Share Tweet

Investing In Junk Silver Coins -An Exciting Hobby

October 27, 2010

You have possibly noticed persons talk about junk silver coins in the US. They are then reffering to elderly US coins that has silver. In past times aged coins like half dollars, dollars, dimes and quarters included silver in different degrees. Coins minted uptil 1965 contained up to 90% silver and past 1965 just Kennedy half dollars sustained to be produced with silver content even though it was down to 40%. junk silver coins represents more silver worth than gathering worth so they are typically bought in bulks or bags. If you wish to buy this sort of silver collectors typically buy one ounce coins or ten ounce bars issued by various mints.

Purchasing silver coins may be the simplest and most secure method to investing in silver as their value will always reflect the silver price so if the price raises with 15% so will the value of the silver dimes or half dollar. You do not have to acquire silver coins in bags or bulks, coin shops will likely be pleased to sell you a single coin and you can actually buy mercury dimes for well below $2. Those with a low budget can without difficulty begin picking up silver.

Folks often gets interested in costly metals through problematical economic periods and precious metals have forever been viable way of trade when currency is no longer used. Actually expensive metals like silver and gold have been "money" for 1000s of years. Nevertheless, it may be a difficult task to find out precisely how much silver or gold a bread is worth and it might be hard avoiding over paying when paying using bars, but silver coins are greatly less difficult make use of as there are actually smaller quantities of silver in them.

Where to buy junk silver coins? Online is a good alternative, as most dealers presents their coins on the internet as well as their own shops. Ebay, the worlds largest market place on-line is an excellent site to pick up junk silver coins at reasonable charges and if you purchase small amounts it is usual to pay a premium upto 15-25% over the silver spot price for every silver coin. Craigslist can also be a reliable option to place up an ad or seek out dealers ads. Sellers frequently use the term "X times face", that just means x times the face value so an example is Kennedy half dollar worth $6.50.

One little disadvantage is that junk silver coins includes unlike quantities of silver and mercury dime for instance includes 0.07234 ounces of silver, so you must calculate the worth for each type of coins. A big help for that's online calculator that estimate instantly how much value different coins contain. That is essential to be aware of when you're trade coins.
7,261 - 15 - 0 - US