Many investors have not heard the term junk silver. Junk silver is a term frequently used by coin investors looking for different ways to purchase a store of value without paying collectible coin costs. Junk silver is not scrap silver and typically is nowhere near brilliant uncirculated condition. Junk silver bags are commonly purchased by survivalists and investors who are looking to purchase silver for possibly bartering reasons or to own coins in very small denominations. Junk silver bags are most commonly sold in $100, $250, $500, and $1,000 face value bags or canvas sacks. Face value is important in determining the cost to buy and the price to sell if applicable.
In this week’s article, we cover some of the more popular junk silver coins and their percentage of silver content in each. At Midas Gold Group, our clients typically give us an idea of how many US dollars they are looking to convert into junk silver. As a full-service dealer, we research the best bargains out there and do the rest. As a possible owner of junk silver, make sure you have the storage room necessary and the strong biceps to lug these heavy bags around. The cost of shipping is also a factor in very large quantities of these coins.
USA junk silver coins
90% silver content
- Morgan Dollar 1878–1921
- Peace Dollar 1921–1935
- Kennedy Half Dollar 1964
- Ben Franklin Half Dollar 1948–1963
- Walking Liberty Half Dollar 1916–1947
- Barber Half Dollar 1892–1915
- Washington Quarter 1932–1964
- Standing Liberty Quarter 1916–1930
- Barber Liberty Quarter (1892–1916)
- Mercury Dime 1916–1945
- Roosevelt Dime 1946–1964
- Barber Dime 1892–1916
40% silver content
- Ike Dollar 1971–1976
- Kennedy Half Dollar 1965–1970
35% silver content
- War Nickel 1942–1945
Canadian junk silver coins
92.5% silver content
- Canadian Dollar before 1919
- Canadian Half Dollar before 1919
- Canadian Quarter before 1919
- Canadian Dime before 1919
80% silver content
- Canadian Dollar 1919–1967
- Canadian Half Dollar 1919–1967
- Canadian Quarter 1919–1967
- Canadian Dime 1919–1967
50% silver content
- Canadian Quarter 1967 – some of 1968
- Canadian Dime 1967 – some of 1968
Australian junk silver coins
92.5% silver content
- Florin 1910–1945
- Shilling 1910–1945
- Six pence 1910–1945
- Threepence 1910–1945
80% silver content
- Round 50-cent 1966
50% silver content
- Florin 1946–1964
- Shilling 1946–1964
- Six Pence 1946–1964
- Three Pence 1946–1964
Swiss junk silver coins
90% silver content
- 5 Franken 1922–1928
83.5% silver content
- 5 Franken 1931–1969
- 2 Franken 1874–1967
- 1 Franken 1874–1967
- ½ Franken 1874–1967
UK junk silver coins
92.5% silver content
- Victoria Crowns (2nd and 3rd portraits) (1887–1900)
- Edward VII Crowns (1902)
- Victoria Half Crowns (1837–1901)
- Edward VII Half Crowns (1902–1910)
- George V Half Crowns (1911–1919)
- Victoria Florins (2 Shillings) (1849–1901)
- Edward VII Florins (2 Shillings) (1902–1910)
- George V Florins (2 Shillings) (1911–1919)
- Victoria Shillings (1838–1901)
- Edward VII Shillings (1902–1910)
- George V Shillings (1911–1919)
- Victoria Six Pence (1837–1901)
- Edward VII Six Pence (1902–1910)
- George V Six Pence (1911–1919)
- Victoria Three Pence (1838–1901)
- Edward VII Three Pence (1902–1910)
- George V Three Pence (1911–1919)
50% silver content
- George V Crowns (1927–1936)
- George VI Crowns (1937)
- George V Half Crowns (1920–1936)
- George VI Half Crowns (1937–1946)
- George V Florins (2 Shillings) (1920–1936)
- George VI Florins (2 Shillings) (1937–1946)
- George V Shillings (1920–1936)
- George VI Shillings (1937–1946)
- George V Six Pence (1920–1936)
- George VI Six Pence (1937–1946)
- George V Three Pence (1920–1936)
- George VI Three Pence (1937–1945)
Junk silver coins are a finite commodity. Since the late 1960s, it is legal to melt down US junk silver coins. The fact they are no longer being made and many have been melted down over the years, there is value there. Although these coins are still legal tender, their real value exceeds that. A pre-64 quarter in horrible condition, because of its silver content, is worth roughly $4 based on today’s silver price.
The importance of this article is to stress the fact that every investor is different. A good silver dealer will tailor a plan for each investor based on their needs and wants. What are you looking for silver to do for you? Are you looking for appreciation or barter ability? Junk silver is a store of value, it’s readily divisible and fractional, junk silver has never been confiscated, it’s affordable, and has the potential to increase in value if the price of silver goes up in the future. Junk silver can only be purchased with liquid funds and is not allowed in an IRA.
Call a Midas Gold Group trader today at 480-360-3000 or 805-601-6000 and ask what is available in the junk silver inventory. We are quickly approaching a cashless society and coins and change are getting shorter in supply and harder to come by. Your financial privacy and options to hold your wealth are getting fewer by the day. Get some of your funds out of the bank before you are forced to have a digital wallet. The world is changing and our money is changing with it. Do something about it while you can. Call Midas Gold Group today at 480-360-3000 or 805-601-6000 and do something about your financial future today.
