A junk silver coin is still silver, but in reality it has no additional value. They are often relatively newer and in poor condition, making them of little value to coin collectors. Buying junk 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. If you decide to use eBay, it's easier to find junk silver if you're looking for more specific junk silver When an investor buys a lot of junk silver and the price of silver increases, the investor can withdraw money and benefit from their investment. When you buy junk silver en masse, you're buying silver dime, quarter and half dollar coins that still have the same face value, and that weigh less than they originally weighed when they were minted before 1965.Good article that explains the different types of silver and how each of them, in addition to junk silver, is worth more or less the same. Slippery (overly worn), undated, pierced, or damaged coins often find their way into junk silver bags sold by major bullion dealers.
The value of this junk silver stems from the fact that there has been no longer any 90 percent silver U. Choosing between junk silver coins or bullion is largely a matter of the investor's goals and resources. One of the disadvantages of buying bags or rolls of constitutional junk silver is that they are coins in circulation. As a result, people bought 90% junk silver coins at any price, and exchanges charged 50% premiums.
Today, recovered silver or recycled silver is an important source of silver, the essential metal for industrial consumption. In addition, rising prices in the 1970s had spurred efforts to extract more silver and increase silver recovery in the secondary market. In Canada, the Canadian coins most commonly used as scrap silver are the dime, quarter, half dollar and Canadian dollar coins that are normally minted before 1967.The percentage of silver is less likely to be questioned than silver bars, which require certification and proof of authenticity. This online calculator will calculate the value of silver coins in any amount entered into the online interface.
With a silver coin merger value calculator, you can determine the price at which you will make an acceptable profit.
