why junk silver isn't junk

Why Junk Silver isn’t junk

As a mid-life investor, you may have heard of the term ‘Junk Silver’. Maybe you thought it had something to do with outdated, useless currency. 

Or maybe you never really knew what junk silver really was. 

Whatever your notions are about junk silver, they’re likely to be wrong.  

Despite its name, ‘junk’ silver is actually an interesting investment option for anyone in search of affordable precious metals. With increased volatility in the global markets, more people are flocking to silver, gold and other precious metals. The idea is that precious metals are like a safe haven for your wealth during these precarious times.  

Unlike modern-day silver coins, junk silver coins are older coins that were minted in the United States and under past government regulation. They are called “junk silver” as they do not hold any numismatic value. That is, this is the value that coins derive from their rarity, significance, or historical context. Therefore, these coins can be purchased at a lower price than numismatic coins. And this makes them an affordable investment vehicle for the average investor.

Junk silver coins are usually sold in bulk and categorized by bags and rolls. They are made up of 90% silver. Typically, they and are commonly found in dimes, quarters, and half dollars that were minted pre-1965. The coins have a total of 0.715 ounces of silver content, with each dime containing 0.0723 ounces of silver, each quarter containing 0.1808 ounces of silver, and each half dollar containing 0.3617 ounces of silver. Because of their inherent value, they are a reliable way to invest in silver.

The importance of investing in these types of coins isn’t just because its price is lower than other precious metals. They are a tangible asset with real value. These older coins can protect your wealth from inflation, economic downturns or a bigger financial crisis. And, importantly, they are a reliable and secure option to hold as they have been in circulation for decades. Moreover, their value remains consistent.

Another added advantage of junk silver is that they are easily recognizable. This makes them easier to sell than other types of silver or gold investments. 

Moreover, these silver coins offer an important practical benefit that’s hard to find with other precious metals investments. For instance, old US coins can be used for everyday transactions. So, in an emergency situation, you could use your coins as an alternative currency when banks and digital transactions are unavailable. 

Additionally, buying and selling these types of coins is a fun way to explore history while also making an investment.

So, while junk silver might not have the flashy appeal of modern silver, it’s an affordable and wise investment option worth considering.

To summarize, investing in these coins has many benefits. These include their affordability, inherent value, liquidity, and practical use. They are an excellent option to consider when diversifying your investment portfolio. 

As always, it is essential to do your research and understand the risks involved before making any investment. However, if you’re looking for a practical way to gain exposure to silver, then junk silver may be the right investment choice for you.

Please note this post does not represent financial advice. Always consult with a qualified financial advisor before making any investment decisions.

If you want to learn more about precious metals and where to buy them, consider buying my book: Get Financially Grounded with Gold and Silver, available on Amazon worldwide. Or contact me for a 20-minute free discovery call to get started.