Friday, March 23, 2012

"What Are Junk Silver Coins"



"What Are Junk Silver Coins and Why Buy Junk Silver?"," In the past dimes, quarters, half dollars and dollars have all contained varying amounts of silver.
 After 1965 only Kennedy Half Dollars continued to be minted with silver in them and the content was reduced to 40%.


People who invest in silver will most commonly buy one ounce coins or ten ounce bars issued by different mints.
 The value of junk silver coins will always reflect the price of silver so if the silver price rises by 10% so will the value of your Kennedy half dollar or mercury dime.
 So for people on low budgets this is a great option

Many people are getting interested in precious metals due to the worsening financial situation in the country and they can see potential financial collapse.
 Bartering however with your ounces of gold or even silver could prove problematic.
 However because junk silver coins have smaller amounts of silver in them and you can pick up coins for as little as $2 they make an excellent means of bartering.
 This means that the total face value of the coins in the bag is $1000 which at today's silver price could end up costing you well over $13 -14 000.
 eBay is also an excellent place to pick up junk silver coins at reasonable prices.
 You could even try advertising on Craigslist for people looking to sell their coins.
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50 for example.


The one drawback with Junk Silver Coins is they all have odd amounts of silver in them for example a Mercury Dime contains 0.
 To help you there are many online calculators such as the one in my signature that will give up to the minute values of different coins.
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"Junk Silver Coins - A Timely Investment"," Junk silver is an informal way of referring to coins with no numismatic value, a fancy way of saying that coin collectors have no special interest in these particular coins, but that have a value based on their metallic composition.
 Silver, being a precious metal, gave these coins an intrinsic value equal to the value of the silver the coins contain.
 In fact, the Coinage Act of 1965, which ended silver coinage in the United States, was passed because people were hoarding the high value silver coins, causing a shortage of coinage.


Junk silver coins have a place in your investment portfolio, especially in these economically uncertain times.
 It's no different today.
 Since silver coins have an intrinsic value based on the actual worth of the material in the coin, not on the promises and guarantees of politicians, they tend to be worth more over time, unlike the US dollar which has lost 95% of its value over the last 100 years.


Deciding to invest in precious metals is the first step.
 You can of course simply buy silver through a mutual fund or exchange traded fund on the stock market but you can never really be sure you're buying actual silver.
 Because of this it's best to start your silver and gold investing with coins.
 In fact, owning some physical silver and physical gold is an essential part of your precious metal investments.
 Do this on a regular basis and pretty soon you'll have a nice financial reserve built up that you can rely upon.
 Unlike gold coins, with have a high value to weight ratio, silver coins are relatively cheap.

 The best place to start looking for coins is either a local coin dealer or by looking online.
 eBay is another good option to explore.

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