Typically these contain silver coins with varying levels of purity and can be found at different prices ranging from 100 to 1000 dollars. Unlike the US Morgan Dollar above, junk silver coins have no numismatic value The cheapest way to buy silverĬirculated US junk silver coins are sold in assorted bags with little or no premium over the spot price. There are US half dollars with the head of JFK and there are wartime nickels that are simply called Jefferson war nickels. Many of these are around, so it’s important to do your research well. So, the rule of thumb is to avoid coins that have 35 or 40 percent silver only. What you don’t want to do is spend your money buying large amounts of base metals, which are worthless. If you’re going to spend your money buying junk silver coins, you’d better get a decent amount of silver from it. Bags of junk silver coins need sorting to pull out 80% silver coins Identifying the right coins So, this means it’s important to identify specific junk silver coins that have no value to numismatists and also trade at low prices – just over the spot or sometimes even below. However, junk silver coins can be bought at only 1-3 percent over the spot.
#Cheap junk silver coins for sale download
Download our FREE cheatsheet hereīullion coins such as the American Silver Eagle command a ten to fifteen percent premium over the spot price. The 7 Crucial Consideration before you buy silver coins. “Gold & silver investment jargon explained” – Just one of our YouTube videos. Many of these coins are very attractive to investors as they present a way for them to buy silver at low prices. So, these coins command a market value based on what is known as their ‘melt value’. However, the purity of silver in these coins varied from 35 to 90 percent. The US government minted several coins during this period using alloys that contained silver. The most popular coins within this category are American silver coins that were minted prior to 1965. Therefore, the only value it could possibly have is the value of the amount of silver it contains. Junk silver coins are world coins with absolutely no numismatic value.
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