Junk Silver Coins
In times of economic uncertainty, people often seek to protect their nest egg by investing in precious metals. Precious metals historically rise when the value of a fiat currency falls. In today's market, pre-1964 US junk silver coins like the 1964 silver quarter the twenty five cent piece, 1964 silver half fifty cent piece, 1964 silver dime ten cent piece and 1964 silver dollar hundred cent piece U.S.A these coins all contain 90% silver provide an affordable and liquid silver investment opportunity.
These coins like the silver quarter were in general circulation until 1964 and contained 90% silver volume per coin. Because they were circulated coins, they can still be used as currency in a survival situation, saved to reap the benefits of a rise in silver price, or used as a hedge against inflation. Although coin collectors call them "junk" coins, they are far from what the nick name may imply. Junk silver coins are good investment in my mind.
These circulated junk silver coins are easy to liquidate in an emergency. Bags can be separated into smaller quantities, and the coins can also be sold individually. In dire times, you could even use them as currency at your local grocery store. This, combined with their relatively cheap price, makes these so-called" "junk" coins an attractive investment as a safe-haven.
Purchasing junk silver coins is easy to do. As easy as going online and checking out a few dealers of silver bullion. These coins are usually sold in $1000.- face value bags which contain around 715 ounces of actual silver by weight. They sell at a premium to the daily spot price of silver. This is considered the cheapest way,lowest percentage of markup, to invest in silver bullion. Although premiums have been known to rise from time to time. Smaller quantities like $500 FV and even $100 face value bags are available for the investor on a lower budget. Junk silver coins...(Hardly)!
In the U.S., when people talk about junk silver they are referring to the old U.S. coins containing silver. In the past the silver coins, quarters, half dollars and dollars contain different amounts of silver. Until 1965, these coins contain 90% silver. After 1965, only John F. Kennedy half-dollars continue to cast them in silver and decreased to 40%. Different coins, including Morgan silver dollars of garbage, peace dollars, Mercury dimes, barber quarters.
A perception that people are precious metal investments, which require significant investment and it is not consistent with junk silver coins so - in fact, you can pick up far less than 2 U.S. dollars, many mercury dime coin shops will be happy to sell you their single amount. Therefore, for low budget people, this is a good choice.
Junk Silver Coins