Why Junk Silver is a Smart Investment: More Valuable Than You Think
Looking to diversify your investment portfolio by adding precious metals to your collection? You should consider junk silver.
Junk silver is a term that refers to old coins that contain silver but have no numismatic value. In other words, they are worth more for their metal content than their face value or rarity.
Junk silver can be a great option for beginner bullion investors who want to get exposure to silver without paying high premiums or dealing with complicated refining processes.
Join us today as we delve deeper into the junk silver world!
What is Junk Silver?
This colloquial term describes any coin with at least 40% silver and no collectible value.
These coins were minted in the United States, Canada, and other countries before they switched to cheaper metals in the mid-20th century.
For example, in the US, dimes, quarters, half dollars, and dollars minted before 1965 were 90% silver, while half dollars minted between 1965 and 1970 were 40% silver.
In Canada, dimes, quarters, half dollars, and dollars minted before 1968 were made of 80% silver, while half dollars minted between 1968 and 1969 were made of 50% silver.
Junk silver coins are usually sold by their face value or weight in troy ounces.
A troy ounce is a unit of measurement for precious metals that equals 31.1 grams.
For example, one dollar of face-value Canadian junk silver coins contains about 0.6 troy ounces of pure silver.
Why is Junk Silver a Popular Investment Choice?
It is easy to buy and sell.
Junk silver coins are widely available and recognizable. You can buy them from coin dealers, online platforms, auctions, estate sales, and more.
You can also sell them easily when you need cash or want to exchange them for other precious metals.
It is affordable and accessible.
Junk silver coins have low premiums over the spot price of silver. This means you can buy more silver for your money than other forms of silver bullion, such as bars or rounds.
You can also buy junk silver coins in small denominations that suit your budget and needs.
It is durable and portable.
Junk silver coins are sturdy metal that can withstand wear and tear. You can store them in a safe place or carry them with you without worrying about damage or loss.
Why Is Junk Silver Worth More Than You Think?
Junk silver may seem like cheap and insignificant silver, but it is worth more than you think. Here’s why:
It has intrinsic value.
Junk silver coins have value not only because they contain silver but also because they are legal tender in their respective countries. This means that they have a face value guaranteed by the government.
It has potential value.
Junk silver coins have value not only because of their current market price but also because of their future potential price. This depends on supply and demand, inflation, economic conditions, geopolitical events, etc.
For example, if the demand for silver increases due to industrial or technological uses or the supply decreases due to mining difficulties or environmental issues, the price of junk silver coins will likely rise.
What Factors Affect the Value of Junk Silver
The value of junk silver coins can change depending on various factors influencing the supply and demand of silver in the market. Some of these factors are:
- Gold and silver are often correlated in the market, meaning they tend to move in the same direction. If gold prices rise, silver usually follows suit, and vice versa.
- The US dollar is the main currency used to trade silver. If the US dollar strengthens against other currencies, the price of silver decreases, and vice versa.
- If the economy is booming, there is more demand for silver for industrial and technological uses, lifting its price. If the economy struggles, more demand for silver as a safe-haven asset increases the price.
- The geopolitical situation affects the supply and demand of silver in different ways. If there is political instability or conflict in major silver-producing countries, supply decreases, boosting the price.
How to Buy and Sell Junk Silver
Junk silver coins may not look like much, but they can be a valuable investment opportunity for those who know how to buy and sell them.
Familiarize yourself with the different types of junk silver coins available on the market, such as dimes, quarters, and half-dollars minted before 1965. These coins contain varying amounts of silver and are sold based on weight.
When buying junk silver, it’s important to pay attention to current market prices for silver, so you don’t overpay.
You should also purchase from reputable dealers or online sellers with good reviews to ensure authenticity.
With some research and patience, investing in junk silver can yield significant returns while providing a unique addition to your portfolio.
Express Gold Refining for Expert Investment Information
If you want to learn more about junk silver coins or other forms of precious metals refining, contact Express Gold Refining.
We are a leading precious metal refining company offering services such as buying and selling gold, silver, platinum, and palladium and refining, assaying, testing, and melting.
We also offer competitive prices, fast payments, secure transactions, and excellent customer service.
Whether you want to sell your junk silver coins or buy new ones, Express Gold Refining can help you with your investment needs. Our team of experts can guide you through the process and answer any questions.
Don’t miss this opportunity to diversify your portfolio and add some precious metals to your collection.
Ideal for Collectors and Investment Diversification
Junk silver coins not only serve as a valuable investment opportunity but also offer a unique advantage for hobbyists. If you are a collector or enthusiast looking to sell your junk silver coins, you can easily reinvest the proceeds in different silver or gold coins to further diversify your collection.
Investing in various silver coins allows you to expand your collection and enhance the overall diversity of your portfolio. By clicking the link below, you can explore Express Gold Refining’s silver coins category and discover the perfect additions to your precious metals collection:
Explore Express Gold Refining Silver Coins Category
Contact Express Gold Refining today and discover the benefits of junk silver coins.
