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Monday, December 7, 2009

Silver Investing - The Case for Junk Silver

The term Junk Silver commonly refers to old US dimes quarters and halves that were at one time made of 90% silver.
• 1964 Kennedy Half Dollars
• Roosevelt Dimes
• Mercury Dimes name just a few.

For the experienced metals investor and the beginner alike it makes sense to own a quantity of these. They will always reflect the pice of silver, but they are small denominations which means as a crisis hedge they are easy mode of bartering. (Even one ounce of silver is worth $20 so do you really want to have to exchange one of these for a loaf of bread whereas a silver dimes currently as spot value of around $1.40).

These coins were issued by the US mint so you can more or less trust their silver content. As they will always reflect the price of silver you do not need to worry too much about the quality of the coin (unless of course they have huge chunks taken out of them!!!) but make sure that if you do not pay a premium higher than 15% for smaller quantities.

A good place to buy your junk silver is on Ebay. They generally have a lot of offers for silver dimes and kennedy half dollars. The In Gold We Trust Precious Metals Calculator and Metals & Coin info page are a good place to start. There is a list of the different junk silver coins their silver content and the calculator will inform you of their current market value. You can then go onto Ebay and place bids maximum 10-15% over spot. One trick is to place a lot of different bids at the spot price of silver. You may get 1 or 2 that you win and you get it at a good price. Good luck and visit for more info and resources.