Junk Silver Coins – What Should Silver Coins Collectors Have To Know?

There are several ways of investing in precious metals such as silver and gold. The most popular method considered by many investors is purchasing coins, bars and ingots. Some rare coin’s collection is also one

type of investing, whether it is silver or gold. In recent times silver investment is emerging although it has not

surpassed gold. Due to this steady rise in its reputation and aesthetic value the investors and coin collectors are getting attracted towards it. Further, silver gives best returns in the bull market and is often more pricey than gold or other counterparts. Investors can browse some popular websites about gold and silver, to know which investment is more beneficial.

When considering silver coins for investment option, the investors usually stumble upon unique options. Junk silver coins are one such option which has been classified, as the minted coins prior to 1965 and the circulations come between 35% and 90% silver. The name “junk” doesn't necessarily mean scrap as the coins are in perfect condition. It may be due to the no numismatic value associated with the coins or value that is relatively above the bullion value of the silver present in them. These coins do not offer real value to silver coins collectors more than the bullion value. Hence they mostly convert them into bullion. The junk silver coins are more accepted by investors who want to invest silver in small amounts or those with interest in keeping assorted varieties of old silver and other metal coins. Few common junk silver coins used for collection include Roosevelt dimes and mercury dimes.  

Converting the junk silver coins to bullion

Usually the junk silver coins are sold by investors through coin dealers and some websites such as Ebay and Craigslist. Placing a classified Ad is also a common option that allows them to gain benefits without much effort. The other way is to covert them to bullion and for doing so they have to find the accurate amount of bullion they will receive after conversion with the help of calculator specially meant for it.  This calculator takes specific variety of junk silver like Washington Quarter or Kennedy half-dollar and evaluates their exact value. The investors have to enter the correct number of coins and then know the results. The gross value related with the junk silver is then displayed by the calculator along with how much bullion the investor can get after conversion. However, this method may give errors, but it is considered as an efficient way to convert the coins.  

Refineries offer different percentages of the amount on your junk silver and the figure may range depending on the silver purity. Once the junk silver coins are converted to bullion they are placed in the bags for selling.

Investing in junk silver coins

Investors are given three options for investing in junk silver coins ranging from Walking Liberty half dollars to Ben Franklin quarters. But some coins have huge premiums like the half-dollar coins. The premium often fluctuates on these coins as it depends on the demand of silver at marketplace.  Sunshine Profits' silverinvestment website can help in finding more information and updates on silver trends.