Junk Silver Coins - A Wise Silver Investing Strategy

Silver investing, like all precious metals investing, is a great way to hedge against inflation and the devaluation of paper investments such as stocks, bonds, and fiat currencies. When it comes to investing in silver, people most often think of rare coins like the Morgan Silver Dollar, or jewelry. Although both of these investments are wise, you do end up paying a premium because of their special characteristics and scarcity. If you’re one of those investors who are not interested in paying a premium for scarcity or beauty and you simply want to obtain silver for the cheapest price, then Junk silver coins might be right for you.

What are Junk silver coins? Junk Silver coins are pre 1965 circulated coins in commerce that have since been removed from circulation due to their high silver content. Junk Silver coins with 90% purity are available in dimes, quarters, and half-dollars, all pre 1965 circulation. The 40% Junk Silver coins, on the other hand, contain coins minted after 1964. The bags in which these coins are generally contained include Kennedy half-dollar coins circulated between 1965-1969 and Eisenhower dollars issued between 1971-1976. Both the 90% and 40% version of these coins can now be purchased in bulk and provide investors with the most amount of pure silver for the cheapest price due to their lack of aesthetic and collectors appeal.

Silver will remain a staple investment in our marketplace for a long time to come. It continues to serve not only as a hedge against inflation, but also has many industrial applications along with its use as jewelry and silverware. Because silver is such a necessary product, its availability is scare. As a result, we are seeing demand for silver exceed the rate at which it is supplied to the market, making junk silver coins and other silver products a great alternative or addition to the more common precious metals investment, gold.

With the popularity of fiat currencies declining, precious metals and commodities alike are ideal investments because they retain intrinsic value regardless of market conditions. For those investors who also want the best bang for their buck, junk silver coins are the way to go.

Source by Cassandra Daniels

Junk Silver Coins - A Wise Silver Investing Strategy