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What do we mean by junk silver coins? U.S. Once you have determined the quality of your silver coins, simply call our team onĪnd they’ll be happy to give you a quote.There are many ways to invest in silver bullion, but one of the best ways is to buy junk silver coins.
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The best prices are therefore usually available through bullion dealers, who will buy the coins based solely on their precious metal content.īullionByPost will buy junk silver coins for competitive prices, based on the current market silver price. The Swiss 1/2, 1, and 2 Franken coins used 83.5% silver purity from 1874 to 1967.īecause junk silver is not collectible, coin dealers will show little interest in handling it. 500 silver, so these coins would certainly be classed as junk silver. 500 silver, with circulating coins removing silver altogether and switching to nickel.Īustralia had its own term of ‘post-silver’ which was used from 1946 – 1964. 800 fine (80%) pure silver, and these were further debased after 1968 to. 925 fine (92.5%) purity they are usually above the generally accepted quality threshold.įrom 1919 onwards, Canada began striking its currency in. TheseĬould therefore be classed as junk silver if their condition were poor enough.Ĭan also sometimes be classed as junk silver, but at. In the UK, silver coins produced between 19 were struck in only. 400 fine (40%) silver, and a Jefferson Nickel as low as. The overwhelming majority of these coins were 900 fine silver, but there was a Kennedy Half-Dollar struck in. The term ‘coin silver’ was actually derived from the decision by the US to strike their coins in 90% silver. This is because for 175 years – until 1965 – it was legally required for all US silver coins to be at least 90% pure. Silver coins including Dollars, silver Dimes and Quarters are often classed as junk silver. It is commonly used in the US due to the nation's large quantities of 90% silver coins. The term 'junk silver' originated with US collectors, but has travelled to the UK and other nations in recent years. The American ‘Morgan Dollar’ is another commonly found junk silver coin. Mint or perfect condition silver coins are worth considerably more than coins classed as junk silver, as you would expect. If it contains higher than 90% pure silver, it will be more desirable, but less will be deemed junk - a less than technical term but common parlance. Junk silver is determined by its condition and its silver content. The term however refers to its value rather than condition junk means low value because of the low silver content, and does not mean junk in terms of being damaged.Īn American ‘Peace Dollar’ is a common junk silver coin.Ī junk silver coin is generally bought purely for investment purposes, as something that can be bought cheap, and sold as scrap silver when the price is high.
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They will often have 90% (900 fineness) pure silver content or less. Junk silver coins are ultimately more valuable as scrap metal than as collectable items. Junk silver is an expression used by coin collectors to describe a silver coin that has limited value as an investment coin, and no value as a numismatic piece.