- Click Here To Know More About:
- American Debt Enders
Junk silver is the phrase utilized for coins circulated in1964. This does not mean that these coins do not have value, which in fact they do, but they’re simply not considered numismatic and demanded by coin collectors and consequently the term. They have value because they can be melted down and the resulting silver can be sold for market prices.
These coins Silver were created in the percentage of 90% silver and 10% copper. Although the face value may remain the same, these coins are sold on melt value and the weight in grams and the percent of silver contained. A formula is used to determine melt value. The larger sized coins weigh more and have a bigger silver content than the small ones and consequently get a higher price. The one-dollar coin is the largest of these coins. This category has two main coins, the Morgan silver dollars and the Peace silver dollars.
The melt value of larger coinage that weighs more will be higher than smaller sized coinage that weighs less In the dollar category the Morgan Dollar, minted 1878-1921 and the Peace Dollar, minted 1921 to 1935 are still considered junk because they were made before 1965. However, they do hold higher value than other coins when melted.
The silver quarters incorporate the Standing Liberty that last circulated in 1930 and the Washington quarter that last circulated in 1964. As with the other coins, their composition is the 90/10-silver/copper ratio. Their melt value in current markets is a little over $7.00, based on their smaller size.
Just about all brokers will tell you that investing in junk silver is a relatively secure investment. Precious metals are not really prone to big fluctuations. A bonus for the investor who purchases either silver or bullion is the double value found in both the Numismatic and Melt values. Numismatic value is based largely on the rarity of the coin. Numismatists who buy coinage of ancient cultures are not only willing to spend large sums for buying them, but can look ahead to increasing in their value as time passes.
Many well known individuals enjoy coin collecting as their hobby. These include the Roman Emperor Augustus, Louis XIV, the French Sun King, U. S. President John Quincy Adams and in the present day, former British Prime Minister Tony Blair. Silver coins, no matter if investing or collecting are a appealing pursuit and investment.
Article Source: sooperarticles.com/finance-articles/investing-articles/junk-silver-offers-attractive-investment-opportunities-388684.html
About Author:
I have traded the markets for thirty years and enjoy witting articles about How To Invest In Silver and the stock and Forex markets. If you like to read more of these articles, please visit the Value Of SilverAuthor: Ian Maris