Homepage / Bullion Investment Basics: Junk Silver



Junk Silver Coins


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





SD Bullion
SD Bullion - Customer Reviews link
Affiliate Ad






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 collector's premium above their intrinsic value, which comes from 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




This guide was created to give you an honest place, on the web, that provides reliable bullion market information.

However, it is a little unusual to other guides because it also advocates for Gold Nanoparticle Cancer Research, and supports individuals who are Battling cancer.

This guide is here to assist you in preserving the value of your savings and or investments through precious metals bullion while helping researchers & patients battle cancer.

Thank you for visiting!


 Mission(s) of this Guide







Gresham's Law




In the United States, 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 who understood the intrinsic value of silver, they hoarded these old circulated silver coins, making them increasingly harder to find.

Note: the one exception was the 1965-1970 Kennedy half dollar, it was minted in 40% silver.






Face Value vs. Intrinsic Value




Intrinsic Value is determined by the spot price of a precious metal and the weight of the precious metal contained inside the coin.

Junk Silver Coins are listed in Face Value amounts, but sold by the precious metal's weight of the coin.

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 silver in the coins, at Silver's Spot Price.

For Example, a $1,000 face value bag Of 90% junk silver contains approximately 715 ounces of pure silver. 

If the spot price of silver was $25.00 a troy ounce, a $1000 face value bag of junk silver coins would cost at least $17,875 to purchase.









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.


Silver per Troy Oz.




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

practices of the Bullion Dealers who sell them.





Face Value - a True Story


by Steven Warrenfeltz



morgan silver dollarThe Silver Coin in the Story
- Obverse Side

Over 15-years ago, I was at a 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, when he was giving me change, I noticed that he grabbed a Morgan Silver dollar that was in the quarter tray of the cash register.

I immediately knew what the coin was and 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, and it wasn't 25 cents.

morgan silver dollarThe Silver Coin in the Story
- Reverse Side

He saw my grin as he was handing me the change, and he took a second look at the Morgan Silver Dollar. 

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 put the Morgan Silver Dollar back in the drawer and hand me a quarter, I told him “I’ll give you a dollar for it.”

He took my dollar and handed me the silver coin.

I got paid that day for going to that convenience store because the intrinsic value of the silver coin was, and still is worth more than the dollar ($1) I paid for it.






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

BGASC - Trust Pilot Customer Reviews link





_______



Money Metals Exchange

Junk Silver Coins page

Money Metals Exchange - BBBureau Review link





_______



SD Bullion

Junk Silver Coins page

SD Bullion - Customer Reviews link





_______



SilverGoldBull

Junk Silver Coins page

SilverGoldBull - Approved Shopper Review link





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...


Transfer from the


Junk Silver Coins page


and

Visit the Homepage











Free Bullion Investment Guide




Enjoy this page? Please pay it forward. Here's how...

Would you prefer to share this page with others by linking to it?

  1. Click on the HTML link code below.
  2. Copy and paste it, adding a note of your own, into your blog, a Web page, forums, a blog comment, your Facebook account, or anywhere that someone would find this page valuable.


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

$6,315.53

Next Ledger Entry 11/15/2021

Last Ledger Entry 10/15/2021


9-year

Donation Spreadsheet





Time-line of Who this Guide has Sponsored

2012 - 2020




Gold per Troy Oz.


Silver per Troy Oz.


recent guide updates

Bullion News on the Homepage



Most Recent

Newsletters

Posted




United States Bullion Coin Mintages




Inflation




2021

America the Beautiful

Tuskegee Airman

tuskegee airman atb



2020

Silver Libertad

Mintage Figures

silver libertad



2020

Gold Libertad

Mintage Figures




2020

Jerusalem of Gold

Bullion Coin

silver panda

Photo  &

mintage figure





Cancer Awareness Information & Resources page

Cancer Awareness Gold Nano-Ribbon

Continuously Updated













Buy Gold And Silver Coins
Affiliate Ad



Weekly

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

pages



Archangel Raphael

The Angel of Healing




Home page




Gold

Price Charts




Engelhard

Bullion Refiner




Silver Price

Charts




Gold

Krugerrand




The 'Troy'

System of Weight




Mexican Silver

Libertad




Johnson Matthey

Bullion Refiner




Gold Bullion

Buying Guide








Affiliate Ads


Buy 90 Percent Junk Silver US Coins





















Gunsafes.com






















































































99.99% Pure,100% Insured, Buy Now!





















SD Bullion





















Buy 90 Percent Junk Silver US Coins