Junk Silver is readily divisible A bag of these coins is easily and instantly divisible. Junk Silver has never been confiscated For anyone who worries that the U. You do not have to disclose your ownership to anyone or any government. We do too, of course. They are also easier to store and, when it comes time to sell, easier to liquidate. We recommend that every family own a few of them. Speak with a Preferred Client Relations Representative today at or for more information or to purchase bags of junk silver.
We strive to provide you with the information and the contacts you need to achieve your financial goals. We will never share your information with third parties. Ready to place your order? Investors who buy silver and gold for survival purposes fear the worst. Those fears include the Federal Reserve printing so many dollars that the dollar will become worthless, which is the history of all paper currencies not redeemable in gold or silver.
Fear of a financial meltdown, which would close banks as in Argentina and Paraguay in , is another. Argentineans and Paraguayans who had to foresight to bail out of the banking systems and convert their assets to gold or coin silver were protected. Not only did banks close, but also when they reopened depositors were limited in the amount of money they could withdraw.
Meanwhile, the Argentinean peso and the Paraguayan guarani sank in value. Shortly after those crises, Brazil defaulted on its international debt and its paper currency, the real , sank. Those are the kinds of situations that investors who buy coin silver and small gold coins for survival purposes want to protect against.
In doing so, these investors buy silver and gold in forms that can be used for money or to barter for goods and services. The best forms of silver for survival purposes are pre U. But, before going forward, it is imperative that we discuss which coins to avoid. That is because hundreds of web pages promote numismatic and collector coins , as well as foreign coins.
Such coins are simply wrong for survival purposes. If the time ever comes that silver coins and gold coins were again used as money, coins would be worth only their metal content. Numismatic collector premiums would disappear. Gaudens and tell him it contains. Numismatic premiums are fleeting in normal markets. See our Double Eagle coins page. Additonally, The Dangers of Buying Gold is a short warning about buying from telemarketers.
Numismatic coins are bad investments for the average investor anytime; for survival purposes, they are simply wrong. If you ever need to use your silver and gold to buy goods and services, you will want silver coins and small gold coins.
Additionally, those coins should have certain characteristics to ensure they are readily accepted. First, survival coins should be stamped in English.
Most Americans do not read foreign languages. Second, the coins should have their gold or silver contents stamped on them; except for the modern bullion coins, most do not.
In an emergency, having the gold content stamped on a coin could go a long way toward causing someone to accept it. If your furnace goes out in January, the local heating guy may have never seen a gold coin before.
Gaudens, how does he know it contains a little less than an ounce? The guide below will help give you an idea what your halves may be worth contingent on the current price of silver per ounce. Junk Silver Half Dollar Prices.
In the most basic sense, you can usually determine whether a dime, quarter, half dollar, or dollar coin is clad or silver based on its date. Dimes and quarters produced before are made from silver. All those made afterward, except for some collector-only issues, are clad. All circulating half dollars issued from to date are made from copper-nickel clad.
Circulating issues made afterward were produced in clad. There are a couple caveats here. For one, there are those aforementioned silver-based, collector-only issues. Then there are a handful of errors involving coins that were intended to be struck in clad format but accidentally struck on silver planchets.
Any coins you suspect may be off-metal errors or transitional errors should be weighed to determine their composition and submitted to a trusted numismatic professional, such as a major third-party coin grading service, for further testing, authentication, and official attribution. The United States government stopped making silver coins for circulation because it got too expensive. When this happened, many in the public found it more profitable to hoard these silver coins for their valuable precious metal content rather than to spend the coins for face value.
This helped lead to a major coin shortage in and It persuaded government officials to choose a cheaper metal for minting dimes, quarters, and half dollars. Dollar coins were not officially being produced at this time. After experimentation, United States Treasury and United States Mint officials decided on a copper-nickel clad composition. Basically, the coins used a pure copper "sandwich" between two copper-nickel outer layers.
This was the best choice for minting coinage without compromising the acceptability of these coins in commerce, vending machines, and elsewhere. The United States phased out the use of silver in circulating coins over the course of the s and early s. The first changes came in , when silver was completely removed from new dimes and quarters. By the late s, the United States government began planning the full debasement of the half dollar.
Beginning in , no circulating United States coinage was struck with any amount of silver. The last circulating silver dimes are dated , and the United States Mint began striking copper-nickel clad dimes in These more recent silver dimes were sold only in proof sets and other special mint products. In other words, they were not formally released into circulation. There is 0. So, it takes about 5. As of this writing, it is legal to melt old silver coins in the United States.
There are presently no silver coins being made for circulation in the United States. Therefore melting silver coins would have virtually no effect on the availability of coins in daily commerce. While most people know how much silver is in a pre dime, quarter, or half dollar and can trust the coin to be authentic, there really is no way for someone else to really know the purity or authenticity of your melted silver without assaying it.
Besides accumulate or sell it? Well, many people melt their junk silver so it can be sold as scrap or used to make other silver products. In many cases when people sell their junk silver coins, what ends up happening to them later is that they are melted by a refinery to produce silver ingots silver bars or other bullion items. Also, the expectation that debts be paid on demand in silver is no longer mandated by United States law.
Joshua McMorrow-Hernandez is a journalist, editor, and blogger who has won multiple awards from the Numismatic Literary Guild. He has also authored numerous books, including works profiling the history of the United States Mint and United States coinage. What Is a Silver Nickel Worth? More Than You'd Expect! Don't be the last to know about the latest deals and new product arrivals. Join us today for FREE! Sign in or register. Buy Gold. Australian Gold Coins.
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