Silver coins minted in the United States before 1964 are in high demand due to their silver content. The reason they are referred to as junk silver stemmed from the fact that they were ordinary coins of their time. They had no special value until now, when the silver market is becoming so prominent.
Junk silver or circulated silver coins refers to older coins, and they are getting rarer to find these days.
UNDERSTANDING SILVER CONTENT
The face value of $1.00 worth of silver dimes, 10 of them, is still only $1.00. However, they become more valuable because of their weight. Ten silver dimes have the same precious metal content and weight as $1.00 in the same composition as four quarters or two half-dollars in bags of silver.
Their $1.00 face value carries the weight of 90 percent pure silver content. In comparison, a typical $1.00 face value U.S. silver coin contains approximately 71 percent of a troy ounce. A troy ounce refers to the net weight of 31.1 grams and it is only used in calculating the weights of precious metals and gems.
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The older coins are circulated; they are not proofs or uncirculated versions. Because of the weight of their silver content, they become more valuable. After 1964, copper and nickel have been used in the composition of normal coins instead of the precious metal.
BAGS OF SILVER COINS ARE POPULAR
Bags of these numismatic treasures are sold in allotments of $1,000.00 face value per bag. This is a grouping of coins; who knows what you will find when you sort through the bag? It is like digging for buried treasure.
NINETY PERCENT PURITY
Each of these coins is composed of 90 percent pure silver. With the economy in the shape it is in today, investing in this precious metal can only be an asset. In fact, these bags are becoming harder to find due to the demand from the general population.
Safe bet, sure thing. After the collapse of the stock market and financial troubles across the globe, investors are looking for assets that are safe and solid. Precious metals will always be safer and have value, especially when paper – whether it be currency or stock certificates – has lost its significance.
With bags of silver coins, you don’t know just exactly what you will get. These coins are bagged in bulk. Some guarantee a certain amount of a specific collection.
It has been reported that old silver coins, categorized as junk, can have a value of, and resell for, approximately 40-90 percent of their worth due to the amount of precious metal they contain. This occurs because silver is in high demand and the supply at the current time is limited.
Bags usually contain wrapped rolls of coinage or the units are contained within a canvas or cloth bag. They can be in various stages of circulation, some guaranteeing a percentage of dates that can still be read on the coins. They are counted by machine to ensure accuracy of the product you are purchasing.
Chances are that you will find Roosevelt dimes, Mercury Winged Liberty Head dimes, and Washington quarters, among others. The dates will be mixed and will always be 1964 or earlier. These are not only a great investment opportunity, but lots of fun to search through as well.
Junk silver is in high demand.
When you buy bags of silver coins, assuming the worst case scenario and the price of silver dropped, your investment would be a minimal loss in proportion to the legal tender value of your asset.
Bags of this precious metal asset are a win-win scenario.
Many people get caught up with the various bullish factors and the options for investing in silver.
For a great way to get started now with bags of silver coins, download our Free Guide To Investing in Silver Coins
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