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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.




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 them for any collectible coins, which is why few people find any real collectible coins in these coin lots.





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Face Value vs. Intrinsic Value



Intrinsic Value is a measure of an asset's value.

In regards to a coin, a coin's intrinsic value is determined by what it consists of and how much it weighs.

For instance:

  • the Face value of a dime is 10 cents ($0.10)
  • the Intrinsic Value of a silver dime is determined by its weight, which is 2.25 grams / .0723 oz. 

To figure out the intrinsic value of a coin made of silver, divide the price of silver by 31.10, which is the number of grams in a troy ounce, then multiply that amount by the number of grams the coin weighs.

~~~~~~~

Learn more from this guide's

Junk Silver Buying Guide


Learn what you should know before you buy from this guide's

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)

In the United States before 1965, "Gresham's Law" was in full effect by Americans who understood the intrinsic value of silver hoarded their circulated silver coins, making them increasingly hard to find.

The Coinage Act of 1965 was signed in response to coin shortages caused by the rising price of silver in terms of a devalued U.S. dollar; it eliminated silver from circulating United States dime and quarter dollar coins.

The Coinage Act also reduced the amount of silver content in the half-dollar from 90 percent to 40 percent; subsequently, silver in the half-dollar was eliminated by a 1970 law.





Learn Bullion Dealer practices of these coins from this guide's

Junk Silver Buying Guide






U.S. "Junk Silver Coins"


For each coin, you will find an 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

War-Time Nickles were minted from 35% silver, 56% copper, and 9% manganese during WWII, from 1942 to 1945, to conserve nickel for the war effort.

Nickel is an industrial metal needed to manufacture ammunition, tank armor, and aircraft parts; to ration nickel, during the war, the United States Government made nickels without any nickel.





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





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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





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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





Learn more from this guide's

Junk Silver Buying Guide




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


'Click this Link' for an easy to use Junk Silver Calculator.




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Junk Silver Coins

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Junk Silver Coins

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The Links below will take you directly to

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BGASC

Junk Silver Coins page

BuyGoldandSilverCoins - 4.8 star Customer Reviews

Free Shipping on Orders $199 and up






Money Metals Exchange

Junk Silver Coins page

Money Metals Exchange - Better Business Bureau Review

Free Shipping on Orders $199 and up






Royalty Precious Metals

Pre-1965 Constitutional Silver page

Royalty Precious Metals - Better Business Bureau Review

Free Shipping on Orders $199 and up






SD Bullion

Junk Silver Coins page

SD Bullion - 4.8 star Customer Reviews

Free Shipping on Orders $199 and up






SilverGoldBull

Junk Silver Coins page

SilverGoldBull - 5.0 star Customer Reviews

Free Shipping on Orders $299 and up






Walmart

Junk Silver Coins page

Shipping prices varies by item

Walmart - Customer Reviews




Notice


  • No Personal Information is Obtained by this guide when you visit any of the merchants above.
  • Information is obtained only when you make a purchase, and that is between you and the merchant only.
  • See this guide's Affiliate Disclosure page for more information; here)





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