Why Buy Junk Silver

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I don’t intend to discuss the whys and wherefores of owning silver here. Anyone who has read some of the recent literature on today’s “currency wars” and “currency crises” knows enough to be skeptical about having “full faith and confidence” in paper currencies (or many other financial instruments based on dollars or euros). So financial advisories are increasingly telling people to have a minimum of 10-30% of their investments in precious metals. We all know the having junk silver is a great form of financial insurance.

I want to concentrate on the benefits of owning (and physically holding) “junk silver” which is nothing more than utility grade dimes, quarters and half-dollars minted by the U.S. prior to 1965 when the Treasury debased their 90% silver content. For one thing, since these coins have little collectable value they provide a means of buying silver for great premium. And because they were legal tender in the U.S., they are easily recognizable. For that matter, they are still legal tender here though it would be rather foolish to trade with them at face value since their value as silver far outweighs their face value—or, in other words, the value of the dollar has declined that much over the years that the silver value of these coins are far greater than the “face value” (i.e. ten cents, twenty five cents, fifty cents). In fact, these coins are so well known that there is no need to verify their authenticity or value.

Unlike bars, these coins, which are 90% silver and 10% copper, are based on the decimal system and easily divisible so that if you needed to you could use them in everyday transactions. Gold coins, on the other hand, are now so valuable that it would be much more difficult to buy a half-gallon of milk with one. Nor have silver coins ever been confiscated, as gold coins were back in 1933. So, all things considered, if you want some insurance against a sudden decline of the dollar, a stash of junk silver kept in a safe place is your best bet. Junk silver is generally sold in $10, $100 and/or $1000 face value bags of dimes, quarters, halves or dollars, but I would think a mix of the three denominations would be a good idea if you ever needed to use them for trade.  Here at Pacific Coin Exchange we are happy to break up the $1000.00 bag into smaller face values of $10, $100.00, $250.00 and $500.00 for those clients who enough available funds to purchase the $1000.00 bag.

If you want to buy gold, or buy silver, sell gold or sell silver in San Diego or anywhere in the continental US you need to stop by or give Pacific Coin Exchange a call today!

Check out the coins:

Junk Silver Coins

Morgan Dollar
Minted: 1878-1904, 1921
Silver Content: 90%
Silver Weight: 0.7735 troy oz morgan_dollar_frontmorgan_dollar_back
Peace Dollar
Minted: 1921-1928, 1934-1935
Silver Content: 90%
Silver Weight: 0.7735 troy ozpeace_dollar_frontpeace_dollar_back
Barber Half Dollar
Minted: 1892-1915
Silver Content: 90%
Silver Weight: 0.3617 troy oz
Walking Liberty Half Dollar
Minted: 1916-1947
Silver Content: 90%
Silver Weight: 0.3617 troy oz
barber_Quater_front barber_quarter_back walking_liberty_half_dollar_frontwalking_liberty_half_dollar_back
Franklin Half Dollar
Minted: 1948-1963
Silver Content: 90%
Silver Weight: 0.3617 troy oz
Kennedy Half Dollar
Minted: 1964, 1965-1970
Silver Content: 90% (1964), 40% (1965-1970)
Silver Weight: 0.3617 troy oz (90%), 0.1479 troy oz (40%)
franklin_half_dollar_front franklin_half_dollar_back kennedy_half_dollar_frontkennedy_half_dollar_back
Barber Quarter
Minted: 1892-1915
Silver Content: 90%
Silver Weight: 0.1808 troy oz
Standing Liberty Quarter
Minted: 1916-1930
Silver Content: 90%
Silver Weight: 0.1808 troy oz
barber_Quater_front barber_quarter_back standing_liberty_quarter_frontstanding_liberty_quarter_back
Washington Quarter
Minted: 1932, 1934-1964
Silver Content: 90%
Silver Weight: 0.1808 troy
Seated Liberty Dime
Minted: 1836-1891
Silver Content: 90%
Silver Weight: 0.0723 troy oz
washington_quarter_front washington_quarter_back seated_liberty_dime_frontseated_liberty_dime_back
Barber Dime
Minted: 1892-1916
Silver Content: 90%
Silver Weight: 0.0723 troy oz
Mercury Dime
Minted: 1916-1945
Silver Content: 90%
Silver Weight: 0.0723 troy oz
barber_frontbarber_dime_back mercury_dime_frontmercury_dime_back
Roosevelt Dime
Minted: 1946-1964
Silver Content: 90%
Silver Weight: 0.0723 troy oz
War Nickel
Minted: mid 1942-1945
Silver Content: 35%
Silver Weight: 0.0563 troy oz
roosevelt_dime_front roosevelt_dime_back jefferson_nickel_frontjefferson_nickel_back
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