Where To Buy Junk Silver Coins Cheap __LINK__
As such, 90%, 40%, and 35% silver coins have signs of wear and tear on them. Others, based upon the design present on the obverse and reverse, may possess signs of attempted repair or cleaning to try and improve the value of the coin as a collectible piece. Regardless, 90%, 40%, and 35% silver coins showcase less luster in their finish and more damage to the design elements, surface areas, and edges than bullion coins which never entered circulation.
where to buy junk silver coins cheap
The US Government issued 90% silver, 10% copper in most of their circulated coins in 1964 and before. To save money, the US Mint was ordered to use only 40% silver, 60% copper in their coins. Then, in 1971, the US Mint produced the nickel-clad alloy coins that are now so well known, saving the 90% silver for special commemorative coins.
Junk Silver circulated coins that contain 90% silver continues to be one of the most popular and affordable ways to invest in silver. Junk Silver coins have the lowest premiums of all fractional silver bullion.
When the United States changed the composition of the coins to clad in 1965 many people began to hoard the 90% silver coins for the metal value. These are typically early coins such as Barber and Mercury Dimes, Standing Liberty Quarters and Walking Liberty Halves.
It is common to find junk silver being sold in popular face value denominations. $5 Face Value Junk Silver Dimes
$10 Face Value Junk Silver Quarters
$50 Bags of Junk Silver
$100 Bags of Junk Silver
Making bulk purchases of circulated silver coins is the most effective way to get the lowest premium.
Junk silver is widely recognized and very simple to authenticate without any special tools or chemicals. The silver coins have a slightly different appearance than modern clad coins and can usually be identified with visual examination of certain characteristics that help them stand out.
Another way to identify junk silver coins is by the sound the coin makes when it's dropped onto a solid surface. Silver is a dense material. The "Ping Test" is easily recognizable for experienced preppers and stackers. Apps are available for mobile phones that can help new investors to help distinguish genuine 90% silver.
Franklin half-dollar coins were minted from 1948 until 1963. The Franklin half-dollar coin was replaced by the Kennedy half-dollar coin. The Kennedy half-dollar coin was minted in 90% silver only in 1964. From 1965-1969 Kennedy half-dollar coins were minted with 40% silver content.
Any combination of 90-percent silver halves, quarters and dimes that adds up to face value of US$1.00 contains 0.715 troy ounces of pure silver. Vintage silver dollar coins, such as the Morgan and Peace dollars were minted with .7736 troyounces of silver.
It has been almost 60 years since these coins have been minted. During that time, most of these coins have been removed from circulation by savvy savers and coin roll hunters. Millions of circulated coins were melted down for the value of the silver during the early 1980s.
Coin roll hunting continues to be a popular way for stackers to find free silver coins inside coin rolls and bank boxes. Though you might have better luck taking a look at the Coinstar reject tray the next time you're at the store.
When Silver prices for silver bullion, rounds, and premium coins like the American Silver Eagles and the Canadian Maples get too expensive for your taste, you can still get your silver fix for a reasonable price if you are willing to do a little legwork. Here are 5 great ways to find silver on the cheap. Junk Silver as it's called by many people is often categorized as minted coins from circulation that contain between 35% and 90% Silver.
We've recently found thousands of dollars worth of junk / circulated silver coins and only spent a fraction of the current spot price. Please bookmark (Ctrl + D) this page and be sure to share it with others.
Coin roll or loose coin searching is a great way to find junk silver on the cheap. How does it work? Just like it sounds for the most part. You search rolls or loose coins for those coins usually minted before 1965. If you're not sure if your coin is silver then try Is my coin Silver? a utility developed for just this purpose.
Antique Stores and dealer shops are a great place to find junk silver at a relatively low price, assuming they don't update their prices every week or month. When silver prices spike you can almost always find a store selling the coins at a price that is lower than that of spot price. We recently bought a roll of Barber Halves, a Roll of Walking Liberty Halves, 17 Peace and Morgan Dollars all for well under spot price and hundreds of dollars less than what they go for online. You may have to do a bit of driving but it's well worth the effort.
Next time you fill up your car be sure to pay inside, when the teller opens his drawer have a look inside to see if he has any strange coins. In this economy people are using old coins to pay for things like Gas, Food, and other basic needs. Remember you can't eat silver. :) If they don't have anything strange ask to "buy a roll" of quarters, dimes, and maybe even nickels. Once you searched the rolls you can always wrap it back up and spend it elsewhere.
CoinStar and automatic coin counting machines have been known to kick out strange coins. Many times these coins are foreign, sometimes they are local silver coins. Either way you may want to check the return bin next time you pass one. In addition to this try asking the registers near the coin machines. If the machine doesn't take the coin the person will usually hand the coin over to the teller with the receipt. It's a great way to find junk silver coins. My wife recently found a Chinese Yuan, a Flattened Penny, and one teller even had a 1964 Kennedy Half Dollar (that's 90% silver boys and girls)
Assuming you are willing to get up early on a Saturday morning to feed your silver craving then you might find some amazing scores at your local yard or garage sales. Most people don't know the Silver Coin Melt Values for the standard US Minted coins right off the top of there head. They may even be relying on a book from 2010, 2009, 2008 to define the value of their coins. This represents a great opportunity to score some good silver coins for rock bottom prices.
Use these tools on your mobile phone or wireless device to get current melt prices and check silver content of coins while you are out and about. Why carry a 3 pound book when you can just use your phone.
I was checking out a few of the coin shops in a town about 30 minutes away, and was surprised to find that the shop keeper had a special stash of junk silver rolls, that he sold for spot. He looked up the current spot price and calculated the coins by that. I bought a roll of 64 Kennedys for spot. He had all sorts of junk coinage. Looking around his shop you couldn't even tell however. His display unit contained collectable coins, it wasn't until I asked him about loose junk silver that he offered up his "stash" from a drawer in a desk in the back. When the price goes down a bit you better believe I'll be stopping back in to buy some bulk junk silver.
The US Government used 90% silver, 10% copper in most of their circulated coins in 1964 and before. To save money, the US Mint was ordered to use only 40% silver, 60% copper in their coins. Then, in 1971, the US Mint produced the nickel-clad alloy coins that are now so well known, saving the 90% silver for special commemorative coins. In 1964, the US Mint experienced an extreme hoarding situation, wherein all the coins they were minting were being bought and kept by the public. Ever since, the 90% silver has been a favorite among investors and collectors, knowing this currency is recognized as US coinage. The denominational varieties range from Morgan Silver Dollars to Washington Quarters to Mercury Dimes. 90% silver should be expected to be in circulated condition, unless notified by the product's title. Enjoy our large inventory of these increasing in popularity items and see why it has been so popular for over 100 years!
Junk Silver is a casual term that refers to any silver coin, in circulated condition, and that doesn't have any numismatic value above the market price of silver. In 1964 and before, the US minted its coins primarily using a metallic alloy of 90% silver and 10% copper. Collectors can determine if a coin contains silver by focusing on the coin's rim. If the rim is strictly silver-colored, then the coin contains 90% silver. If the rim has a copper tone, then the coin is considered a clad and does not have silver content. Since the Junk Silver coins' content is ranked higher than the coins' actual face value, taking comfort in these coins' intrinsic value can lead to a highly profitable investment.
90% silver is not only a fading remnant of American history but also has an influential role in the silver market today. Depending on personal investment goals, investors are drawn to the 90% silver coins since they contain a high percentage of silver and are duly recognized as US coinage. Some of the 90% silver coins include, but are not limited to the Morgan Silver Dollar, the Peace Silver Dollar, the Barber series (dime, quarter, and half dollar), the Franklin Half Dollar, the Washington Quarter, the Mercury and Roosevelt Dimes, and the 1964 Kennedy Half Dollar. 041b061a72