Junk Silver: One of the Most Popular Silver Investments Today
“My favorite vehicle for owning silver allows you to maximize the ‘insurance’ silver offers. It allows you to take physical possession of silver… without paying huge markups to spot prices… and without getting ripped off by dealers who charge huge markups on special ‘commemorative’ coins. I’m talking about dimes, quarters, and half-dollars that were minted before 1965. Unlike most of the coins we mint today, these coins had real silver in them. People in the industry call these coins ‘junk silver.’ They get tagged as ‘junk’ because they have no value to collectors… But what’s bad for collectors is great for us as investors.”
- Dr. David Eifrig
Editor of Retirement Millionaire and Retirement Trader
Junk silver refers to the quarters, dimes, and half dollars produced by the U.S. Mint prior to 1965. These coins are comprised of 90% silver and are in fair condition. They are bought and sold based on the value of their silver content and have no numismatic or collectible value.
Junk is Not Scrap!
The word “junk” refers to the fact that these coins have no collector value. Some coins show the dings and scrapes accumulated during their tenure in circulation but junk silver is still 90% silver. Junk silver is not scrap silver.
Why is Junk Silver so Popular with Investors?
1. Low Premiums
Junk silver is one of the most cost effective ways of purchasing silver. For price concious investors, junk silver provides an attractive way of getting into the silver market.
2. Peace of mind
Junk silver coins are easy to recognize: If the date on one of these coins is before 1965, you know its junk silver. If the date is worn off, look at the rim of the coin; if there is no copper banding, just solid silver, then you know the coin is junk silver. Due to their small size and the associated challenge of producing such coins, there is virtually no concern about counterfeit junk silver. Therefore, these coins do not require an assay upon liquidation, saving you time and money.
Junk silver is the most divisible silver product we sell, with each coin representing a fraction of an ounce of silver. Considering this, many investors like junk silver because they are confident this product is convenient for trade or bartering, if necessary.
Junk silver’s popularity ensures that you can sell these coins back to almost any precious metals dealer that makes a market in silver.
Generally, junk silver is sold in $1,000 face value bags which contain literally $1,000 worth of quarters, dimes, or half dollars. However, due to the silver content – approximately 715 ounces – a $1,000 face value bag sells for over $20,000 (prices change with the silver spot price).
Owings Metals breaks junk silver down into more manageable increments of $100 face value bags. The $100 face value bags, about the size of a softball, contain 71.5 ounces of silver, and consist of either 1,000 dimes, 400 quarters, or 200 half dollars. Our $100 face value bags of junk silver are one of the most popular silver products we sell. Our $1000 face value bags weigh 55 pounds and consist of 10,000 dimes, 4,000 quarters, or 2,000 half dollars.
Limited Time Offer: Owings Metals is now offering one free American Silver Eagle coin with purchase of $100 face value bag of junk silver or one free .1-ounce American Gold Eagle coin with purchase of $1000 face value bag of junk silver.
STANDARD TRADING UNITS
- $1,000 Face Value (FV) = 10,000 dimes, 4,000 quarters, or 2,000 halves
- $100 Face Value (FV) = 1,000 dimes, 400 quarters, or 200 halves
- $1,000 FV Bag weighs about 55 lbs and is comprised of 715 ounces of silver
- $100 FV Bag weighs about 5.5 lbs and is comprised of 71.5 ounces of silver
Denomination Preference: We cannot guarantee a specific denomination but will always endeavor to satisfy your request.