Silver junk coins are coins that were produced before 1965 which contain a lot of silver. A number of these coins may be around 90% silver as well as the value of this metal can far over-shadow the currency value of the coin. One way to obtain the coins are purchasing them. Several dealers and online sites sell bags of these coins as well as the premium charged could be low. The final price is determined by the specific coin specifications and the amount purchased.
It is possible occasionally to find coins that contain high percentages of silver by checking the change received every day. A number of people have resorted to using prized coins as currency due to financial difficulties, and lots of stores and gas stations may have these coins in the cash register. It may be possible to purchase rolls of coins turned in by customers also, and these rolls might include several silver coins dated 1964 or previously.
Investing in silver junk is not as simple as purchasing pure silver bullion. Silver which is deemed junk status is rated in this way as there are other metals in the coin or item. It might take additional work to take away the silver from the coin or other item and this is reflected in the price and price of the metal. Acquiring bags of coins may cost under exactly the same weight in pure silver bullion and also this is attractive for most investors. Others choose to purchase this category of coins as being a hedge against inflation and any currency devaluation.
Coin collectors may buy coins that have value due to the silver content or because of the historic or uncommon value of the item. Several silver coins have minting errors or missing features, and also this value may be much higher compared to the value of the silver in the coins.
Buying silver junk coins by the bag permits collectors to evaluate the supplied coins. Even when no unusual or rare coins are uncovered the price of the silver in the coins helps to protect the capital expense made.
A fast online search will reveal a lot of places where these junk silver can be purchased with low premiums.