Junk Silver Coin refers to 1964 and earlier US Coinage. These are made up of 10 cents, 25 cents, 50 cents, and one dollar coins. They are 90% silver and 10% other metal to make the coins more durable in circulation.
These coins are also known as survival coins. This term is used for 1964 and earlier silver coins because they are recognizable as US coinage, have 90% silver content and are less likely to be anything less than 90% silver.
The term "survival" is used for these coins because they will become more valuable if the paper dollar money we are accustomed to using become worthless. If this happens, everyone will be in a "survival" mode, hence the name.
Silver bullion in bars or coins have a chance of being a large percentage of lead with a silver coating. This is of little value, and is indeed a sort of counterfeit silver bar. Junk Silver is much less likely to have this kind of trouble.
If the economy were to fall to pieces and the dollar become worthless, gold and silver will make up the gap. Gold and silver has been seen as money for 3000 years. This is ingrained into the mind of human beings across ever major civilization around the world.
Why is it called "Junk" you might ask. Contrary to what you might think, there is no shortage of these coins. They are not really rare. Certainly some of the silver coins are rare, but as a general rule, silver coins from 1964 or before are plentyful. They are mainly good for their silver content and not much else.
Roosevelt dimes can be purchased by the bag full. Mercury dimes, Washingtong quarters, Walking Liberty half dollars, Franklin half dollars, Kennedy half dollars (1964 and earlier), Morgan Silver Dollars and Peace Dollars, are also available by the bag. They can be ordered online and shipped to your door.
Junk Silver Coin is a good to obtain in these uncertain days of economic turmoil. Support our advertisers and visit the History of Gold and Silver web site for more links to informative articles.
Copyright, junksilvercoin.com 2009
