Why buy "Junk" Silver? What makes American minted coins from 1964 or older more valuable than what we have minted since then?
From a metalic point of view, the silver content makes these older coins more valuable. Silver has a value as a metal that nickle, tin or copper does not have. Sure, there is a degree of value in these other metals but they are not near as valuable as silver.
Gold and Silver has been used as money for 3000 years. With this history ingrained in the psychi of humanity, smart people the world over gather gold and silver to themselves especially in times of war, economic turmoil or famine.
"Junk" silver is sometimes called "Survival" Coin because of its ability to hold value in times of crisis. These coins can be purchased in bags and come in the normal denominations of 10 cents, 25 cents, 50 cents or one dollar coins.
Some of the coins you may remember are the Franklin dimes, Mercury Head dimes, Washington Quarters, Ben Franklin half dollars, Kennedy half dollars, Morgan Silver Dollars and Peace Dollars. These are American minted coins and are widely available from coin dealers across the country.
When time of recession or depression hit a country, smart people collect these coins for their silver content. If inflation hits a nation, the silver will maintain its purchasing power much better than paper money.
It is wise to keep a stash of "Junk" Silver in your bank safe deposit box. A few thousand dollars worth of these coins will fill a small deposit box in no time.
Is it time to buy "Junk" Silver?
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