Welcome to JunkSilver.com
"UPDATE: WE CURRENTLY ARE NOT BUYING OR SELLING SILVER"
Junk Silver .Com is your source for discount priced United States silver coins for precious metal investment. Junk coins are termed "junk" because they are
not rare or thought of as having considerable numismatic collector value. This
term "junk" was started years ago to describe common 90% silver coins. The
derogatory term "junk" doesn't mean that the coins are trash. In fact,
numismatists and coin collectors search junk 90 coin bags and often find good
collector pieces. It simply means that the coins are valued because of the
intrinsic silver metal content, and not because of any numismatic interest or
rariety. The year 1964 and earlier dimes, quarters, half dollars, and silver
dollars were made of 90 percent silver. Afterwards, with the increase in base
metal costs, the composition was changed, mostly to copper and zinc. These
silver coins have been prized and hoarded ever since.
While junk silver coins are considered as having no numismatic collector value,
some actually do. We do not search for rare coins, coin errors, and particular
rare features in them. Our source for these coins is typically coming from
individual sellers of their family collections who know nothing about what
constitutes a rare and valuable coin.
The grade of these old coins varies. Generally, the junk 90 coins are going to
be somewhat worn. After all, many of these coins were in circulation for decades
and are sometimes a century old. This wear is already factored into their
value. In uncirculated mint condition, there are officially (per the US Mint)
723.4 troy ounces of actual silver per $1000 face value bag of dimes, quarters,
and halves. For mint silver dollars, it's officially 773.5 troy ounces per
$1000 face bag. A bag of circulated condition junk silver coins weighs less due
to the normal wear. A normal bag is generally considered by coin dealers and
traders to have 715 troy ounces of silver, but may be a little less depending on
the condition of the coins. Often, the older the coins, the more wear on them.
So expect a good variety in every group, including some well worn.
Silver is generally produced as a byproduct of refining other base metals. Many
precious metal experts are expecting a silver deficit in the coming years, and
consequently, a significantly higher spot price. The largest reason precious
metals will probably rise is due to the US government's mass printing of fiat
money. That's money not backed by anything other than faith in the system. The
softer term for this is "quantative easing", and is a combination of creating
more money (electronic money and printed paper money) and the government buying
up loans to increase the money in circulation. The result is inflation, as well
as people wanting to quickly spend their money before the value drops more. The
rationale is to get people to spend like there is no tomorrow, and thus,
stimulate the economy. It also serves the purpose to lesson the burdon of those
who have borrowed heavily (like the US gov't). The big losers will be those
holding large amounts of dollars (like the Chinese gov't). Wise investors see
this coming and are sinking their investments into tangable assets such as
precious metals.
Gold has great investment potential but has some disadvantages compared to
silver for several reasons. First, the value is so high that it doesn't make an
easy item to trade. Second is due to the high value, it is more likely to have
high-grade counterfeit coins in circulation. Third and most significant is the
US government, like was done before under Franklin D. Roosevelt (FDR), may once
again outlaw private ownership of gold. This would mean that all gold must be
turned over to the US government at a mandated price or the holder may be
charged with a felony.