Junk Silver

By Anonymous Questions, June 30, 2016

Travis, where does the novice go for junk silver or, should that even be a hedge just in case everything else falls down around us? I’m looking to capture some physical silver for that purpose.

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bobwinsTravis Johnson, Stock Gumshoe Recent comment authors

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Travis Johnson, Stock Gumshoe
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Some folks are particularly excited about “junk silver” because it’s the most divisible form of government-certified silver. That typically is a reference to pre-1965 quarters and dimes and half dollars, since the silver dollars from those years are slightly more valuable than the smaller coins. Up until 1964, a dollar’s worth of dimes, quarters and half dollars was minted with 0.723 ounces of silver… now, since junk silver is usually heavily worn and sometimes even barely recognizable, the standard math is to assume that each dollar of “junk” has .715 ounces of silver. If you can buy an ounce of… Read more »

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bobwins
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Junk silver is becoming harder to find at a reasonable price. If paying $2-3 above spot is ok, you can still buy it from reputable coin dealers like Provident Metals, Gainesville or Apmex. Sometimes shipping can be a sneaky add to cost so always make your purchase based on total cost per oz of silver+shipping. I buy many things on ebay but for some reason the sellers of junk coin on ebay try to deceive you with several scammy tricks. Instead of quoting a set price, they will try to sell you X pounds of coin. They don’t tell you… Read more »

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