Homepage / Bullion Investment Basics: Junk Silver


Junk Silver Coins



A "junk silver coins" is a term used in the bullion market for old silver coins minted in the United States, Canada and many other Countries around the world.




Gunsafes.com

Learn More about safes from our Home Safe Guide







Why "Junk?"




junk silver bag

It sounds odd to call old silver coins "Junk," but most of these coins are categorized as 'junk' because they have been in circulation for a long time and are generally in poor condition.

These silver coins have no numismatic value or a collector's premium, above the amount of silver contained within them.

In addition, dealers of junk silver coins, usually check the coins for any collectible coins, which is why few people find any real collectible coins in these coin lots.





Free Bullion Investment Guide
Thanks You for Visiting!





My name is Steven Warrenfeltz, I created this guide to give you an honest place, on the web, that provides reliable bullion market information.

This guide is a little unusual to other guides because it not only offers bullion market information, it also advocates for Gold Nanoparticle Cancer Research, and supports individuals who are Battling cancer

A few decades ago, I made a graveside promise to a childhood friend who died of cancer that I would help those who are battling cancer.

I created this guide to help people understand how precious metals help them preserve the value of their savings and or investments while trying to fulfill a promise.


See this guide's Mission page for more information.







Gresham's Law




Junk Silver Coins are old pre-1965 circulated coins that Americans used to use in everyday life.

The Coinage Act of 1965 was signed in response to coin shortages caused by the rising price of silver in terms of a devaluing U.S. dollar, the shortage of silver coins in 1965 was blamed on "Gresham's Law."

Gresham's Law is a monetary principle stating that "bad money drives out good." 

Money that has intrinsic value because it contains a precious metal will be over-valued and will leave the country or disappear from circulation due to hoarding.

While money that has no intrinsic value and is made of base metals or easily manufactured commodities is undervalued and will flood into circulation.                           - Sir Thomas Gresham (1519–1579)


After 1965, Gresham's Law was in full effect by Americans hoarding these old circulated silver coins.

Since 1970, after the last 40% Kennedy half dollars was minted, these silver coins have become increasingly harder to find.






Face Value vs. Intrinsic Value




The term "Face Value" is used Only in the terms of the Total Face Value of the Coins' themselves. 

Examples:

  • 10 dimes = Face Value of $1.00
  • 200 half dollars = Face Value of $100.00
  • 4000 quarters = Face Value of $1000.00

Junk Silver is often sold in bags of the Face Value's above. However, this is not the price you'll be paying when purchasing the coins; you'll be paying for the weight of the coins at Silver's Spot Price.







Face Value - a True Story


by Steven Warrenfeltz



morgan silver dollarThe Silver Coin in the Story
- Obverse Side

About 15-years ago, I was at a gas station/convenience store in Northern Virginia to pay for items I wanted to purchase.  

After I had handed the cashier a ten-dollar bill to pay for my items, I noticed that he grabbed a Morgan Silver dollar that was in the quarter tray of the cash register when he was giving me change.

I immediately knew what the coin was as he was about to put it in my hand, and I started to grin.

I could not hold the grin back because I have no poker face, and  I knew the 'true' value of the coin he was about to give me for change.

He saw my grin as he was handing me the change, I couldn’t hold it back, and he took a second look at the Morgan Silver Dollar.  

morgan silver dollarThe Silver Coin in the Story
- Reverse Side

He looked at it and said "my mistake this is a dollar coin" (which is the 'Face Value' of Morgan silver dollar), as he started to grab a quarter and put the Morgan Silver Dollar back in the drawer, I told him “I’ll give you a dollar for it.”

He took my dollar and handed me the coin.

I got paid that day for going to that gas station/convenience store because the intrinsic value of the silver coin was then and still is, worth more than what I paid the cashier for my items. 









Silver Spot Price

The spot price for silver, is the price for a troy ounce of silver.

Junk silver coins have a silver alloy content ranging from 35%, 40% and 90%.

When you are pricing "Junk Silver", try not to let the "Face Value" confuse you with the real 'intrinsic' value of the Silver contained within the Bullion Coins.






Click Here to learn more about buying Junk Silver Coins and the

practices of the Bullion Dealers who sell them.






U.S. "Junk Silver Coins"



Directly below is a list of U.S. "Junk Silver" bullion coins. 

For each coin you will find a obverse and reverse photo, the coin's face value, total weight, purity, silver content, circulated mintage, and the name of the person who designed the coin.


Note: Mintage Figures do not include proof mintages.







FIVE CENTS





1942 - 1945 : War-Time Nickel


Face Value:..............FIVE CENTS

Total Weight:............5 grams

Purity.......................35% / 0.3500 silver

Silver Weight............1.75 grams / .0563 oz.

Metal Composition:...35% silver, 56% copper, 9% manganese

Circulated Mintage:...869,896,100

Designer:.................Felix 0. Schlag






ONE DIME





1892 - 1916 : Liberty Head "Barber" Dime


Face Value:..............ONE DIME

Total Weight:............2.50 grams

Purity.......................90% / 0.900 silver

Silver Weight............2.25 grams / .0723 oz.

Metal Composition:...90% silver, 10% copper

Circulated Mintage:...504,317,075

Designer:.................Charles E. Barber









1916 - 1945 : Winged Liberty Head
(Mercury) Dime


Face Value:..............ONE DIME

Total Weight:............2.50 grams

Purity.......................90% / 0.900 silver

Silver Weight............2.25 grams / .0723 oz.

Metal Composition:...90% silver, 10% copper

Circulated Mintage:...2,677,153,880

Designer:.................Adolph A. Weinman









1946 - 1964 : Roosevelt Dime


Face Value:..............ONE DIME

Total Weight:............2.50 grams

Purity.......................90% / 0.900 silver

Silver Weight............2.25 grams / .0723 oz.

Metal Composition:...90% silver, 10% copper

Circulated Mintage:...6,595,617,673

Designer:.................John R. Sinnock






QUARTER DOLLAR





1892 - 1916 : Liberty Head "Barber" Quarter


Face Value:..............QUARTER DOLLAR

Total Weight:............6.25 grams

Purity.......................90% / 0.900 silver

Silver Weight............5.63 grams / .1808 oz.

Metal Composition:...90% silver, 10% copper

Circulated Mintage:...264,670,880

Designer:.................Charles E. Barber









1916 - 1930 : Standing Liberty Quarter


Face Value:..............QUARTER DOLLAR

Total Weight:............6.25 grams

Purity.......................90% / 0.900 silver

Silver Weight............5.63 grams / .1808 oz.

Metal Composition:...90% silver, 10% copper

Circulated Mintage:...226,769,600

Designer:.................Hermon A. MacNeil









1932 - 1964 : Washington Quarter


Face Value:..............QUARTER DOLLAR

Total Weight:............6.25 grams

Purity.......................90% / 0.900 silver

Silver Weight............5.63 grams / .1808 oz.

Metal Composition:...90% silver, 10% copper

Circulated Mintage:...3,780,077,001

Designer:.................John Flanagan






HALF DOLLAR





1892 - 1915 : Liberty Head "Barber"
Half Dollar


Face Value:..............HALF DOLLAR

Total Weight:............12.50 grams

Purity.......................90% / 0.900 silver

Silver Weight............11.25 grams / .36169 oz.

Metal Composition:...90% silver, 10% copper

Circulated Mintage:...135,916,889

Designer:.................Charles E. Barber









1916 - 1947 : Walking Liberty Half Dollar


Face Value:..............HALF DOLLAR

Total Weight:............12.50 grams

Purity.......................90% / 0.900 silver

Silver Weight............11.25 grams / .36169 oz.

Metal Composition:...90% silver, 10% copper

Circulated Mintage:...485,320,340

Designer:.................Adolph A. Weinman









1948 - 1963 : Franklin Half Dollar


Face Value:..............HALF DOLLAR

Total Weight:............12.50 grams

Purity.......................90% / 0.900 silver

Silver Weight............11.25 grams / .36169 oz.

Metal Composition:...90% silver, 10% copper

Circulated Mintage:...465,814,455

Designer:.................John R. Sinnock









1964 : Kennedy Half Dollar


Face Value:..............HALF DOLLAR

Total Weight:............12.50 grams

Purity.......................90% / 0.900 silver

Silver Weight............11.25 grams / .36169 oz.

Metal Composition:...90% silver, 10% copper

Circulated Mintage:...429,509,450

Designer:.................Gilroy Roberts (obverse); Frank Gasparro (reverse)









1965 - 1970 : Kennedy Half Dollar


Face Value:..............HALF DOLLAR

Total Weight:............11.50 grams

Purity.......................40% / 0.400 silver

Silver Weight............4.60 grams / .14789 oz.

Metal Composition:...40% silver, 60% copper

Circulated Mintage:...848,895,006

Designer:.................Gilroy Roberts (obverse); Frank Gasparro (reverse)






ONE DOLLAR





1878 - 1921 : Morgan Dollar


Face Value:..............ONE DOLLAR

Total Weight:............26.73 grams

Purity.......................90% / 0.900 silver

Silver Weight............24.057 grams / .77343 oz.

Metal Composition:...90% silver, 10% copper

Circulated Mintage:...656,989,387

Designer:.................George T. Morgan









1921 - 1935 : Peace Dollar


Face Value:..............ONE DOLLAR

Total Weight:............26.73 grams

Purity.......................90% / 0.900 silver

Silver Weight............24.057 grams / .77343 oz.

Metal Composition:...90% silver, 10% copper

Circulated Mintage:...191,028,756

Designer:.................Anthony DeFrancisci







U.S. Junk Silver Calculator





A website apply named 'Silver Coins' currently has the easiest to use Junk Silver Calculator, you can find it by 'Clicking this Link.'

If you want to Buy Junk Silver Coins, scroll down to see a list of reputable Affiliated Dealers who offer these coins.









Junk Silver Coins

Buy
Junk Silver Coins

from one of our Affiliated Dealer links below.



The Links below will take you directly to

the page described.


To See Customer Reviews on the Dealers listed below, click this link, then click the dealer's name.



BGASC

Junk Silver Coins page


_____________


GMRgold

Junk Silver Coins page


_____________


GoldenEagle Coins

90% Junk Silver Coins page

&

40% Junk Silver Coins page


_____________


Money Metals Exchange

Junk Silver Coins page


_____________


SD Bullion.com

90% Junk Silver Coins page


_____________


SilverGoldBull

Junk Silver Coins page


_____________






Notice


  • This Guide Gives 1/2 of Every Commission received from one of the Affiliates above to Someone who is Battling Cancer through the Angel of Healing Cancer Fund.
  • You can see the balance of the Angel of Healing Fund near the bottom of this page: here.
  • The Cookies on your computer must be Enabled for the Free Bullion Investment Guide to receive a commission.
  • Cookies only indicate, to the merchant, that you linked to the merchant's website from the Free Bullion Investment Guide.com
  • No Personal Information is Obtained during this process.
  • The only time more information is obtained is when you make a purchase, but that information is between you and the merchant Only! (See this guide's Affiliate page for more information; here)




For the Best Bullion Market News...


Return from the

Junk Silver Coins page

and

Visit the Homepage













Free Bullion Investment Guide




search

   Search the Guide

search engine by freefind





PayPal, Debt, or
Credit Card



Gold Nanoparticle Cancer Awareness Ribbon of the Free Bullion Investment Guide

This Guides Gives
1/2 its Earnings
to Individuals
who
are Battling Cancer
through

 
The Angel of Healing Cancer Fund

Archangel Raphael The Angel of Healing

Who is the
Angel of Healing?

The Archangel Raphael



This Guide's Contributions to those Battling Cancer

$5,521.00

Next Ledger Entry 04/15/2020

Last Ledger Entry 03/15/2020


Donations Spreadsheet





Time-line of Who this Guide has Sponsored

2012 - 2020








recent guide updates

Bullion News on the Homepage

updated - daily

(except Saturdays)



04/05/2020

Video Post

Silver and Gold Price Analysis (XAG/USD and XAU/USD) - 03/30 thru 04/10/2020




Updated

US Bullion

U.S. Bullion Coin Mintage Figures




03/22/2020

vBlog Post

Has Gold and Silver Found Bottom?...

Maybe

gold to silver ratio



03/15/2019

Ledger-Spreadsheet

&

Ledger/Journal




New

4th Quarter - 2019

Bullion News & Charts




Update

2020

Austrain Philharmonic Gold, Silver & Platinum Bullion Coin

Images

austrian bullion



Updated

2020 Australian Bullion Coin Images




Updated

2020 Australian Silver Kookaburra Bullion Coin

Images




Updated

2020 Australian Silver Koala Bullion Coin

Images




Update

2020

America the Beautiful - 5oz. Silver Bullion Coin Images

America the Beautiful



Continuously Updated

Cancer Awareness Information & Resources page

Cancer Awareness Gold Nano-Ribbon









Buy Gold And Silver Coins
Affiliate Ad



Weekly

Top 10 pages of the Free-Bullion-Investment-Guide.com

pages



Silver Price

Charts




Home page




Gold Buying

Guide




The 'Troy'
System of Weight




Engelhard

Bullion Refiner




Gold Price

Charts




The Archangel Raphael

The Angel of Healing




Dow to Gold

Ratio




The Perth Mint

and

Australian Bullion Coins




America the Beautiful

5oz. Silver Bullion Coins








Affiliate Ads


Buy 90 Percent Junk Silver US Coins





















Gunsafes.com





















Coin Collecting Supplies























Buy Silver - Golden Eagle Coins





















My Patriot Supply





















Build Your Wealth in Ounces! SilverGoldBull.com





















SD Bullion





















Buy 90 Percent Junk Silver US Coins