Junk Silver Facts
Circulated, pre-1965, U.S., 90% silver dimes, quarters and half-dollars are referred to as 'junk silver' because they cannot be considered numismatic or collectible. This is also the reason we think junk silver is a great way to buy silver. When first minted, a $1,000 face bag of 90% coins contained 723 ounces of silver. Because of wear, a bag of dimes or quarters will now net about 715 ounces of pure silver when melted.
Junk silver coins are a 'finite commodity.' They are no longer being made, and many of the bags have been melted down over the years. Since the late 1960's, it is legal to melt down junk U.S. silver coin. Some people would question whether the old U.S. silver coin would not be recognized. If that were true, you would find them in your pocket change, but you don’t... everyone realizes they have a value in excess of their legal tender value due to the silver content.
Why Should I Buy Junk Silver Coins?
In the past, junk silver coins served as legal tender for everyday necessities like food, clothing and even gasoline. These days, people purchase junk silver for both investment and survival purposes. Here are some of the benefits of owning junk silver: