These coins are not numismatic, but they hold their value and are excellent for an investor's portfolio. Keep in mind that the content of silver in a coin is what primarily determines its total value. So in 1964 or earlier, all silver coins were minted with 10 percent copper and 90 percent silver. Technically, any silver coin that is only worth its bullion value could be considered scrap silver.
However, even Barber coins of common date and Permanent Liberty quarters are collectible numismatically in the degree of About Good-3 or even in a state of sacrifice. Therefore, these earlier pieces are generally not included in generic junk silver offerings. Buying scrap silver is a great way to start if you're new to investing in silver. Lower premiums allow you to try buying silver without too much risk.
If you decide it's not for you, then you haven't spent a lot of money. Most of the commonly-dated silver half dollars circulating since 1934 are worth their intrinsic silver value. In the past, junk silver coins served as legal tender for daily necessities such as food, clothing and even gasoline. In practice, the silver content is generally assumed to be 0.715 ounces because circulation erodes coins.
The decision to accumulate silver or junk bars is a determination you must make when defining what your silver investment objectives are. Notice that they (mostly) didn't buy Canadian Maple Leafs or American Silver Eagles or Sunshine Mint silver bars. But with silver coins? You can do all those things and much more because they are real and hard money. When it comes to investing in silver, sometimes it's not just about stacking the highest silver pile at the lowest price.
That means that the coins aren't overly spent, damaged, or pose the risk that you actually get a substantially smaller amount of silver than you would normally expect for the deal. Make sure you sell your silver only to reputable coin traders or bullion brokers who are accredited by the Better Business Bureau (BBB). For people who are interested in tracking the fusion value of scrap silver coins, they can visit the Coinflation website for up-to-date prices of these coins. Meanwhile, silver dollars minted for circulation until 1935 are obtained from a silver composition of 90%.
As a result, people bought 90% junk silver coins at any price, and the bags charged 50% of the premiums. Depending on whether you are trying to accumulate silver as cheaply as possible or if you hope to maximize liquidity, junk silver may or may not be the best investment vehicle for you. Therefore, one way to answer this question is to provide a graph of the typical value of a quarter of silver in terms of its silver content.
