silver Coins

  • Dollars, half dollars, quarters and dimes dated prior to 1964 have 90% silver content
  • Silver half dollars dated between 1965-1970 have 40% silver content
  • War-time nickels dated between 1942-1945 have 35% silver content
Junk silver coins

Why Buy Junk Silver Coins

Over the years, many individuals have purchased junk silver coins as a hedge against runaway inflation.  We are all confident in our government, however if the U.S. Dollar should weaken or collapse on world markets and we need to revert back to a gold/silver standard, these junk silver coins would offer protection. In the event of calamity, these coins would be the most widely recognized and easily traded forms of silver.

Another reason to buy junk silver coins is the ease of bartering.  It is much easier to barter with smaller denominations as opposed to large bars 100+ ounces. You certainly can’t sell a portion of that 100 oz. bar! Conversely, if the individual wanted to part with a fraction of their holdings they most certainly could with 90% silver coins.

Junk silver coins are sold by the face value of the coins multiplied by a factor depending on the current price of silver. We offer you the ability to purchase junk silver coins in small increments through full $1,000 face value bags. All $1,000 face value bags may contain our choice of all dimes, quarters, half-dollars or a mixture of dimes, quarters or halves that equal $1,000 in face value. The approximate weight for each big will net a minimum of 713 troy ozs of silver.

A Little More Information About Junk Silver Coins

Bag of junk silver coins
When minted, a bag of 90% junk silver coins contained 723.4 ounces of silver, but because of wear a smelted bag of dimes or quarters will net on average about 715 ounces. A bag of Half Dollars will generally net a little more, maybe 718-720 ounces because Half Dollars did not circulate as much as dimes and quarters.To calculate an accurate price per ounce, divide the cost by 715. Remember, a $1000 bag weights a little under 55 pounds on a bathroom scale.

Buyers can expect to pay a little more of a premium for half-dollars than for dimes or quarters because of the higher silver content and because half-dollars are more popular. Also, fewer half-dollars were minted than were dimes and quarters.

Please contact us today at 800-707-7923 for market availability and exact pricing on junk silver coins

2016-10-31T12:20:08-04:00By |Categories: Silver Coins|

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